ACCOUNTS - Final Accounts preparation

Registered number: 12382168

KINGWELL (KEYHAVEN) LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024


KINGWELL (KEYHAVEN) LIMITED REGISTERED NUMBER:12382168

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Investments	4		16,388,220		16,388,220
			16,388,220		16,388,220
Current assets
Debtors: amounts falling due within one year	5	110,108		108
Cash at bank and in hand	6	532		864
		110,640		972
Creditors: amounts falling due within one year	7	(1,730)		(483,712)
Net current assets/(liabilities)			108,910		(482,740)
Total assets less current liabilities			16,497,130		15,905,480
Creditors: amounts falling due after more than one year	8		(1,750,000)		(9,689,488)

Net assets			14,747,130		6,215,992

Capital and reserves
Called up share capital	1	1
Profit and loss account	14,747,129	6,215,991
	14,747,130	6,215,992

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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KINGWELL (KEYHAVEN) LIMITED REGISTERED NUMBER:12382168

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2024

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 September 2025.

Alistair James Hugh Emery

Director

The notes on pages 3 to 6 form part of these financial statements.

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KINGWELL (KEYHAVEN) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Kingwell (Keyhaven) Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is Calder & Co, 30 Orange Street, London, WC2H 7HF.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.6

Debtors

Short term debtors are measured at transaction price, less any impairment.

2.7

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

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KINGWELL (KEYHAVEN) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.8

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured net of transaction costs.

2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of income and retained earnings.
Financial assets and liabilities are offset and the net amount reported in the Statement of Financial Position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including the directors, during the year was as follows:

	2024	2023
	No.	No.

Directors	3	3

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KINGWELL (KEYHAVEN) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

4.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 January 2024	16,388,220
	At 31 December 2024	16,388,220

Debtors

					2024	2023
					£	£


Kingwell (Beachampton) Limited	110,000	-
Prepayments	108	108
	110,108	108

6.	Cash
		2024	2023
		£	£

Cash at bank	532	864
	532	864

7.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

KH IV Lending 102 Sarl (Interest) Loan	-	369,471
Kingwell Capital Partners LP (Interest) Loan	-	110,771
Trade creditors	30	60
Accruals	1,700	3,410
	1,730	483,712

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KINGWELL (KEYHAVEN) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

8.	Creditors: Amounts falling due after more than one year
		2024	2023
		£	£

Coutts & Company Loan	1,750,000	5,790,995
Kingwell Asset Investments LLP Loan	-	1,826,106
Kingwell Capital Partners LP (Capital) Loan	-	262,228
KH IV Lending 102 Sarl (Capital) Loan	-	1,810,159
	1,750,000	9,689,488

The company has a loan with Coutts & Company which is on an interest only basis. Interest is charged at commercial rates.
The loan from Kingwell Asset Investments LLP was interest free and fully repaid during the year.
The company had a number of other loans from related parties as detailed above. These attracted interest at a rate of 10% per annum and have all been fully repaid during the year.
The company has a fixed and floating charge with Coutts & Company Limited over all its assets dated 29 June 2020.

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