REGISTERED NUMBER: 05360918 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2024

for

KHH Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

25,910

-

Investment property

5

400,000

400,000

425,910

400,000

CURRENT ASSETS

Debtors

6

217,163

27,403

Cash at bank

489

2,503

217,652

29,906

CREDITORS

Amounts falling due within one year

7

10,094

4,674

NET CURRENT ASSETS

207,558

25,232

TOTAL ASSETS LESS CURRENT LIABILITIES

633,468

425,232

CREDITORS

Amounts falling due after more than one year

8

452,000

222,810

NET ASSETS

181,468

202,422

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

181,466

202,420

SHAREHOLDERS' FUNDS

181,468

202,422

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 September 2025 and were signed by:

Mr L Lawson-O'Neil - Director

1.	STATUTORY INFORMATION

KHH Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

05360918

Registered office:

Hackney Downs Studios

Amhurst Terrace

London

E8 2BT

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

Where fair value cannot be achieved without undue cost or effort, investment property is accounted for as tangible fixed assets.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

Additions

25,910

At 31 August 2024

25,910

NET BOOK VALUE

At 31 August 2024

25,910

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 September 2023

and 31 August 2024

400,000

NET BOOK VALUE

At 31 August 2024

400,000

At 31 August 2023

400,000

Investment property comprises freehold property. The fair value of the investment property has been arrived at on the basis of a valuation carried out at 31 August 2023 by the director. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.24

31.8.23

£

£

Other debtors

-

17,618

Amounts owed by group

associated companies

175,342

-

Corporation tax

2,371

2,371

VAT

6,033

220

Deferred tax asset

17,208

7,194

Prepayments and accrued income

16,209

-

217,163

27,403

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.24

31.8.23

£

£

Trade creditors

5,420

-

Other creditors

3,674

3,674

Accruals and deferred income

1,000

1,000

10,094

4,674

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.24

31.8.23

£

£

Other loans - 2-5 years

452,000

-

Amounts owed to group undertakings

-

222,810

452,000

222,810

9.	DEFERRED TAX

£

Balance at 1 September 2023

(7,194

)

Trading losses carried forward

(22,492

)

Revaluation of assets

6,000

Accelerated capital allowances

6,478

Balance at 31 August 2024

(17,208

)

10.	RELATED PARTY DISCLOSURES

Included in Debtors: amounts falling due after more than one year is an amount of £175,341 (2023: £193,368) in respect of a loan owed to the immediate parent company, Eat Work Art Limited. The loan is not expected to be repaid until such time that the company has resources available to repay the loan.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Creative Network Partners Ltd.