Company No: 14499791 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

Directors	D C Grimm (Resigned 02 July 2024)
	M Kruse (Resigned 02 July 2024)
	C V Roberts
	V Roma

Secretary

S Bhatia

Registered office	3a Montagu Row
	London
	United Kingdom

Company number

14499791 (England and Wales)

Accountant	Kreston Reeves LLP
	2nd Floor
	168 Shoreditch High Street
	London
	E1 6RA

	Note	31.12.2024		30.11.2023
		£		£
Fixed assets
Intangible assets	3	1,566		0
Tangible assets	4	1,891,181		0
		1,892,747		0
Current assets
Debtors	5	154,608		100
Cash at bank and in hand		11,208		0
		165,816		100
Creditors: amounts falling due within one year	6	( 2,386,705)		0
Net current (liabilities)/assets		(2,220,889)		100
Total assets less current liabilities		(328,142)		100
Net (liabilities)/assets		( 328,142)		100
Capital and reserves
Called-up share capital	7	100		100
Profit and loss account		( 328,242 )		0
Total shareholder's (deficit)/funds		( 328,142)		100

For the financial period ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial period in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of KMK Kinderzimmer 4 South Kensington Limited (registered number: 14499791) were approved and authorised for issue by the Board of Directors on 29 September 2025. They were signed on its behalf by:

V Roma Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

KMK Kinderzimmer 4 South Kensington Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 3a Montagu Row , London, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial period. Differences between contributions payable in the financial period and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets

not amortised

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements	5 - 25 years straight line
Computer equipment	5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

	Period from 01.12.2023 to 31.12.2024		Year ended 30.11.2023
	Number		Number
Monthly average number of persons employed by the Company during the period, including directors	13		6

3. Intangible assets

	Other intangible assets		Total
	£		£
Cost
At 01 December 2023	0		0
Additions	1,566		1,566
At 31 December 2024	1,566		1,566
Accumulated amortisation
At 01 December 2023	0		0
At 31 December 2024	0		0
Net book value
At 31 December 2024	1,566		1,566
At 30 November 2023	0		0

4. Tangible assets

	Leasehold improve- ments		Computer equipment		Total
	£		£		£
Cost
At 01 December 2023	0		0		0
Additions	1,948,672		8,400		1,957,072
At 31 December 2024	1,948,672		8,400		1,957,072
Accumulated depreciation
At 01 December 2023	0		0		0
Charge for the financial period	64,679		1,212		65,891
At 31 December 2024	64,679		1,212		65,891
Net book value
At 31 December 2024	1,883,993		7,188		1,891,181
At 30 November 2023	0		0		0

5. Debtors

	31.12.2024		30.11.2023
	£		£
Trade debtors	29,668		0
Other debtors	124,940		100
	154,608		100

6. Creditors: amounts falling due within one year

	31.12.2024		30.11.2023
	£		£
Trade creditors	60,468		0
Amounts owed to Group undertakings	2,248,808		0
Other taxation and social security	15,964		0
Other creditors	61,465		0
	2,386,705		0

7. Called-up share capital

	31.12.2024		30.11.2023
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100		100

8. Related party transactions

Other related party transactions

KMK Kinderzimmer UK Holding Limited
(Holding company)
During the year the company received a loan from KMK Kinderzimmer UK Holding Limited. The loan is interest free and repayable on demand. At the balance sheet date the amount due to KMK Kinderzimmer UK Holding Limited was £2,248,808.

9. Ultimate controlling party

Parent Company:

KMK Kinderzimmer UK Holding Limited

3a Montagu Row London W1U 6DZ