| Kaolin Investments Limited |
| Registered number: |
11703769 |
| Balance Sheet |
| as at 31 December 2024 |
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| Notes |
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2024 |
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2023 |
| £ |
£ |
| Fixed assets |
| Investments |
3 |
|
|
5,360,000 |
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|
- |
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| Current assets |
| Debtors |
4 |
|
19,000 |
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|
1 |
| Cash at bank and in hand |
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|
160 |
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- |
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19,160 |
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|
1 |
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| Creditors: amounts falling due within one year |
5 |
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(2,021,407) |
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- |
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| Net current (liabilities)/assets |
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(2,002,247) |
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|
1 |
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| Total assets less current liabilities |
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3,357,753 |
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|
1 |
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| Creditors: amounts falling due after more than one year |
6 |
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(3,334,104) |
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- |
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| Net assets |
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23,649 |
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1 |
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| Capital and reserves |
| Called up share capital |
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|
1 |
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1 |
| Profit and loss account |
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23,648 |
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- |
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| Shareholders' funds |
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23,649 |
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|
1 |
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| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
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| Robert Barker |
| Director |
| Approved by the board on 28 October 2025 |
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| Kaolin Investments Limited |
| Notes to the Accounts |
| for the year ended 31 December 2024 |
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| 1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Turnover |
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Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the letting of property. Turnover from property letting is recognised according to the period for which the rent is receivable. |
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Investments |
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Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
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| 2 |
Employees |
2024 |
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2023 |
| Number |
Number |
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Average number of persons employed by the company |
0 |
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0 |
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| 3 |
Investments |
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| Other |
| investments |
| £ |
|
Cost |
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Additions |
5,360,000 |
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At 31 December 2024 |
5,360,000 |
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Historical cost |
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At 31 December 2024 |
5,360,000 |
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The directors have valued the investment property, 2-9 Kaolin Court, at £5,360,000 at the balance sheet date this being the open market value of the property. |
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| 4 |
Debtors |
2024 |
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2023 |
| £ |
£ |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
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- |
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1 |
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Other debtors |
19,000 |
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- |
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19,000 |
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1 |
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| 5 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
| £ |
£ |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
2,015,027 |
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- |
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Other creditors |
6,380 |
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- |
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2,021,407 |
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- |
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| 6 |
Creditors: amounts falling due after one year |
2024 |
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2023 |
| £ |
£ |
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Bank loans |
3,334,104 |
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- |
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| 7 |
Loans |
2024 |
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2023 |
| £ |
£ |
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Creditors include: |
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Amounts payable otherwise than by instalment falling due for payment after more than five years |
|
3,334,104 |
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- |
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Secured bank loans |
3,334,104 |
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- |
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The bank loan is secured by means of a first legal charge in respect of the properties 2-9 Kaolin Court. |
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| 8 |
Related party transactions |
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2024 |
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2023 |
| £ |
£ |
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Including in creditors are the following loans due to related parties |
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House of Tuesday Ltd |
2,012,527 |
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(1) |
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The Parks Investments Ltd (100% subsidiary of House of Tuesday) |
2,500 |
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The company acquired the investment properties from House of Tuesday Ltd during the period at the open market value of £5,360,000 |
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| 9 |
Controlling party |
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Kaolin Investments Ltd is a fully owned subsidiary of House Of Tuesday Ltd (CRN: 09361736) whose registered office is 10 Durham Avenue, Gidea Park, Romford, RM2 6JS. |
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| 10 |
Other information |
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Kaolin Investments Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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10 Durham Avenue |
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Gidea Park |
|
Romford |
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RM2 6JS |