Kenwood Property Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 08930631

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investment Properties	4		1,925,893		1,299,257
Investments	5		118,577		118,577

			2,044,470		1,417,834
CURRENT ASSETS
Debtors	6	2,066		270
Cash at bank and in hand		93,792		19,815

		95,858		20,085
Creditors: Amounts Falling Due Within One Year	7	(176,184 )		(275,454 )

NET CURRENT ASSETS (LIABILITIES)			(80,326 )		(255,369 )

TOTAL ASSETS LESS CURRENT LIABILITIES			1,964,144		1,162,465

Creditors: Amounts Falling Due After More Than One Year	8		(1,217,000 )		(663,284 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(69,247 )		(23,432 )

NET ASSETS			677,897		475,749

CAPITAL AND RESERVES
Called up share capital	9		15		15
Share premium account			226,499		226,499
Profit and Loss Account			451,383		249,235

SHAREHOLDERS' FUNDS			677,897		475,749

Page 1

Page 2

Kenwood Property Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr A Grist

Director

26/11/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Kenwood Property Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08930631 . The registered office is 57 Earls Avenue, Folkestone, Kent, CT20 2HA.

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

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.4. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2024: 1)

Page 3

Page 4

Kenwood Property Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Investment Property

	2025
	£
Fair Value
As at 1 April 2024	1,299,257
Additions	385,503
Fair value adjustments	241,133

As at 31 March 2025	1,925,893

5. Investments

	Subsidiaries
	£
Cost
As at 1 April 2024	118,577

As at 31 March 2025	118,577

Provision
As at 1 April 2024	-

As at 31 March 2025	-

Net Book Value
As at 31 March 2025	118,577

As at 1 April 2024	118,577

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	297	270
Amounts owed by group undertakings	774	-
Other debtors	995	-

	2,066	270

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Bank loans and overdrafts	-	30,000
Amounts owed to group undertakings	150,959	154,403
Amounts owed to participating interests	-	85,955
Other creditors	23,623	4,161
Taxation and social security	1,602	935

	176,184	275,454

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	1,217,000	663,284

Page 4

Page 5

Kenwood Property Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	15	15

10. Related Party Transactions

Loans from/(to) related parties

	Parent	Subsidiary
2025	£	£
At start of period	85,955	154,403
Advanced	-	-
Repaid	(85,955)	(3,444)
At end of period	-	150,959

	Parent	Subsidiary
2024	£	£
At start of period	85,991	130,816
Advanced	-	23,600
Repaid	(36)	(13)
At end of period	85,955	154,403

11. Ultimate Parent Undertaking and Controlling Party

The company's immediate and ultimate parent undertaking is White Water Metals Ltd , incorporated in England and Wales. The ultimate controlling party is Adam Grist who controls 100% of the shares of Kenwood Property Limited .

Page 5