|
Registered number: 10578097
KINGWELL (BEACHAMPTON) LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 DECEMBER 2025
|
|
KINGWELL (BEACHAMPTON) LIMITED
REGISTERED NUMBER: 10578097
STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2025
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debtors: amounts falling due after more than one year
|
|
|
|
|
|
Debtors: amounts falling due within one year
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due within one year
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets less current liabilities
|
|
|
|
|
|
Creditors: amounts falling due after more than one year
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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.
|
|
KINGWELL (BEACHAMPTON) LIMITED
REGISTERED NUMBER: 10578097
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2025
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of comprehensive income 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 22 September 2026.
Alistair James Hugh Emery
|
|
|
The notes on pages 5 to 11 form part of these financial statements.
|
|
KINGWELL (BEACHAMPTON) LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Comprehensive income for the year
|
|
|
|
|
|
|
|
|
|
|
Surplus on revaluation of freehold property
|
|
|
|
|
Total comprehensive income for the year
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The notes on pages 5 to 11 form part of these financial statements.
|
|
|
KINGWELL (BEACHAMPTON) LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Comprehensive income for the year
|
|
|
|
|
|
|
|
|
|
|
Surplus on revaluation of freehold property
|
|
|
|
|
Total comprehensive income for the year
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The notes on pages 5 to 11 form part of these financial statements.
|
|
|
KINGWELL (BEACHAMPTON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Kingwell (Beachampton) Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is 30 Orange Street, London, WC2H 7HF.
2.Accounting policies
|
|
|
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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
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:
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable.
Revenue comprises rental income, that from farming activities, grants received and net profit on sales of property.
Interest income is recognised in the Statement of comprehensive income as received.
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
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.
|
|
KINGWELL (BEACHAMPTON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
Investment property is carried at fair value determined annually by external valuers 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. Changes in fair value are recognised in the Statement of comprehensive income.
Investment property is capitalised on the date of completion.
Investments are measured at cost less accumulated impairment.
|
|
|
Stocks and work in progress
|
Stocks and work in progress of properties to develop are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase and development cost incurred thereafter.
At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
Short term debtors are measured at transaction price.
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured net of transaction costs.
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 comprehensive income.
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.
|
|
KINGWELL (BEACHAMPTON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
|
|
The average monthly number of employees, including directors, during the year was 3 (2024 - 3).
|
|
|
Investments in subsidiary companies
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments comprise of 100 £1 ordinary shares in Bailoh Limited, a solar farm joint venture. The £1 share and membership in Ouse and Cherwell Trading Co. Limited, a farm supplies consortium, was disposed of in the year.
|
|
|
Freehold investment property
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The 2025 valuations were made by Bidwells, on an open market value for existing use basis.
|
|
KINGWELL (BEACHAMPTON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
|
|
Work in progress of properties to development
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
KINGWELL (BEACHAMPTON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
|
|
Due after more than one year
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
KINGWELL (BEACHAMPTON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
|
|
Creditors: Amounts falling due within one year
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Kingwell (Keyhaven) Limited
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loan from Kingwell Asset Investments LLP
|
|
|
|
|
Loan interest bearing - KH IV Lending 102 Sarl (Capital)
|
|
|
|
|
Loan interest bearing - KH IV Lending 102 Sarl (Interest)
|
|
|
|
|
Loan interest bearing - Kingwell Capital Partners LP (Capital)
|
|
|
|
|
Loan interest bearing - Kingwell Capital Partners LP (Interest)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The bank loan is from Coutts and attracted interest of 6.50% - 6.75% to December 2025. The loan must be repaid within 6 months of the original drawdown on 19 September 2025.
The loan is secured on the property at Manor Farm, Beachampton.
The interest-bearing loans provided via shareholders attract interest at a rate of 10% pa which has been accrued and added to the loans outstanding. The loans are expected to be repaid before 31 December 2026 and so are included in creditors amounts falling due within one year.
|
|
|
Creditors: Amounts falling due after more than one year
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loan from Kingwell Asset Investments LLP
|
|
|
|
|
Loan interest bearing - KH IV Lending 102 Sarl (Capital)
|
|
|
|
|
Loan interest bearing - KH IV Lending 102 Sarl (Interest)
|
|
|
|
|
Loan interest bearing - Kingwell Capital Partners LP (Capital)
|
|
|
|
|
Loan interest bearing - Kingwell Capital Partners LP (Interest)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
KINGWELL (BEACHAMPTON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
|
|
|
Allotted, called up and fully paid
|
|
|
|
|
|
|
|
|
|
|
|
1 (2024 - 1) Ordinary share of £1.00
|
|
|
|
|
|
|
|
The company is wholly owned by Kingwell Asset Investments LLP.
Funding in addition to bank loans has been provided to the company by the partners in that business.
Kingwell Management Limited (KM Ltd) and Kingwell Asset Investments LLP (K Inv LLP) are related parties as the directors of the company have interests in those companies. During the year KM Ltd charged £56,000 (2024 - £42,000) for asset management services. K Inv LLP charged £20,000 (2024 - £20,000) as a management fee.
|
|