Single, latest post on home page

If you’re okay with just visually hiding the posts, you could use Custom CSS to accomplish this.

Navigate to DesignEdit CSS. Paste the snippet below and hit Update CSS.

/* Show all posts when pagination is present, but only the first one when not. */
.container:not(:has(#post-nav)) .list-item:nth-child(n + 2) {
  display: none;
}

The CSS above is tailored toward Kiko and your blog’s current settings. It might break if you change the theme in the future. Also, it uses the modern :has selector and won’t work in older web browsers.