Fix any water leaks first. When you fit your kitchen fit a rail, level on the wall but up off the floor. Depending on the size of the cabinets and your desired finished height the rail will be at 150 high +/-. Use plastic levelling legs on the front of the cabinets. When you clip your kickers to the legs bed them in a bead of silicone. If worse comes to worst you might just have to replace your kickers in a decade or two, but it's pretty unlikely.
Waterprofofing on the kitchen side is not neccesary or advisable as you really want to stop any leaks on the other side of the wall. If you fix the leaks it should all be fine, even if you're wet mopping every week. Different story if there's a leaky shower recess backing onto the kitchen though, that would be a fix it first job.
Mick