Caseware UK (AP4) 2021.0.152 2021.0.152 2021-10-312021-10-312020-11-01falseNo description of principal activity33truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09812297 2020-11-01 2021-10-31 09812297 2019-11-01 2020-10-31 09812297 2021-10-31 09812297 2020-10-31 09812297 c:Director1 2020-11-01 2021-10-31 09812297 c:Director3 2020-11-01 2021-10-31 09812297 d:FurnitureFittings 2020-11-01 2021-10-31 09812297 d:FurnitureFittings 2021-10-31 09812297 d:FurnitureFittings 2020-10-31 09812297 d:ComputerEquipment 2020-11-01 2021-10-31 09812297 d:ComputerEquipment 2021-10-31 09812297 d:ComputerEquipment 2020-10-31 09812297 d:LeaseholdInvestmentProperty 2020-11-01 2021-10-31 09812297 d:LeaseholdInvestmentProperty 2021-10-31 09812297 d:LeaseholdInvestmentProperty 2020-10-31 09812297 d:CurrentFinancialInstruments 2021-10-31 09812297 d:CurrentFinancialInstruments 2020-10-31 09812297 d:Non-currentFinancialInstruments 2021-10-31 09812297 d:Non-currentFinancialInstruments 2020-10-31 09812297 d:CurrentFinancialInstruments d:WithinOneYear 2021-10-31 09812297 d:CurrentFinancialInstruments d:WithinOneYear 2020-10-31 09812297 d:Non-currentFinancialInstruments d:AfterOneYear 2021-10-31 09812297 d:Non-currentFinancialInstruments d:AfterOneYear 2020-10-31 09812297 d:ShareCapital 2021-10-31 09812297 d:ShareCapital 2020-10-31 09812297 d:OtherMiscellaneousReserve 2021-10-31 09812297 d:OtherMiscellaneousReserve 2020-10-31 09812297 d:RetainedEarningsAccumulatedLosses 2021-10-31 09812297 d:RetainedEarningsAccumulatedLosses 2020-10-31 09812297 c:OrdinaryShareClass1 2020-11-01 2021-10-31 09812297 c:OrdinaryShareClass1 2021-10-31 09812297 c:OrdinaryShareClass1 2020-10-31 09812297 c:FRS102 2020-11-01 2021-10-31 09812297 c:AuditExempt-NoAccountantsReport 2020-11-01 2021-10-31 09812297 c:FullAccounts 2020-11-01 2021-10-31 09812297 c:PrivateLimitedCompanyLtd 2020-11-01 2021-10-31 09812297 2 2020-11-01 2021-10-31 09812297 d:AcceleratedTaxDepreciationDeferredTax 2021-10-31 09812297 d:AcceleratedTaxDepreciationDeferredTax 2020-10-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09812297









KORD CAPITAL LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2021

 
KORD CAPITAL LIMITED
REGISTERED NUMBER: 09812297

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2021

2021
2020
Note
£
£

Fixed assets
  

Investment property
 5 
1,991,836
1,979,741

  
1,991,836
1,979,741

Current assets
  

Debtors: amounts falling due within one year
 6 
50,278
49,265

Cash at bank and in hand
  
41,152
9,251

  
91,430
58,516

Creditors: amounts falling due within one year
 7 
(31,197)
(1,494,710)

Net current assets/(liabilities)
  
 
 
60,233
 
 
(1,436,194)

Total assets less current liabilities
  
2,052,069
543,547

Creditors: amounts falling due after more than one year
 8 
(1,475,000)
-

Provisions for liabilities
  

Deferred tax
 9 
(102,590)
(102,590)

  
 
 
(102,590)
 
 
(102,590)

Net assets
  
474,479
440,957


Capital and reserves
  

Called up share capital 
 10 
3
3

Other reserves
  
438,614
438,614

Profit and loss account
  
35,862
2,340

  
474,479
440,957

Page 1

 
KORD CAPITAL LIMITED
REGISTERED NUMBER: 09812297
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 2021

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.

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 by: 




D Jaraj
O Jaraj
Director
Director


Date: 5 September 2022
Date:5 September 2022

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
KORD CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2021

1.


Statutory information

Kord Capital Limited is a private company, limited by shares and registered in England and Wales. The company's registered office address is 64 New Cavendish Street, London, W1G 8TB.

2.Accounting policies

 
2.1

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

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, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in the Statement of comprehensive income using the effective interest method.

Page 3

 
KORD CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2021

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25.00%
On Cost
Computer equipment
-
33.33%
On Cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Investment property

Investment property is carried at fair value determined annually. No depreciation is provided. Changes in fair value are recognised in the Statement of Comprehensive Income.

Page 4

 
KORD CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2021

2.Accounting policies (continued)

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2020 - 3).


4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 November 2020
5,030
1,120
6,150



At 31 October 2021

5,030
1,120
6,150



Depreciation


At 1 November 2020
5,030
1,120
6,150



At 31 October 2021

5,030
1,120
6,150



Net book value



At 31 October 2021
-
-
-



At 31 October 2020
-
-
-

Page 5

 
KORD CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2021

5.


Investment property


Long term leasehold investment property

£



Valuation


At 1 November 2020
1,979,741


Additions at cost
12,095



At 31 October 2021
1,991,836

The 2021 valuations were made by the directors, on an open market value for existing use basis.








6.


Debtors

2021
2020
£
£


Trade debtors
30,778
29,418

Other debtors
19,500
17,135

Prepayments and accrued income
-
2,712

50,278
49,265



7.


Creditors: Amounts falling due within one year

2021
2020
£
£

Bank loans
-
1,475,000

Corporation tax
7,863
3,412

Other taxation and social security
3,272
-

Other creditors
1,878
1,875

Accruals and deferred income
18,184
14,423

31,197
1,494,710


Page 6

 
KORD CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2021

8.


Creditors: Amounts falling due after more than one year

2021
2020
£
£

Bank loans
1,475,000
-

1,475,000
-


The bank loan is secured by a personal guarantee by a director.


9.


Deferred taxation




2021


£






At beginning of year
(102,590)



At end of year
(102,590)

The provision for deferred taxation is made up as follows:

2021
2020
£
£


Unrealised revaluation of investment property
102,590
102,590

102,590
102,590


10.


Share capital

2021
2020
£
£
Allotted, called up and fully paid



3 (2020 - 3) Ordinary shares of £1.00 each
3
3


 
Page 7