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Company Registration No. 09979365 (England and Wales)
KOLE INVESTMENT COMPANY LIMITED Unaudited accounts for the year ended 31 March 2023
KOLE INVESTMENT COMPANY LIMITED Unaudited accounts Contents
Page
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KOLE INVESTMENT COMPANY LIMITED Company Information for the year ended 31 March 2023
Director
OLADIRAN KOLEADE
Company Number
09979365 (England and Wales)
Registered Office
194 RAINBOW ROAD ERITH DA8 2EQ ENGLAND
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KOLE INVESTMENT COMPANY LIMITED Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
471,394 
418,268 
Investments
36,100 
1,500 
507,494 
419,768 
Current assets
Cash at bank and in hand
308,516 
119 
Creditors: amounts falling due within one year
(66)
- 
Net current assets
308,450 
119 
Total assets less current liabilities
815,944 
419,887 
Creditors: amounts falling due after more than one year
(817,220)
(421,760)
Net liabilities
(1,276)
(1,873)
Capital and reserves
Called up share capital
1,500 
1,500 
Profit and loss account
(2,776)
(3,373)
Shareholders' funds
(1,276)
(1,873)
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 11 November 2023 and were signed on its behalf by
OLADIRAN KOLEADE Director Company Registration No. 09979365
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KOLE INVESTMENT COMPANY LIMITED Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
KOLE INVESTMENT COMPANY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09979365. The registered office is 194 RAINBOW ROAD, ERITH, DA8 2EQ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Investment property
2023 
£ 
Fair value at 1 April 2022
418,268 
Additions
42,183 
Net gain from fair value adjustments
10,943 
At 31 March 2023
471,394 
5
Investments
Subsidiary undertakings 
Other investments 
Total 
£ 
£ 
£ 
Valuation at 1 April 2022
1,500 
- 
1,500 
Additions
- 
34,600 
34,600 
Valuation at 31 March 2023
1,500 
34,600 
36,100 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
66 
- 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
17,800 
20,800 
Obligations under finance leases and hire purchase contracts
344,370 
- 
Loans from directors
455,050 
400,960 
817,220 
421,760 
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KOLE INVESTMENT COMPANY LIMITED Notes to the Accounts for the year ended 31 March 2023
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
OLADIRAN KOLEADE
Director loan to the company
400,960 
- 
- 
400,960 
400,960 
- 
- 
400,960 
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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