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
KOLE INVESTMENT COMPANY LIMITED
Company Information
for the year ended 31 March 2023
Company Number
09979365 (England and Wales)
Registered Office
194 RAINBOW ROAD
ERITH
DA8 2EQ
ENGLAND
KOLE INVESTMENT COMPANY LIMITED
Statement of financial position
as at 31 March 2023
Investment property
471,394
418,268
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)
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
KOLE INVESTMENT COMPANY LIMITED
Notes to the Accounts
for the year ended 31 March 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Fair value at 1 April 2022
418,268
Net gain from fair value adjustments
10,943
5
Investments
Subsidiary undertakings
Other investments
Total
Valuation at 1 April 2022
1,500
-
1,500
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
Obligations under finance leases and hire purchase contracts
344,370
-
Loans from directors
455,050
400,960
KOLE INVESTMENT COMPANY LIMITED
Notes to the Accounts
for the year ended 31 March 2023
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director loan to the company
400,960
-
-
400,960
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).