IRIS Accounts Production v23.2.0.158 12582831 Board of Directors 1.4.22 31.3.23 31.3.23 0 0 false true false false true false Fair value model Ordinary A 1.00000 Ordinary B 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh125828312022-03-31125828312023-03-31125828312022-04-012023-03-31125828312021-03-31125828312021-04-012022-03-31125828312022-03-3112582831ns10:Originalns15:EnglandWales2022-04-012023-03-3112582831ns14:PoundSterlingns10:Original2022-04-012023-03-3112582831ns10:Originalns10:Director12022-04-012023-03-3112582831ns10:Original2022-04-012023-03-3112582831ns10:Original2023-03-3112582831ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3112582831ns10:Originalns10:SmallEntities2022-04-012023-03-3112582831ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3112582831ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3112582831ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3112582831ns10:Originalns10:FullAccounts2022-04-012023-03-3112582831ns10:Original2021-04-012022-03-3112582831ns10:Originalns10:OrdinaryShareClass12022-04-012023-03-3112582831ns10:Originalns10:OrdinaryShareClass22022-04-012023-03-3112582831ns10:Originalns10:Director22022-04-012023-03-3112582831ns10:Originalns10:RegisteredOffice2022-04-012023-03-3112582831ns10:Original2022-03-3112582831ns10:Originalns5:CurrentFinancialInstruments2023-03-3112582831ns10:Originalns5:CurrentFinancialInstruments2022-03-3112582831ns10:Originalns5:Non-currentFinancialInstruments2023-03-3112582831ns10:Originalns5:Non-currentFinancialInstruments2022-03-3112582831ns5:ShareCapitalns10:Original2023-03-3112582831ns5:ShareCapitalns10:Original2022-03-3112582831ns10:Originalns5:SharePremium2023-03-3112582831ns10:Originalns5:SharePremium2022-03-3112582831ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3112582831ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3112582831ns10:Original2022-03-3112582831ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3112582831ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3112582831ns10:Originalns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-03-3112582831ns10:Originalns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-03-3112582831ns5:Securedns10:Original2023-03-3112582831ns5:Securedns10:Original2022-03-3112582831ns10:Originalns10:OrdinaryShareClass12023-03-3112582831ns10:Originalns10:OrdinaryShareClass22023-03-3112582831ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3112582831ns10:Originalns5:SharePremium2022-03-3112582831ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-04-012023-03-31
REGISTERED NUMBER: 12582831 (England and Wales)







Unaudited Financial Statements for the Year Ended 31 March 2023

for

Kore Property Rentals Limited

Kore Property Rentals Limited (Registered number: 12582831)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Kore Property Rentals Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr Mark Paul Bodey
Mrs Kelly Bodey





REGISTERED OFFICE: Hanham Hall
Whittucks Road
Hanham
Bristol
City of Bristol
BS15 3FR





REGISTERED NUMBER: 12582831 (England and Wales)





ACCOUNTANTS: Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
BS32 4JY

Kore Property Rentals Limited (Registered number: 12582831)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,569,687 191,902

CURRENT ASSETS
Debtors 5 1,505 400
Cash at bank 405,171 -
406,676 400
CREDITORS
Amounts falling due within one year 6 302,471 196,043
NET CURRENT ASSETS/(LIABILITIES) 104,205 (195,643 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,673,892 (3,741 )

CREDITORS
Amounts falling due after more than one year 7 631,000 -
NET ASSETS/(LIABILITIES) 1,042,892 (3,741 )

CAPITAL AND RESERVES
Called up share capital 9 309,504 4
Share premium 10 309,500 -
Retained earnings 10 423,888 (3,745 )
SHAREHOLDERS' FUNDS 1,042,892 (3,741 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 October 2023 and were signed on its behalf by:




Mr Mark Paul Bodey - Director


Kore Property Rentals Limited (Registered number: 12582831)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Kore Property Rentals Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 191,902
Additions 1,555,220
Disposals (177,435 )
At 31 March 2023 1,569,687
NET BOOK VALUE
At 31 March 2023 1,569,687
At 31 March 2022 191,902

Kore Property Rentals Limited (Registered number: 12582831)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. INVESTMENT PROPERTY - continued

The investment property has been valued using the historical cost method as agreed by the directors.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
VAT 1,505 -
Prepayments - 400
1,505 400

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 2,076 -
Tax 100,801 -
Other creditors 179,211 193,647
Directors' current accounts 19,173 1,196
Accruals and deferred income 1,210 1,200
302,471 196,043

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans more 5 yr by instal 631,000 -

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 631,000 -

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank loans 631,000 -

9. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
154,752 Ordinary A £1 154,752 2
154,752 Ordinary B £1 154,752 2
309,504 4

Kore Property Rentals Limited (Registered number: 12582831)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

10. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 April 2022 (3,745 ) - (3,745 )
Profit for the year 427,633 427,633
Cash share issue - 309,500 309,500
At 31 March 2023 423,888 309,500 733,388

11. RELATED PARTY DISCLOSURES

All related party transactions took place at an arms length basis.

As at 31/03/2023, £179,211 (2022: £193,647) was owed to Kore Construction Limited.