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REGISTERED NUMBER: 13476526 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

KORA SUSTAINABILITY LIMITED

KORA SUSTAINABILITY LIMITED (REGISTERED NUMBER: 13476526)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KORA SUSTAINABILITY LIMITED

COMPANY INFORMATION
for the Year Ended 30 June 2023







DIRECTORS: G Regev
K P Gray





REGISTERED OFFICE: Bank Gallery
High Street
Kenilworth
Warwickshire
CV8 1LY





REGISTERED NUMBER: 13476526 (England and Wales)





ACCOUNTANTS: Bernard Rogers & Co
Bank Gallery
High Street
Kenilworth
Warwickshire
CV8 1LY

KORA SUSTAINABILITY LIMITED (REGISTERED NUMBER: 13476526)

BALANCE SHEET
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 10,358 13,810

CURRENT ASSETS
Debtors 5 64,925 6,629
Cash at bank 432,847 80,959
497,772 87,588
CREDITORS
Amounts falling due within one year 6 13,908 14,130
NET CURRENT ASSETS 483,864 73,458
TOTAL ASSETS LESS CURRENT
LIABILITIES

494,222

87,268

CAPITAL AND RESERVES
Called up share capital 26,904 19,014
Share premium 1,047,196 116,807
Retained earnings (579,878 ) (48,553 )
494,222 87,268

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 15 November 2023 and were signed on its behalf by:




G Regev - Director


KORA SUSTAINABILITY LIMITED (REGISTERED NUMBER: 13476526)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2023


1. STATUTORY INFORMATION

Kora Sustainability 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Intellectual property are being amortised evenly over their estimated useful life of five years.

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).

KORA SUSTAINABILITY LIMITED (REGISTERED NUMBER: 13476526)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 July 2022
and 30 June 2023 17,263
AMORTISATION
At 1 July 2022 3,453
Charge for year 3,452
At 30 June 2023 6,905
NET BOOK VALUE
At 30 June 2023 10,358
At 30 June 2022 13,810

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 64,925 6,629

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 13,908 14,130

7. RELATED PARTY DISCLOSURES

During the year, the current account of the former Director, G R Andrews, became overdrawn. The maximum amount and the year end balance was £62,481 (2022: £312 cr). This has subsequently cleared.

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors.