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REGISTERED NUMBER: 09234390 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

KORU CONNECTIONS LIMITED

KORU CONNECTIONS LIMITED (REGISTERED NUMBER: 09234390)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KORU CONNECTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: Mr K Cope
Mrs S Cope





REGISTERED OFFICE: Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND





REGISTERED NUMBER: 09234390 (England and Wales)





ACCOUNTANTS: Marsland Nash Associates
Chartered Tax Advisers, Accountants
and Business Consultants
Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND

KORU CONNECTIONS LIMITED (REGISTERED NUMBER: 09234390)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,599 3,058
Investment property 5 200,000 160,000
202,599 163,058

CURRENT ASSETS
Debtors 6 20,492 25,544
Cash at bank 24,858 18,747
45,350 44,291
CREDITORS
Amounts falling due within one year 7 20,038 23,262
NET CURRENT ASSETS 25,312 21,029
TOTAL ASSETS LESS CURRENT LIABILITIES 227,911 184,087

CREDITORS
Amounts falling due after more than one
year

8

(102,287

)

(107,329

)

PROVISIONS FOR LIABILITIES (4,451 ) (3,997 )
NET ASSETS 121,173 72,761

CAPITAL AND RESERVES
Called up share capital 2 2
Other reserves 16,867 16,867
Retained earnings 104,304 55,892
SHAREHOLDERS' FUNDS 121,173 72,761

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

KORU CONNECTIONS LIMITED (REGISTERED NUMBER: 09234390)

BALANCE SHEET - continued
30 SEPTEMBER 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2024 and were signed on its behalf by:





Mr K Cope - Director


KORU CONNECTIONS LIMITED (REGISTERED NUMBER: 09234390)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023


1. STATUTORY INFORMATION

Koru Connections 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 as modified by the revaluation of certain assets.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

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 Statement of Income and Retained Earnings, 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).

KORU CONNECTIONS LIMITED (REGISTERED NUMBER: 09234390)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 October 2022
and 30 September 2023 7,087
DEPRECIATION
At 1 October 2022 4,029
Charge for year 459
At 30 September 2023 4,488
NET BOOK VALUE
At 30 September 2023 2,599
At 30 September 2022 3,058

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2022 160,000
Revaluations 40,000
At 30 September 2023 200,000
NET BOOK VALUE
At 30 September 2023 200,000
At 30 September 2022 160,000

Fair value at 30 September 2023 is represented by:
£   
Valuation in 2021 160,000
Valuation in 2023 40,000
200,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 6,036 3,740
Other debtors 14,456 21,404
Prepayments - 400
20,492 25,544

KORU CONNECTIONS LIMITED (REGISTERED NUMBER: 09234390)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,043 4,915
Trade creditors 607 164
Tax 4,989 8,611
Other creditors 5,817 5,229
Directors' current accounts 1,006 1,893
Accrued expenses 2,576 2,450
20,038 23,262

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other loans - 2-5 years 93,599 93,599
Bank loan 8,688 13,730
102,287 107,329

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2023 and 30 September 2022:

2023 2022
£    £   
Mrs S Cope and Mr K Cope
Balance outstanding at start of year (1,893 ) (12,361 )
Amounts advanced 15,726 15,110
Amounts repaid (14,839 ) (4,642 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,006 ) (1,893 )

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £14,000 (2022 - £4,000) were paid to the directors .

Intercompany Account

During the period the company lent to Five Way Properties Ltd, a company Mr K Cope & Mrs S Cope, Directors, are also Directors of, an amount of £1,344 (2022: £1,344). The loan is unsecured, interest free and repayable on demand.

During the period the company borrowed from 3SK Properties Ltd, a company Mr K Cope & Mrs S Cope, Directors, are also Directors of, an amount of £2,372 (2022 the company lent £16,803 to 3SK Properties Ltd). The loan is unsecured, interest free and repayable on demand.