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COMPANY REGISTRATION NUMBER: 14232646
Kodi Developments Ltd
Filleted Unaudited Financial Statements
31 August 2023
Kodi Developments Ltd
Statement of Financial Position
31 August 2023
31 Aug 23
Note
£
Current assets
Debtors
5
63,610
Cash at bank and in hand
75,589
---------
139,199
Creditors: amounts falling due within one year
6
151,017
---------
Net current liabilities
11,818
--------
Total assets less current liabilities
( 11,818)
--------
Net liabilities
( 11,818)
--------
Capital and reserves
Called up share capital
200
Profit and loss account
( 12,018)
--------
Shareholders deficit
( 11,818)
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 12 February 2024 , and are signed on behalf of the board by:
Mr R Malde
Director
Company registration number: 14232646
Kodi Developments Ltd
Notes to the Financial Statements
Period from 13 July 2022 to 31 August 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 10 Lynford Gardens, Edgware, HA8 8UG, Middlesex.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 2 .
5. Debtors
31 Aug 23
£
Other debtors
63,610
--------
6. Creditors: amounts falling due within one year
31 Aug 23
£
Other creditors
151,017
---------
7. Directors' advances, credits and guarantees
During the period the directors entered into the following advances and credits with the company:
31 Aug 23
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Mr R Malde
( 75,199)
( 75,199)
Mrs S Malde
( 75,200)
( 75,200)
----
---------
---------
( 150,399)
( 150,399)
----
---------
---------