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REGISTERED NUMBER: 05091700 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2022 TO 27 MARCH 2023

FOR

AG KAKOURIS LIMITED

AG KAKOURIS LIMITED (REGISTERED NUMBER: 05091700)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Period 1 APRIL 2022 TO 27 MARCH 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


AG KAKOURIS LIMITED

COMPANY INFORMATION
For The Period 1 APRIL 2022 TO 27 MARCH 2023







DIRECTOR: Mr A Christofis





SECRETARY: Mr G A Kakouris





REGISTERED OFFICE: 1 Kings Avenue
London
N21 3NA





REGISTERED NUMBER: 05091700 (England and Wales)





ACCOUNTANTS: AGK Partners
Chartered Accountants
1 Kings Avenue
London
N21 3NA

AG KAKOURIS LIMITED (REGISTERED NUMBER: 05091700)

STATEMENT OF FINANCIAL POSITION
27 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 44,268 66,636
Tangible assets 5 25,293 33,724
Investments 6 515,238 515,238
584,799 615,598

CURRENT ASSETS
Debtors 7 5,476,280 3,914,888
Cash at bank and in hand 110,465 103,673
5,586,745 4,018,561
CREDITORS
Amounts falling due within one year 8 576,159 150,473
NET CURRENT ASSETS 5,010,586 3,868,088
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,595,385

4,483,686

CAPITAL AND RESERVES
Called up share capital 115 115
Retained earnings 5,595,270 4,483,571
5,595,385 4,483,686

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 27 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 27 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 1 April 2024 and were signed by:





Mr A Christofis - Director


AG KAKOURIS LIMITED (REGISTERED NUMBER: 05091700)

NOTES TO THE FINANCIAL STATEMENTS
For The Period 1 APRIL 2022 TO 27 MARCH 2023

1. STATUTORY INFORMATION

AG Kakouris 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Preparation of consolidated financial statements
The financial statements contain information about AG Kakouris Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

There are no significant judgements or estimates involved in the preparation of the financial statements.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of twenty years.

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.

Tangible fixed assets
Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses. Such cost includes costs directly attributable to making the assets capable of operating as intended.

The carrying value of tangible assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets less their estimated residual value over their expected useful lives, on the following basis:

Plant and machinery 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any impairments.


AG KAKOURIS LIMITED (REGISTERED NUMBER: 05091700)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Period 1 APRIL 2022 TO 27 MARCH 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Cash and cash equivalents
Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.

Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 27 March 2023 447,365
AMORTISATION
At 1 April 2022 380,729
Charge for period 22,368
At 27 March 2023 403,097
NET BOOK VALUE
At 27 March 2023 44,268
At 31 March 2022 66,636

AG KAKOURIS LIMITED (REGISTERED NUMBER: 05091700)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Period 1 APRIL 2022 TO 27 MARCH 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 April 2022
and 27 March 2023 154,299
DEPRECIATION
At 1 April 2022 120,575
Charge for period 8,431
At 27 March 2023 129,006
NET BOOK VALUE
At 27 March 2023 25,293
At 31 March 2022 33,724

6. FIXED ASSET INVESTMENTS
Interest
Shares in in other
group participating
undertakings interests Totals
£    £    £   
COST
At 1 April 2022
and 27 March 2023 514,535 703 515,238
NET BOOK VALUE
At 27 March 2023 514,535 703 515,238
At 31 March 2022 514,535 703 515,238

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,020,968 73,197
Amounts owed by group undertakings 1,451,029 852,966
Amounts owed by participating interests - 458,111
Other debtors 3,004,283 2,530,614
5,476,280 3,914,888

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 100,760 -
Amounts owed to participating interests 34,271 -
Tax 155,079 90,414
VAT 155,709 9,719
Other creditors 126,000 26,000
Accrued expenses 4,340 24,340
576,159 150,473

9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

AG KAKOURIS LIMITED (REGISTERED NUMBER: 05091700)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Period 1 APRIL 2022 TO 27 MARCH 2023

9. RELATED PARTY DISCLOSURES - continued

Included within other debtors due within one year is an amount of £1,585,877 (2022: £1,333,864) owed by connected companies by virtue of a common directorship. These loans are interest free and repayable on demand.

Included within other creditors due within one year are amounts of £34,271 (2022: £458,111 debtor) owed to associate undertakings. These loans are interest free and repayable on demand.