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REGISTERED NUMBER: 08607391 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Kooples Properties Ltd

Kooples Properties Ltd (Registered number: 08607391)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Kooples Properties Ltd

Company Information
for the Year Ended 31 JULY 2023







DIRECTORS: S Cove
T S Cove





REGISTERED OFFICE: Suite 2c, Brosnan House
175 Darkes Lane
Potters Bar
Hertfordshire
EN6 1BW





REGISTERED NUMBER: 08607391 (England and Wales)





ACCOUNTANTS: The Greene Partnership LLP
Suite 2C, Brosnan House
175 Darkes Lane
Potters Bar
Hertfordshire
EN6 1BW

Kooples Properties Ltd (Registered number: 08607391)

Balance Sheet
31 JULY 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,113,499 1,113,499

CURRENT ASSETS
Debtors 5 4,680,943 4,551,279
Cash at bank and in hand 2,084 9,414
4,683,027 4,560,693
CREDITORS
Amounts falling due within one year 6 4,740,071 4,824,884
NET CURRENT LIABILITIES (57,044 ) (264,191 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,056,455

849,308

CREDITORS
Amounts falling due after more than one year 7 18,303 28,333
NET ASSETS 1,038,152 820,975

CAPITAL AND RESERVES
Called up share capital 900 900
Retained earnings 1,037,252 820,075
SHAREHOLDERS' FUNDS 1,038,152 820,975

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Kooples Properties Ltd (Registered number: 08607391)

Balance Sheet - continued
31 JULY 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 April 2024 and were signed on its behalf by:





S Cove - Director


Kooples Properties Ltd (Registered number: 08607391)

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

1. STATUTORY INFORMATION

Kooples Properties Ltd 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 represents rents, fees and loan interest receivable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - not provided
Fixtures and fittings - 15% on cost

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 2 (2022 - 1 ) .

Kooples Properties Ltd (Registered number: 08607391)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Long and
leasehold fittings Totals
£    £    £   
COST
At 1 August 2022
and 31 July 2023 1,113,499 8,250 1,121,749
DEPRECIATION
At 1 August 2022
and 31 July 2023 - 8,250 8,250
NET BOOK VALUE
At 31 July 2023 1,113,499 - 1,113,499
At 31 July 2022 1,113,499 - 1,113,499

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors - 680
Other debtors 4,680,000 4,550,000
Prepayments 943 599
4,680,943 4,551,279

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 10,000 10,000
Tax 155,823 91,936
Other creditors 4,568,327 4,716,527
Directors' current accounts 1,121 1,621
Accrued expenses 4,800 4,800
4,740,071 4,824,884

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 8,303 18,333
18,303 28,333

Kooples Properties Ltd (Registered number: 08607391)

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

8. RELATED PARTY DISCLOSURES

Other debtors includes an amount of £4,500,000 due from Open Property Finance Limited, a company of which S Cove is a director and shareholder.The loan interest received of £253,000 was from Open Property Finance Limited.

Other debtors includes an amount of £150,000 due from Overnite Bearings Limited, a company controlled by close family members of the directors.

Other debtor includes an amount of £30,000 due from Landlord Buyer Limited, a wholly owned subsidiary of Open Property Finance Limited.

Other creditors includes an amount of £442,497 due to Lanvin Trading Limited, a company of which S Cove is a director and shareholder.

Other creditors includes an amount of £1,926,220 due to Hackett Trading Limited, a company controlled by close family members of the directors.

Other creditors includes an amount of £430,200 due to Calvin Trading Limited, a company controlled by close family members of the directors.

Other creditors includes an amount of £929,410 due to Bayliss Trading Limited, a company controlled by close family members of the directors.

Other creditors includes an amount of £800,000 due to Rosewood Holdings & Investments Limited, a company of which T Cove is a director and shareholder.

Rents received are from Royce Power Transmissions Limited, a company of which S Cove is a director.

9. ULTIMATE CONTROLLING PARTY

The controlling party is the shareholders.