Company Registration No. 11356091 (England and Wales)
Koselig Homes Limited
Unaudited accounts
for the year ended 30 April 2023
Koselig Homes Limited
Unaudited accounts
Contents
Koselig Homes Limited
Company Information
for the year ended 30 April 2023
Directors
Christopher David Jasper
Jean Jasper
Company Number
11356091 (England and Wales)
Registered Office
82 Hartburn Lane
Stockton-on-Tees
Durham
TS18 4EN
England
Accountants
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
Koselig Homes Limited
Accountants' report
Accountants' report to the board of directors of Koselig Homes Limited on the preparation of the unaudited statutory accounts for the year ended 30 April 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Koselig Homes Limited for the year ended
30 April 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Koselig Homes Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Koselig Homes Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Koselig Homes Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Koselig Homes Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Koselig Homes Limited. You consider that Koselig Homes Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Koselig Homes Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
15 December 2023
Koselig Homes Limited
Statement of financial position
as at 30 April 2023
Tangible assets
2,193
2,193
Investment property
125,540
125,540
Cash at bank and in hand
2,059
2,806
Creditors: amounts falling due within one year
(133,977)
(122,636)
Net current liabilities
(131,918)
(119,830)
Total assets less current liabilities
(4,185)
7,903
Creditors: amounts falling due after more than one year
(61,200)
(61,200)
Net liabilities
(65,385)
(53,297)
Called up share capital
100
100
Profit and loss account
(65,485)
(53,397)
Shareholders' funds
(65,385)
(53,297)
For the year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 January 2024 and were signed on its behalf by
Christopher David Jasper
Director
Company Registration No. 11356091
Koselig Homes Limited
Notes to the Accounts
for the year ended 30 April 2023
Koselig Homes Limited is a private company, limited by shares, registered in England and Wales, registration number 11356091. The registered office is 82 Hartburn Lane, Stockton-on-Tees, Durham, TS18 4EN, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. The assets have not been depreciated this year as the Investment Property they are related to is still in the course of construction. Depreciation will be provided in future, at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
33% on cost
4
Tangible fixed assets
Fixtures & fittings
Fair value at 1 May 2022
125,540
Koselig Homes Limited
Notes to the Accounts
for the year ended 30 April 2023
6
Creditors: amounts falling due within one year
2023
2022
Other creditors
131,884
120,776
Loans from directors
1,733
1,500
7
Creditors: amounts falling due after more than one year
2023
2022
8
Transactions with related parties
Included in Creditors < 1 year is a balance of £ 131,884 (2022 - £119,267) to CJ Management Solutions Limited, a related company. Interest of £1,608 (2022 - £1,509) has been included in the balance. The loan is repayable on demand.
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).