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REGISTERED NUMBER: 07380342 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Korr Ltd

Korr Ltd (Registered number: 07380342)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Korr Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTOR: J Koramshai





REGISTERED OFFICE: 71-75 Shelton Street
London
WC2H 9JQ





BUSINESS ADDRESS: Green Acres
The Street
Poynings
West Sussex
BN45 7AQ





REGISTERED NUMBER: 07380342 (England and Wales)





ACCOUNTANTS: Angela Campbell
Chartered Accountant
3 Maryfield Road
Broughty Ferry
DUNDEE
Tayside
DD5 2JJ

Korr Ltd (Registered number: 07380342)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 527
Investments 5 94 94
94 621

CURRENT ASSETS
Debtors 6 2,544 -
Cash at bank - 429
2,544 429
CREDITORS
Amounts falling due within one year 7 51,354 48,425
NET CURRENT LIABILITIES (48,810 ) (47,996 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(48,716

)

(47,375

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (48,816 ) (47,475 )
SHAREHOLDERS' FUNDS (48,716 ) (47,375 )

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

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

Korr Ltd (Registered number: 07380342)

Balance Sheet - continued
30 June 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 director and authorised for issue on 10 March 2024 and were signed by:





J Koramshai - Director


Korr Ltd (Registered number: 07380342)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Korr 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.

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.

Tangible fixed assets
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses. Depreciation was provided at rates calculated to write off the cost of fixed assets, less their estimate residual value, over their expected useful lives on a straight line basis at 25% per annum. The remaining assets at 30 June 2023 were sold to the director at market value.

At each previous balance sheet date , the company has reviewed the carrying amount of its tangible assets to determine whether there is any indication that any items have suffered an impairment loss. If such indication exists.the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
The following assets and liabilities are classified as financial instruments:- other debtors and other creditors, being the loans from the director, the related party and the subsidiary company to Korr Limited, which are interest free and repayable on demand. These are all measured at the undiscounted amount of the cash expected to be paid or received.

Taxation
Taxation for the year comprises current 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 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.

Going concern basis
The director has continued to support the company over the year whilst work was being sought by advancing monies to meet the company's ongoing expenses. He has intimated he will not demand repayment of this loan, due to the company ceasing trading on 30 June 2023.
.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Korr Ltd (Registered number: 07380342)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 July 2022 7,160
Disposals (7,160 )
At 30 June 2023 -
DEPRECIATION
At 1 July 2022 6,633
Eliminated on disposal (6,633 )
At 30 June 2023 -
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 527

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2022
and 30 June 2023 94
NET BOOK VALUE
At 30 June 2023 94
At 30 June 2022 94

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Other debtors 2,544 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Amounts owed to group undertakings 16,207 16,207
Other creditors 35,147 32,218
51,354 48,425

Korr Ltd (Registered number: 07380342)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

8. RELATED PARTY DISCLOSURES

The company has received an interest free loan of £16.207 (2022 - £16,207 ) repayable on demand from KorLet Dundee Limited, the subsidiary company.

The balance due at the year end to Korpp Limited, a related party, by the company was £25,092 (2022 - 25,092).. This loan is interest free and repayable on demand.