Registered number
14253746
Kohn Estates Ltd
Filleted Accounts
31 July 2023
Kohn Estates Ltd
Registered number: 14253746
Balance Sheet
as at 31 July 2023
Notes 2023
£
Fixed assets
Investment property 3 578,540
Current assets
Debtors 4 102,653
Cash at bank and in hand 261,542
364,195
Creditors: amounts falling due within one year 5 (582,925)
Net current liabilities (218,730)
Total assets less current liabilities 359,810
Creditors: amounts falling due after more than one year 6 (365,639)
Net liabilities (5,829)
Capital and reserves
Called up share capital 1
Profit and loss account (5,830)
Shareholder's funds (5,829)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J Friedman
Director
Approved by the board on 11 April 2024
Kohn Estates Ltd
Notes to the Accounts
for the period from 25 July 2022 to 31 July 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
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 timing differences.
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.
2 Employees 2023
Number
Average number of persons employed by the company 0
3 Investment property
Total
£
Cost
Additions 578,540
At 31 July 2023 578,540
Depreciation
At 31 July 2023 -
Fair Value & Net Book Value
At 31 July 2023 578,540
The fair value of the investment property has been arrived at on basis of a valuation carried out at the year end by the director. The valuation was made on an open market basis by reference to market evidence of transaction prices for similar properties.
4 Debtors 2023
£
Trade debtors 3,876
Other debtors 98,777
102,653
5 Creditors: amounts falling due within one year 2023
£
Trade creditors 1,923
Other creditors 581,002
582,925
6 Creditors: amounts falling due after one year 2023
£
Bank loans 365,639
The bank loan is secured by way of a legal charge over the investment property of the company.
7 Loans 2023
£
Creditors include:
Amounts payable otherwise than by instalment falling due for payment after more than five years 365,369
8 Other information
Kohn Estates Ltd is a private company limited by shares and incorporated in England. Its registered office is:
16c Urban Hive
Theydon Road
London
E5 9BQ
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