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COMPANY REGISTRATION NUMBER: 13772865
Kopas Investment Ltd
Filleted Unaudited Financial Statements
30 November 2023
Kopas Investment Ltd
Financial Statements
Year ended 30 November 2023
Contents
Page
Chartered certified accountants report to the board of directors on the preparation of the unaudited statutory financial statements
1
Statement of financial position
2
Notes to the financial statements
4
Kopas Investment Ltd
Chartered Certified Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Kopas Investment Ltd
Year ended 30 November 2023
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 30 November 2023, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
COMPLETE ACCOUNTING SOLUTIONS Chartered Certified Accountants
727-729 High Road London N12 0BP
Kopas Investment Ltd
Statement of Financial Position
30 November 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
4
512,035
41,500
Current assets
Debtors
5
255
100
Cash at bank and in hand
14,810
3,500
--------
-------
15,065
3,600
Creditors: amounts falling due within one year
6
311,785
45,720
---------
--------
Net current liabilities
296,720
42,120
---------
--------
Total assets less current liabilities
215,315
( 620)
Creditors: amounts falling due after more than one year
7
214,980
---------
----
Net assets/(liabilities)
335
( 620)
---------
----
Capital and reserves
Called up share capital
100
100
Profit and loss account
235
( 720)
----
----
Shareholders funds/(deficit)
335
( 620)
----
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Kopas Investment Ltd
Statement of Financial Position (continued)
30 November 2023
These financial statements were approved by the board of directors and authorised for issue on 23 August 2024 , and are signed on behalf of the board by:
P Koti
Director
Company registration number: 13772865
Kopas Investment Ltd
Notes to the Financial Statements
Year ended 30 November 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 727-729 High Road, London, N12 0BP.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity .
Investment properties
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.
Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Going concern
In our opinion, on the basis of information and enquiries that are pertinent to the company's circumstances and which we believe to be adequate, it is appropriate to continue to treat the company as a going concern. In particular we believe that adequate cash resources will be available to cover the company's requirements for working capital for at least twelve months from the date of signing the financial statements.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date .
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
4. Tangible assets
Freehold property
£
Cost
At 1 December 2022
41,500
Additions
470,535
---------
At 30 November 2023
512,035
---------
Depreciation
At 1 December 2022 and 30 November 2023
---------
Carrying amount
At 30 November 2023
512,035
---------
At 30 November 2022
41,500
---------
The freehold property has not been revalued for fair value at the balance sheet date as the property was purchased during the period, therefore there is no difference to the value stated at the balance sheet date .
5. Debtors
2023
2022
£
£
Other debtors
255
100
----
----
6. Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
55
Other creditors
311,730
45,720
---------
--------
311,785
45,720
---------
--------
7. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans
214,980
---------
----
The company has provided security by way of a charge over the properties held in favour of Leek Building Society.