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Company registration number:
11166886
Kaloshii Properties Management Ltd.
Unaudited Financial Statements for the year ended
31 March 2024
Kaloshii Properties Management Ltd.
Officers and Professional Advisers
Year ended
31 March 2024
Director
Mr V Olaku
Registered office
4 Ethelbert House
Homerton Road
London
E9 5PL
United Kingdom
Accountant
JAYJAY Accountancy Services Ltd
80A Edward Street
Deptford
London
London
SE8 5HB
United Kingdom
Kaloshii Properties Management Ltd.
Director's Report
Year ended
31 March 2024
The director presents the report and the unaudited
financial statements
of the company for the year ended 31 March 2024.

Directors

The director who served the company during the year was as follows:
Mr V Olaku

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on
11 September 2024
and signed on behalf of the board by:
Mr V Olaku
Director
Kaloshii Properties Management Ltd.
Report to the board of directors on the preparation of the unaudited statutory financial statements of Kaloshii Properties Management Ltd.
Year ended
31 March 2024
As described on the statement of financial position, the Board of Directors of
Kaloshii Properties Management Ltd.
are responsible for the preparation of the
financial statements
for the year ended
31 March 2024
, which comprise the income statement, statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
JAYJAY Accountancy Services Ltd
80A Edward Street
Deptford
London
London
SE8 5HB
United Kingdom
Date:
11 September 2024
Kaloshii Properties Management Ltd.
Income Statement
Year ended
31 March 2024
20242023
££
Turnover -  
47,456
 
Cost of sales -   (9,416 )
Gross profit -  
38,040
 
Administrative expenses
(5,004
)
(36,960
)
Operating (loss)/profit
(5,004
)
1,080
 
(Loss)/profit before tax
(5,004
)
1,080
 
Tax on (loss)/profit -   -  
(Loss)/profit for the financial year
(5,004
)
1,080
 
The company has no other recognised items of income or expense other than the results for the year as set out above.
Kaloshii Properties Management Ltd.
Statement of Financial Position
31 March 2024
20242023
Note££
Current assets    
Cash at bank and in hand
(2
)
(189
)
Creditors: amounts falling due within one year 5
(14,450
)
(5,000
)
Net current liabilities
(14,452
)
(5,189
)
Total assets less current liabilities (14,452 ) (5,189 )
Creditors: amounts falling due after more than one year 6
(8,642
)
(12,901
)
Net liabilities
(23,094
)
(18,090
)
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
(23,194
)
(18,190
)
Shareholders deficit
(23,094
)
(18,090
)
For the year ending
31 March 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
financial statements
have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
These
financial statements
were approved by the board of directors and authorised for issue on
11 September 2024
, and are signed on behalf of the board by:
Mr V Olaku
Director
Company registration number:
11166886
Kaloshii Properties Management Ltd.
Notes to the Financial Statements
Year ended
31 March 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
4 Ethelbert House
,
Homerton Road
,
London
,
E9 5PL
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4 Average number of employees

The average number of persons employed by the company during the year was Nil (2023: Nil).

5 Creditors: amounts falling due within one year

20242023
££
Other creditors
14,450
 
5,000
 

6 Creditors: amounts falling due after more than one year

20242023
££
Bank loans and overdrafts
8,642
 
12,901