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REGISTERED NUMBER: 01993409 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

K & O PEROS (OXFORD) LIMITED

K & O PEROS (OXFORD) LIMITED (REGISTERED NUMBER: 01993409)

Contents of the Financial Statements
for the year ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


K & O PEROS (OXFORD) LIMITED

Company Information
for the year ended 31 December 2023







Director: Mrs O Peros





Registered office: Cotswold Lodge Hotel
66a Banbury Road
Oxford
Oxfordshire
OX2 6JP





Registered number: 01993409 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

K & O PEROS (OXFORD) LIMITED (REGISTERED NUMBER: 01993409)

Balance Sheet
31 December 2023

31/12/23 31/12/22
Notes £ £ £ £
Fixed assets
Intangible assets 4 18,750 165,690
Tangible assets 5 1,349,785 1,388,515
Investment property 6 7,866,888 7,866,888
9,235,423 9,421,093

Current assets
Debtors 7 1,624,699 1,544,490
Cash at bank 419,889 193,383
2,044,588 1,737,873
Creditors
Amounts falling due within one year 8 338,807 312,295
Net current assets 1,705,781 1,425,578
Total assets less current liabilities 10,941,204 10,846,671

Provisions for liabilities 1,021,673 776,762
Net assets 9,919,531 10,069,909

Capital and reserves
Called up share capital 108 108
Share premium 806,633 806,633
Fair value reserve 9 4,200,452 4,443,438
Retained earnings 4,912,338 4,819,730
9,919,531 10,069,909

K & O PEROS (OXFORD) LIMITED (REGISTERED NUMBER: 01993409)

Balance Sheet - continued
31 December 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 September 2024 and were signed by:





Mrs O Peros - Director


K & O PEROS (OXFORD) LIMITED (REGISTERED NUMBER: 01993409)

Notes to the Financial Statements
for the year ended 31 December 2023


1. Statutory information

K & O Peros (Oxford) Limited 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Following a review of goodwill purchased in 2005, it was decided to fully amortise the remaining negative goodwill balance in 2008.

Goodwill of £150,000 purchased in 1988 has been fully amortised.

Goodwill of £60,000 purchased in 2010 is being amortised evenly over its estimated economic life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Short leasehold - not provided
Improvements to property - not provided
Fixtures and fittings - 25% on reducing balance

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.


K & O PEROS (OXFORD) LIMITED (REGISTERED NUMBER: 01993409)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


2. Accounting policies - continued
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 the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern
The directors have made an assessment of the ability of the company to continue as a going concern and have identified no material uncertainties that may cast a significant doubt on the ability of the company to continue as a going concern for the foreseeable future.

3. Employees and directors

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

4. Intangible fixed assets
Goodwill
£
Cost
At 1 January 2023 185,212
Disposals (239,900 )
At 31 December 2023 (54,688 )
Amortisation
At 1 January 2023 19,522
Charge for year 3,000
Eliminated on disposal (95,960 )
At 31 December 2023 (73,438 )
Net book value
At 31 December 2023 18,750
At 31 December 2022 165,690

K & O PEROS (OXFORD) LIMITED (REGISTERED NUMBER: 01993409)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


5. Tangible fixed assets
Plant and
Land and machinery
buildings etc Totals
£ £ £
Cost
At 1 January 2023 1,762,239 371,223 2,133,462
Additions - 22,879 22,879
Disposals (100 ) (45,363 ) (45,463 )
At 31 December 2023 1,762,139 348,739 2,110,878
Depreciation
At 1 January 2023 466,809 278,138 744,947
Charge for year 34,696 15,275 49,971
Eliminated on disposal - (33,825 ) (33,825 )
At 31 December 2023 501,505 259,588 761,093
Net book value
At 31 December 2023 1,260,634 89,151 1,349,785
At 31 December 2022 1,295,430 93,085 1,388,515

6. Investment property
Total
£
Fair value
At 1 January 2023
and 31 December 2023 7,866,888
Net book value
At 31 December 2023 7,866,888
At 31 December 2022 7,866,888

Fair value at 31 December 2023 is represented by:
£
Valuation in 2016 5,363,978
Valuation in 2017 (66,698 )
Valuation in 2018 (175,000 )
Valuation in 2019 245,237
Cost 2,499,371
7,866,888

Investment property was revalued by the director on an open market basis at 31 December 2023.

K & O PEROS (OXFORD) LIMITED (REGISTERED NUMBER: 01993409)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


7. Debtors: amounts falling due within one year
31/12/23 31/12/22
£ £
Trade debtors 230,600 175,727
Other debtors 1,394,099 1,368,763
1,624,699 1,544,490

8. Creditors: amounts falling due within one year
31/12/23 31/12/22
£ £
Trade creditors 19,670 8,887
Taxation and social security 51,610 55,762
Other creditors 267,527 247,646
338,807 312,295

9. Reserves
Fair value
reserve
£
At 1 January 2023 4,443,438
Deferred tax (242,986 )

At 31 December 2023 4,200,452

10. Other financial commitments

The company has annual commitments under operating leases amounting to £nil.(2022 - £21,600,)

11. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31/12/23 31/12/22
£ £
Mrs O Peros
Balance outstanding at start of year (774 ) 67,326
Amounts advanced 3,240 1,900
Amounts repaid - (70,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,466 (774 )