Registered number
11496456
Kemaloglulari Limited
Filleted Accounts
31 August 2024
Kemaloglulari Limited
Registered number: 11496456
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 600,748 304,853
Current assets
Debtors 4 36,832 10,000
Cash at bank and in hand 33,536 30,761
70,368 40,761
Creditors: amounts falling due within one year 5 (450,144) 8,609
Net current (liabilities)/assets (379,776) 49,370
Total assets less current liabilities 220,972 354,223
Creditors: amounts falling due after more than one year 6 (207,703) (353,217)
Net assets 13,269 1,006
Capital and reserves
Called up share capital 24 24
Profit and loss account 13,245 982
Shareholder's funds 13,269 1,006
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.
Mr Mehmet Kemal
Director
Approved by the board on 16 October 2024
Kemaloglulari Limited
Notes to the Accounts
for the year ended 31 August 2024
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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings Not depreciated
Leasehold land and buildings Not depreciated
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 September 2023 304,853
Additions 295,895
At 31 August 2024 600,748
Depreciation
At 31 August 2024 -
Net book value
At 31 August 2024 600,748
At 31 August 2023 304,853
4 Debtors 2024 2023
£ £
Trade debtors 987 -
Other debtors 35,845 10,000
36,832 10,000
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 2,877 230
Other creditors 447,267 (8,839)
450,144 (8,609)
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 207,703 208,695
Other creditors - 144,522
207,703 353,217
7 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 208,695 208,695
Paragon Bank Plc hold a fixex charge over the asset of the Company, 1 Hillsley Court, 8 Elm Road, Sidcup, Kent, DA14 6AB dated 2nd May 2023
8 Other information
Kemaloglulari Limited is a private company limited by shares and incorporated in England. Its registered office is:
The Fold
114 Station Road
Sidcup
Kent
DA15 7AE
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