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REGISTERED NUMBER: 07225230 (England and Wales)
























Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Kostic Investment Company Limited

Kostic Investment Company Limited (Registered number: 07225230)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Kostic Investment Company Limited

Company Information
for the Year Ended 31 March 2024







Directors: T Kostic
T A Kostic





Secretary: Mrs P Kostic





Registered office: 62, Park Street
Bridgend
CF31 4BB





Registered number: 07225230 (England and Wales)





Accountants: Curtis Bowden & Thomas Limited
Chartered Certified Accountants
9 Court Road
Bridgend
CF31 1BE

Kostic Investment Company Limited (Registered number: 07225230)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
Fixed assets
Investments 4 100 100
Investment property 5 1,150,056 1,150,056
1,150,156 1,150,156

Current assets
Cash at bank 599,947 551,767

Creditors
Amounts falling due within one year 6 1,389,174 1,390,410
Net current liabilities (789,227 ) (838,643 )
Total assets less current liabilities 360,929 311,513

Capital and reserves
Called up share capital 100 100
Retained earnings 360,829 311,413
Shareholders' funds 360,929 311,513

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 9 October 2024 and were signed on its behalf by:





T Kostic - Director


Kostic Investment Company Limited (Registered number: 07225230)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. Statutory information

Kostic Investment Company 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.

Preparation of consolidated financial statements
The financial statements contain information about Kostic Investment Company Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 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.

3. Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

Kostic Investment Company Limited (Registered number: 07225230)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. Fixed asset investments
Shares in
group
undertakings
£   
Cost
At 1 April 2023
and 31 March 2024 100
Net book value
At 31 March 2024 100
At 31 March 2023 100

The company owns 100% of the share capital in Kostic Property Company Limited

5. Investment property
Total
£   
Fair value
At 1 April 2023
and 31 March 2024 1,150,056
Net book value
At 31 March 2024 1,150,056
At 31 March 2023 1,150,056

6. Creditors: amounts falling due within one year
31.3.24 31.3.23
£    £   
Taxation and social security 16,055 25,472
Other creditors 1,373,119 1,364,938
1,389,174 1,390,410

Kostic Investment Company Limited (Registered number: 07225230)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. Related party disclosures

Included in creditors is £100 (2023 £100) owed to Kostic Property Company Limited.

Kostic Property Company Limited is a subsidiary company, in which Kostic Investment Company Limited holds 100% of the issued share capital.

At the year end, there was an amount of £900,770.42 (2022 £900,523.28 included in other creditors in respect of the amount due to Kostic Development Company Limited:-

Balance 01.04,23 £900,770.42
Amounts advanced £29,994.96
Balance 31.03.23 £930,765.38

The director of Kostic Investment Company Limited, is also a director of Kostic Development Company Limited.














8. Ultimate controlling party

The ultimate controlling party is Kostic Development Trust Fund by virtue of the fact that they hold all of the company's issued share capital.