Registered number
12097977
Koralondon Ltd
Filleted Accounts
31 July 2024
Koralondon Ltd
Registered number: 12097977
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Current assets
Investments held as current assets 3 14,921 15,000
Cash at bank and in hand 287 270
15,208 15,270
Creditors: amounts falling due within one year 4 (11,033) (4,257)
Net current assets 4,175 11,013
Total assets less current liabilities 4,175 11,013
Creditors: amounts falling due after more than one year 5 (13,333) (18,333)
Net liabilities (9,158) (7,320)
Capital and reserves
Called up share capital 100 100
Profit and loss account (9,258) (7,420)
Shareholders' funds (9,158) (7,320)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Cuneyt Basaran
Director
Approved by the board on 29 November 2024
Koralondon Ltd
Notes to the Accounts
for the year ended 31 July 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 rendering of services.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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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 corporation tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A corporation tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.Corporation tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Investments held as current assets 2024 2023
£ £
Fair value
Unlisted investments 14,921 15,000
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 3,060 2,256
Other creditors 7,973 2,001
11,033 4,257
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 13,333 18,333
6 Other information
Koralondon Ltd is a private company limited by shares and incorporated in England. Its registered office is:
167-169 Great Portland Street
5th Floor
London
W1W 5PF
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