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Registered Number: 12907152
England and Wales

 

 

 


Report of the Directors and Unaudited Financial Statements

for the year ended 30 September 2024

for

KOOL-POINT PROPERTIES LTD

 
 
 
£
2024
£
   
£
2023
£
Called up share capital not paid 1  1 
Fixed assets 601,897  68,811 
Current assets 107,321  65,910 
Creditors: amount falling due within one year (212,733) (45,979)
Net current assets (105,412) 19,931 
Total assets less current liabilities 496,486  88,743 
Creditors: amount falling due after more than one year (513,417) (94,210)
Net assets (16,931) (5,467)
 
Capital and reserves (16,931) (5,467)
 
  1. For the year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
  2. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.
  3. 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 in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Signed on behalf of the board of directors:


----------------------------------
Kenny Olufemi Olayiwola
Director

Date approved: 23 January 2025
1
Statutory Information
KOOL-POINT PROPERTIES LTD is a private limited company, limited by shares, domiciled in England and Wales, registration number 12907152, registration address 104 Middle Leaford, Stechford, Birmingham, United Kingdom, B34 6HA.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 105 Financial Reporting Standard for Micro Entities (effective January 2016).
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
2.

Tangible fixed assets

Cost or Valuation Freehold property   Total
  £   £
At 01 October 2023 68,811    68,811 
Additions 533,086    533,086 
At 30 September 2024 601,897    601,897 
Depreciation
At 01 October 2023  
At 30 September 2024  
Net book values
Closing balance as at 30 September 2024 601,897    601,897 
Opening balance as at 01 October 2023 68,811    68,811 

3.

Average number of employees

Average number of employees during the year was 1  (2023: 1).
2