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REGISTERED NUMBER: 08327167 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

KOIAN LIMITED

KOIAN LIMITED (REGISTERED NUMBER: 08327167)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KOIAN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: K A Barclay





REGISTERED OFFICE: First Floor
Ridgeland House
15 Carfax
Horsham
West Sussex
RH12 1DY





REGISTERED NUMBER: 08327167 (England and Wales)





ACCOUNTANTS: Galloways Accounting
First Floor
Ridgeland House
15 Carfax
Horsham
West Sussex
RH12 1DY

KOIAN LIMITED (REGISTERED NUMBER: 08327167)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 100 447
100 447

CURRENT ASSETS
Debtors 6 71,700 555,423
Cash at bank 1,090 1,945
72,790 557,368
CREDITORS
Amounts falling due within one year 7 1,215,983 1,372,061
NET CURRENT LIABILITIES (1,143,193 ) (814,693 )
TOTAL ASSETS LESS CURRENT LIABILITIES (1,143,093 ) (814,246 )

PROVISIONS FOR LIABILITIES 142,500 -
NET LIABILITIES (1,285,593 ) (814,246 )

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings (1,285,793 ) (814,446 )
(1,285,593 ) (814,246 )

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 his 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 27 December 2024 and were signed by:





K A Barclay - Director


KOIAN LIMITED (REGISTERED NUMBER: 08327167)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Koian 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 Koian 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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

Going concern
At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Additionally, the shareholders will provide financial support for the company should it be required. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 January 2023
and 31 December 2023 10,200
DEPRECIATION
At 1 January 2023
and 31 December 2023 10,200
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

KOIAN LIMITED (REGISTERED NUMBER: 08327167)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023 447
Disposals (347 )
At 31 December 2023 100
NET BOOK VALUE
At 31 December 2023 100
At 31 December 2022 447

6. DEBTORS
31.12.23 31.12.22
£    £   
Amounts falling due within one year:
Amounts owed by group undertakings - 483,723
Other debtors 200 200
200 483,923

Amounts falling due after more than one year:
Other debtors 71,500 71,500

Aggregate amounts 71,700 555,423

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors - 1,050
Other creditors 1,212,983 1,201,983
Accrued expenses 3,000 169,028
1,215,983 1,372,061

8. RELATED PARTY DISCLOSURES

At the year-end, Koian Ltd owed £1,037,984 (2022 - £1,026,984) to a related company of which Koian Ltd is an associate with common key management personnel . This loan is repayable on demand.

At the year-end, Koian Ltd owed £175,000 (2022 - £175,000) to a related company of which a close member of the director's family has control. Koian Ltd and the related company have common key management personnel.

At the year-end, a company in which Koian Ltd has a material interest in owed Koian Ltd £483,723 (2022 - £483,723). Koian Ltd and the related company have common key management personnel. The value of the loan has been written down in full due to uncertainty over payment. This loan is interest free and repayable on demand.