Registered number
10984037
KARADAG PROPERTIES LIMITED
Filleted Accounts
30 September 2024
KARADAG PROPERTIES LIMITED
Registered number: 10984037
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,918,182 1,918,182
Current assets
Cash at bank and in hand 43,783 249,375
Creditors: amounts falling due within one year 4 (73,989) (78,493)
Net current (liabilities)/assets (30,206) 170,882
Total assets less current liabilities 1,887,976 2,089,064
Creditors: amounts falling due after more than one year 5 (1,582,843) (1,871,805)
Net assets 305,133 217,259
Capital and reserves
Called up share capital 100 100
Profit and loss account 305,033 217,159
Shareholder's funds 305,133 217,259
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.
Huseyin KARADAG
Director
Approved by the board on 5 February 2025
KARADAG PROPERTIES LIMITED
Notes to the Accounts
for the year ended 30 September 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 property income.
Tangible fixed assets
Depreciation is not provided on land and buildings.
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 current 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 Tangible fixed assets
Land & buildings
£
Cost
At 1 October 2023 1,918,182
At 30 September 2024 1,918,182
Depreciation
At 30 September 2024 -
Net book value
At 30 September 2024 1,918,182
At 30 September 2023 1,918,182
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans 46,605 46,605
Trade creditors 804 2,256
Taxation and social security costs 26,580 29,632
73,989 78,493
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 1,334,163 1,303,125
Other creditors 248,680 568,680
1,582,843 1,871,805
6 Other information
KARADAG PROPERTIES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
178-180 Bellenden Road
London
SE15 4BW
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