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REGISTERED NUMBER: 07712194 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Okono Ltd

Okono Ltd (Registered number: 07712194)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Okono Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTOR: P Stanyer





REGISTERED OFFICE: Bank House
Southwick Square
Southwick
West Sussex
BN42 4FN





REGISTERED NUMBER: 07712194 (England and Wales)





ACCOUNTANTS: Style Accountants Limited
Bank House
Southwick Square
Southwick
West Sussex
BN42 4FN

Okono Ltd (Registered number: 07712194)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 15,405 8,411
15,405 8,411

CURRENT ASSETS
Cash at bank 26,251 55,270

CREDITORS
Amounts falling due within one year 6 8,039 26,519
NET CURRENT ASSETS 18,212 28,751
TOTAL ASSETS LESS CURRENT
LIABILITIES

33,617

37,162

CREDITORS
Amounts falling due after more than one
year

7

7,500

12,500
NET ASSETS 26,117 24,662

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 26,017 24,562
SHAREHOLDERS' FUNDS 26,117 24,662

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

Okono Ltd (Registered number: 07712194)

Balance Sheet - continued
30 June 2024


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 29 January 2025 and were signed by:





P Stanyer - Director


Okono Ltd (Registered number: 07712194)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Okono Ltd 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 5,779
DEPRECIATION
At 1 July 2023
and 30 June 2024 5,779
NET BOOK VALUE
At 30 June 2024 -

Okono Ltd (Registered number: 07712194)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 July 2023 8,411
Revaluations 6,994
At 30 June 2024 15,405
NET BOOK VALUE
At 30 June 2024 15,405
At 30 June 2023 8,411

Cost or valuation at 30 June 2024 is represented by:

Other
investments
£   
Valuation in 2022 (11,655 )
Valuation in 2023 2,066
Valuation in 2024 6,994
Cost 18,000
15,405

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 5,000 5,004
Trade creditors 88 64
Taxation and social security 2,051 20,250
Other creditors 900 1,201
8,039 26,519

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans 7,500 12,500