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Company Registration No. 14142184 (England and Wales)
Korzet Developments Limited Unaudited accounts for the year ended 31 May 2024
Korzet Developments Limited Unaudited accounts Contents
Page
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Korzet Developments Limited Company Information for the year ended 31 May 2024
Director
Sayed Jalal Agha
Company Number
14142184 (England and Wales)
Registered Office
Suite 4 Unimix House Abbey Road Park Royal London NW10 7TR England
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Korzet Developments Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
2,740,000 
2,740,000 
Current assets
Debtors
1,200,000 
- 
Cash at bank and in hand
49,237 
80,833 
1,249,237 
80,833 
Creditors: amounts falling due within one year
(4,200)
(5,196)
Net current assets
1,245,037 
75,637 
Total assets less current liabilities
3,985,037 
2,815,637 
Creditors: amounts falling due after more than one year
(4,023,090)
(2,813,142)
Net (liabilities)/assets
(38,053)
2,495 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(38,054)
2,494 
Shareholders' funds
(38,053)
2,495 
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 February 2025 and were signed on its behalf by
Sayed Jalal Agha Director Company Registration No. 14142184
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Korzet Developments Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Korzet Developments Limited is a private company, limited by shares, registered in England and Wales, registration number 14142184. The registered office is Suite 4 Unimix House Abbey Road, Park Royal, London, NW10 7TR, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Investment property
2024 
£ 
Fair value at 1 June 2023
2,740,000 
At 31 May 2024
2,740,000 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Other debtors
1,200,000 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
- 
996 
Deferred income
4,200 
4,200 
4,200 
5,196 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
4,023,090 
2,813,142 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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