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Registered number: 09647705

Kornlik Limited

ACCOUNTS
FOR THE YEAR ENDED 30/06/2024

Prepared By:
Albeck Limited
Chartered Accountants
49 Mowbray Road
Edgware
Middlesex
HA8 8JL

Kornlik Limited

ACCOUNTS
FOR THE YEAR ENDED 30/06/2024
DIRECTORS
David Kuflik
REGISTERED OFFICE
17 Lampard Grove
London
N16 6XA
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 09647705
BANKERS
HSBC
ACCOUNTANTS
Albeck Limited
Chartered Accountants
49 Mowbray Road
Edgware
Middlesex
HA8 8JL

Kornlik Limited

ACCOUNTS
FOR THEYEARENDED30/06/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Kornlik Limited

BALANCE SHEET AT 30/06/2024
20242023
Notes££
FIXED ASSETS
Tangible assets2,242,9071,580,000
Investment Assets210-
2,242,9171,580,000
CURRENT ASSETS
Debtors441,65226,130
Cash at bank and in hand18,02220,658
59,67446,788
CREDITORS: Amounts falling due within one year5371,070166,658
NET CURRENT LIABILITIES(311,396)(119,870)
TOTAL ASSETS LESS CURRENT LIABILITIES1,931,5211,460,130
CREDITORS: Amounts falling due after more than one year61,748,6121,261,181
PROVISIONS FOR LIABILITIES AND CHARGES849,44049,440
NET ASSETS133,469149,509
CAPITAL AND RESERVES
Called up share capital911
Profit and loss account133,468149,508
SHAREHOLDERS' FUNDS133,469149,509
For the year ending 30/06/2024 the company was entitled to exemption 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 directors acknowledge their 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 11/02/2025 and signed on their behalf by
.............................
David Kuflik
Director

Kornlik Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/06/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Investment Properties
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view.
1c. Investments
Fixed asset investments are shown at cost less amounts written off.
Provisions are made for permanent fluctuations in value.
2. FINANCIAL ASSETS
Shares in group companies
and participating interestsTotal
££
Cost
Additions1010
At 30/06/20241010
Amortisation
Net Book Amounts
At 30/06/20241010
The company holds 10 £1 Ordinary Shares in Bestdeal Properties Limited (company number 04771058) which represents 100% of the issued and called up, voting share capital. At 31 May 2024, Bestdeal Properties Limited's net assets were £192,088 (2023: £190,690) and its profit after tax for the year end ended was £1,398 (2023: £54,630).

Kornlik Limited

3. INVESTMENT PROPERTIES
Investment
PropertiesTotal
££
Fair value
At 01/07/20231,580,0001,580,000
Additions662,907662,907
At 30/06/20242,242,9072,242,907
4. DEBTORS 20242023
££
Amounts falling due within one year
Prepayments41,65226,130
41,65226,130
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
Other creditors369,390165,098
Accruals1,6801,560
371,070166,658
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Bank loans (unsecured) >1yr38,71544,671
Bank loans (secured) >1yr1,709,8971,216,510
1,748,6121,261,181

Kornlik Limited

7. EMPLOYEES
20242023
No.No.
Average number of employees--
8. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation49,44049,440
49,44049,440
9. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
1 Ordinary shares of £1 each11
11
10. CONTROLLING PARTY
The company is controlled by David Kuflik by virtue of the fact that he holds 100% of the company's issued and called up, voting share capital.
11. RELATED PARTY TRANSACTIONS
During the year, certain loans were advanced to the company by David Kuflik, the director. The loans are interest free and repayable on demand. At the year end, the balance due to the director totalled £5,451 (2023: £5,451).