Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2Property development2023-04-01falsetruefalse 11666191 2023-04-01 2024-03-31 11666191 2022-04-01 2023-03-31 11666191 2024-03-31 11666191 2023-03-31 11666191 c:Director1 2023-04-01 2024-03-31 11666191 d:CurrentFinancialInstruments 2024-03-31 11666191 d:CurrentFinancialInstruments 2023-03-31 11666191 d:Non-currentFinancialInstruments 2024-03-31 11666191 d:Non-currentFinancialInstruments 2023-03-31 11666191 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 11666191 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 11666191 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 11666191 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 11666191 d:ShareCapital 2024-03-31 11666191 d:ShareCapital 2023-03-31 11666191 d:RetainedEarningsAccumulatedLosses 2024-03-31 11666191 d:RetainedEarningsAccumulatedLosses 2023-03-31 11666191 c:FRS102 2023-04-01 2024-03-31 11666191 c:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 11666191 c:FullAccounts 2023-04-01 2024-03-31 11666191 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11666191 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 11666191









CONAKRY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
CONAKRY LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF CONAKRY LIMITED
FOR THE YEAR ENDED 31 MARCH 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Conakry Limited for the year ended 31 March 2024 which comprise  the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of Conakry Limited, as a body, in accordance with the terms of our engagement letter dated 7 September 2021Our work has been undertaken solely to prepare for your approval the financial statements of Conakry Limited and state those matters that we have agreed to state to the Board of Directors of Conakry Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Conakry Limited and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that Conakry Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Conakry Limited. You consider that Conakry Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Conakry Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Nyman Libson Paul LLP
 
Chartered Accountants
  
124 Finchley Road
London
NW3 5JS
5 March 2025
Page 1

 
CONAKRY LIMITED
REGISTERED NUMBER: 11666191

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

Current assets
  

Stocks
  
3,903,772
3,944,960

Debtors: amounts falling due within one year
 4 
10,916
25,454

  
3,914,688
3,970,414

Creditors: amounts falling due within one year
 5 
(3,883,824)
(3,924,122)

Net current assets
  
 
 
30,864
 
 
46,292

Total assets less current liabilities
  
30,864
46,292

Creditors: amounts falling due after more than one year
 6 
(992,460)
(992,460)

  

Net liabilities
  
(961,596)
(946,168)


Capital and reserves
  

Called up share capital 
  
102
102

Profit and loss account
  
(961,698)
(946,270)

  
(961,596)
(946,168)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 5 March 2025.

A J A Misso
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
CONAKRY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

The company is a private company limited by shares and incorporated by shares and incorporated in England and Wales. The company's registered office address is 124 Finchley Road, London, England, NW3 5JS.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis based on the continued support of the company's principal creditor and shareholder, which will enable to company to meet its forecast liabilities as they fall due.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
CONAKRY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price lesscosts to complete and sell. Cost comprises expenditure incurred directly in developing the stock to their current condition.
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.6

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.7

Creditors

Short term creditors are measured at the transaction price.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Debtors

2024
2023
£
£


Tax recoverable
10,916
25,454

10,916
25,454


Page 4

 
CONAKRY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
14,064
-

Other creditors
3,859,760
3,915,122

Accruals and deferred income
10,000
9,000

3,883,824
3,924,122


Included in other creditors due within one year is £257,109 (2023 - £257,109) which is secured against a property held by an entity under common control.


6.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Trade creditors
992,460
992,460

992,460
992,460


Included in other creditors due after more than one year in £992,460 (2023 - £992,460) which is secured against a property held by an entity under common control.


7.


Related party transactions

Included in other creditors is an interest free loan repayable on demand to the value of £3,283,184 (2023 - £3,283,184) owed to the company's shareholder.
Also included in other creditors is a loan repayable on demand to the value of £319,467 (2023 - £374,829) owed to an entity under common control.

 
Page 5