KOE VENTURES LIMITED
Exception report
for the year ended 30 June 2024
The following differences exist between the previous year's closing balances per the accounts and the
current year's opening balances per the Trial Balance:
Reserves
Opening balance at
1 July 2023 per TB
Balance at 30 June
2023 per accounts
Difference
£ £ £
Share premium reserve (Account 969) 3 3 -
Other reserves (Accounts 971, 972,
973, 974)
31,661 10,935 20,726
Profit and loss account (Account 968) (1,520) (1,520) -
30,144 9,418 20,726
This page does not form part of the statutory financial statements.
Company registration number: 12054026
Unaudited financial statements
for the year ended 30 June 2024
for
KOE VENTURES LIMITED
Pages for filing with the Registrar
Company registration number: 12054026
KOE VENTURES LIMITED
Balance sheet
as at 30 June 2024
2024 2023
Note £ £ £ £
Fixed assets
Investment property 4 291,000 265,412
291,000 265,412
Current assets
Cash at bank and in hand 4,641 12,940
4,641 12,940
Creditors: amounts falling due within one
year
(200) (200)
Net current assets 4,441 12,740
Total assets less current liabilities 295,441 278,152
Creditors: Amounts falling due after more
than one year
5 (258,291) (266,169)
Provisions for liabilities (7,427) (2,565)
NET ASSETS 29,723 9,418
Capital and reserves
Share premium account 3 3
Other reserves 31,661 10,935
Profit and loss account (1,941) (1,520)
TOTAL EQUITY 29,723 9,418
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 30 June 2024.
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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 12054026
KOE VENTURES LIMITED
Balance sheet - continued
as at 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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 20 March 2025 and signed on its behalf by:
Mr E Apeadu, Director
20 March 2025
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KOE VENTURES LIMITED
Notes to the financial statements
for the year ended 30 June 2024
1 Company information
KOE VENTURES LIMITED is a private company registered in England and Wales. Its registered number is 12054026. The company is limited by shares. Its registered office is International House, 12 Constance Street, London, London, E16 2DQ.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Investment property
Investment property is shown at its most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
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KOE VENTURES LIMITED
Notes to the financial statements - continued
for the year ended 30 June 2024
2 Accounting policies - continued
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that been enacted or substantively enacted by the balance sheet date and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
3 Average number of employees
During the year the average number of employees was Nil (2023 - Nil).
4 Investment property
£
Valuation
At 1 July 2023 265,412
Revaluations 25,588
At 30 June 2024 291,000
5 Creditors: amounts falling due after more than five years
2024 2023
£ £
Repayable otherwise than by instalments
Other creditors 258,291 265,909
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