Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-311true2023-08-01falseNo description of principal activity1falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12727787 2023-08-01 2024-07-31 12727787 2022-08-01 2023-07-31 12727787 2024-07-31 12727787 2023-07-31 12727787 c:Director1 2023-08-01 2024-07-31 12727787 d:FreeholdInvestmentProperty 2024-07-31 12727787 d:FreeholdInvestmentProperty 2023-07-31 12727787 d:CurrentFinancialInstruments 2024-07-31 12727787 d:CurrentFinancialInstruments 2023-07-31 12727787 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 12727787 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 12727787 d:ShareCapital 2024-07-31 12727787 d:ShareCapital 2023-07-31 12727787 d:InvestmentPropertiesRevaluationReserve 2024-07-31 12727787 d:InvestmentPropertiesRevaluationReserve 2023-07-31 12727787 d:RetainedEarningsAccumulatedLosses 2024-07-31 12727787 d:RetainedEarningsAccumulatedLosses 2023-07-31 12727787 d:AcceleratedTaxDepreciationDeferredTax 2024-07-31 12727787 d:AcceleratedTaxDepreciationDeferredTax 2023-07-31 12727787 c:OrdinaryShareClass1 2023-08-01 2024-07-31 12727787 c:OrdinaryShareClass1 2024-07-31 12727787 c:OrdinaryShareClass1 2023-07-31 12727787 c:FRS102 2023-08-01 2024-07-31 12727787 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 12727787 c:FullAccounts 2023-08-01 2024-07-31 12727787 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 12727787 4 2023-08-01 2024-07-31 12727787 e:PoundSterling 2023-08-01 2024-07-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 12727787









KIZILBOGA 1 LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2024

 
KIZILBOGA 1 LIMITED
REGISTERED NUMBER: 12727787

BALANCE SHEET
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
297,907
297,907

  
297,907
297,907

Current assets
  

Debtors: amounts falling due within one year
 5 
914
953

Cash at bank and in hand
 6 
269
425

  
1,183
1,378

Creditors: amounts falling due within one year
 7 
(70,388)
(77,581)

Net current liabilities
  
 
 
(69,205)
 
 
(76,203)

Total assets less current liabilities
  
228,702
221,704

Provisions for liabilities
  

Deferred tax
 8 
(3,800)
(3,800)

  
 
 
(3,800)
 
 
(3,800)

Net assets
  
224,902
217,904


Capital and reserves
  

Called up share capital 
 9 
100
100

Investment property reserve
  
16,200
16,200

Profit and loss account
  
208,602
201,604

  
224,902
217,904


The director considers 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 director acknowledges his 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 statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1

 
KIZILBOGA 1 LIMITED
REGISTERED NUMBER: 12727787
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2024

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 March 2025.




Ismet Kizilboga
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
KIZILBOGA 1 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

KIZILBOGA 1 LIMITED is a private company limited by share capital, incorporated in England and Wales, registration number 12727787. The address of the registered office is 291 Green Lanes, Palmers Green, London, N13 4XS.

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

Revenue

Rental income 
Rental income from investment properties is recognised on a straight-line basis over the term of the lease. The revenue recognition commences when the tenant take possession or controls the physical use of the lease space.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
KIZILBOGA 1 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.5

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

 
2.6

Investment property

Investment property is carried at fair value determined annually by the director and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

 
KIZILBOGA 1 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Investment property


Freehold investment property

£



Valuation


At 1 August 2023
297,907



At 31 July 2024
297,907

The 2024 valuations were made by Director, on an fair value basis.





5.


Debtors

2024
2023
£
£


Trade debtors
850
850

Other debtors
64
103

914
953


Page 5

 
KIZILBOGA 1 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
269
425

269
425



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
236

Corporation tax
1,641
1,244

Other creditors
68,047
75,401

Accruals and deferred income
700
700

70,388
77,581



8.


Deferred taxation




2024


£






At beginning of year
(3,800)



At end of year
(3,800)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Fair value gains on investment properties
(3,800)
(3,800)

(3,800)
(3,800)


9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



Page 6

 
KIZILBOGA 1 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

9.Share capital (continued)

100 (2023 - 100) ordinary shares of £1.00 each
100
100



10.


Related party transactions

iIncluded within Creditors due within less than one year is loan a amount of £68,047 (2023: £75,401), due to the director from the company. The loan is unsecured, free of interest and repayable on demand.
 

 
Page 7