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REGISTERED NUMBER: 12063034 (England and Wales)


Kuzey London Limited
T/A
Oli Food Centre

Abridged Unaudited Financial Statements

for the Year Ended 31 March 2025






Kuzey London Limited (Registered number: 12063034)
T/A Oli Food Centre






Contents of the Financial Statements
for the year ended 31 March 2025




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


Kuzey London Limited
T/A Oli Food Centre

Company Information
for the year ended 31 March 2025







DIRECTOR: Mr A Kara





REGISTERED OFFICE: Unit 2
332-334 Walworth Road
London
SE17 2NA





REGISTERED NUMBER: 12063034 (England and Wales)





ACCOUNTANTS: Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Kuzey London Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Kuzey London Limited for the year ended 31 March 2025 which comprise the Abridged Income Statement, Statement of Financial Position 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Kuzey London Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Kuzey London Limited and state those matters that we have agreed to state to the director of Kuzey London Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kuzey London Limited and its director for our work or for this report.

It is your duty to ensure that Kuzey London 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 profit of Kuzey London Limited. You consider that Kuzey London Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Kuzey London 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.






Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU


20 June 2025

Kuzey London Limited (Registered number: 12063034)
T/A Oli Food Centre

Statement of Financial Position
31 March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 41,332 27,994

CURRENT ASSETS
Inventories 5 358,669 208,915
Debtors 6 380,473 398,485
Cash at bank and in hand 164,055 192,372
903,197 799,772
CREDITORS
Amounts falling due within one year 7 529,564 462,628
NET CURRENT ASSETS 373,633 337,144
TOTAL ASSETS LESS CURRENT
LIABILITIES

414,965

365,138

CREDITORS
Amounts falling due after more than one
year

8

(7,773

)

(17,568

)

PROVISIONS FOR LIABILITIES 9 (9,824 ) (6,393 )
NET ASSETS 397,368 341,177

Kuzey London Limited (Registered number: 12063034)
T/A Oli Food Centre

Statement of Financial Position - continued
31 March 2025

2025 2024
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 397,268 341,077
SHAREHOLDERS' FUNDS 397,368 341,177

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

All the members have consented to the preparation of an abridged Income Statement for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 June 2025 and were signed by:





Mr A Kara - Director


Kuzey London Limited (Registered number: 12063034)
T/A Oli Food Centre

Notes to the Financial Statements
for the year ended 31 March 2025

1. STATUTORY INFORMATION

Kuzey London Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 historical cost convention.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is generated from the ordinary activities of the business and is recognised when customer takes delivery of the goods.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - straight line over the life of the lease
Plant and machinery - 20% on reducing balance
Motor vehicles - 20% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is determined on first in first out basis. Net realisable value is the selling price of the items less any cost to sell.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.


Kuzey London Limited (Registered number: 12063034)
T/A Oli Food Centre

Notes to the Financial Statements - continued
for the year ended 31 March 2025

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 have been enacted or substantively enacted by the year end 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 probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2024 - 33 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2024 2,907 54,787 57,694
Additions - 23,550 23,550
At 31 March 2025 2,907 78,337 81,244
DEPRECIATION
At 1 April 2024 484 29,216 29,700
Charge for year 388 9,824 10,212
At 31 March 2025 872 39,040 39,912
NET BOOK VALUE
At 31 March 2025 2,035 39,297 41,332
At 31 March 2024 2,423 25,571 27,994

Kuzey London Limited (Registered number: 12063034)
T/A Oli Food Centre

Notes to the Financial Statements - continued
for the year ended 31 March 2025

5. INVENTORIES
2025 2024
£    £   
Stocks 358,669 208,915

6. DEBTORS
2025 2024
£    £   
Amounts falling due within one year:
Trade debtors 21,577 36,844
Lavin Invest. Properties Ltd 300,000 300,000
VAT 9,807 13,357
Prepayments 34,089 33,284
365,473 383,485

Amounts falling due after more than one year:
Rent deposit 15,000 15,000

Aggregate amounts 380,473 398,485

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 9,133 9,133
Trade creditors 199,912 117,776
Tax 38,732 46,908
Social security and other taxes 3,216 2,206
Karaca Ltd 198,173 199,308
Net wages control account 12,508 18,684
Pensions control account 959 617
Directors' current accounts 58,201 58,701
Accrued expenses 8,730 9,295
529,564 462,628

Kuzey London Limited (Registered number: 12063034)
T/A Oli Food Centre

Notes to the Financial Statements - continued
for the year ended 31 March 2025

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans - 1-2 years 7,773 9,133
Bank loans - 2-5 years - 8,435
7,773 17,568

9. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 9,824 6,393

Deferred
tax
£   
Balance at 1 April 2024 6,393
Charge to Income Statement during year 3,431
Balance at 31 March 2025 9,824

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
100 Ordinary £1 100 100

11. RESERVES
Retained
earnings
£   

At 1 April 2024 341,077
Profit for the year 126,191
Dividends (70,000 )
At 31 March 2025 397,268

Kuzey London Limited (Registered number: 12063034)
T/A Oli Food Centre

Notes to the Financial Statements - continued
for the year ended 31 March 2025

12. RELATED PARTY DISCLOSURES

Persons with significant influence

Company owes £58,201 (2024:£58,701) to related party at the balance sheet date. An interest free loan payable on demand and is presented within creditors' note.

Entities with control, joint control or significant influence over the entity

1. Amounts due from related party at balance sheet date £300,000 (2024:£300,000). An interest-free loan is repayable on demand and is presented within debtors' note.

2. Amounts due to related party at balance sheet date £198,173 (2024:£199,308). An interest-free loan is payable on demand and is presented within creditors' note.