Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-312024-08-3122false2023-09-01No description of principal activitytruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09162681 2023-09-01 2024-08-31 09162681 2022-09-01 2023-08-31 09162681 2024-08-31 09162681 2023-08-31 09162681 c:Director2 2023-09-01 2024-08-31 09162681 d:CurrentFinancialInstruments 2024-08-31 09162681 d:CurrentFinancialInstruments 2023-08-31 09162681 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 09162681 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 09162681 d:ShareCapital 2024-08-31 09162681 d:ShareCapital 2023-08-31 09162681 d:RetainedEarningsAccumulatedLosses 2024-08-31 09162681 d:RetainedEarningsAccumulatedLosses 2023-08-31 09162681 c:FRS102 2023-09-01 2024-08-31 09162681 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 09162681 c:FullAccounts 2023-09-01 2024-08-31 09162681 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 09162681 2 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure

Registered number: 09162681









KORPAN LIMITED








FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2024

 
KORPAN LIMITED
REGISTERED NUMBER: 09162681

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2023
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
157,021
157,021

Cash at bank and in hand
 5 
426,537
411,541

  
583,558
568,562

Creditors: amounts falling due within one year
 6 
(5,752)
(2,764)

Net current assets
  
 
 
577,806
 
 
565,798

Total assets less current liabilities
  
577,806
565,798

  

Net assets
  
577,806
565,798


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
577,706
565,698

  
577,806
565,798


Page 1

 
KORPAN LIMITED
REGISTERED NUMBER: 09162681
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2024

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 statement of income and retained earnings 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 by: 




................................................
M Green
Director
Date: 28 August 2025

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

Page 2

 
KORPAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

Korpan Limited is a private company limited by shares. The company is registered in England and Wales and its registered office is Aston House, Cornwall Avenue, London, N3 1LF. The registered number is 09162681.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
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.

 
2.4

Taxation

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.

 
2.5

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.

 
2.6

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.

 
2.7

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.

Page 3

 
KORPAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

3.


Employees

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

Page 4

 
KORPAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

4.


Debtors

2024
2023
£
£


Other debtors
157,021
157,021

157,021
157,021



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
426,537
411,541

426,537
411,541



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
4,207
1,220

Accruals and deferred income
1,545
1,544

5,752
2,764



7.


Related party transactions

Included in other debtors is the amount £7,021 (2021: £7,021) owed by Tatlers LLP, a partnership in which the directors have a shared interest.


8.


Controlling party

The company is controlled by the directors jointly.

 
Page 5