Registered number
09199202
Koon-Lin Properties Limited
Filleted Accounts
31 December 2024
Koon-Lin Properties Limited
Registered number: 09199202
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 269,771 270,198
Current assets
Debtors 4 2,947 1,827
Cash at bank and in hand 490 4,379
3,437 6,206
Creditors: amounts falling due within one year 5 (118,737) (122,527)
Net current liabilities (115,300) (116,321)
Total assets less current liabilities 154,471 153,877
Creditors: amounts falling due after more than one year 6 (150,000) (150,000)
Net assets 4,471 3,877
Capital and reserves
Called up share capital 300 300
Profit and loss account 4,171 3,577
Shareholders' funds 4,471 3,877
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
K L Lee
Director
Approved by the board on 29 August 2025
Koon-Lin Properties Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents rental income receivable.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than investment properties, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Furniture and fittings 100% in the year of acquisition
Office equipment 25% on cost
Investment properties, including long-leasehold properties are not depreciated. The director considers that the lives and residual values of the properties, based on current valuations, are such that any charge to the profit and loss account would be insignificant.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Investment properties Furniture and fittings Office equipment Total
£ £ £ £
Cost
At 1 January 2024 269,718 2,099 1,711 273,528
At 31 December 2024 269,718 2,099 1,711 273,528
Depreciation
At 1 January 2024 - 2,099 1,231 3,330
Charge for the year - - 427 427
At 31 December 2024 - 2,099 1,658 3,757
Net book value
At 31 December 2024 269,718 - 53 269,771
At 31 December 2023 269,718 - 480 270,198
4 Debtors 2024 2023
£ £
Other debtors 2,947 1,827
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors - 1,052
Corporation tax 942 1,119
Other taxes and social security costs 1,000 1,000
Other creditors 116,795 119,356
118,737 122,527
6 Creditors: amounts falling due after one year 2024 2023
£ £
Director's loan 150,000 150,000
7 Other information
Koon-Lin Properties Limited is a private company limited by shares and incorporated in England. Its registered office is:
454 Ewell Road
Surbiton
KT6 7EL
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