Koru London Limited


Director	Burgering, Adrian Robert


Registered Address	Grove House
	2 Woodberry Grove
	London
	N12 0DR


Registered Number	10914098 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		27,823,826		29,102,498
			27,823,826		29,102,498
Current assets
Debtors	4	1,376,502		1,734,301
Cash at bank and on hand		123,543		160,152
		1,500,045		1,894,453
Creditors amounts falling due within one year	5	(154,708)		(246,997)
Net current assets (liabilities)			1,345,337		1,647,456
Total assets less current liabilities			29,169,163		30,749,954
Creditors amounts falling due after one year	6		(19,444,837)		(20,366,266)
Net assets			9,724,326		10,383,688
Capital and reserves
Called up share capital			9,941,750		9,941,750
Other reserves			1,933,592		1,933,592
Profit and loss account			(2,151,016)		(1,491,654)
Shareholders' funds			9,724,326		10,383,688

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
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 for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 22 September 2025, and are signed on its behalf by:

Burgering, Adrian Robert
Director
Registered Company No. 10914098

Koru London Limited

Notes to the Financial Statements
for the period ended 31 December 2024

1.	Accounting policies

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

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	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).

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Finance costs
	Finance costs charged to the profit or loss include interest expense calculated using the effective interest method from FRS 102:11, finance charges on finance leases, and exchange differences on foreign currency borrowings where these are treated as an adjustment to interest costs.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

2.	Average number of employees


		2024		2023
	Average number of employees during the year	2		2

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 31 December 23	29,068,758	4,676	31,942	6,126	29,111,502
Additions	-	-	7,500	-	7,500
Disposals	(1,255,000)	-	(31,942)	-	(1,286,942)
At 31 December 24	27,813,758	4,676	7,500	6,126	27,832,060
Depreciation and impairment
At 31 December 23	-	3,450	2,661	2,893	9,004
Charge for year	-	245	1,000	646	1,891
On disposals	-	-	(2,661)	-	(2,661)
At 31 December 24	-	3,695	1,000	3,539	8,234
Net book value
At 31 December 24	27,813,758	981	6,500	2,587	27,823,826
At 30 December 23	29,068,758	1,226	29,281	3,233	29,102,498

4.	Debtors: amounts due within one year

	2024	2023
	£	£
Trade debtors / trade receivables	13,072	10,784
Amounts owed by group undertakings	500,021	907,714
Other debtors	408,511	255,658
Prepayments and accrued income	454,898	560,145
Total	1,376,502	1,734,301


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

5.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	17,735	33,001
Amounts owed to related parties	63,246	79,181
Taxation and social security	65,999	56,448
Other creditors	969	2,109
Accrued liabilities and deferred income	6,759	76,258
Total	154,708	246,997


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

6.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	19,444,837	20,366,266
Total	19,444,837	20,366,266

7.	Provisions for liabilities

8.	Directors advances, credits and guarantees

	Brought forward	Amount advanced	Amount repaid	Carried forward
	£	£	£	£
Burgering, Adrian Robert	152,943	142,609	100,000	195,552
	152,943	142,609	100,000	195,552


	The director repaid £100,000 within 9 months of the balance sheet date.