Komen Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02233539 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Komen Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R Komen

Mrs. C H Komen

SECRETARY:

Mrs. C H Komen

REGISTERED OFFICE:

Stable Cottage

Marlow Road

Maidenhead

Berkshire

SL6 6NR

REGISTERED NUMBER:

02233539 (England and Wales)

ACCOUNTANT:

Ian S Anderson, Chartered Accountant

Greengarth

Thicket Grove

Maidenhead

Berkshire

SL6 4LW

FIXED ASSETS

Tangible assets

4

89

105

Investment property

5

550,000

550,089

550,105

CURRENT ASSETS

Debtors

6

9,040

12,562

Cash at bank

28,588

20,874

37,628

33,436

CREDITORS

Amounts falling due within one year

7

138,340

130,977

NET CURRENT LIABILITIES

(100,712

)

(97,541

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

449,377

452,564

PROVISIONS FOR LIABILITIES

8

70,313

70,316

NET ASSETS

379,064

382,248

CAPITAL AND RESERVES

Called up share capital

9

100

Retained earnings

378,964

382,148

SHAREHOLDERS' FUNDS

379,064

382,248

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 directors acknowledge their 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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 30 December 2025 and were signed on its behalf by:

R Komen - Director

1.	STATUTORY INFORMATION

Komen 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.

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 as modified by the revaluation of certain assets.

The financial statements have been prepared on a going concern basis. The directors are of the opinion that the company will trade satisfactorily going forward and that the going concern basis is appropriate. In coming to this decision the directors are mindful of both Brexit and the implications of Covid-19.

Turnover

Turnover represents revenues recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost and 15% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

16,773

DEPRECIATION

At 1 April 2024

16,668

Charge for year

16

At 31 March 2025

16,684

NET BOOK VALUE

At 31 March 2025

89

At 31 March 2024

105

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

550,000

NET BOOK VALUE

At 31 March 2025

550,000

At 31 March 2024

550,000

The directors have reviewed the valuation for reasonableness based on current market conditions and remain confident it is fairly stated above.

Fair value at 31 March 2025 is represented by:

£

Valuation in 2017

217,671

Valuation in 2019

225,000

Cost

107,329

550,000

If the investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

Cost

107,329

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

7,200

10,727

Other debtors

1,840

1,835

9,040

12,562

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Taxation and social security

16,049

8,726

Other creditors

122,291

122,251

138,340

130,977

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

Deferred tax

Accelerated capital allowances

17

20

Deferred tax investment

property

70,296

70,313

70,316

Deferred

tax

£

Balance at 1 April 2024

70,316

Credit to Income Statement during year

(3

)

Balance at 31 March 2025

70,313

9.	CALLED UP SHARE CAPITAL

Allotted, called up and fully paid:

Number

Class

Nominal

2017

2016

value

£

40

A Ord. shares

£1

40

B Ord. shares

£1

40

10

C Ord. shares

£1

10

D Ord. shares

£1

10

100

10.	RELATED PARTY DISCLOSURES

At the year end the balance owing to the directors was £112,296 (2024 £108,696).

11.	ULTIMATE CONTROLLING PARTY

The company is under the control of the directors.