Company Registration No. 15872165 (England and Wales)
CKO Ventures Ltd
Unaudited accounts
for the period from 2 August 2024 to 31 August 2025
CKO Ventures Ltd
Unaudited accounts
Contents
CKO Ventures Ltd
Company Information
for the period from 2 August 2024 to 31 August 2025
Directors
Chijioke Chukwunonye
Kelechi Chukwunonye
Company Number
15872165 (England and Wales)
CKO Ventures Ltd
Statement of financial position
as at 31 August 2025
Investment property
206,577
Cash at bank and in hand
1,016
Creditors: amounts falling due within one year
(500)
Total assets less current liabilities
207,093
Creditors: amounts falling due after more than one year
(217,571)
Called up share capital
100
Profit and loss account
(10,578)
Shareholders' funds
(10,478)
For the period ending 31 August 2025 the company was entitled to exemption from audit 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 and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 1 May 2026 and were signed on its behalf by
Chijioke Chukwunonye
Director
Company Registration No. 15872165
CKO Ventures Ltd
Notes to the Accounts
for the period from 2 August 2024 to 31 August 2025
CKO Ventures Ltd is a private company, limited by shares, registered in England and Wales, registration number 15872165.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured.
Turnover relating to rental income from investment properties is recognised on a straight-line basis over the period of the lease.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account using the effective interest method so that the amount charged is at a constant rate on the carrying amount.
The directors have assessed the company's ability to operate as a going concern for the 12 months following the date of signing the financial statements.
The uncertainty as to the future impact on the company of macro-economic events has been considered as part of the company's adoption of the going concern basis.
The directors have considered the likely trading resilience of the tenants occupying the company's investment property.
The directors of the company has confirmed that they will not seek repayment of their long term loan account with the company in the 12 months following the date of approval of the financial statements unless the company has the resources to do so.
Taking all of the above into account, the directors believe that it remains appropriate to
continue to adopt the going concern basis in preparing the financial statements.
The directors have given personal guarantees on borrowings recieved in favour of the Mortgage Works (UK) PLC
The tax expense for the year comprises current tax. Tax is recognised in profit or loss and the current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.
CKO Ventures Ltd
Notes to the Accounts
for the period from 2 August 2024 to 31 August 2025
Investment property is included at market fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Gains are recognised in the income statement. No depreciation is provided. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
5
Creditors: amounts falling due within one year
2025
6
Creditors: amounts falling due after more than one year
2025
Loans from directors
72,576
Creditors are recognised when the company has a present obligation resulting from a past event that will result in a transfer of economic benefits.
Creditors are initially measured at the transaction price, which is usually the amount payable.
Subsequently, creditors are measured at amortised cost using the effective interest method. The bank loan is secured against the related property, interest bearing at 5.74% and is repayable over a 30 year term.
Allotted, called up and fully paid:
2 Ordinary shares of £50 each
100
8
Average number of employees
During the period the average number of employees was 0.