Korpp Investment Limited - Limited company - abbreviated - 11.6
Korpp Investment Limited - Limited company - abbreviated - 11.6
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts for the Year Ended 30 June 2014 |
| for |
| Korpp Investment Limited |
| Korpp Investment Limited (Registered number: 07380342) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 30 June 2014 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| Korpp Investment Limited |
| Company Information |
| for the Year Ended 30 June 2014 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Korpp Investment Limited (Registered number: 07380342) |
| Abbreviated Balance Sheet |
| 30 June 2014 |
| 30.6.14 | 30.6.13 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| Investments | 4 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Profit and loss account | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| The director acknowledges his 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 were approved by the director on |
| Korpp Investment Limited (Registered number: 07380342) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 30 June 2014 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention and in accordance with the |
| Financial Reporting Standard for Smaller Entities (effective April 2008). |
| Preparation of consolidated financial statements |
| The financial statements contain information about Korpp Investment Limited as an individual company and do |
| not contain consolidated financial information as the parent of a group. The company has taken the option under |
| Section 398 of the Companies Act 2006 not to prepare consolidated financial statements. |
| Turnover |
| Turnover represents net invoiced sales of services. excluding VAT. In 2013 the turnover also included gross |
| rents received. |
| Trademarks |
| Trademarks, being the amount paid for the registration of the trademark "KorLet" and related expenses, is being |
| amortised evenly over its estimated useful life of 25 years. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Computer equipment | - |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| Going concern |
| The financial statements have been prepared on a going concern basis as although the business is continuing to |
| experience difficulties with fluctuation in profits, the major creditor of the company is the director. The monies |
| due to him reflect his initial investment in the business The director expects then profitability and liquidity of the |
| business to improve going forward. In addition, the director has confirmed he will not seek repayment of the |
| monies due to him the detriment of other creditors. |
| 2. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 July 2013 |
| and 30 June 2014 |
| AMORTISATION |
| At 1 July 2013 |
| Amortisation for year |
| At 30 June 2014 |
| NET BOOK VALUE |
| At 30 June 2014 |
| At 30 June 2013 |
| Korpp Investment Limited (Registered number: 07380342) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 30 June 2014 |
| 3. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 July 2013 |
| Additions |
| At 30 June 2014 |
| DEPRECIATION |
| At 1 July 2013 |
| Charge for year |
| At 30 June 2014 |
| NET BOOK VALUE |
| At 30 June 2014 |
| At 30 June 2013 |
| 4. | FIXED ASSET INVESTMENTS |
| Investments |
| other |
| than |
| loans |
| £ |
| COST |
| At 1 July 2013 |
| and 30 June 2014 | 94 |
| NET BOOK VALUE |
| At 30 June 2014 |
| At 30 June 2013 |
| The company's investments at the balance sheet date in the share capital of companies include the following: |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 94.00 |
| £ | £ |
| Aggregate capital and reserves | (42,268 | ) | (41,032 | ) |
| (Loss)/profit for the year | (1,236 | ) | 906 |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30.6.14 | 30.6.13 |
| value: | £ | £ |
| Ordinary | £1 |