Koukan Developments Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11909239 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

FOR

KOUKAN DEVELOPMENTS LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr K W Leng

Mrs R Nijo

REGISTERED OFFICE:

39 Hendon Lane

Finchley

London

N3 1RY

REGISTERED NUMBER:

11909239 (England and Wales)

ACCOUNTANTS:

Guner Associates

Chartered Accountants

39 Hendon Lane

Finchley

London

N3 1RY

FIXED ASSETS

Tangible assets

5

834

-

Investments

6

850

350

1,684

350

CURRENT ASSETS

Debtors

1,043,125

514,300

Cash at bank and in hand

64,411

8,054

1,107,536

522,354

CREDITORS

Amounts falling due within one year

1,030,060

388,293

NET CURRENT ASSETS

77,476

134,061

TOTAL ASSETS LESS CURRENT LIABILITIES

79,160

134,411

CREDITORS

Amounts falling due after more than one year

7

43,333

50,000

NET ASSETS

35,827

84,411

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

10

35,727

84,311

SHAREHOLDERS' FUNDS

35,827

84,411

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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 22 March 2023 and were signed on its behalf by:

Mr K W Leng - Director

1.	STATUTORY INFORMATION

Koukan Developments Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

Going concern

The financial statements have been prepared on a going concern basis which is dependent upon the continued financial support of the directors. The directors have indicated their willingness to continue to provide such financial support as may be required to enable it to meet it's liabilities for at least 12 months following the date of approval of the financial statements and on this basis the directors have prepared the financial statements on a going concern basis.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

Additions

1,111

At 31 March 2022

1,111

DEPRECIATION

Charge for year

277

At 31 March 2022

277

NET BOOK VALUE

At 31 March 2022

834

6.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 April 2021

350

Additions

500

At 31 March 2022

850

NET BOOK VALUE

At 31 March 2022

850

At 31 March 2021

350

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiary

Celadon Estates Limited

Registered office: 39, Hendon Lane, Finchley, London N3 1RY

Nature of business: Property Investment

%

Class of shares:

holding

Ordinary £1

100.00

Associated companies

Gloucester Drive Limited

Registered office: 39, Hendon Lane, Finchley, London N3 1RY

Nature of business: Property development

%

Class of shares:

holding

Ordinary £1

25.00

Dixon8 Limited

Registered office: 39, Hendon Lane, Finchley, London N3 1RY

Nature of business: Property development

%

Class of shares:

holding

Ordinary A £1

16.67

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2022

2021

£

£

Repayable by instalments

Bank loans more 5 yr by instal

23,333

10,000

8.	SECURED DEBTS

The following secured debts are included within creditors:

2022

2021

£

£

Other loans

500,000

-

Other loans are secured on properties owned by the directors.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2021

value:

£

£

100

Ordinary

£1

100

100

10.

RESERVES

Retained

earnings

£

At 1 April 2021

84,311

Deficit for the year

(48,584

)

At 31 March 2022

35,727

11.	RELATED PARTY DISCLOSURES

Mr K W Leng

Director and shareholder

2022

2021

£

£

Amount due to related party at the balance sheet date

76,510

7,187

Celadon Estates Limited

Subsidiary undertaking

2022

2021

£

£

Amount due from related party at the balance sheet date

502,140

514,300

Archanaeum Limited

A company in which Mr K W Leng is a director and shareholder

2022

2021

£

£

Amount due from/(to) related party at the balance sheet date

1,429

(10,600

)

Dixon8 Limited

A company in which Mr K W Leng is a director

2022

2021

£

£

Amount due from related party at the balance sheet date

468,485

-

Gloucester Drive Limited

A company in which Mr K W Leng is a director

2022

2021

£

£

Amount due from related party at the balance sheet date

49,821

-

12.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr K W Leng.

The ultimate controlling party is Mr K W Leng.