Company Registration No. 10585688 (England and Wales)
LEV KORNBLUM LIMITED
Unaudited accounts
for the year ended 31 January 2023
LEV KORNBLUM LIMITED
Unaudited accounts
Contents
LEV KORNBLUM LIMITED
Company Information
for the year ended 31 January 2023
Company Number
10585688 (England and Wales)
Registered Office
78 QUEENS ROAD
WATFORD
HERTFORDSHIRE
WD17 2LA
United Kingdom
LEV KORNBLUM LIMITED
Statement of financial position
as at 31 January 2023
Investment property
376,759
376,759
Cash at bank and in hand
2,879
3,145
Creditors: amounts falling due within one year
(30,067)
(21,064)
Net current liabilities
(27,188)
(17,919)
Total assets less current liabilities
349,571
358,840
Creditors: amounts falling due after more than one year
(362,494)
(371,186)
Net liabilities
(12,923)
(12,346)
Called up share capital
100
100
Profit and loss account
(13,023)
(12,446)
Shareholders' funds
(12,923)
(12,346)
For the year ending 31 January 2023 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 director acknowledges his 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 and authorised for issue on 23 January 2024 and were signed on its behalf by
Orit Lev
Director
Company Registration No. 10585688
LEV KORNBLUM LIMITED
Notes to the Accounts
for the year ended 31 January 2023
LEV KORNBLUM LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10585688. The registered office is 78 QUEENS ROAD, WATFORD, HERTFORDSHIRE, WD17 2LA, United Kingdom.
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.
These financial statements for the year ended 31 January 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 February 2021.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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.
Fair value at 1 February 2022
376,759
At 31 January 2023
376,759
LEV KORNBLUM LIMITED
Notes to the Accounts
for the year ended 31 January 2023
5
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
15,739
10,603
Amounts owed to group undertakings and other participating interests
8,060
5,093
Included in creditor due amount falling due within one year Bank loan amounting to £15,739 (2022: £10,603) is secured against investment property.
6
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
245,342
250,389
Other creditors
117,152
120,797
Aggregate of amounts that fall due for payment after five years
245,342
249,495
Included in creditor due amount falling due more than one year Bank loan amounting to £245,342 (2022: £250,389) is secured against investment property.
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
