Korado Limited - Accounts to registrar (filleted) - small 17.3
Korado Limited - Accounts to registrar (filleted) - small 17.3
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 May 2017 |
| for |
| KORADO LIMITED |
| KORADO LIMITED (REGISTERED NUMBER: 03744741) |
| Contents of the Financial Statements |
| for the Year Ended 31 May 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Report of the Accountants | 6 |
| KORADO LIMITED |
| Company Information |
| for the Year Ended 31 May 2017 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 1a The Quadrant Courtyard |
| Quadrant Way |
| Weybridge |
| Surrey |
| KT13 8DR |
| KORADO LIMITED (REGISTERED NUMBER: 03744741) |
| Balance Sheet |
| 31 May 2017 |
| 31.5.17 | 31.5.16 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investments | 3 |
| CREDITORS |
| Amounts falling due within one year |
4 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Share premium |
| Capital redemption reserve |
| Retained earnings |
| 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. |
| KORADO LIMITED (REGISTERED NUMBER: 03744741) |
| Balance Sheet - continued |
| 31 May 2017 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the director on signed by: |
| KORADO LIMITED (REGISTERED NUMBER: 03744741) |
| Notes to the Financial Statements |
| for the Year Ended 31 May 2017 |
| 1. | STATUTORY INFORMATION |
| Korado Limited is a |
| 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 |
| 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. |
| KORADO LIMITED (REGISTERED NUMBER: 03744741) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 May 2017 |
| 3. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| £ |
| COST |
| At 1 June 2016 |
| and 31 May 2017 |
| NET BOOK VALUE |
| At 31 May 2017 |
| At 31 May 2016 |
| 4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.5.17 | 31.5.16 |
| £ | £ |
| Amounts owed to group undertakings |
| Other creditors |
| 5. | RELATED PARTY DISCLOSURES |
| The company forms part of a wholly-owned group for which consolidated financial |
| statements are publicly available and accordingly has taken advantage of the |
| exemption allowed under Financial Reporting Standard 8: Related Parry Disclosures |
| not to disclose transactions with other group entities. |
| 6. | ULTIMATE PARENT UNDERTAKING AND CONTROLLING PARTY |
| The ultimate holding company is Longlac Holdings Limited, a company registered in |
| Cyprus. The directors consider that there is no overall ultimate controlling party. |
| KORADO LIMITED |
| Report of the Accountants to the Director of |
| Korado Limited |
| The following reproduces the text of the report prepared for the director in respect |
| of the company's annual unaudited financial statements. In accordance with the |
| Companies Act 2006, the company is only required to file a Balance Sheet. Readers |
| are cautioned that the Income Statement and certain other primary statements and |
| the Report of the Director are not required to be filed with the Registrar of |
| Companies. |
| As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 May 2017 set out on pages nil to nil and you consider that the company is exempt from an audit. |
| In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
| 1a The Quadrant Courtyard |
| Quadrant Way |
| Weybridge |
| Surrey |
| KT13 8DR |
| Date: ............................................. |