Registered number 06701129 KIRKISRAK COMMUNITY HOUSE LIMITED Report and Accounts 30 September 2023 ## **KIRKISRAK COMMUNITY HOUSE LIMITED Report and accounts Contents** ||**Page**| |---|---| |Company information|1| |Directors' report|2| |Accountants' report|3| |Profit and loss account|4| |Balance sheet|5| |Statement of changes in equity|6| |Notes to the accounts|7| ## **KIRKISRAK COMMUNITY HOUSE LIMITED Company Information** ## **Directors** Emine Caliskan Erdal Dogan Elif Gurgur ## **Accountants** Pure Accounting 355 High Road Wood Green London United Kingdom N22 8JA ## **Registered office** 4-6 Derby Road Enfield Middlesex EN3 4AN **Registered number** 06701129 1 **KIRKISRAK COMMUNITY HOUSE LIMITED Registered number: 06701129 Directors' Report** The directors present their report and accounts for the year ended 30 September 2023. ## **Principal activities** The company's principal activity during the year continued to be community social work activities. ## **Directors** The following persons served as directors during the year: Emine Caliskan Erdal Dogan Elif Gurgur ## **Small company provisions** This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. This report was approved by the board on 26 June 2024 and signed on its behalf. Emine Caliskan Director 2 ## **KIRKISRAK COMMUNITY HOUSE LIMITED** ## **Accountants' Report** ## **Accountants' report to the directors of KIRKISRAK COMMUNITY HOUSE LIMITED** You consider that the company is exempt from an audit for the year ended 30 September 2023. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. Pure Accounting Accountants 355 High Road Wood Green London United Kingdom N22 8JA 26 June 2024 3 ## **KIRKISRAK COMMUNITY HOUSE LIMITED Profit and Loss Account for the year ended 30 September 2023** |**Turnover**
Cost of sales
**Gross profit**
Administrative expenses
**Operating (loss)/profit**
Profit on the disposal of tangible fixed assets
Profit on the disposal of investments
Gain on revaluation of investments
Income from investments
Interest receivable
Interest payable
**(Loss)/profit before taxation**
Tax on (loss)/profit
**(Loss)/profit for the financial year**|**2023**
**£**
57,150
-
57,150
(60,910)
(3,760)
-
-
-
-
-
-
(3,760)
-
(3,760)|**2022**
**£**
71,906
-
71,906
(69,017)
2,889
-
-
-
-
-
-
2,889
-
2,889| |---|---|---| 4 ## **KIRKISRAK COMMUNITY HOUSE LIMITED Registered number:** 06701129 **Balance Sheet as at 30 September 2023** |**Notes**
**Fixed assets**
Tangible assets
3
**Current assets**
Stocks
Debtors
4
Cash at bank and in hand
**Creditors: amounts falling due**
**within one year**
5
**Net current assets**
**Total assets less current**
**liabilities**
**Net assets**
**Capital and reserves**
Called up share capital
Share premium
Revaluation reserve
Profit and loss account
**Shareholders' funds**|-
-
42,405
42,405
53|**2023**
**£**
227
227
42,458
42,685
42,685
-
-
-
42,685
42,685|**2022**
**£**
252
252
-
2,500
56,312
58,812
(12,619)
46,193
46,445
46,445
-
-
-
46,445
46,445| |---|---|---|---| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit in accordance with section 476 of the Act. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. Emine Caliskan Director Approved by the board on 26 June 2024 5 ## **KIRKISRAK COMMUNITY HOUSE LIMITED Statement of Changes in Equity for the year ended 30 September 2023** |**At 1 October 2021**
Profit for the financial year
Gain on revaluation of land and
buildings
Deferred taxation arising on the
revaluation of land and buildings
Other comprehensive income for the
financial year
Total comprehensive income for the
financial year
Dividends
Shares issued
Shares redeemed
**At 30 September 2022**
Correction of prior year errors
Effect of retrospective changes in
accounting policies
**At 30 September 2022 as restated**
**At 1 October 2022**
Loss for the financial year
Gain on revaluation of land and
buildings
Deferred taxation arising on the
revaluation of land and buildings
Other comprehensive income for the
financial year
Total comprehensive income for the
financial year
Dividends
Shares issued
Shares redeemed
**At 30 September 2023**|**Share**
**capital**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-|**Share**
**premium**
**£**
-
-
-
-
-
-
-
-
-
-
-|**Re-**
**valuation**
**reserve**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-|**Profit**
**and loss**
**account**
**£**
43,556
2,889
-
2,889
-
46,445
-
-
46,445
46,445
(3,760)
-
(3,760)
-
42,685|**Total**
**£**
43,556
2,889
-
-
-
2,889
-
-
-
46,445
-
-
46,445
46,445
(3,760)
-
-
-
(3,760)
-
-
-
42,685| |---|---|---|---|---|---| 6 **KIRKISRAK COMMUNITY HOUSE LIMITED Notes to the Accounts for the year ended 30 September 2023** ## **1 Accounting policies** ## _**Basis of preparation**_ The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). ## _**Turnover**_ Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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. ## _**Tangible fixed assets**_ Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |Freehold buildings|over 50 years| |---|---| |Leasehold land and buildings|over the lease term| |Plant and machinery|over 5 years| |Fixtures, fittings, tools and equipment|over 5 years| ## _**Debtors**_ Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. ## _**Creditors**_ Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. 7 ## **KIRKISRAK COMMUNITY HOUSE LIMITED Notes to the Accounts for the year ended 30 September 2023** ## _**Taxation**_ A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |**2**
**Employees**
Average number of persons employed by the company
**3**
**Tangible fixed assets**
**Land and**
**buildings**
**Plant and**
**machinery**
**etc**
**£**
**£**
**Cost**
At 1 October 2022
-
1,802
Additions
-
-
Surplus on revaluation
-
-
Disposals
-
-
At 30 September 2023
-
1,802
**Depreciation**
At 1 October 2022
-
1,550
Charge for the year
-
25
Surplus on revaluation
-
-
On disposals
-
-
At 30 September 2023
-
1,575
**Net book value**
At 30 September 2023
-
227
At 30 September 2022
-
252
**4**
**Debtors**
Prepayments|**2023**
**Number**
0
**Motor**
**vehicles**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
**2023**
**£**
-
-|**2022**
**Number**
0
**Total**
**£**
1,802
-
-
-
1,802
1,550
25
-
-
1,575
227
252
**2022**
**£**
2,500
2,500| |---|---|---| 8 ## **KIRKISRAK COMMUNITY HOUSE LIMITED Notes to the Accounts** **for the year ended 30 September 2023** |**5**
**Creditors: amounts falling due within one year**
Trade creditors|**2023**
**£**
(53)
(53)|**2022**
**£**
12,619
12,619| |---|---|---| **6 Controlling party** Emine Caliskan Erdal Dogan Elif Gurgur ## **7 Other information** KIRKISRAK COMMUNITY HOUSE LIMITED is a private company limited by shares and incorporated in England. Its registered office is: 4-6 Derby Road Enfield Middlesex EN3 4AN 9 ## **KIRKISRAK COMMUNITY HOUSE LIMITED** ## **Detailed profit and loss account for the year ended 30 September 2023** _This schedule does not form part of the statutory accounts_ |**Sales**
Cost of sales
**Gross profit**
Administrative expenses
**Operating (loss)/profit**
Profit on the disposal of tangible fixed assets
Profit on the disposal of investments
Gain on revaluation of investments
Income from investments
Interest receivable
Interest payable
**(Loss)/profit before tax**|**2023**
**£**
57,150
-
57,150
(60,910)
(3,760)
-
-
-
-
-
-
(3,760)|**2022**
**£**
71,906
-
71,906
(69,017)
2,889
-
-
-
-
-
-
2,889| |---|---|---| 10 ## **KIRKISRAK COMMUNITY HOUSE LIMITED** ## **Detailed profit and loss account for the year ended 30 September 2023** _This schedule does not form part of the statutory accounts_ |**Sales**
Sales
**Cost of sales**
Purchases
**Administrative expenses**
Employee costs:
Travel & substances
Premises costs:
Rent
Rates
Service charges
Light and heat
Cleaning and waste collections
Water
General administrative expenses:
Telephone and internet
Stationery and printing
Subscriptions
Insurance
Equipment expensed
Events fees
Repairs and maintenance
Depreciation
Food & Drinks
Legal and professional costs:
Accountancy fees
Consultancy fees
Advertising and PR
Other legal and professional|**2023**
**£**
57,150
57,150
-
-
187
187
30,000
1,934
200
9,019
865
1,279
43,297
1,056
177
159
600
3,016
2,162
2,573
25
3,588
13,356
720
3,000
350
-
4,070
60,910|**2022**
**£**
71,906
71,906
-
-
-
-
30,000
2,314
70
3,954
388
341
37,067
570
3,110
159
582
62
10,800
750
27
3,517
19,577
720
-
-
11,653
12,373
69,017| |---|---|---| 11