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Registration number: SC420003

Klaro Partners Ltd

Annual Report and Unaudited Financial Statements

For The Year Ended 31 March 2022

 

Klaro Partners Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 3

 

Klaro Partners Ltd

(Registration number: SC420003)
Balance Sheet as at 31 March 2022

Note

2022
£

2021
£

           

Fixed assets

   

 

Investments

4

 

152,020

 

150,020

Current assets

   

 

Debtors

5

 

151,980

 

213,980

Total assets less current liabilities

   

304,000

 

364,000

Creditors: Amounts falling due after more than one year

6

 

(123,999)

 

(123,999)

Net assets

   

180,001

 

240,001

Capital and reserves

   

 

Called up share capital

180,001

 

240,001

 

Total equity

   

180,001

 

240,001

For the financial year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 15 August 2022 and signed on its behalf by:
 

.........................................
Mr Benjamin David Shamash
Director

 

Klaro Partners Ltd

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2022

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
Inverdee
The Stell
Kirkcudbright
DG6 4TH

These financial statements were authorised for issue by the Board on 15 August 2022.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Klaro Partners Ltd

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2022

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2021 - 2).

4

Investments

2022
£

2021
£

Investments in subsidiaries

152,020

150,020

Subsidiaries

£

Cost or valuation

At 1 April 2021

152,020

Provision

Carrying amount

At 31 March 2022

152,020

At 31 March 2021

150,020

5

Debtors

Current

Note

2022
£

2021
£

Amounts owed by related parties

151,980

213,980

6

Creditors

Creditors: amounts falling due after more than one year

2022
£

2021
£

Due after one year

Other non-current financial liabilities

123,999

123,999