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REGISTERED NUMBER: 13016812 (England and Wales)















Financial Statements for the Year Ended 30 April 2023

for

Bamboo Cloud Holdings Limited

Bamboo Cloud Holdings Limited (Registered number: 13016812)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Bamboo Cloud Holdings Limited

Company Information
for the Year Ended 30 April 2023







DIRECTORS: Mrs M Do Carmo Correia
Mr M Lipfield
Mr J W F S Stam





REGISTERED OFFICE: 10 Wardwick
Derby
DE1 1HA





REGISTERED NUMBER: 13016812 (England and Wales)





AUDITORS: Underwood Green Limited, Statutory Auditor
Pinnacle House
1 Pinnacle Way
Derby
Derbyshire
DE24 8ZS

Bamboo Cloud Holdings Limited (Registered number: 13016812)

Balance Sheet
30 April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 24,765,678 11,000,000

CURRENT ASSETS
Debtors 5 450,522 378,614
Cash at bank and in hand 579 183,719
451,101 562,333
CREDITORS
Amounts falling due within one year 6 595,792 783,859
NET CURRENT LIABILITIES (144,691 ) (221,526 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,620,987

10,778,474

CREDITORS
Amounts falling due after more than one
year

7

-

1,091,418
NET ASSETS 24,620,987 9,687,056

CAPITAL AND RESERVES
Called up share capital 8 7,502 7,502
Fair value reserve 22,942,428 9,679,500
Retained earnings 1,671,057 54
SHAREHOLDERS' FUNDS 24,620,987 9,687,056

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 October 2023 and were signed on its behalf by:





Mr J W F S Stam - Director


Bamboo Cloud Holdings Limited (Registered number: 13016812)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Bamboo Cloud Holdings Limited 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about Bamboo Cloud Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

The company has taken advantage of the exemption, under the terms of FRS102, including the provisions of Section 1A "Small Entities" not to prepare consolidated accounts.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Investments in subsidiaries
Investments in subsidiaries are shown at fair value with changes in fair value recognised in the fair value reserve.

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.

Bamboo Cloud Holdings Limited (Registered number: 13016812)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 7 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST OR VALUATION
At 1 May 2022 11,000,000
Additions 502,750
Revaluations 13,262,928
At 30 April 2023 24,765,678
NET BOOK VALUE
At 30 April 2023 24,765,678
At 30 April 2022 11,000,000

Cost or valuation at 30 April 2023 is represented by:

Shares in
group
undertakings
£   
Valuation in 2023 22,942,428
Cost 1,823,250
24,765,678

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 388,976 -
Directors' current accounts - 302,797
Prepayments and accrued income 61,546 75,817
450,522 378,614

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 486,527
Amounts owed to group undertakings 595,000 296,540
Tax 12 12
Accruals and deferred income 780 780
595,792 783,859

Bamboo Cloud Holdings Limited (Registered number: 13016812)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years - 505,924
Bank loans - 2-5 years - 585,494
- 1,091,418

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
585,156 Ordinary A £0.01 5,852 5,852
165,044 Ordinary B £0.01 1,650 1,650
7,502 7,502

The above shares have attached to them full voting, dividend and capital distribution (including on winding up) rights; they do not confer any rights of redemption.

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Gary Underwood (Senior Statutory Auditor)
for and on behalf of Underwood Green Limited, Statutory Auditor

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2023 and 30 April 2022:

2023 2022
£    £   
Mr B Critchley and Mrs V Critchley
Balance outstanding at start of year 302,797 106,258
Amounts advanced 411,368 598,442
Amounts repaid (714,165 ) (401,903 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 302,797

Interest was charged on amounts outstanding at the rate of 2%. All of the balance was repaid on 31/01/2023.

11. ULTIMATE CONTROLLING PARTY

The ultimate parent company is Pax8 Inc., a company registered in the United States of America at 5500 South Quebec Street, Suite 350, Greenwood Village, CO 80111 United States.