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REGISTERED NUMBER: 08177779 (England and Wales)

















AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

PALLADIUM IMPACT CAPITAL LIMITED

PALLADIUM IMPACT CAPITAL LIMITED (REGISTERED NUMBER: 08177779)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


PALLADIUM IMPACT CAPITAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: J S M Van Weede
C J Middleton
B M Howlett
J M Ortiz





SECRETARY: J S M Van Weede





REGISTERED OFFICE: 3 North Hill
Colchester
Essex
CO1 1DZ





REGISTERED NUMBER: 08177779 (England and Wales)





AUDITORS: TC Group
7 Kings Court
Newcomen Way
Colchester
Essex
CO4 9RA

PALLADIUM IMPACT CAPITAL LIMITED (REGISTERED NUMBER: 08177779)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2023

30.6.23 30.6.22
Notes $    $   
CURRENT ASSETS
Debtors 5 826,066 504,065
Cash at bank 71,404 51,008
897,470 555,073
CREDITORS
Amounts falling due within one year 6 161,565 17,487
NET CURRENT ASSETS 735,905 537,586
TOTAL ASSETS LESS CURRENT
LIABILITIES

735,905

537,586

CAPITAL AND RESERVES
Called up share capital 850,000 850,000
Retained earnings (114,095 ) (312,414 )
SHAREHOLDERS' FUNDS 735,905 537,586

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2023 and were signed on its behalf by:





J S M Van Weede - Director


PALLADIUM IMPACT CAPITAL LIMITED (REGISTERED NUMBER: 08177779)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023


1. STATUTORY INFORMATION

Palladium Impact Capital 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.

The company's functional and presentational currency is the US Dollar. The figures in the financial statements are rounded to the nearest dollar.

Turnover
Fees for consulting services are recognised, net of VAT, on an accruals basis at the time the services are rendered. Success fees are recognised, net of VAT, once the outcome of the project has been confirmed and the company obtains the right to the consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies
The company's functional and presentational currency is the US dollar. Assets and liabilities in other currencies are translated into US dollars at the rates of exchange ruling at the statement of financial position date. Transactions in other currencies are translated into US dollars at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments
Amounts owed to or from group companies are interest-free and repayable on demand, and are valued at cost less impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

PALLADIUM IMPACT CAPITAL LIMITED (REGISTERED NUMBER: 08177779)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
$   
COST
At 1 July 2022
and 30 June 2023 5,376
DEPRECIATION
At 1 July 2022
and 30 June 2023 5,376
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 -

5. DEBTORS
30.6.23 30.6.22
$    $   
Amounts falling due within one year:
Trade debtors 596,191 66,868
Other debtors - 244,408
VAT 110,173 48,951
Deferred tax asset
Unrelieved tax losses 85,503 98,452
Prepayments and accrued income 34,199 14,258
826,066 472,937

Amounts falling due after more than one year:
Deferred tax asset
Unrelieved tax losses - 31,128
- 31,128

Aggregate amounts 826,066 504,065

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
$    $   
Trade creditors 3,853 4
Amounts owed to group undertakings 143,500 -
Tax - 1,965
Other creditors - 1,022
Accruals and deferred income 14,212 14,496
161,565 17,487

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

The Report of the Auditors was unqualified.

Jacqueline Frost ACA (Senior Statutory Auditor)
for and on behalf of TC Group

PALLADIUM IMPACT CAPITAL LIMITED (REGISTERED NUMBER: 08177779)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


8. RELATED PARTY DISCLOSURES

As a consequence of the company not being part of the group for part of the financial year it is unable to take advantage of exemption, under the terms of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK, not to disclose related party transactions with wholly owned subsidiaries. The required disclosures.




Name

Nature of transaction

Value in year
$ outstanding
as at 30.06.23
Palladium Group Management Pty LtdLoan to the company-143,500
(PGMPL)Interest paid on loan692
Subsidiary of PGMPLFees charged by company-20,00020,000

Subsidiary of PGMPL
Branding costs charged to the
company

26,692

Subsidiary of PGMPLPII costs charged to the company46,356

Various subsidiaries of PGMPL
Labour costs recharged to the
company

304,359


Various subsidiaries of PGMPL
Facilities costs recharged to the
company

23,559


9. ULTIMATE CONTROLLING PARTY

As of 30 June 2023, the ultimate parent company was Palladium Holdings Pty Limited,

However due to a reorganisation of Palladium Holdings Pty Limited the company left the group in April 2022 to ensure compliance with regulatory requirements, and Mr Kim Bredhauer became the controlling party. On 12 September 2022, having ensured that all compliance requirements were first met, Palladium Holdings Pty Limited became the ultimate parent company again.

The smallest and largest group to consoldate these financial statements is Palladium Holdings Pty Limited, incorporated in Australia. Copies of the Palladium Holdings Pty Limited consolidated financial statements can be obtained from the Company Secretary at Level 7, 307 Queen Street, Brisbane, Queensland 4000, Australia.

Effective 12th September 2022, the ultimate controlling party is Global Infrastructure Solutions Inc, a company incorporated in the United States of America. The registered office of Global Infrastructure Solutions Inc is c/o Capitol Services Inc. 1675 South State St, Ste B Dover, Delaware 19901, USA. Global Infrastructure Solutions Inc is not under the control of one individual.

10. GOING CONCERN

The Company has received confirmation from Palladium Holdings Pty Ltd, that it will provide sufficient funds, as required, to enable it to continue trading operations and fulfil all of the Company's financial obligations arising from now and in the future.

Having considered the risks affecting the business, as well as the forecasted performance for the next 12 months, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future.

On this basis, along with the support provided by Palladium Holdings Pty Ltd, the directors continue to adopt the going concern basis of accounting in preparing the Company's financial statements.