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REGISTERED NUMBER: 10269898 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Kasta Litore Ltd

Kasta Litore Ltd (Registered number: 10269898)

Contents of the Financial Statements
for the Year Ended 31 July 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Kasta Litore Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTOR: Mr I Lymperopoulos





REGISTERED OFFICE: Monomark House
27 Old Gloucester Street
London
WC1N 3AX





REGISTERED NUMBER: 10269898 (England and Wales)





ACCOUNTANTS: ILS Fiduciaries (IOM) Limited
First Floor
Millennium House
Victoria Road
Douglas
Isle of Man
IM2 4RW

Kasta Litore Ltd (Registered number: 10269898)

Balance Sheet
31 July 2023

2023 2022
Notes €    €    €    €   
FIXED ASSETS
Investments 4 10,000 10,000

CURRENT ASSETS
Debtors 5 1,567 1,573
Cash at bank 5 15
1,572 1,588
CREDITORS
Amounts falling due within one year 6 29,221 25,767
NET CURRENT LIABILITIES (27,649 ) (24,179 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(17,649

)

(14,179

)

CAPITAL AND RESERVES
Called up share capital 7 1,302 1,302
Retained earnings 8 (18,951 ) (15,481 )
SHAREHOLDERS' FUNDS (17,649 ) (14,179 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

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.

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 director and authorised for issue on 2 February 2024 and were signed by:





Mr I Lymperopoulos - Director


Kasta Litore Ltd (Registered number: 10269898)

Notes to the Financial Statements
for the Year Ended 31 July 2023


1. STATUTORY INFORMATION

Kasta Litore Ltd 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.

Foreign currencies
Assets and liabilities in foreign currencies, with the exception of share capital, are translated into sterling at the rates of exchange ruling at the balance sheet date. Share capital is translated at the historical rate. Transactions in foreign currencies are translated into Euro at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Fixed assets investments
Investments in subsidiaries are shown at cost to the company including all costs of acquisition, less any provision for impairment.

Going concern
The financial statements have been prepared on a going concern basis notwithstanding the excess of liabilities over assets as the director believes the shareholder will continue to make adequate funds available to enable the company to meet its liabilities as and when they fall due. The director has no reason to believe that financial support will not continue in the future and considered it appropriate to adopt a going concern basis. The accounts do not contain any adjustments that would be necessary should this basis not be appropriate.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Unquoted
shares
€   
COST
At 1 August 2022
and 31 July 2023 10,000
NET BOOK VALUE
At 31 July 2023 10,000
At 31 July 2022 10,000

The company's investments at the Balance Sheet date in the share capital of companies include the following:

KL Restaurants
Registered office: 4 Thespidos Street, 10558 Athens
Nature of business: Restaurant
%
Class of shares: holding
Ordinary 100.00

Kasta Litore Ltd (Registered number: 10269898)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
€    €   
Prepayments 265 271
Called up share capital not paid 1,302 1,302
1,567 1,573

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
€    €   
Shareholder loan 14,890 12,235
Trade creditors 2,239 1,964
Amounts due to group undertaki 10,000 10,000
Accruals 2,092 1,568
29,221 25,767

The loan from the shareholder is unsecured, interest-free, and has no fixed repayment date.

Amounts due to group undertakings is made up of an amount payable to KL Restaurants for the initial share capital of the company. This was paid by the shareholder on 4 August 2023.

7. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2023 2022
value: €    €   
1,000 Ordinary £1 1,302 1,302

8. RESERVES
Retained
earnings
€   

At 1 August 2022 (15,481 )
Deficit for the year (3,470 )
At 31 July 2023 (18,951 )

9. RELATED PARTY DISCLOSURES

Shareholder
A loan of €2,655 was received from the shareholder during the year (2022: €4,200). At 31 July 2023 the balance due to the shareholder was €14,890 (2022: €12,235).

KL Restaurants
An amount of €10,000 is payable to KL Restaurants for the initial share capital of the company (2022: €10,000). This was paid by the shareholder on 4 August 2023.

Kasta Litore Ltd (Registered number: 10269898)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023


10. POST BALANCE SHEET EVENTS

The effect of events relating to the year ended 31 July 2023, which occurred before the date of approval of the financial statements by the director, have been included to the extent required to show a true and fair view of the state of affairs at 31 July 2023, and of the results of the year ended on that date.