REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 July 2023 |
for |
Kasta Litore Ltd |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Retained earnings | 8 | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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. |
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 |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
NET BOOK VALUE |
At 31 July 2023 |
At 31 July 2022 |
The company's investments at the Balance Sheet date in the share capital of companies include the following: |
Registered office: 4 Thespidos Street, 10558 Athens |
Nature of business: |
% |
Class of shares: | holding |
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 |
Called up share capital not paid |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
€ | € |
Shareholder loan | 14,890 | 12,235 |
Trade creditors |
Amounts due to group undertaki | 10,000 | 10,000 |
Accruals |
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: | € | € |
Ordinary | £1 | 1,302 | 1,302 |
8. | RESERVES |
Retained |
earnings |
€ |
At 1 August 2022 | ( |
) |
Deficit for the year | ( |
) |
At 31 July 2023 | ( |
) |
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. |