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Company No: 12941883 (England and Wales)

KATORO GREEN LIMITED

Unaudited Financial Statements
For the financial year ended 31 October 2023
Pages for filing with the registrar

KATORO GREEN LIMITED

Unaudited Financial Statements

For the financial year ended 31 October 2023

Contents

KATORO GREEN LIMITED

COMPANY INFORMATION

For the financial year ended 31 October 2023
KATORO GREEN LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 October 2023
DIRECTORS K Offord
T Offord
E Pryce
REGISTERED OFFICE Centenary House Peninsula Park
Rydon Lane
Exeter
EX2 7XE
United Kingdom
COMPANY NUMBER 12941883 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Centenary House
Peninsula Park
Rydon Lane
Exeter
Devon EX2 7XE
KATORO GREEN LIMITED

BALANCE SHEET

As at 31 October 2023
KATORO GREEN LIMITED

BALANCE SHEET (continued)

As at 31 October 2023
Note 2023 2022
£ £
Fixed assets
Investments 3 2,352,181 1,992,021
2,352,181 1,992,021
Current assets
Debtors 4 77 300
Cash at bank and in hand 18,110 327,176
18,187 327,476
Creditors: amounts falling due within one year 5 ( 2,393,967) ( 2,342,270)
Net current liabilities (2,375,780) (2,014,794)
Total assets less current liabilities (23,599) (22,773)
Net liabilities ( 23,599) ( 22,773)
Capital and reserves
Called-up share capital 6 200,000 200,000
Undistributable reserve 158,307 102,774
Profit and loss account ( 381,906 ) ( 325,547 )
Total shareholders' deficit ( 23,599) ( 22,773)

For the financial year ending 31 October 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Katoro Green Limited (registered number: 12941883) were approved and authorised for issue by the Board of Directors on 21 April 2024. They were signed on its behalf by:

E Pryce
Director
KATORO GREEN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2023
KATORO GREEN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Katoro Green Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is:

Centenary House
Peninsula Park
Rydon Lane
Exeter
EX2 7XE

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors note that the business has net liabilities of £23,599. The Company is supported through loans from the directors. The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the directors will continue to support the Company. Given the current position, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover is generated from the following:
- Dividends from listed investments are recognised in the profit and loss account on a receipt basis in the period in which it arises.
- Interest receivable is recognised in the profit or loss account on an accruals basis in the period in which it arises.
- The realised profit or loss upon the sale of investments is recognised in the profit and loss account in the period in which the sale occurs.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 0

3. Fixed asset investments

Listed investments Total
£ £
Cost or valuation before impairment
At 01 November 2022 1,992,021 1,992,021
Additions 1,298,096 1,298,096
Disposals ( 993,469) ( 993,469)
Movement in fair value 55,533 55,533
At 31 October 2023 2,352,181 2,352,181
Carrying value at 31 October 2023 2,352,181 2,352,181
Carrying value at 31 October 2022 1,992,021 1,992,021

4. Debtors

2023 2022
£ £
Other debtors 77 300

5. Creditors: amounts falling due within one year

2023 2022
£ £
Amounts owed to directors 2,869 600
Other loans 2,300,000 2,300,000
Accruals 91,098 41,670
2,393,967 2,342,270

Included within other loans is an unsecured loan note amounting to £2,300,000 where interest is accrued daily using official HMRC rate. The loan note can be redeemed for payment within five business days.

6. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
50,000 A ordinary shares of £ 1.00 each 50,000 50,000
50,000 B ordinary shares of £ 1.00 each 50,000 50,000
50,000 C ordinary shares of £ 1.00 each 50,000 50,000
50,000 D ordinary shares of £ 1.00 each 50,000 50,000
200,000 200,000

The ordinary share classes of B, C and D shares have equal rights including voting rights. Class A has veto right on appointment and removal of directors and on amendment of the Article granting such above right; no right to vote on any other matter; no rights to income or capital.