Registered number
09462278
CJL KAIROS LTD
Report and Accounts
31 March 2024
CJL KAIROS LTD
Registered number: 09462278
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,076 104
Current assets
Debtors 4 81,468 3,572,245
Investments held as current assets 5 3,981,973 1,812,404
Cash at bank and in hand 347,791 201,838
4,411,232 5,586,487
Creditors: amounts falling due within one year 6 (4,623,429) (5,592,576)
Net current liabilities (212,197) (6,089)
Total assets less current liabilities (211,121) (5,985)
Creditors: amounts falling due after more than one year 7 (21,667) (31,667)
Net liabilities (232,788) (37,652)
Capital and reserves
Called up share capital 100 100
Profit and loss account (232,888) (37,752)
Shareholder's funds (232,788) (37,652)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Ivan Shpilevskii
Director
Approved by the board on 20 July 2024
CJL KAIROS LTD
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Investments
Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 5,174
Additions 1,099
At 31 March 2024 6,273
Depreciation
At 1 April 2023 5,070
Charge for the year 127
At 31 March 2024 5,197
Net book value
At 31 March 2024 1,076
At 31 March 2023 104
4 Debtors 2024 2023
£ £
Trade debtors 80,924 -
Other debtors 544 3,572,245
81,468 3,572,245
5 Investments held as current assets 2024 2023
£ £
Fair value
Listed investments 463,547 1,812,404
Unlisted investments 3,518,426 -
3,981,973 1,812,404
Increase/(decrease) in fair value included in the profit and loss account for the financial year
Listed investments (74,235) (670,262)
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 3,876,000 4,916,000
Taxation and social security costs - 61,220
Other creditors 747,429 615,356
4,623,429 5,592,576
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 21,667 31,667
8 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 3,876,000 4,916,000
The company's assets have been pledged to the company's bank loan creditors to secure the loan repayment obligations.
9 Related party transactions
Included in other creditors due within one year are the following balances due from related parties:
2024 2023
£ £
Electronics Technology Equipment Ltd 469,166 623,541
10 Controlling party
The ultimate controlling party is Mr Ivan Shpilevskii by virtue of 100% shareholding in issued share capital of the company.
11 Other information
CJL KAIROS LTD is a private company limited by shares and incorporated in England. Its registered office is:
Suite 5, 3rd Floor
Sovereign House
1 Albert Place
London
N3 1QB
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