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REGISTERED NUMBER: 06007551 (England and Wales)












Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 December 2023

for

Kazphosphate Limited

Kazphosphate Limited (Registered number: 06007551)






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




Page

Company Information 1

Report of the Directors 2

Report of the Accountants 3

Income Statement 4

Balance Sheet 5

Notes to the Financial Statements 6


Kazphosphate Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr S Landes
Ms M Eden





SECRETARY: Landes Limited





REGISTERED OFFICE: 123 Pall Mall
St. James's
London
SW1Y 5EA





REGISTERED NUMBER: 06007551 (England and Wales)





ACCOUNTANTS: Hawksford UK Services Limited
123 Pall Mall
St. James's
London
SW1Y 5EA

Kazphosphate Limited (Registered number: 06007551)

Report of the Directors
for the Year Ended 31 December 2023

The directors present their report with the financial statements of the company for the year ended 31 December 2023.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2023 to the date of this report.

Mr S Landes
Ms M Eden

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr S Landes - Director


1 May 2024

Kazphosphate Limited

Report of the Accountants to the Directors of
Kazphosphate Limited


As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2023 set out on pages four to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Hawksford UK Services Limited
123 Pall Mall
St. James's
London
SW1Y 5EA


Date: .............................................

Kazphosphate Limited (Registered number: 06007551)

Income Statement
for the Year Ended 31 December 2023

31.12.23 31.12.22
$    $   

TURNOVER - -

Administrative expenses (429,471 ) (434,769 )
OPERATING LOSS and
LOSS BEFORE TAXATION (429,471 ) (434,769 )

Tax on loss - -
LOSS FOR THE FINANCIAL YEAR (429,471 ) (434,769 )

Kazphosphate Limited (Registered number: 06007551)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes $    $   
CURRENT ASSETS
Debtors 4 55,275 63,583
Cash at bank 1,488,812 1,934,519
1,544,087 1,998,102
CREDITORS
Amounts falling due within one year 5 (49,885 ) (74,429 )
NET CURRENT ASSETS 1,494,202 1,923,673
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,494,202

1,923,673

CAPITAL AND RESERVES
Called up share capital 6 98,392 98,392
Retained earnings 1,395,810 1,825,281
SHAREHOLDERS' FUNDS 1,494,202 1,923,673

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

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

The directors acknowledge their 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 1 May 2024 and were signed on its behalf by:





Mr S Landes - Director


Kazphosphate Limited (Registered number: 06007551)

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

1. STATUTORY INFORMATION

Kazphosphate 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.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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
Assets and liabilities in foreign currencies are translated into US dollars at the rates of exchange ruling at the balance sheet date. Transactions in foreign 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.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
$    $   
Other debtors 55,275 63,583

There are £37,400 of unpaid shares revalued at the end of year at $47,613 (2022: $55,438).

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
$    $   
Other creditors 49,885 74,429

6. CALLED UP SHARE CAPITAL

50,000 £1 shares translated at the historic exchange rate of £1= $1.96784 giving a total share capital of $98,392.

Kazphosphate Limited (Registered number: 06007551)

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

7. RELATED PARTY DISCLOSURES


Included in debtors due within one year are the amounts due from the following related parties:

31.12.23 31.12.22
Amounts due from shareholders $47,613 $55,438

The amount is in relation to the company's unpaid share capital.



8. ULTIMATE CONTROLLING PARTY

The company is controlled by Ms A Yessim and Mr G Yessenov.