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REGISTERED NUMBER: SC556974 (Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

KASEUM HOLDINGS LIMITED

KASEUM HOLDINGS LIMITED (REGISTERED NUMBER: SC556974)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KASEUM HOLDINGS LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTORS: P A Church
A J Elrick
P A Joiner
I M Macleod
S G G Christie





REGISTERED OFFICE: 5 Carden Place
Aberdeen
AB10 1UT





REGISTERED NUMBER: SC556974 (Scotland)






KASEUM HOLDINGS LIMITED (REGISTERED NUMBER: SC556974)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 16,530 19,999
Tangible assets 5 130,145 79,196
Investments 6 1 1
146,676 99,196

CURRENT ASSETS
Debtors 7 60,066 6,525
Cash at bank 1,200,151 1,128,936
1,260,217 1,135,461
CREDITORS
Amounts falling due within one year 8 46,588 1,068,800
NET CURRENT ASSETS 1,213,629 66,661
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,360,305

165,857

CAPITAL AND RESERVES
Called up share capital 900 900
Share premium 402,650 402,650
Retained earnings 956,755 (237,693 )
1,360,305 165,857

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.

KASEUM HOLDINGS LIMITED (REGISTERED NUMBER: SC556974)

Balance Sheet - continued
31 December 2023


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 Board of Directors and authorised for issue on 9 September 2024 and were signed on its behalf by:





P A Church - Director


KASEUM HOLDINGS LIMITED (REGISTERED NUMBER: SC556974)

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


1. STATUTORY INFORMATION

Kaseum Holdings Limited is a private company, limited by shares , registered in Scotland. 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

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.

3. EMPLOYEES AND DIRECTORS

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

KASEUM HOLDINGS LIMITED (REGISTERED NUMBER: SC556974)

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


4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 January 2023
and 31 December 2023 34,684
AMORTISATION
At 1 January 2023 14,685
Amortisation for year 3,469
At 31 December 2023 18,154
NET BOOK VALUE
At 31 December 2023 16,530
At 31 December 2022 19,999

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2023 63,546 82,250 35,456
Additions - 39,322 6,057
At 31 December 2023 63,546 121,572 41,513
DEPRECIATION
At 1 January 2023 63,513 57,862 19,900
Charge for year 33 9,168 5,065
At 31 December 2023 63,546 67,030 24,965
NET BOOK VALUE
At 31 December 2023 - 54,542 16,548
At 31 December 2022 33 24,388 15,556

KASEUM HOLDINGS LIMITED (REGISTERED NUMBER: SC556974)

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


5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 22,374 41,671 245,297
Additions 33,000 12,368 90,747
At 31 December 2023 55,374 54,039 336,044
DEPRECIATION
At 1 January 2023 3,711 21,115 166,101
Charge for year 13,156 12,376 39,798
At 31 December 2023 16,867 33,491 205,899
NET BOOK VALUE
At 31 December 2023 38,507 20,548 130,145
At 31 December 2022 18,663 20,556 79,196

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023
and 31 December 2023 1
NET BOOK VALUE
At 31 December 2023 1
At 31 December 2022 1

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 54,188 -
Other debtors 5,878 6,525
60,066 6,525

KASEUM HOLDINGS LIMITED (REGISTERED NUMBER: SC556974)

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


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 14,589 6,489
Amounts owed to group undertakings - 1,060,812
Other creditors 31,999 1,499
46,588 1,068,800

9. ULTIMATE CONTROLLING PARTY

The controlling party is the directors.