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REGISTERED NUMBER: 12670368 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Klura Ltd

Klura Ltd (Registered number: 12670368)






Contents of the Financial Statements
for the year ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Klura Ltd

Company Information
for the year ended 30 June 2024







DIRECTORS: Dr M J Mohseni
Dr R Saberi Moghaddam
B W Gudgel
S R Hoge





REGISTERED OFFICE: The Epicentre
Enterprise Way, Haverhill Research Park
Withersfield
Haverhill
Suffolk
CB9 7LR





REGISTERED NUMBER: 12670368 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Ltd
Chartered Accountants
19 Trinity Square
Llandudno
CONWY
LL30 2RD

Klura Ltd (Registered number: 12670368)

Balance Sheet
30 June 2024

2024 2023
Notes £ £
FIXED ASSETS
Intangible assets 4 4,281,169 1,442,529
Tangible assets 5 263,968 14,015
4,545,137 1,456,544

CURRENT ASSETS
Debtors 6 204,452 86,608
Cash at bank 1,299,203 2,847,153
1,503,655 2,933,761
CREDITORS
Amounts falling due within one year 7 (641,232 ) (172,523 )
NET CURRENT ASSETS 862,423 2,761,238
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,407,560

4,217,782

CREDITORS
Amounts falling due after more than one year 8 (817,148 ) -

PROVISIONS FOR LIABILITIES (28,768 ) (3,504 )
NET ASSETS 4,561,644 4,214,278

CAPITAL AND RESERVES
Called up share capital 9 189 179
Share premium 6,446,337 4,803,886
Retained earnings (1,884,882 ) (589,787 )
SHAREHOLDERS' FUNDS 4,561,644 4,214,278

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

Klura Ltd (Registered number: 12670368)

Balance Sheet - continued
30 June 2024


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 13 September 2024 and were signed on its behalf by:




Dr R Saberi Moghaddam - Director



Dr M J Mohseni - Director


Klura Ltd (Registered number: 12670368)

Notes to the Financial Statements
for the year ended 30 June 2024

1. STATUTORY INFORMATION

Klura Ltd 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.

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.

Development costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Research and development
Expenditure on pure and applied research is written off in the year in which it is incurred.

Development expenditure is written off in the year of expenditure except in the following circumstances when it is capitalised and will be amortised in future periods:

(a) there is a clearly defined project; and

(b) the related expenditure is separately identifiable; and

(c) the outcome of the project has been assessed with reasonable certainty as to:

(i) its technical feasibility; and

(ii) its ultimate commercial viability; and

(d) the aggregate of the deferred development costs, further development costs, and related selling and administration costs are reasonably expected to be exceeded by related future sales.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Klura Ltd (Registered number: 12670368)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 17 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£
COST
At 1 July 2023 1,844,745
Additions 2,967,778
Reclassification/transfer 1,471,354
At 30 June 2024 6,283,877
AMORTISATION
At 1 July 2023 402,216
Charge for year 1,256,775
Reclassification/transfer 343,717
At 30 June 2024 2,002,708
NET BOOK VALUE
At 30 June 2024 4,281,169
At 30 June 2023 1,442,529

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£ £ £ £
COST
At 1 July 2023 - 6,008 19,144 25,152
Additions 337,934 343 6,471 344,748
At 30 June 2024 337,934 6,351 25,615 369,900
DEPRECIATION
At 1 July 2023 - 1,803 9,334 11,137
Charge for year 87,440 952 6,403 94,795
At 30 June 2024 87,440 2,755 15,737 105,932
NET BOOK VALUE
At 30 June 2024 250,494 3,596 9,878 263,968
At 30 June 2023 - 4,205 9,810 14,015

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 20,014 -
Other debtors 184,438 86,608
204,452 86,608

Klura Ltd (Registered number: 12670368)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Hire purchase contracts 38,510 -
Trade creditors 145,346 101,086
Taxation and social security 31,395 32,802
Other creditors 425,981 38,635
641,232 172,523

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Hire purchase contracts 77,201 -
Other creditors 739,947 -
817,148 -

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
90,247 Series Seed-1 Preferred Shares 0.01p 10 -

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £ £
1,471,706 Share capital 1 £0.0001 146 150
289,499 Share capital 2 0.01p 29 29
38,709 Share capital 4 0.01p 4 -
179 179

The following shares were issued during the year:

90,247 Series Seed-1 Preferred Shares shares of 0.01p for cash of £ 1,613,616

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Klura Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Klura Ltd for the year ended 30 June 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Klura Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Klura Ltd and state those matters that we have agreed to state to the Board of Directors of Klura Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Klura Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Klura Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Klura Ltd. You consider that Klura Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Klura Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Bennett Brooks & Co Ltd
Chartered Accountants
19 Trinity Square
Llandudno
CONWY
LL30 2RD


13 September 2024