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REGISTERED NUMBER: 12814193 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Kelp Blue Stipe Limited

Kelp Blue Stipe Limited (Registered number: 12814193)






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

Chartered Accountants' Report 8

Kelp Blue Stipe Limited

Company Information
for the year ended 31 December 2023







DIRECTORS: S C R Blake
Ms C L Slootweg





REGISTERED OFFICE: 17 Elderfield Road
London
E5 0LG





REGISTERED NUMBER: 12814193 (England and Wales)





ACCOUNTANTS: Libra Wealth Management Limited
Suite 5, 10 Churchill Square
West Malling
Kent
ME19 4YU

Kelp Blue Stipe Limited (Registered number: 12814193)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,450 4,518
Investments 5 2,185,772 -
2,189,222 4,518

CURRENT ASSETS
Debtors 6 6,398 339,485
Cash at bank 3,835 -
10,233 339,485
CREDITORS
Amounts falling due within one year 7 4,113 2,514
NET CURRENT ASSETS 6,120 336,971
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,195,342

341,489

CREDITORS
Amounts falling due after more than
one year

8

11,966

508,595
NET ASSETS/(LIABILITIES) 2,183,376 (167,106 )

Kelp Blue Stipe Limited (Registered number: 12814193)

Balance Sheet - continued
31 December 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 2,000 1,000
Share premium 2,354,882 -
Retained earnings (173,506 ) (168,106 )
2,183,376 (167,106 )

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 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 22 April 2024 and were signed on its behalf by:





Ms C L Slootweg - Director


Kelp Blue Stipe Limited (Registered number: 12814193)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Kelp Blue Stipe 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.

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

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.

Kelp Blue Stipe Limited (Registered number: 12814193)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 5,340
DEPRECIATION
At 1 January 2023 822
Charge for year 1,068
At 31 December 2023 1,890
NET BOOK VALUE
At 31 December 2023 3,450
At 31 December 2022 4,518

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 2,185,772
At 31 December 2023 2,185,772
NET BOOK VALUE
At 31 December 2023 2,185,772

The company's investments at the Balance Sheet date in the share capital of companies include the following:


Kelp Blue Stipe Limited (Registered number: 12814193)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

5. FIXED ASSET INVESTMENTS - continued

Kelp Blue Trading Limited
Registered office: 3rd Floor, Mandume Park Building, C/O Dr. W Kulz Street & Teinert Street, Windhoek, Namibia.
Nature of business: aquaculture and marine food processing.
%
Class of shares: holding
Ordinary 96.00

Kelp Blue Aotearoa Forestry Limited
Registered office: 127 Wilton Road, Wilton, Wellington, 6012, New Zealand
Nature of business: aquaculture and marine food processing.
%
Class of shares: holding
Ordinary 100.00

6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Other debtors 1,000 1,000

Amounts falling due after more than one year:
Amounts owed by group undertakings 5,398 338,485

Aggregate amounts 6,398 339,485

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 4,113 2,514

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Amounts owed to group undertakings 11,966 508,595

Kelp Blue Stipe Limited (Registered number: 12814193)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Kelp Blue Stipe Limited

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 Kelp Blue Stipe Limited for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 Kelp Blue Stipe Limited, 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 Kelp Blue Stipe Limited and state those matters that we have agreed to state to the Board of Directors of Kelp Blue Stipe Limited, 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 Kelp Blue Stipe Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Kelp Blue Stipe Limited 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 Kelp Blue Stipe Limited. You consider that Kelp Blue Stipe Limited 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 Kelp Blue Stipe Limited. 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.






Libra Wealth Management Limited
Suite 5, 10 Churchill Square
West Malling
Kent

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Kelp Blue Stipe Limited

ME19 4YU


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