IRIS Accounts Production v24.3.0.553 13839786 director 1.2.23 31.1.24 31.1.24 29.10.24 false true false false true true true false Auditors Opinion Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh138397862023-01-31138397862024-01-31138397862023-02-012024-01-31138397862022-01-10138397862022-01-112023-01-31138397862023-01-3113839786ns15:EnglandWales2023-02-012024-01-3113839786ns14:PoundSterling2023-02-012024-01-3113839786ns10:Director12023-02-012024-01-3113839786ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3113839786ns10:SmallEntities2023-02-012024-01-3113839786ns10:Audited2023-02-012024-01-3113839786ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3113839786ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3113839786ns10:FullAccounts2023-02-012024-01-3113839786ns10:OrdinaryShareClass12023-02-012024-01-3113839786ns10:RegisteredOffice2023-02-012024-01-3113839786ns5:CurrentFinancialInstruments2024-01-3113839786ns5:CurrentFinancialInstruments2023-01-3113839786ns5:ShareCapital2024-01-3113839786ns5:ShareCapital2023-01-3113839786ns5:RetainedEarningsAccumulatedLosses2024-01-3113839786ns5:RetainedEarningsAccumulatedLosses2023-01-3113839786ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3113839786ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-3113839786ns10:OrdinaryShareClass12024-01-31
REGISTERED NUMBER: 13839786 (England and Wales)















Financial Statements for the Year Ended 31 January 2024

for

KETCH KLOUD LTD

KETCH KLOUD LTD (REGISTERED NUMBER: 13839786)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KETCH KLOUD LTD

Company Information
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: T A Chavez





REGISTERED OFFICE: 5 New Street Square
London
United Kingdom
EC4A 3TW





REGISTERED NUMBER: 13839786 (England and Wales)





AUDITORS: WD Audit Limited (Statutory Auditor)
5th Floor
111 Charterhouse Street
London
EC1M 6AW

KETCH KLOUD LTD (REGISTERED NUMBER: 13839786)

Balance Sheet
31 JANUARY 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 141,540 156,877
Cash at bank 59,720 59,757
201,260 216,634
CREDITORS
Amounts falling due within one year 5 111,118 156,803
NET CURRENT ASSETS 90,142 59,831
TOTAL ASSETS LESS CURRENT
LIABILITIES

90,142

59,831

CAPITAL AND RESERVES
Called up share capital 6 1,000 1,000
Retained earnings 89,142 58,831
SHAREHOLDERS' FUNDS 90,142 59,831

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 director and authorised for issue on 28 October 2024 and were signed by:





T A Chavez - Director


KETCH KLOUD LTD (REGISTERED NUMBER: 13839786)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

Ketch Kloud 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.

All amounts have been rounded to the nearest £1 pound sterling, unless otherwise indicated

Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for a period of at least twelve months from the date of signing this report.

The company relies on the continued support from its parent company Ketch Kloud, Inc. which has confirmed that it will continue to provide for the foreseeable future. On that basis, the directors continue to adopt the going concern basis of accounting in preparing the annual financial statement.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

KETCH KLOUD LTD (REGISTERED NUMBER: 13839786)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2024


2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of aquisition and that are readily convertible to known amounts of cash with insignificant risk of change of value.

Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 135,343 71,394
Other debtors 6,197 85,483
141,540 156,877

KETCH KLOUD LTD (REGISTERED NUMBER: 13839786)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2024


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 30,335
Taxation and social security 23,635 15,000
Other creditors 87,483 111,468
111,118 156,803

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary 1 1,000 1,000

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Roy Davis FCA (Senior Statutory Auditor)
for and on behalf of WD Audit Limited (Statutory Auditor)

8. 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.

9. ULTIMATE CONTROLLING PARTY

The Company is a wholly owned subsidiary of Ketch Kloud, Inc. a company incorporated in the United States of America. As at 31 January 2024, the company's ultimate parent undertaking was Ketch Kloud, Inc.

The smallest group in which the results of the company are consolidated is headed by Ketch Kloud, Inc with its registered address 23 Geary St, San Francisco, CA 94198.