KYMA LEISURE LIMITED

Company Registration Number:
10666332 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 April 2024

End date: 31 December 2024

KYMA LEISURE LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Notes

KYMA LEISURE LIMITED

Balance sheet

As at 31 December 2024


Notes

31 December 2024

31 March 2024


£

£
Called up share capital not paid: 1 1
Fixed assets
Investments: 3 485,237 485,237
Total fixed assets: 485,237 485,237
Current assets
Total assets less current liabilities: 485,238 485,238
Creditors: amounts falling due after more than one year: 4 (485,237) (485,237)
Total net assets (liabilities): 1 1
Capital and reserves
Called up share capital: 1 1
Shareholders funds: 1 1

The notes form part of these financial statements

KYMA LEISURE LIMITED

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 18 March 2025
and signed on behalf of the board by:

Name: Michael Taylor
Status: Director

The notes form part of these financial statements

KYMA LEISURE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

KYMA LEISURE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

2. Employees

31 December 2024 31 March 2024
Average number of employees during the period 0 0

KYMA LEISURE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Fixed investments

Valuation of investments Investments in subsidiaries are measured at cost less accumulated impairment.

KYMA LEISURE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Creditors: amounts falling due after more than one year note

Investment and associated loan – On 1 April 2021 the company entered into a £375 thousand loan, at 10% p.a. with a financial entity to make a further loan (a “back to back” loan) to an England based technology managed services private company for £375 thousand, at 10% p.a. In connection with this loan to the England based technology managed services private company, the company received 20% ownership for £1 fully-paid consideration. At the end of May 2022, all parties entered into a debt for equity swap whereby the £375 thousand loan was reduced to a £50 thousand loan and £325 thousand was converted to fully-paid equity of 95% ownership in the England based technology managed services private company. All parties to the loan agreements have mutually agreed to defer any cash repayments until after 31 December, 2025. On September 16, 2023, the company exchanged its shareholdings in the England based technology managed services private company for shares in a newly formed parent holding company based in Morocco.