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Registration number: 13999771

Kevo Holdings Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Kevo Holdings Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Kevo Holdings Ltd

Company Information

Director

I Kara

Registered office

Dunham House
Brooke Court
Lower Meadow Road
Handforth
Wilmslow
SK9 3ND

Accountants

Coates and Partners Limited
The Old Vicarage
51 St John Street
Ashbourne
Derbyshire
DE6 1GP

 

Kevo Holdings Ltd

(Registration number: 13999771)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

4

34,612

34,612

Current assets

 

Debtors

5

5,093,432

5,102,433

Creditors: Amounts falling due within one year

6

(5,143,687)

(5,140,046)

Net current liabilities

 

(50,255)

(37,613)

Net liabilities

 

(15,643)

(3,001)

Capital and reserves

 

Called up share capital

301

301

Retained earnings

(15,944)

(3,302)

Shareholders' deficit

 

(15,643)

(3,001)

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

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland'.

Approved and authorised by the director on 18 March 2025
 

.........................................
I Kara
Director

   
     
 

Kevo Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital incorporated in England and Wales registration number: 13999771.

The address of its registered office is:
Dunham House
Brooke Court
Lower Meadow Road
Handforth
Wilmslow
SK9 3ND
England

These financial statements were authorised for issue by the director on 18 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency is £ sterling.

Group accounts not prepared

The company is part of a small group and taken advantage of the exemption provided by section 399 of the Companies Act 2006 and has not prepared group accounts..

Going concern

The financial statements have been prepared on a going concern basis. The Director will not repay the related party loans unless funds are available to do so.

 

Kevo Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

2

Accounting policies (continued)

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 0).

4

Investments

2024
£

2023
£

Investments in subsidiaries

21,237

21,237

Investments in associates

13,375

13,375

34,612

34,612

 

Kevo Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

4

Investments (continued)

Subsidiaries

£

Cost or valuation

At 1 April 2023

21,237

Provision

Carrying amount

At 31 March 2024

21,237

At 31 March 2023

21,237

Associates

£

Cost

At 1 April 2023

13,375

Provision

Carrying amount

At 31 March 2024

13,375

At 31 March 2023

13,375

5

Debtors

Current

Note

2024
£

2023
£

Amounts owed by related parties

8

5,093,432

5,102,432

Other debtors

 

-

1

   

5,093,432

5,102,433

 

Kevo Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

5,137,944

5,137,944

Trade creditors

 

3,434

902

Accruals and deferred income

 

2,300

1,200

Other creditors

 

9

-

 

5,143,687

5,140,046

7

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Other borrowings

5,137,944

5,137,944

8

Related party transactions

Summary of transactions with related parties

The company has made interest free loans to subsidiary and associate companies amounting to £5,093,432 (2023 - £5,102,432) , these are repayable on demand.

The company has received interest free loans from companies that the director has interest in or are related parties amounting to £5,137,944 (2023 - £5,137,944), these are repayable on demand.