IRIS Accounts Production v24.3.2.46 09955096 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh099550962023-03-31099550962024-03-31099550962023-04-012024-03-31099550962022-03-31099550962022-04-012023-03-31099550962023-03-3109955096ns15:EnglandWales2023-04-012024-03-3109955096ns14:Euro2023-04-012024-03-3109955096ns10:Director12023-04-012024-03-3109955096ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3109955096ns10:SmallEntities2023-04-012024-03-3109955096ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3109955096ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3109955096ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3109955096ns10:FullAccounts2023-04-012024-03-3109955096ns10:Director22023-04-012024-03-3109955096ns10:RegisteredOffice2023-04-012024-03-3109955096ns5:CurrentFinancialInstruments2024-03-3109955096ns5:CurrentFinancialInstruments2023-03-3109955096ns5:ShareCapital2024-03-3109955096ns5:ShareCapital2023-03-3109955096ns5:SharePremium2024-03-3109955096ns5:SharePremium2023-03-3109955096ns5:FurtherSpecificReserve1ComponentTotalEquity2024-03-3109955096ns5:FurtherSpecificReserve1ComponentTotalEquity2023-03-3109955096ns5:RetainedEarningsAccumulatedLosses2024-03-3109955096ns5:RetainedEarningsAccumulatedLosses2023-03-3109955096ns5:CostValuation2023-03-3109955096ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3109955096ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3109955096ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2024-03-3109955096ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2023-03-31
REGISTERED NUMBER: 09955096 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2024

for

KRAFTPAL SHARECO LIMITED

KRAFTPAL SHARECO LIMITED (REGISTERED NUMBER: 09955096)

Contents of the Financial Statements
for the year ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KRAFTPAL SHARECO LIMITED

Company Information
for the year ended 31 March 2024







Directors: G Brajovic
R T Chimelis





Registered office: New Broad Street House
35 New Broad Street
London
EC2M 1NH





Registered number: 09955096 (England and Wales)





Accountants: Cooper Parry Advisory Limited
Aissela
46 High Street
Esher
Surrey
KT10 9QY

KRAFTPAL SHARECO LIMITED (REGISTERED NUMBER: 09955096)

Balance Sheet
31 March 2024

2024 2023
Notes €    €    €    €   
Fixed assets
Investments 5 20 20

Current assets
Debtors 6 5,424,331 5,426,392

Creditors
Amounts falling due within one year 7 13,000 4,864
Net current assets 5,411,331 5,421,528
Total assets less current liabilities 5,411,351 5,421,548

Capital and reserves
Called up share capital 8 364,737 364,737
Share premium 3,888,399 3,888,399
Other reserves 72,649 72,649
Retained earnings 1,085,566 1,095,763
Shareholders' funds 5,411,351 5,421,548

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 April 2024 and were signed on its behalf by:





G Brajovic - Director


KRAFTPAL SHARECO LIMITED (REGISTERED NUMBER: 09955096)

Notes to the Financial Statements
for the year ended 31 March 2024


1. Statutory information

Kraftpal Shareco 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.

The presentation currency of the financial statements is the Euro (€).


2. Statement of compliance

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. 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 1 A "Small Entities" and the Companies Act 2006.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Going concern
The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment. The directors are therefore of the opinion that they should continue to adopt the going concern basis of accounting in preparing the financial statements.

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

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

KRAFTPAL SHARECO LIMITED (REGISTERED NUMBER: 09955096)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


3. Accounting policies - continued

Foreign currencies
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.
At each reporting year-end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at the year-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the income statement.

Cash & cash equivalents
Cash and cash equivalents comprise cash on hand and demand deposits and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk to changes in value.

4. Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

5. Fixed asset investments
Other
investments
€   
Cost
At 1 April 2023
and 31 March 2024 20
Net book value
At 31 March 2024 20
At 31 March 2023 20

6. Debtors
2024 2023
€    €   
Amounts falling due within one year:
Other debtors 484,464 484,398

Amounts falling due after more than one year:
Other debtors 4,939,867 4,941,994

Aggregate amounts 5,424,331 5,426,392

7. Creditors: amounts falling due within one year
2024 2023
€    €   
Trade creditors 232 2,406
Amounts owed to group undertakings 3,357 120
Other creditors 9,411 2,338
13,000 4,864

KRAFTPAL SHARECO LIMITED (REGISTERED NUMBER: 09955096)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
1 A Ordinary 0.0055 1 1
65,024,662 B Ordinary 0.0055 357,635 357,635
129,017,819 C Ordinary 0.000055 7,096 7,096
100,000 D Ordinary 0.000055 5 5
364.737 364,737

9. Other financial commitments

On 4 April 2022 the company entered into two off-balance sheet arrangements whereby the company shall pay a total amount of €5,250,000 over a 7 year period and €525,000 over a 5 year period, in exchange for the provision of management, consulting and financial planning services to the company on an ongoing basis in connection with the growth of the company and its investments.

The financial obligations arising as a result of the arrangements entered into above are exclusively attached to, and borne by, the company’s A Ordinary shares.

10. Related party disclosures

On 4 April 2022 the company entered into an off-balance sheet arrangement with a company under common control and directorship. The company will pay a total amount of €5,250,000, over a 7 year period, in exchange for the provision of management, consulting and financial planning services to the company on an ongoing basis. At the statement of financial position date the company was owed €5,423,862 (2023: €5,425,618) by companies under common control and directorship. No interest has been accrued on this loan in the current year. The financial asset arising from the loan is exclusively attached to the company's A Ordinary shares.