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REGISTERED NUMBER: 15350699 (England and Wales)














Unaudited Financial Statements

for the period

14 December 2023 to 31 December 2024

for

KASHMIR INTELLIGENCE LTD

KASHMIR INTELLIGENCE LTD (REGISTERED NUMBER: 15350699)

Contents of the Financial Statements
for the period 14 December 2023 to 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KASHMIR INTELLIGENCE LTD

Company Information
for the period 14 December 2023 to 31 December 2024







Directors: Dr S Tukra
C Adamson
F G A Destin
D Smith





Secretary: C Adamson





Registered office: New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: 15350699 (England and Wales)





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

KASHMIR INTELLIGENCE LTD (REGISTERED NUMBER: 15350699)

Balance Sheet
31 December 2024

Notes £    £   
Fixed assets
Tangible assets 4 37,576

Current assets
Debtors 5 86,943
Cash at bank 2,853,282
2,940,225
Creditors
Amounts falling due within one year 6 626,075
Net current assets 2,314,150
Total assets less current liabilities 2,351,726

Capital and reserves
Called up share capital 7 3
Share premium 3,470,414
Retained earnings (1,118,691 )
Shareholders' funds 2,351,726

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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 29 March 2025 and were signed on its behalf by:





C Adamson - Director


KASHMIR INTELLIGENCE LTD (REGISTERED NUMBER: 15350699)

Notes to the Financial Statements
for the period 14 December 2023 to 31 December 2024


1. Statutory information

Kashmir Intelligence 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Computer equipment - 33% on cost

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.


KASHMIR INTELLIGENCE LTD (REGISTERED NUMBER: 15350699)

Notes to the Financial Statements - continued
for the period 14 December 2023 to 31 December 2024


2. Accounting policies - continued
Taxation
Taxation for the period 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the period was 4 .

4. Tangible fixed assets
Plant and Computer
machinery equipment Totals
£    £    £   
Cost
Additions 22,252 23,324 45,576
At 31 December 2024 22,252 23,324 45,576
Depreciation
Charge for period 3,299 4,701 8,000
At 31 December 2024 3,299 4,701 8,000
Net book value
At 31 December 2024 18,953 18,623 37,576

5. Debtors: amounts falling due within one year
£   
Trade debtors 8,730
Other debtors 78,213
86,943

6. Creditors: amounts falling due within one year
£   
Trade creditors 77,734
Taxation and social security 28,451
Other creditors 519,890
626,075

KASHMIR INTELLIGENCE LTD (REGISTERED NUMBER: 15350699)

Notes to the Financial Statements - continued
for the period 14 December 2023 to 31 December 2024


7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
28,384,819 Ordinary 0.0000001 3

During the year the company issued 28,384,819 ordinary shares for a total consideration of £3,470,417.

8. Convertible loan notes

The convertible loan notes were issued on 27 September 2024. Interest accrues on the principal of £500,000 at 5% per annum, payable in arrears.