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Company No: 12941883 (England and Wales)

KATORO GREEN LIMITED

Unaudited Financial Statements
For the financial year ended 31 October 2024
Pages for filing with the registrar

KATORO GREEN LIMITED

Unaudited Financial Statements

For the financial year ended 31 October 2024

Contents

KATORO GREEN LIMITED

BALANCE SHEET

As at 31 October 2024
KATORO GREEN LIMITED

BALANCE SHEET (continued)

As at 31 October 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 2,675,567 2,352,181
2,675,567 2,352,181
Current assets
Debtors 4 146 77
Cash at bank and in hand 16,736 18,110
16,882 18,187
Creditors: amounts falling due within one year 5 ( 2,450,470) ( 2,393,967)
Net current liabilities (2,433,588) (2,375,780)
Total assets less current liabilities 241,979 (23,599)
Provision for liabilities 6 ( 27,000) 0
Net assets/(liabilities) 214,979 ( 23,599)
Capital and reserves
Called-up share capital 7 200,000 200,000
Undistributable reserve 416,519 158,307
Profit and loss account ( 401,540 ) ( 381,906 )
Total shareholders' funds/(deficit) 214,979 ( 23,599)

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

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Katoro Green Limited (registered number: 12941883) were approved and authorised for issue by the Board of Directors on 14 April 2025. They were signed on its behalf by:

E Pryce
Director
KATORO GREEN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2024
KATORO GREEN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Katoro Green Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is:

Centenary House
Peninsula Park
Rydon Lane
Exeter
EX2 7XE

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover is generated from the following:
- Dividends from listed investments are recognised in the profit and loss account on a receipt basis in the period in which it arises.
- Interest receivable is recognised in the profit or loss account on an accruals basis in the period in which it arises.
- The realised profit or loss upon the sale of investments is recognised in the profit and loss account in the period in which the sale occurs.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 0

3. Fixed asset investments

Listed investments Total
£ £
Cost or valuation before impairment
At 01 November 2023 2,352,181 2,352,181
Additions 1,401,464 1,401,464
Disposals ( 1,336,290) ( 1,336,290)
Movement in fair value 258,212 258,212
At 31 October 2024 2,675,567 2,675,567
Carrying value at 31 October 2024 2,675,567 2,675,567
Carrying value at 31 October 2023 2,352,181 2,352,181

4. Debtors

2024 2023
£ £
Other debtors 146 77

5. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to directors 6,722 2,869
Other loans 2,300,000 2,300,000
Accruals 143,748 91,098
2,450,470 2,393,967

Included within other loans is an unsecured loan note amounting to £2,300,000 where interest is accrued daily using official HMRC rate. The loan note can be redeemed for payment within five business days.

6. Deferred tax

2024 2023
£ £
At the beginning of financial year 0 0
Charged to the Profit and Loss Account ( 27,000) 0
At the end of financial year ( 27,000) 0

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
50,000 A ordinary shares of £ 1.00 each 50,000 50,000
50,000 B ordinary shares of £ 1.00 each 50,000 50,000
50,000 C ordinary shares of £ 1.00 each 50,000 50,000
50,000 D ordinary shares of £ 1.00 each 50,000 50,000
200,000 200,000

The ordinary share classes of B, C and D shares have equal rights including voting rights. Class A has veto right on appointment and removal of directors and on amendment of the Article granting such above right; no right to vote on any other matter; no rights to income or capital.