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REGISTERED NUMBER: 15057864 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

8 AUGUST 2023 TO 31 DECEMBER 2024

FOR

KAGA LIMITED

KAGA LIMITED (REGISTERED NUMBER: 15057864)

CONTENTS OF THE FINANCIAL STATEMENTS
for the period 8 August 2023 to 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KAGA LIMITED

COMPANY INFORMATION
for the period 8 August 2023 to 31 December 2024







DIRECTOR: K Nikolopoulos





REGISTERED OFFICE: Magma House Unit 16 Davy Court
Castle Mound Way
Rugby
United Kingdom
CV23 0UZ





REGISTERED NUMBER: 15057864 (England and Wales)





ACCOUNTANTS: Magma Audit LLP
16 Davy Court
Castle Mound Way
Rugby, CV23 0UZ
Magma Audit LLP is part
Of the Dains Group

KAGA LIMITED (REGISTERED NUMBER: 15057864)

BALANCE SHEET
31 December 2024

Notes £   
FIXED ASSETS
Tangible assets 4 860
Investments 5 538,603
539,463

CREDITORS
Amounts falling due within one year 6 (585,736 )
NET CURRENT LIABILITIES (585,736 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(46,273

)

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings (46,373 )
(46,273 )

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 director acknowledges his 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 director and authorised for issue on 8 May 2025 and were signed by:





K Nikolopoulos - Director


KAGA LIMITED (REGISTERED NUMBER: 15057864)

NOTES TO THE FINANCIAL STATEMENTS
for the period 8 August 2023 to 31 December 2024


1. STATUTORY INFORMATION

Kaga Limited is a limited company, registered in England and Wales. Its registered office address is Magma House Unit 16 Davy Court, Castle Mound Way, Rugby, United Kingdom, CV23 0UZ and the registered number is 15057864.

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 as modified by the revaluation of certain assets.

The presentation currency of the financial statements is Pound Sterling (£) and the figures are rounded to the nearest £1.

Going Concern
At the year end the company had net current liabilities of £46,273. The director has considered this and prepared the financial statements on a going concern basis. The director has confirmed that he will continue to support the company financially for the foreseeable future.

Tangible fixed assets
Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated
impairment losses. Historical costs includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using either a straight line or reducing balance method, as indicated below:

Computer Equipment20% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Financial instruments
(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest rate method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate.


KAGA LIMITED (REGISTERED NUMBER: 15057864)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 8 August 2023 to 31 December 2024


2. ACCOUNTING POLICIES - continued
Taxation
The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Investments
Current asset investments are stated at the market value on the balance sheet date. Movements in the market value are recognised in the profit and loss account. Income is disclosed in the profit and loss account as dividends, by reference to the date the dividend was declared

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 1,200
At 31 December 2024 1,200
DEPRECIATION
Charge for period 340
At 31 December 2024 340
NET BOOK VALUE
At 31 December 2024 860

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
Additions 563,549
Revaluations (24,946 )
At 31 December 2024 538,603
NET BOOK VALUE
At 31 December 2024 538,603

KAGA LIMITED (REGISTERED NUMBER: 15057864)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 8 August 2023 to 31 December 2024


5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 December 2024 is represented by:

Other
investments
£   
Cost 538,603

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 281
Other creditors 585,455
585,736

7. CAPITAL COMMITMENTS
£   
Contracted but not provided for in the
financial statements 288,075

8. RELATED PARTY DISCLOSURES

During the year the company received loans totalling £563,863 from a company under common control. As at the period end the company owed £563,863 to the company the loans were issued from.