| REGISTERED NUMBER: |
| Financial Statements for the Year Ended 31 January 2025 |
| for |
| KETCH KLOUD LTD |
| REGISTERED NUMBER: |
| Financial Statements for the Year Ended 31 January 2025 |
| for |
| KETCH KLOUD LTD |
| KETCH KLOUD LTD (REGISTERED NUMBER: 13839786) |
| Contents of the Financial Statements |
| FOR THE YEAR ENDED 31 JANUARY 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| KETCH KLOUD LTD |
| Company Information |
| FOR THE YEAR ENDED 31 JANUARY 2025 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| 5th Floor |
| 111 Charterhouse Street |
| London |
| EC1M 6AW |
| KETCH KLOUD LTD (REGISTERED NUMBER: 13839786) |
| Balance Sheet |
| 31 JANUARY 2025 |
| 2025 | 2024 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Debtors | 4 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 6 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The financial statements were approved by the director and authorised for issue on |
| KETCH KLOUD LTD (REGISTERED NUMBER: 13839786) |
| Notes to the Financial Statements |
| FOR THE YEAR ENDED 31 JANUARY 2025 |
| 1. | STATUTORY INFORMATION |
| Ketch Kloud Ltd is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| All amounts have been rounded to the nearest £1 pound sterling, unless otherwise indicated |
| Turnover |
| The Company is contracted with its immediate and ultimate parent company to provide sales and marketing services in the UK. The turnover represents revenue under the terms of the services agreement which is on a cost-plus basis. Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| The following criteria must also be met before revenue is recognised: |
| Rendering of services |
| Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: |
| 1. the amount of revenue can be measured reliably; |
| 2. it is probable that the Company will receive the consideration due under the contract; |
| 3. the stage of completion of the contract at the end of the reporting period can be measured reliably; and |
| 4. the costs incurred and the costs to complete the contract can be measured reliably. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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. |
| 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. |
| Pension costs and other post-retirement benefits |
| The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. |
| The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds. |
| Debtors |
| Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment. |
| Cash and cash equivalents |
| Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of aquisition and that are readily convertible to known amounts of cash with insignificant risk of change of value. |
| KETCH KLOUD LTD (REGISTERED NUMBER: 13839786) |
| Notes to the Financial Statements - continued |
| FOR THE YEAR ENDED 31 JANUARY 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| Creditors |
| Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Amounts owed by group undertakings |
| Other debtors |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 6. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2025 | 2024 |
| value: | £ | £ |
| Ordinary | 1 | 1,000 | 1,000 |
| 7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| 8. | RELATED PARTY DISCLOSURES |
| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
| 9. | ULTIMATE CONTROLLING PARTY |
| The Company is a wholly owned subsidiary of Ketch Kloud, Inc. a company incorporated in the United States of America. As at 31 January 2025, the company's ultimate parent undertaking was Ketch Kloud, Inc. |
| The smallest group in which the results of the company are consolidated is headed by Ketch Kloud, Inc with its registered address 140 New Montgomery, San Francisco, CA 94105. |