REGISTERED NUMBER: 08463849 (England and Wales)

ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 DECEMBER 2024

FOR

IRON BLUE LTD

PREVIOUSLY KNOWN AS

KIWI FIVE LTD

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mr Kevin Alexander Valdez

REGISTERED OFFICE:

c/o Michael Filiou Ltd

Salisbury House

81 High Street

Potters Bar

Hertfordshire

EN6 5AS

REGISTERED NUMBER:

08463849 (England and Wales)

ACCOUNTANTS:

Michael Filiou Ltd

Chartered Certified Accountants

www.michaelfiliou.com

Salisbury House

81 High Street

Potters Bar

Hertfordshire

EN6 5AS

FIXED ASSETS

Intangible assets

5

87,609

123,580

Tangible assets

6

254

339

Investments

7

1,895

1,895

89,758

125,814

CURRENT ASSETS

Cash at bank and in hand

75

-

CREDITORS

Amounts falling due within one year

344,167

369,199

NET CURRENT LIABILITIES

(344,092

)

(369,199

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(254,334

)

(243,385

)

CREDITORS

Amounts falling due after more than one year

18,659

-

NET LIABILITIES

(272,993

)

(243,385

)

CAPITAL AND RESERVES

Called up share capital

8

1,000

1,000

Retained earnings

(273,993

)

(244,385

)

SHAREHOLDERS' FUNDS

(272,993

)

(243,385

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 29 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 August 2025 and were signed by:

Mr Kevin Alexander Valdez - Director

1.	STATUTORY INFORMATION

Kiwi Five Ltd, is private company, limited by shares, registered in England and Wales. The company's registered number is 08463849 and registered office address is C/O Michael Filiou Ltd, Salisbury House, 81 High Street, Potters Bar, Hertfordshire EN6 5AS.

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

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Preparation of consolidated financial statements

The financial statements contain information about Iron Blue Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption

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. Transactions which occured during the year with related parties were at an arm's length.

Turnover

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

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of four years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

5.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 30 December 2023

and 29 December 2024

274,297

AMORTISATION

At 30 December 2023

150,717

Amortisation for year

35,971

At 29 December 2024

186,688

NET BOOK VALUE

At 29 December 2024

87,609

At 29 December 2023

123,580

6.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 30 December 2023

and 29 December 2024

3,383

DEPRECIATION

At 30 December 2023

3,044

Charge for year

85

At 29 December 2024

3,129

NET BOOK VALUE

At 29 December 2024

254

At 29 December 2023

339

7.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 30 December 2023

and 29 December 2024

1,895

NET BOOK VALUE

At 29 December 2024

1,895

At 29 December 2023

1,895

The company's investments at the Statement of Financial Position date in the share capital of companies include the following:

Kiwi Five Italy S.r.l

Registered office: Via Dei Cardi 1, Ariccia, Roma, 00072, Italy

Nature of business: Computer Consultancy

%

Class of shares:

holding

Ordinary

85.00

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1,000

Ordinary

£1

1,000

1,000

9.	RELATED PARTY DISCLOSURES

AGS United Inc

AGS United Inc is a company incorporated in the USA , which is controlled by the Cesarini family, who also control Iron Blue Ltd.

At the reporting date, the company owed AGS United Inc £Nil (2023 - £3,793).

Avio Global Services SRL

Avio Global Services SRL is a company incorporated in Italy, which is controlled by the Cesarini family, who also control Iron Blue Ltd.

At the reporting date, Avio Global Services SRL was owed £55,025 (2023 - £55,025) by the company.

Kiwi Five Srl

Kiwi Five Srl is a company incorporated in Italy and a subsidiary of Iron Blue Ltd.

At the reporting date, Avio Global Services SRL was owed £216,749 (2023 - £216,749) by the company.

AGS Corporation Ltd

AGS Corporation Ltd is a company incorporated in England, which is controlled by the Cesarini family, who also control Iron Blue Ltd.

At the reporting date, AGS Corporation Ltd was owed £58,973 (2023 - £58,973) by the company.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr Andrea Cesarini.