Company No: 13429789 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	G Ramkumar
	M V Saravana-Kumar

REGISTERED OFFICE	Unit 2 White Oak Square
	London Road
	Swanley
	Kent
	England
	BR8 7AG
	United Kingdom

COMPANY NUMBER

13429789 (England and Wales)

ACCOUNTANT	S&W Partners (South East) Limited
	Brockbourne House
	77 Mount Ephraim
	Royal Tunbridge Wells
	TN4 8BS

	Note	2024		2023
		£		£
Fixed assets
Investments	3	10,130,490		3,166,108
		10,130,490		3,166,108
Current assets
Debtors	4	1,104,450		1,193,858
Cash at bank and in hand		5,046,751		8,276,674
		6,151,201		9,470,532
Creditors: amounts falling due within one year	5	( 129,772)		( 3,990)
Net current assets		6,021,429		9,466,542
Total assets less current liabilities		16,151,919		12,632,650
Provision for liabilities	6	( 221,523)		( 35,066)
Net assets		15,930,396		12,597,584
Capital and reserves
Called-up share capital		100		100
Profit and loss account		15,930,296		12,597,484
Total shareholders' funds		15,930,396		12,597,584

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

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Kovai Holdings Limited (registered number: 13429789) were approved and authorised for issue by the Board of Directors on 01 September 2025. They were signed on its behalf by:

M V Saravana-Kumar Director

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

Kovai Holdings 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 Unit 2 White Oak Square, London Road, Swanley, Kent, England, BR8 7AG, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Kovai Holdings Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate 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.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise on monetary items.

Interest income

Interest income is recognised in the Statement of Income and Retained Earnings using the effective interest method.

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.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

Trade and other debtors

Short-term debtors are measured at transaction price, 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.

Trade and other creditors

Short-term creditors are measured at the transaction price.

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans to related parties and investments in ordinary shares.

Investments
Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Fixed asset investments

Investments in subsidiaries

	2024
	£
Cost
At 01 January 2024	200
At 31 December 2024	200
Carrying value at 31 December 2024	200
Carrying value at 31 December 2023	200

	Listed investments		Total
	£		£
Cost or valuation before impairment
At 01 January 2024	3,165,908		3,165,908
Additions	8,781,333		8,781,333
Disposals	( 2,523,872)		( 2,523,872)
Movement in fair value	706,921		706,921
At 31 December 2024	10,130,290		10,130,290
Carrying value at 31 December 2024	10,130,290		10,130,290
Carrying value at 31 December 2023	3,165,908		3,165,908

4. Debtors

	2024		2023
	£		£
Amounts owed by Group undertakings	1,101,442		527,934
Accrued income	3,008		49,205
Other debtors	0		616,719
	1,104,450		1,193,858

5. Creditors: amounts falling due within one year

	2024		2023
	£		£
Amounts owed to Group undertakings	210		210
Amounts owed to directors	16,200		0
Accruals	4,027		3,780
Taxation and social security	97,335		0
Other creditors	12,000		0
	129,772		3,990

6. Deferred tax

	2024		2023
	£		£
At the beginning of financial year	( 35,066)		( 9,644)
Charged to the Statement of Income and Retained Earnings	( 186,457)		( 25,422)
At the end of financial year	( 221,523)		( 35,066)

The deferred taxation balance is made up as follows:

	2024		2023
	£		£
Potential tax gain on listed investments	( 221,523)		( 35,066)

7. Related party transactions

Transactions with the entity's directors

The Company paid total dividends of £21,600 (2023: £1,372,000) to its directors.

The Company takes advantage of the small companies' exemption and therefore does not report related party transactions with wholly-owned group companies.

8. Ultimate controlling party

M V Saravana-Kumar is the controlling party by virtue of his majority interest in the company.