Company No: 14271927 (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

14271927 (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	949,106		446,753
		949,106		446,753
Current assets
Debtors	4	166		166
Cash at bank and in hand	5	151,763		85,891
		151,929		86,057
Creditors: amounts falling due within one year	6	( 1,105,181)		( 531,715)
Net current liabilities		(953,252)		(445,658)
Total assets less current liabilities		(4,146)		1,095
Net (liabilities)/assets		( 4,146)		1,095
Capital and reserves
Called-up share capital		100		100
Profit and loss account		( 4,246 )		995
Total shareholder's (deficit)/funds		( 4,146)		1,095

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 member has 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 Ventures Limited (registered number: 14271927) 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 Ventures 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 Ventures 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.

Going concern

During the year the Company made a loss, and at the year-end the Company has net liabilities. Having taken into account all available information about the Company's trading prospects and cashflow requirements for 12 months from the date of approval of the financial statements, the directors consider that the Company is a going concern given the expected future performance of the Group, and that the Group will support the Company going forward for any liabilities that fall due.

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.

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.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

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. Other financial liabilities are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method.

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, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Investments
Investments in unlisted Company shares, whose market value can be reliably determined, 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. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

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

	Other investments		Total
	£		£
Cost or valuation before impairment
At 01 January 2024	446,753		446,753
Additions	502,353		502,353
At 31 December 2024	949,106		949,106
Carrying value at 31 December 2024	949,106		949,106
Carrying value at 31 December 2023	446,753		446,753

4. Debtors

	2024		2023
	£		£
Other debtors	166		166

5. Cash and cash equivalents

	2024		2023
	£		£
Cash at bank and in hand	151,763		85,891

6. Creditors: amounts falling due within one year

	2024		2023
	£		£
Amounts owed to Parent undertakings	1,101,342		527,834
Corporation tax	0		281
Other creditors	3,839		3,600
	1,105,181		531,715

7. Financial commitments

Commitments

The company has commitments contracted for but not provided for in the financial statements of $1,147,500 (2023: $553,520).

8. Related party transactions

Transactions with owners holding a participating interest in the entity

During the period the Company was loaned £1,101,341.54 (2023: £527,834) by its Parent Company to fund the investments made. As at the period end the whole amount was outstanding. This loan is unsecured, interest free and is repayable on demand.

9. Ultimate controlling party

The ultimate parent company is Kovai Holdings Limited, which is a private company limited by shares domiciled and incorporated in England and Wales. The address of its registered office and principal place of business in Unit 2, White Oak Square, London Road, Swanley, BR8 7AG. The ultimate controlling party is M. V. Saravana-Kumar by virtue of their shareholding in Kovai Holdings Limited.