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REGISTERED NUMBER: 15457222 (England and Wales)

Unaudited Financial Statements

for the Period 31 January 2024 to 31 December 2024

for

Kulipa Limited

Kulipa Limited (Registered number: 15457222)

Contents of the Financial Statements

for the Period 31 January 2024 to 31 December 2024

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Kulipa Limited

Company Information

for the Period 31 January 2024 to 31 December 2024

| DIRECTORS: | A Cateland

| M Shynar

| SECRETARY: | Fieldfisher Secretaries Limited

| REGISTERED OFFICE: | C/o Fieldfisher Riverbank House

| 2 Swan Lane

| London

| EC4R 3TT

| REGISTERED NUMBER: | 15457222 (England and Wales)

Kulipa Limited (Registered number: 15457222)

Balance Sheet

31 December 2024

| Notes | £ | £ |

| FIXED ASSETS

| Tangible assets | 4 | 5,723 |  |

| CURRENT ASSETS

| Debtors | 5 | 1,047,166 |  |  |

| Cash at bank | 44,588 |  |  |

1,091,754 |  |

| CREDITORS

| Amounts falling due within one year | 6 | 1,217,968 |  |

| NET CURRENT LIABILITIES | (126,214 | ) |

| TOTAL ASSETS LESS CURRENT LIABILITIES | (120,491 | ) |

| CAPITAL AND RESERVES

| Called up share capital | 1,000 |  |

| Retained earnings | (121,491 | ) |

(120,491 | ) |

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 directors acknowledge their 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.

Kulipa Limited (Registered number: 15457222)

Balance Sheet - continued

31 December 2024

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 September 2025 and were signed on its behalf by:

M Shynar - Director

Kulipa Limited (Registered number: 15457222)

Notes to the Financial Statements

for the Period 31 January 2024 to 31 December 2024

1. | STATUTORY INFORMATION

| Kulipa Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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

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.

| Turnover

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

| Tangible fixed assets

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

| Fixtures & fittings 25% reducing balance

| Computer equipment 25% reducing balance

| Taxation

| The tax expense represents the sum of the tax currently payable and deferred tax.

| Current tax

| The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expenses that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for the current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Kulipa Limited (Registered number: 15457222)

Notes to the Financial Statements - continued

for the Period 31 January 2024 to 31 December 2024

2. | ACCOUNTING POLICIES - continued

| Deferred tax

| Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more, tax.

| Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

| Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

| Going concern

| The financial statements have been prepared on a going concern basis. The directors believe

| the company will be able to continue to operate and meet its obligation as they fall due for the

| foreseeable future. The director has reviewed the company's business activities, together with

| factors likely to affect the company's future development, performance and cash flow position.

| The companies within the group form an operating model that ensure revenue and profits are economically allocated to the company which has earned them. The directors have considered, that as part of a larger group of companies, the company has the ability to obtain financial support from the group where necessary and take action to ensure the continuity of the business.

| On the basis of the directors' assessment of the company's financial position and group support, the directors consider that the company is well placed to manage its business risks successfully and has a reasonable expectation that the company will continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing these financial statements.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the period was 4 .

Kulipa Limited (Registered number: 15457222)

Notes to the Financial Statements - continued

for the Period 31 January 2024 to 31 December 2024

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| Additions | 7,631 |  |

| At 31 December 2024 | 7,631 |  |

| DEPRECIATION

| Charge for period | 1,908 |  |

| At 31 December 2024 | 1,908 |  |

| NET BOOK VALUE

| At 31 December 2024 | 5,723 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

£ |

| Amounts owed by group undertakings | 1,034,230 |  |

| Other debtors | 12,936 |  |

1,047,166 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

£ |

| Amounts owed to group undertakings | 1,189,094 |  |

| Taxation and social security | 23,674 |  |

| Other creditors | 5,200 |  |

1,217,968 |  |

7. | RELATED PARTY DISCLOSURES

| The company has taken advantage of the exemption provided by FRS102 S1A from disclosing

| transactions with members of the same group that are wholly owned.

8. | ULTIMATE CONTROLLING PARTY

| The company's controlling party and parent company is Kulipa Inc, a company incorporated in USA.