COCONUT ENTERPRISES LIMITED

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 03212145

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		5,939,204		5,966,605
Tangible Assets	5		410		547

			5,939,614		5,967,152
CURRENT ASSETS
Stocks	6	12,050		12,530
Cash at bank and in hand		87		3

		12,137		12,533
Creditors: Amounts Falling Due Within One Year	7	(1,511 )		(27,523 )

NET CURRENT ASSETS (LIABILITIES)			10,626		(14,990 )

TOTAL ASSETS LESS CURRENT LIABILITIES			5,950,240		5,952,162

Creditors: Amounts Falling Due After More Than One Year	8		(521,638 )		(472,448 )

NET ASSETS			5,428,602		5,479,714

CAPITAL AND RESERVES
Called up share capital	9		300		300
Fair value reserve	10		5,721,600		5,721,600
Profit and Loss Account			(293,298 )		(242,186 )

SHAREHOLDERS' FUNDS			5,428,602		5,479,714

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COCONUT ENTERPRISES LIMITED

Balance Sheet (continued)

As At 30 June 2025

For the year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Akintunde Williams

Director

25/08/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

COCONUT ENTERPRISES LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 03212145 . The registered office is Flat 1, No 8 Chesham Street, London, SW1X 8DT.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are Trade Secrets, Research & development. It is amortised to Profit And Loss Account over its estimated economic life of 10 years.

2.3. Research and Development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to profit & loss account on a straight line basis over their expected useful economic lives, which range from five to ten years.

If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.

2.4. Intangible Fixed Assets and Amortisation - Intellectual Property

Intellectual property assets are Trade Secrets. It is amortised to the Profit And Loss Account over its estimated economic life of 20 years, once the scientific, technical, economic and business potentials are in full use.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

Reducing balance- 25%

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: 1)

4. Intangible Assets

	Development Costs	Intellectual Property	Total
	£	£	£
Cost
As at 1 July 2024	272,406	5,721,600	5,994,006

As at 30 June 2025	272,406	5,721,600	5,994,006

Amortisation
As at 1 July 2024	27,401	-	27,401
Provided during the period	27,401	-	27,401

As at 30 June 2025	54,802	-	54,802

...CONTINUED

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COCONUT ENTERPRISES LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2025

Net Book Value
As at 30 June 2025	217,604	5,721,600	5,939,204

As at 1 July 2024	245,005	5,721,600	5,966,605

5. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 July 2024	3,371

As at 30 June 2025	3,371

Depreciation
As at 1 July 2024	2,824
Provided during the period	137

As at 30 June 2025	2,961

Net Book Value
As at 30 June 2025	410

As at 1 July 2024	547

6. Stocks

	2025	2024
	£	£
Finished goods	12,050	12,530

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Other taxes and social security	262	513
Other creditors	1,249	27,010

	1,511	27,523

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Directors loan account	521,638	472,448

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	300	300

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COCONUT ENTERPRISES LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2025

10. Reserves

	Fair Value Reserve
	£
As at 1 July 2024	5,721,600

As at 30 June 2025	5,721,600

11. Post Balance Sheet Events

The company is acquiring a prime landed property in central London which will provide the company with the scope for developing its vertical farming technology in an urban setting, using its own Coir hydroponics and fertilizers. It is also expected that the company will utilize its Coco walling technology, coco canvas for artwork and coco fueled grills for gourmet food production at the building once acquired.

The company has developed a biofuel known as coco fuel capable of being used as a source of green hydrogen for fuel and is about to enter into a contractual relationship with Cranfield University, UK or other research institutions to trial its Fuel pellet mixture designed as part of its Trade Secrets. The agreement is expected to be signed in the autumn.

12.

The company is negotiating an exclusive license to market, distribute and sell the company's agricultural pellets and textiles as fuel for green energy and organic grow media and allied services for hydroponic planting and other environmental enhancement schemes.

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