REGISTERED NUMBER: 09268280 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

KITTYCO SUB1 LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

Mr T Panayiotou

REGISTERED OFFICE:

Brookway House

2 Nichol Close

Southgate

London

N14 6JU

REGISTERED NUMBER:

09268280 (England and Wales)

ACCOUNTANTS:

EA

Chartered Accountants

869 High Road

London

N12 8QA

FIXED ASSETS

Investment property

4

2,959,835

2,956,235

CURRENT ASSETS

Debtors

5

1,035,842

969,727

Cash at bank and in hand

143,717

177,197

1,179,559

1,146,924

CREDITORS

Amounts falling due within one year

6

1,383,589

1,384,378

NET CURRENT LIABILITIES

(204,030

)

(237,454

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,755,805

2,718,781

CAPITAL AND RESERVES

Called up share capital

2,664,075

2,664,075

Retained earnings

91,730

54,706

SHAREHOLDERS' FUNDS

2,755,805

2,718,781

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 17 September 2025 and were signed by:

Mr T Panayiotou - Director

1.	STATUTORY INFORMATION

Kittyco Sub1 Ltd 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.

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

Rental income is recognised and included in turnover when it becomes due under the terms of the lease.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 July 2023

2,956,235

Additions

3,600

At 30 June 2024

2,959,835

NET BOOK VALUE

At 30 June 2024

2,959,835

At 30 June 2023

2,956,235

Investment properties were valued on a fair value basis, by the director at the year end.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

64,264

46,049

Other debtors

971,578

923,678

1,035,842

969,727

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

37,984

47,541

Amounts owed to group undertakings

147,380

148,580

Taxation and social security

17,011

3,844

Other creditors

1,181,214

1,184,413

1,383,589

1,384,378

7.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

398,000

398,800

The debts are secure by a legal charge on the assets of the company.

8.	RELATED PARTY DISCLOSURES

Included in creditors, amounts falling due within one year is a balance of £13,324 (2022: £13,324) due to the director Mr T panayiotou. The loan is interest free.

The below balances show amounts due from and amounts due to, companies in which the director Mr T Panayiotou is also a director or shareholder. The loans are interest free:

2024 2023

£ £

Brookway LLP

Amount due from related party at the balance sheet date 90,000 90,000

Kids Property Limited

Amount due from related party at the balance sheet date 274,679 227,679

Nayland Rock Hotels Limited

Amount due from related party at the balance sheet date 298,799 298,799

Solar House Estates Limited

Amount due from related party at the balance sheet date 59,319 59,319

Microcom Services Limited

Amount due from related party at the balance sheet date 20,000 20,000

M Pro 101 Limited

Amount due from related party at the balance sheet date 120,563 120,563

C Pro 101 Limited

Amount due from related party at the balance sheet date 101,818 101,818

Kittyco Sub 4 Limited

Amount due from related party at the balance sheet date - 176,500

Eurocrest Sub7 Limited

Amount due to related party at the balance sheet date 747,351 747,351

TPF Property Limited

Amount due to related party at the balance sheet date 1,260 -

Ketris Holding Limited

Amount due to parent company at the balance sheet date 147,380 148,580

9.	ULTIMATE CONTROLLING PARTY