REGISTERED NUMBER: 09268297 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

KITTYCO SUB2 LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

Mr P Stavrou

REGISTERED OFFICE:

Brookway House

2 Nichol Close

Southgate

London

N14 6JU

REGISTERED NUMBER:

09268297 (England and Wales)

ACCOUNTANTS:

EA

Chartered Accountants

869 High Road

London

N12 8QA

FIXED ASSETS

Investment property

4

2,763,253

2,763,253

CURRENT ASSETS

Debtors

5

447,368

468,553

Cash at bank and in hand

317,903

307,284

765,271

775,837

CREDITORS

Amounts falling due within one year

6

818,715

806,870

NET CURRENT LIABILITIES

(53,444

)

(31,033

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,709,809

2,732,220

CAPITAL AND RESERVES

Called up share capital

2,664,075

2,664,075

Retained earnings

45,734

68,145

SHAREHOLDERS' FUNDS

2,709,809

2,732,220

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 P Stavrou - Director

1.	STATUTORY INFORMATION

Kittyco Sub2 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.

The financial statements have been prepared on a going concern basis as the director is satisfied that the company will have adequate resources to meet its liabilities to third parties as they fall due.

Turnover

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

Investment property

Investment properties are carried at fair value. Revaluation surpluses are recognised in the income statement. Deferred Taxation is provided on these gains at the rate expected to apply when the property is sold. No depreciation is provided in respect of investment properties.

The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with the generally accepted accounting principle set out in FRS 102 (Section 1A). The directors consider that, because these properties are not held for consumption but for their investment potential, to depreciate them would no give a true and fair view and that it is necessary to adopt FRS 102 (Section 1A) in order to give a true and fair view. If this departure from the Act

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.

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

and 30 June 2024

2,763,253

NET BOOK VALUE

At 30 June 2024

2,763,253

At 30 June 2023

2,763,253

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

5,269

4,151

Other debtors

442,099

464,402

447,368

468,553

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

68,103

49,238

Amounts owed to group undertakings

8,768

8,768

Taxation and social security

153

3,974

Other creditors

741,691

744,890

818,715

806,870

7.	SECURED DEBTS

The company's bankers have secured fixed and floating charges over the company's assets and undertakings.

8.	RELATED PARTY DISCLOSURES

Included in creditors, amounts falling due within one year is a balance of £13,324 (2023: £13,324) due to the director Mr P Stavrou. 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

£ £

Emiss Group Limited

Amount due to parent company at the balance sheet date 8,768 8,768

SHG Limited

Amount due from related party at the balance sheet date 40,000 40,000

Nayland Rock Hotels Limited

Amount due from related party at the balance sheet date 159,480 159,480

Solar House Estates Limited

Amount due from related party at the balance sheet date 118,638 118,638

Microcom Services Limited

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

Miamax Limited

Amount due from related party at the balance sheet date 101,536 101,536

Eurocrest Sub3 Limited

Amount due from related party at the balance sheet date 712,951 712,951

Kittyco Estates Ltd

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

9.	ULTIMATE CONTROLLING PARTY

There was no ultimate controlling party during the period under review.