REGISTERED NUMBER: 04954280 (England and Wales)

KAIROS VENTURES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

6

DIRECTORS:

Mrs C S Briggs

A M Coe

M Smethurst

SECRETARY:

REGISTERED OFFICE:

All Nations Centre

Sachville Avenue

Heath

Cardiff

Wales

CF14 3NY

REGISTERED NUMBER:

04954280 (England and Wales)

AUDITORS:

Johns Jones & Lo Limited

Chartered Accountants & Registered Auditors

16 Lambourne Crescent

Cardiff Business Park

Llanishen

Cardiff

CF14 5GF

FIXED ASSETS

Tangible assets

4

162,941

186,171

CURRENT ASSETS

Stocks

2,265

689

Debtors

5

36,409

114,654

Cash at bank and in hand

105,933

110,881

144,607

226,224

CREDITORS

Amounts falling due within one year

6

68,452

94,417

NET CURRENT ASSETS

76,155

131,807

TOTAL ASSETS LESS CURRENT LIABILITIES

239,096

317,978

PROVISIONS FOR LIABILITIES

8

6,052

6,824

NET ASSETS

233,044

311,154

CAPITAL AND RESERVES

Called up share capital

102

102

Retained earnings

232,942

311,052

233,044

311,154

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 19th September 2025 and were signed on its behalf by:

A M Coe - Director

1.	STATUTORY INFORMATION

KAIROS VENTURES 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.

Significant judgements and estimates

Preparation of the financial statements requires management to make significant judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the statement of financial position date and the amounts reported for revenues and expenses during the period. However, the nature of estimation means that actual outcomes could differ from those estimates.

Recoverability of debtors

Estimation is involved in the assessment of the recoverability of debtors and the calculation of the associated

bad debt provision. Factors such as the age of the debt, prior experience and recoverability statistics are included in management's assessment.

Useful economic lives of tangible fixed assets

Tangible fixed assets are depreciated over their useful economic lives taking into account residual values, where appropriate. Management regularly reviews the assets' useful economic lives. Changes in assets' useful economic lives can have a significant impact on depreciation for the period. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.

Provision for impairments

Tangible fixed assets are reviewed for signs of impairment each year and written down accordingly. All tangible fixed assets are reviewed by management in conjunction with market data and other relevant information. Changes in any of the factors considered for impairments can affect the value reported in the financial statements.

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.

Leasehold improvements

2%- 10% Straight line

Plant and equipment

25% Reducing balance

Fixtures and fittings

25% Reducing balance

Computers

25% Reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans from banks. Debt instruments (other than those wholly repayable or receivable within one year), including loans and account receivables and payables, are initially measured at the transaction price (adjusted for transaction cost) and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangement constitutes a financing transaction, such as a trade debtor or creditor on extended credit terms, initial measurement is at the present value of future cash flows discounted at a market rate of interest. Subsequent measurement is at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If such evidence is identified, an impairment loss is recognised in the statement of comprehensive income. For financial assets measured at amortised cost, the impairment loss is measured as the difference between carrying amount and the present value of estimated cash flows discounted at the original effective interest rate. If the financial instrument has a variable interest rate the currently effective rate under the contract is used.

A financial asset is derecognised only when the contractual rights to the cash flows from the financial asset expire or are settled or, substantially all of the risks and rewards of ownership of the financial asset have been transferred to another party or when despite having retained some, but not substantially all, risks and rewards of ownership, control of the asset has been transferred to another party and the other party has the practical ability to sell the asset in its entirety to an unrelated third party and is able to exercise that ability unilaterally and without needing to impose additional restrictions on the transfer. In this case, the company derecognises the asset and recognises separately any rights and obligations retained or created in the transfer. A financial liability is derecognised when the contract that gives rise to it is settled, sold, cancelled, or expires. Where an existing financial liability is replaced by another from the same lender on substantially different terms, or the terms of an existing liability are substantially modified, such as an exchange or modification, this is treated as a derecognition of the original liability, such that the difference in the respective carrying amounts together with any costs or fees incurred are 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 balance sheet date.

Undistributed profits for the year ending 31st March 2025 totalling £35,454 will be authorised and paid to the parent charitable company All Nations within 9 months of the year end.

As a result of the donation, no corporation tax charge will arise for the year ending 31st March 2025

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Cash and cash equivalents

Cash and cash equivalents include cash in hand, and deposits held at call with banks.

Going concern

These financial statements have been prepared on a going concern basis on the grounds that the Directors consider that the Company has sufficient cash resources to enable the Company to continue to meet its liabilities as they fall due.

Debtors

Debtors include trade debtors and certain other financial instruments, prepayments, and deferred tax assets, where applicable. Prepayments are payments made for goods or services that will be received in the future.

Creditors

Creditors include trade creditors and certain other short and long-term financial instruments.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2024 - 19 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2024

432,702

Additions

4,650

Disposals

(3,700

)

At 31st March 2025

433,652

DEPRECIATION

At 1st April 2024

246,531

Charge for year

27,672

Eliminated on disposal

(3,492

)

At 31st March 2025

270,711

NET BOOK VALUE

At 31st March 2025

162,941

At 31st March 2024

186,171

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

27,326

114,066

Other debtors

9,083

588

36,409

114,654

Included in trade debtors is an amount owed to Kairos Ventures Limited of £4,618 by All Nations, the parent charitable company. (2024 - Nil).

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

25,280

29,855

Taxation and social security

26,844

37,801

Other creditors

16,328

26,761

68,452

94,417

Included in trade creditors is an amount owed by Kairos Ventures Limited of £12, 896 to All Nations, the parent charitable company. (2024: £22,219)

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

3,876

-

Between one and five years

7,752

-

11,628

-

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

6,052

6,824

Deferred

tax

£

Balance at 1st April 2024

6,824

Provided during year

(772

)

Balance at 31st March 2025

6,052

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

David Lo (Senior Statutory Auditor)

for and on behalf of Johns Jones & Lo Limited

10.	ULTIMATE CONTROLLING PARTY

All nations is the ultimate controlling party.

11.	PARENT COMPANY

The financial statements are included within the consolidated financial statements of the parent charitable company, All Nations, which is registered in England & Wales. The registered office address of All Nations is All Nations centre, Sachville Avenue, Heath, Cardiff, CF14 3NY.