KIBCO HOLDINGS LTD

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—7

1. General Information

KIBCO HOLDINGS LTD is a private company, limited by shares, incorporated in England & Wales, registered number 13863282 . The registered office is Unit 1a Webbers Way, Dartington, Totnes, TQ9 6JY.

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. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.3. 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:

Property	2% reducing balance
Land	Not depreciated
Plant & Machinery	25% reducing balance

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

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KIBCO HOLDINGS LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

2.4. Financial Instruments

Financial Instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

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KIBCO HOLDINGS LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

4. Tangible Assets

	Land & Property
	Property	Land	Plant & Machinery	Total
	£	£	£	£
Cost
As at 1 February 2024	441,438	17,764	2,339	461,541
Additions	210,698	-	21,748	232,446

As at 31 January 2025	652,136	17,764	24,087	693,987

Depreciation
As at 1 February 2024	17,459	-	610	18,069
Provided during the period	12,693	-	5,869	18,562

As at 31 January 2025	30,152	-	6,479	36,631

Net Book Value
As at 31 January 2025	621,984	17,764	17,608	657,356

As at 1 February 2024	423,979	17,764	1,729	443,472

5. Investments

	Unlisted
	£
Cost
As at 1 February 2024	168,503

As at 31 January 2025	168,503

Provision
As at 1 February 2024	-

As at 31 January 2025	-

Net Book Value
As at 31 January 2025	168,503

As at 1 February 2024	168,503

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	22,304	17,539
Prepayments and accrued income	6,263	250
Other debtors	48,618	2,465

	77,185	20,254

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KIBCO HOLDINGS LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	5,622	2,316
Corporation tax	-	4,509
VAT	2,884	962
Other creditors	2,855	6,977
Accruals and deferred income	11,094	2,275
Directors' loan accounts	-	605,899
Amounts owed to associates	177,900	-

	200,355	622,938

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

	2025	2024
	£	£
Directors loan account	699,899	-

The director accounts were moved to long term in this period.

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

10. Contingent Liabilities

There is a fixed and floating charge dated 24 March 2023 in respect of Lloyds Bank Plc.

11. Post Balance Sheet Events

The Company arranged a new Mortgage for £350,000 which was agreed 31 January 2025, however monies were received 5 February 2025. There is a new Charge in this regard filed 5 February 2025.

12. Related Party Transactions

The rent income was from related parties, £18,933 Fishtek Limited and £15,000 Fishtek Marine Limited.

Sharedturbine Limited

Sharedturbine Limited owes the Company £47,649 as at 31 January 2025 (2024: Nil)

Eco Electric Limited

The Company owes Eco Electric Limited £80,001 as at 31 January 2025 (2024: Nil)

Fishtek Marine Limited

The Company owes Fishtek Marine Limited £97,899 as at 31 January 2025 (2024: Nil)

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KIBCO HOLDINGS LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

Mr P Kibel

Director

The Company owes the director £469,129 as at 31 January 2025 (2024: £425,129).

Dr T Coe

Director

The Company owes the director £230,770 as at 31 January 2025 (2024: £180,770).

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		657,356		443,472
Investments	5		168,503		168,503

			825,859		611,975
CURRENT ASSETS
Debtors	6	77,185		20,254
Cash at bank and in hand		22,432		10,815

		99,617		31,069
Creditors: Amounts Falling Due Within One Year	7	(200,355 )		(622,938 )

NET CURRENT ASSETS (LIABILITIES)			(100,738 )		(591,869 )

TOTAL ASSETS LESS CURRENT LIABILITIES			725,121		20,106

Creditors: Amounts Falling Due After More Than One Year	8		(699,899 )		-

PROVISIONS FOR LIABILITIES
Deferred Taxation			(4,402 )		(329 )

NET ASSETS			20,820		19,777

CAPITAL AND RESERVES
Called up share capital	9		100		100
Income Statement			20,720		19,677

SHAREHOLDERS' FUNDS			20,820		19,777