Kitch Technologies Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 12144692

Kitch Technologies Ltd

Filleted Unaudited Financial Statements

31 December 2024

Kitch Technologies Ltd

Financial Statements

Year ended 31 December 2024

Contents	Page

Officers and professional advisers	1

Chartered certified accountants report to the board of directors on the preparation of the unaudited statutory financial statements	2

Statement of financial position	3

Notes to the financial statements	5

Kitch Technologies Ltd

Officers and Professional Advisers

The board of directors	N G C C L Rodrigues
	R D M Bento
	P Huber

Company secretary	Oakwood Corporate Secretary Limited

Registered office	3rd Floor
	1 Ashley Raod
	Cheshire
	WA14 2DT

Accountants	Complete Accounting Solutions
	Chartered Certified Accountants
	727-729 High Road
	London
	N12 0BP

Kitch Technologies Ltd

Chartered Certified Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Kitch Technologies Ltd

Year ended 31 December 2024

As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 December 2024, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

Complete Accounting Solutions Chartered Certified Accountants

727-729 High Road London N12 0BP

Kitch Technologies Ltd

Statement of Financial Position

31 December 2024

	2024	2023
Note	€	€

Fixed assets

Investments	4	5,082,091	4,871,738

Current assets

Debtors	5	604,366	564,626
Cash at bank and in hand		56,184	211,836
		---------	---------
		660,550	776,462

Creditors: amounts falling due within one year	6	3,332	5,640
		---------	---------
Net current assets		657,218	770,822
		------------	------------
Total assets less current liabilities		5,739,309	5,642,560
		------------	------------
Net assets		5,739,309	5,642,560
		------------	------------

Capital and reserves

Called up share capital	184	184
Share premium account	3,499,845	3,499,845
Profit and loss account	2,239,280	2,142,531
	------------	------------
Shareholders funds	5,739,309	5,642,560
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

Kitch Technologies Ltd

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 18 November 2025 , and are signed on behalf of the board by:

R D M Bento

Director

Company registration number: 12144692

Kitch Technologies Ltd

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 3rd Floor, 1 Ashley Raod, Cheshire, WA14 2DT.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in euros, which is the functional currency of the entity .

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date .

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

4. Investments

	Other investments other than loans
	€
Cost
At 1 January 2024 and 31 December 2024	12,300,012
	-------------
Impairment
At 1 January 2024	7,428,274
Impairment losses	( 210,353)
	-------------
At 31 December 2024	7,217,921
	-------------

Carrying amount
At 31 December 2024	5,082,091
	-------------
At 31 December 2023	4,871,738
	-------------

The above amounts represents shareholdings in Glovo and Delivery Hero SE.

5. Debtors

	2024	2023
	€	€
Other debtors	604,366	564,626
	---------	---------

6. Creditors: amounts falling due within one year

	2024	2023
	€	€
Other creditors	3,332	5,640
	-------	-------

7. Contingencies

Following on from the sale of the fixed asset investments in the year ended 31 December 2022, the company is due to receive more funds in respect of the sale based upon various goals as part of the agreement. The company and buyer are currently in talks to ascertain the value of the amounts due. The contingent asset in respect of this has not been recognised in the financial statements.