Konik Ltd 12688725 false 2024-08-01 2025-07-31 2025-07-31 The principal activity of the company is the trade of the provision of management and technical services relating to the production and sale of electricity. Digita Accounts Production Advanced 6.30.9574.0 true true 12688725 2024-08-01 2025-07-31 12688725 2025-07-31 12688725 bus:OrdinaryShareClass1 2025-07-31 12688725 2 2025-07-31 12688725 core:CurrentFinancialInstruments 2025-07-31 12688725 core:CurrentFinancialInstruments core:WithinOneYear 2025-07-31 12688725 bus:SmallEntities 2024-08-01 2025-07-31 12688725 bus:AuditExemptWithAccountantsReport 2024-08-01 2025-07-31 12688725 bus:FilletedAccounts 2024-08-01 2025-07-31 12688725 bus:SmallCompaniesRegimeForAccounts 2024-08-01 2025-07-31 12688725 bus:RegisteredOffice 2024-08-01 2025-07-31 12688725 bus:Director1 2024-08-01 2025-07-31 12688725 bus:OrdinaryShareClass1 2024-08-01 2025-07-31 12688725 bus:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 12688725 countries:England 2024-08-01 2025-07-31 12688725 2023-08-01 2024-07-31 12688725 2024-07-31 12688725 bus:OrdinaryShareClass1 2024-07-31 12688725 2 2024-07-31 12688725 core:CurrentFinancialInstruments 2024-07-31 12688725 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 12688725

Konik Ltd
Unaudited Filleted Financial Statements
for the Year Ended 31 July 2025

Konik Ltd

Contents

Statement of Financial Position | 1
Notes to the Unaudited Financial Statements | 2 to 4

Konik Ltd

(Registration number: 12688725)
Statement of Financial Position as at 31 July 2025

| Note | 2025 £ | 2024 £
Current assets |  |  |
Debtors | 4 | 14,498 | 127,779
Cash at bank and in hand |  | 15,494 | 7,972
|  | 29,992 | 135,751
Creditors: Amounts falling due within one year | 5 | (834,094) | (899,665)
Net liabilities |  | (804,102) | (763,914)
Capital and reserves |  |  |
Called up share capital | 6 | 10 | 10
Profit and loss account | 7 | (804,112) | (763,924)
Shareholders' deficit |  | (804,102) | (763,914)

For the financial year ending 31 July 2025 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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the Board on 3 March 2026 and signed on its behalf by:

Dr M J Thomas Director

Konik Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
4th Floor
The Quadrangle
Imperial Square
Cheltenham
Gloucestershire
GL50 1PZ

Principal activity

The principal activity of the company is the trade of the provision of management and technical services relating to the production and sale of electricity.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis. There is a deficit position on
net current assets, but this is due to amounts owed to parent or other group companies which will not
be paid within 12 months unless the company is able to do so. Given these amounts are repayable on
demand they are still treated as creditors due in less than a year.

Konik Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025 (continued)

2 | Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4 | Debtors

| 2025 £ | 2024 £
Trade debtors | 11,031 | 27,484
Prepayments | 3,467 | 3,468
Other debtors | - | 96,827
| 14,498 | 127,779

Konik Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025 (continued)

5 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Trade creditors |  | 2,882 | 4,178
Amounts owed to group undertakings | 8 | 827,074 | 888,339
Taxation and social security |  | 4,138 | 7,148
|  | 834,094 | 899,665

6 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £0.0001 each | 100,000 | 10 | 100,000 | 10

7 | Reserves

Profit and loss account:
This reserve records retained earnings and accumulated losses.

8 | Related party transactions

Transactions with group companies
The company has taken advantage of the exemption provided by FRS 102 s33.1A whereby disclosures need not be given of transactions entered into between two or more members of a group, provided that any subsidiary which is a party to the transaction is wholly owned by such a member.
Transactions with ultimate parent undertaking
At the balance sheet date the company owed its ultimate parent undertaking, Rainiko Limited, £599,135 (2024: £542,291). There is no fixed date for repayment but interest is charged on the outstanding balance.