Company registration number 08718064 (England and Wales)
KLOEBER HOLDINGS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
KLOEBER HOLDINGS LIMITED
BALANCE SHEET
AS AT 31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investments
4
1,700,000
1,700,000
Current assets
Debtors
6
11
11
Cash at bank and in hand
12
253
23
264
Creditors: amounts falling due within one year
7
(1,689,587)
(1,662,294)
Net current liabilities
(1,689,564)
(1,662,030)
Net assets
10,436
37,970
Capital and reserves
Called up share capital
8
8
8
Capital redemption reserve
2
2
Profit and loss reserves
10,426
37,960
Total equity
10,436
37,970

The notes on pages 2 to 6 form part of these financial statements.

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he 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 Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 10 March 2026 and are signed on its behalf by:
Mr Philip Dascombe
Director
Company registration number 08718064 (England and Wales)
KLOEBER HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

Kloeber Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is 10 St Margarets Way, Stukeley Meadows Ind Est, Huntingdon, Cambridgeshire, PE29 6EU.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The directors acknowledge that the current economic climate is challenging and the subsidiary company has reported an industrywide sales reduction of 22% and a consequent operating loss for the year ended 31 March 2025. The directors have taken measures since the year end to bolster sales activity, enhance product offers, negotiate better terms with suppliers and significantly reduced the fixed overhead in the business. The subsidiary company is now operating at a breakeven position. The directors have also instituted measures to preserve cash and secure additional finance from a new equity investor to cover working capital needs during the turnaround. These measures are showing success and give the directors confidence that the parent and subsidiary company will return to profitability and have adequate resources to continue to operate for the foreseeable future and therefore the directors continue to adopt the going concern basis of accounting.

The directors are of the opinion that the investment in the subsidiary is not further impaired at the balance sheet date since they expect future inflows from the subsidiary company once the trading subsidiary has returned to profitability.

1.3
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

KLOEBER HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -
1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Taxation

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

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

KLOEBER HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
4
5
4
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
1,700,000
1,700,000
5
Subsidiaries

Details of the company's subsidiaries at 31 March 2025 are as follows:

KLOEBER HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
5
Subsidiaries
(Continued)
- 5 -
Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Kloeber UK Limited
England
Ordinary shares
100.00
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
11
11
7
Creditors: amounts falling due within one year
2025
2024
£
£
Amounts owed to group undertakings
1,686,787
1,659,743
Other creditors
2,800
2,551
1,689,587
1,662,294
8
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Class D Ordinary shares of 1p each
125
125
1
1
Class G Ordinary shares of 1p each
175
175
2
2
Class M Ordinary shares of 1p each
250
250
3
3
Class P Ordinary shares of 1p each
125
125
1
1
Class T Ordinary shares of 1p each
75
75
1
1
750
750
8
8

All shares rank pari passu in all respects.

9
Financial commitments, guarantees and contingent liabilities

There is a joint and several personal guarantee given by the shareholders of Kloeber Holdings Limited to Funding Circle Limited in respect of loans to Kloeber UK Limited. There is also a deed of contribution which ensures that any liabilities are apportioned between the shareholders in accordance with the deed,.

10
Events after the reporting date

Since the year end a total of 1950 0.01p shares have been issued, of which 1377 relate to a new class of ordinary K shares which were allotted for the sum of £225,000.

KLOEBER HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
11
Directors' transactions

Dividends totalling £164,735 (2024 - £275,170) were paid in the year in respect of shares held by the company's directors.

2025-03-31 2024-04-01 false false false 10 March 2026 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mr Philip Dascombe Mr Matthew Higgs Mr Gavin Morris Mrs Tara Morris Mr Daniel Todd Ka Mid Co Limited 08718064 2024-04-01 2025-03-31 08718064 2025-03-31 08718064 2024-03-31 08718064 core:WithinOneYear 2025-03-31 08718064 core:WithinOneYear 2024-03-31 08718064 core:CurrentFinancialInstruments 2025-03-31 08718064 core:CurrentFinancialInstruments 2024-03-31 08718064 core:ShareCapital 2025-03-31 08718064 core:ShareCapital 2024-03-31 08718064 core:CapitalRedemptionReserve 2025-03-31 08718064 core:CapitalRedemptionReserve 2024-03-31 08718064 core:RetainedEarningsAccumulatedLosses 2025-03-31 08718064 core:RetainedEarningsAccumulatedLosses 2024-03-31 08718064 core:ShareCapitalOrdinaryShareClass1 2025-03-31 08718064 core:ShareCapitalOrdinaryShareClass1 2024-03-31 08718064 core:ShareCapitalOrdinaryShareClass2 2025-03-31 08718064 core:ShareCapitalOrdinaryShareClass2 2024-03-31 08718064 core:ShareCapitalOrdinaryShareClass4 2025-03-31 08718064 core:ShareCapitalOrdinaryShareClass4 2024-03-31 08718064 core:ShareCapitalOrdinaryShareClass5 2025-03-31 08718064 core:ShareCapitalOrdinaryShareClass5 2024-03-31 08718064 core:ShareCapitalOrdinaryShares 2025-03-31 08718064 core:ShareCapitalOrdinaryShares 2024-03-31 08718064 bus:Director1 2024-04-01 2025-03-31 08718064 2023-04-01 2024-03-31 08718064 core:Subsidiary1 2024-04-01 2025-03-31 08718064 core:Subsidiary1 1 2024-04-01 2025-03-31 08718064 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 08718064 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 08718064 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 08718064 bus:OrdinaryShareClass2 2024-04-01 2025-03-31 08718064 bus:OrdinaryShareClass4 2024-04-01 2025-03-31 08718064 bus:OrdinaryShareClass5 2024-04-01 2025-03-31 08718064 bus:OrdinaryShareClass1 2025-03-31 08718064 bus:OrdinaryShareClass1 2024-03-31 08718064 bus:OrdinaryShareClass2 2025-03-31 08718064 bus:OrdinaryShareClass2 2024-03-31 08718064 bus:OrdinaryShareClass4 2025-03-31 08718064 bus:OrdinaryShareClass4 2024-03-31 08718064 bus:OrdinaryShareClass5 2025-03-31 08718064 bus:OrdinaryShareClass5 2024-03-31 08718064 bus:AllOrdinaryShares 2025-03-31 08718064 bus:AllOrdinaryShares 2024-03-31 08718064 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 08718064 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 08718064 bus:FRS102 2024-04-01 2025-03-31 08718064 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 08718064 bus:Director2 2024-04-01 2025-03-31 08718064 bus:Director3 2024-04-01 2025-03-31 08718064 bus:Director4 2024-04-01 2025-03-31 08718064 bus:Director5 2024-04-01 2025-03-31 08718064 bus:Director6 2024-04-01 2025-03-31 08718064 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP