REGISTERED NUMBER: 09736920 (England and Wales)

KYSHI LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

2,079

3,660

Investments

5

2,043

2,043

4,122

5,703

CURRENT ASSETS

Debtors

6

29,896

30,818

Cash at bank

170

24

30,066

30,842

CREDITORS

Amounts falling due within one year

7

234,750

280,938

NET CURRENT LIABILITIES

(204,684

)

(250,096

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(200,562

)

(244,393

)

CAPITAL AND RESERVES

Called up share capital

302

302

Share premium

371,704

371,704

Shares to be issued

498,172

498,172

Retained earnings

(1,070,740

)

(1,114,571

)

SHAREHOLDERS' FUNDS

(200,562

)

(244,393

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 June 2026 and were signed by:

Mr A Akindele - Director

1.	STATUTORY INFORMATION

Kyshi Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

09736920

Registered office:

85 Great Portland Street

London

W1W 7LT

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.

Going concern

The director has a reasonable expectation that the company will continue to operate for the foreseeable future and so these financial statements are prepared on the going concern basis.

Preparation of consolidated financial statements

The financial statements contain information about Kyshi Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion, there are no significant judgements or key sources of estimation uncertainty.

Turnover

Turnover is derived from transaction fees and is recognised at the transaction date. Turnover is recorded at the fair value of the consideration received or receivable, and excludes value added tax and rebates.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% on cost

Financial instruments

The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

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 objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 May 2024

11,656

Additions

1,149

At 30 April 2025

12,805

DEPRECIATION

At 1 May 2024

7,996

Charge for year

2,730

At 30 April 2025

10,726

NET BOOK VALUE

At 30 April 2025

2,079

At 30 April 2024

3,660

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 May 2024

and 30 April 2025

2,043

NET BOOK VALUE

At 30 April 2025

2,043

At 30 April 2024

2,043

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

29,896

30,818

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

2,510

4,110

Taxation and social security

13,632

13,567

Other creditors

218,608

263,261

234,750

280,938

8.	RELATED PARTY DISCLOSURES

At the balance sheet date, the director was owed £209,838 (2024: £256,939).

Kyshi Technologies Ltd

A Nigerian company in which Kyshi Ltd owns 99% of the shares.

At the balance sheet date, the amount due from the related party totalled £23,621 (2024: £24,543).

Kyshi Corp

A Canadian company in which the director owns 50% of the shares.

At the balance sheet date, the amount owed to the related party totalled £58 (2024: £58).

Kyshi Technologies Inc

A US company in which the director owns 50% of the shares.

At the balance sheet date, the amount owed to the related party totalled £75 (2024: £75).

9.	SHARES TO BE ISSUED

Shown within capital and reserves is a balance of £498,172 which comprises investments received under the Simple Arrangement for Future Equity (SAFE) model.