Company No: 12941883 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Investments	3	2,981,833		2,675,567
		2,981,833		2,675,567
Current assets
Debtors	4	99		146
Cash at bank and in hand		10,589		16,736
		10,688		16,882
Creditors: amounts falling due within one year	5	( 2,502,520)		( 2,450,470)
Net current liabilities		(2,491,832)		(2,433,588)
Total assets less current liabilities		490,001		241,979
Provision for liabilities		( 92,384)		( 27,000)
Net assets		397,617		214,979
Capital and reserves
Called-up share capital	6	200,000		200,000
Undistributable reserve		719,396		416,519
Profit and loss account		( 521,779 )		( 401,540 )
Total shareholders' funds		397,617		214,979

For the financial year ending 31 October 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 financial statements for the financial year 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Katoro Green Limited (registered number: 12941883) were approved and authorised for issue by the Board of Directors on 10 May 2026. They were signed on its behalf by:

E Pryce Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Katoro Green Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is:

Centenary House
Peninsula Park
Rydon Lane
Exeter
EX2 7XE

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover is generated from the following:
- Dividends from listed investments are recognised in the profit and loss account on a receipt basis in the period in which it arises.
- Interest receivable is recognised in the profit or loss account on an accruals basis in the period in which it arises.
- The realised profit or loss upon the sale of investments is recognised in the profit and loss account in the period in which the sale occurs.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	0		0

3. Fixed asset investments

	Listed investments		Total
	£		£
Cost or valuation before impairment
At 01 November 2024	2,675,567		2,675,567
Additions	1,290,417		1,290,417
Disposals	( 1,352,412)		( 1,352,412)
Movement in fair value	368,261		368,261
At 31 October 2025	2,981,833		2,981,833
Carrying value at 31 October 2025	2,981,833		2,981,833
Carrying value at 31 October 2024	2,675,567		2,675,567

Fair value is based on the investment fund's published Net Asset Value (NAV) at the reporting date. The NAV is provided by the fund manager and is considered to represent fair value, as units are redeemable at this amount. No adjustment have been made to the NAV.

4. Debtors

	2025		2024
	£		£
Other debtors	99		146

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Amounts owed to directors	6,722		6,722
Other loans	2,300,000		2,300,000
Accruals	195,798		143,748
	2,502,520		2,450,470

Included within other loans is an unsecured loan note amounting to £2,300,000 where interest is accrued daily using official HMRC rate. The loan note can be redeemed for payment within five business days.

6. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
50,000 A ordinary shares of £ 1.00 each	50,000		50,000
50,000 B ordinary shares of £ 1.00 each	50,000		50,000
50,000 C ordinary shares of £ 1.00 each	50,000		50,000
50,000 D ordinary shares of £ 1.00 each	50,000		50,000
	200,000		200,000

The ordinary share classes of B, C and D shares have equal rights including voting rights. Class A has veto right on appointment and removal of directors and on amendment of the Article granting such above right; no right to vote on any other matter; no rights to income or capital.