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Company Registration No. 11033213 (England and Wales)
KUGALI LIMITED Unaudited accounts for the year ended 31 October 2025
KUGALI LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
KUGALI LIMITED Company Information for the year ended 31 October 2025
Directors
Olufikayo ADEOLA Hamid IBRAHIM
Company Number
11033213 (England and Wales)
Registered Office
KEMP HOUSE 160 CITY ROAD LONDON EC1V 2NX UNITED KINGDOM
Accountants
S&Y Accountants Ltd Office Number 201A 133 High Street Barkingside Essex IG6 2AJ
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KUGALI LIMITED Statement of financial position as at 31 October 2025
2025 
Notes
£ 
Fixed assets
Intangible assets
4
1,550,000 
Current assets
Debtors
5
11,261 
Cash at bank and in hand
28,289 
39,550 
Creditors: amounts falling due within one year
6
(53,416)
Net current liabilities
(13,866)
Total assets less current liabilities
1,536,134 
Creditors: amounts falling due after more than one year
7
(1,559,080)
Net liabilities
(22,946)
Capital and reserves
Called up share capital
6 
Profit and loss account
(22,952)
Shareholders' funds
(22,946)
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 July 2026 and were signed on its behalf by
Hamid IBRAHIM Director Company Registration No. 11033213
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KUGALI LIMITED Notes to the Accounts for the year ended 31 October 2025
1
Statutory information
KUGALI LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11033213. The registered office is KEMP HOUSE, 160 CITY ROAD, LONDON, EC1V 2NX, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investments
Investments in shares are included at fair value. Please note that Mr Afolabi Tajudeen Adeola invested £66,700 in the company as purchase of share capital on 5th March 2018.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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KUGALI LIMITED Notes to the Accounts for the year ended 31 October 2025
4
Intangible fixed assets
Other 
£ 
Cost
At 1 November 2024
450,000 
Additions
1,100,000 
At 31 October 2025
1,550,000 
Amortisation
At 1 November 2024
- 
At 31 October 2025
- 
Net book value
At 31 October 2025
1,550,000 
- 6 -
KUGALI LIMITED Notes to the Accounts for the year ended 31 October 2025
Year 2023 IP Asset Name: Untrotted Amount: £200,000 Stage of Development: Pitch Deck External Validation: Attracted interest from Sony Year 2024 IP Asset Name: Mumu Juju Amount: £250,000 Stage of Development: Pitch Deck , Comic book External Validation: Attracted interest from Paramount Year 2025 IP Asset Name: Jollof Wars Amount: £300,000.00 Stage of Development: Pitch Deck, Concept Bible External Validation: Attracted interest from Sony & Netflix (discussions in 2025) Year 2025 IP Asset Name: IKU Amount: £200,000.00 Stage of Development: Completed Script (Feature-length) External Validation: Original screenplay ready for packaging, eligible for optioning or financing. Right of first refusal from Lions gate.(discussions in 2025) Year 2025 IP Asset Name: Akanni Amount: £2250,000 Stage of Development: Comicbook External Validation: Disney Publishing Partnership Year 2025 IP Asset Name: Runeless Amount: £350,000 Stage of Development: Comicbook External Validation: Disney Publishing Partnaship. Interest shown by Sony
5
Debtors
2025 
£ 
Amounts falling due after more than one year
Trade debtors
11,261 
6
Creditors: amounts falling due within one year
2025 
£ 
Other creditors
12,044 
Loans from directors
41,372 
53,416 
- 7 -
KUGALI LIMITED Notes to the Accounts for the year ended 31 October 2025
7
Creditors: amounts falling due after more than one year
2025 
£ 
Bank loans
9,080 
Other creditors
1,550,000 
1,559,080 
8
Average number of employees
During the year the average number of employees was 7.
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