Kolabtree Limited - Accounts to registrar (filleted) - small 18.2
Kolabtree Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Financial Statements for the Year Ended 31 March 2020 |
| for |
| Kolabtree Limited |
| Kolabtree Limited (Registered number: 09564103) |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2020 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Kolabtree Limited |
| Company Information |
| for the Year Ended 31 March 2020 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITOR: |
| Statutory Auditor |
| Owner |
| PO Box 27075 |
| London |
| N2 0FZ |
| Kolabtree Limited (Registered number: 09564103) |
| Balance Sheet |
| 31 March 2020 |
| 2020 | 2019 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Debtors | 4 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
6 |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 7 |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Kolabtree Limited (Registered number: 09564103) |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2020 |
| 1. | STATUTORY INFORMATION |
| Kolabtree Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| 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. |
| Kolabtree Limited (Registered number: 09564103) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2020 |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Tax |
| Advances from customers | 587 | - |
| Social security and other taxes |
| Other creditors |
| Withholding tax payable | - | 5,097 |
| 6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Amounts owed to group undertakings |
| Repayment date 29 November 2019. |
| 7. | CALLED UP SHARE CAPITAL |
| Allotted and issued: |
| Number: | Class: | Nominal | 2020 | 2019 |
| value: | £ | £ |
| Share capital 1 | 1 | 10,000 | 10,000 |
| 8. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditor was unqualified. |
| 9. | RELATED PARTY DISCLOSURES |
| Kolabtree Limited (Registered number: 09564103) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2020 |
| 9. | RELATED PARTY DISCLOSURES - continued |
| Cactus Communications Services Pte. Ltd |
| Holding Company |
| 2020 | 2019 |
| £ | £ |
| Amount due to related party at the balance sheet date | 1,378,000 | 977,753 |
| Kolabtree LLP |
| Affiliated partnership firm |
| 2020 | 2019 |
| £ | £ |
| Amount due to related party at the balance sheet date | - | 74,934 |
| Cactus Communications Services Private Ltd |
| Ultimate Holding Company |
| The company received a service fee from Cactus Communications Services Private. Ltd of £81,500 during the year (2018 - Nil). |
| This sum was outstanding at the date of the accounts. |
| 2020 | 2019 |
| £ | £ |
| Amount due to related party at the balance sheet date | 81,500 | - |
| 10. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling party is |
| Cactus Communications Pvt Ltd is the holding company. |
| Effective 5th December 2019 Mr. Anurag Goel and Mr. Abhishek Goel have transferred their shareholding in Kolabtree Ltd to Cactus Communications Services Pte. Ltd, the company registered in Singapore and accordingly Cactus Communications Services Pte. Ltd. now holds 85% shares in Kolabtree Ltd and Ashmita Das holds 15%. |