KASHET LTD

• ⚠

  Confirmation statement overdue

  Due 2026-05-11.

• ◆

  4 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  +14%

  £467,475 → £532,927

• Cash

  +23.2%

  £376,817 → £464,352

  highest in 4 filed years

• Net assets

  0%

  £333,234 → £333,234

• Employees

  0%

  3 → 3

• Operating profit

  +100%

  -£35,160 → £0

• Profit before tax

  +100%

  -£35,160 → £0

• Wages

  -1.9%

  £273,130 → £268,040

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Crowe U.K. LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“As at the date of signing these financial statements, the Company has not yet commenced commercial trading operations and continues to incur expenses whilst it continues to develop its internal compliance framework, core technology platforms and strategic relationships. The Company, and its parent company, Kashet Group AG ("KGAG"), remain reliant on financial support from Mr Brent De Jong, who is a director of the Company and the ultimate controlling party. Mr De Jong has confirmed his willingness, and ability, to provide such financial support to KGAG and the Company, as required, for at least a period of 12 months from the date of approval of these financial statements. As a result, the directors are satisfied that these financial statements should be prepared on a going concern basis and that sufficient funds will be available to the company for the 12 months from the date of signing these financial statements.”

Significant events

• “The Company is regulated by the UK Financial Conduct Authority (FCA) as an authorised electronic money institution. However, it has not commenced trade to date.”
• “During the year, the Company continued the development of its internal compliance framework, core technology platform and strategic supplier relationships.”
• “As an early-stage fintech business, the Company remains dependent on continued investor funding in order to complete development of its technology platform and to support the growth of the business.”
• “The Company also operates within a regulated industry and is therefore dependent upon maintaining appropriate regulatory permissions and compliance with applicable regulatory frameworks. Regulatory requirements may change over time and could affect the Company's future operations or strategic direction.”
• “The Company remains in the development stage and has not yet commenced commercial operations.”
• “Following the commercial launch of its services, the Company expects to monitor a broader range of operational metrics, including customer growth, sales activity, and marketing performance.”
• “The Company has also undertaken initiatives to streamline its operational cost base by utilising newer cloud-based technologies and automation, including the use of Al-supported systems, in order to maintain an efficient organisational structure as the business scales.”
• “During the coming financial periods the Company will continue to develop its technology platform and regulatory infrastructure in preparation for the launch of its services.”
• “This includes further development of cloud-based infrastructure, exploration of additional safeguarding bank relationships, and consideration of additional regulatory permissions that may allow the Company to broaden its digital financial services offering.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

12

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

4

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.