REGISTERED NUMBER: 01482299 (England and Wales)

KOUNNIS GROUP LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr D K Kounnis

Mr C D Kounnis

Mr G K Kounnis

SECRETARY:

Mr C D Kounnis

REGISTERED OFFICE:

Sterling House

Fulbourne Road

Walthamstow

London

E17 4EE

REGISTERED NUMBER:

01482299 (England and Wales)

ACCOUNTANTS:

Kounnis And Partners Ltd

Chartered Certified Accountants

Sterling House

Fulbourne Road

Walthamstow

London

E17 4EE

FIXED ASSETS

Investments

4

1,700,000

1,700,100

Investment property

5

38,404,492

38,804,492

40,104,492

40,504,592

CURRENT ASSETS

Debtors

6

2,754,059

3,376,285

Cash at bank

1,371,087

798,955

4,125,146

4,175,240

CREDITORS

Amounts falling due within one year

7

(825,492

)

(859,851

)

NET CURRENT ASSETS

3,299,654

3,315,389

TOTAL ASSETS LESS CURRENT LIABILITIES

43,404,146

43,819,981

CREDITORS

Amounts falling due after more than one year

8

-

(1,000,000

)

PROVISIONS FOR LIABILITIES

(2,348,673

)

(2,355,731

)

NET ASSETS

41,055,473

40,464,250

CAPITAL AND RESERVES

Called up share capital

2,000,000

2,000,000

Fair value reserve

19,342,265

19,476,802

Retained earnings

19,713,208

18,987,448

SHAREHOLDERS' FUNDS

41,055,473

40,464,250

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 & Loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 June 2025 and were signed on its behalf by:

Mr D K Kounnis - Director

1.	STATUTORY INFORMATION

Kounnis Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared in accordance with applicable accounting standards including Financial Reporting Standards 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" (FRS102) and the Companies Act 2006. The financial statements have been prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. The company adopted FRS 102 in the current year and an explanation of how transition of FRS 102 has affected the reported financial position and performance is given in the notes.

Significant judgements and estimates

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The Company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below:

Provision for bad and doubtful debts

The company reviews its other receivables for evidence of their recoverability. Such evidence includes the debtor's payment record and the overall financial position. If indications of irreconcilability exist, the recoverable amount is estimated and a respective provision for bad and doubtful debts is made. The amount of the provision is charged as an expense. The review of credit risk is continuous and the methodology and assumptions used for estimating the provision are reviewed regularly and adjusted accordingly.

Corporation tax

Significant judgement is required in determining the provision for corporation tax. There are transactions and calculations for which the ultimate tax determination is uncertain during the ordinary course of business. The Company recognises liabilities for anticipated tax issues based on estimates of whether additional taxes will be due. Where the final tax outcome of these matters is different from the amounts that were initially recorded, such differences will impact the corporation tax and deferred tax provisions in the period in which such determination is made.

Turnover

Turnover is measured at the fair value of the consideration received or receivable excluding value added tax and net of discounts. The policies adopted for the recognition of turnover are as follows:

Property Income

Turnover represents the value of property rentals receivable to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where payments are received in advance, the amounts are included as part of creditors due within one year.

Investment income

Investment income represents the value of dividends receivable and is recognised as the company's right to receive the dividend is established.

Interest income

Interest income is recognised using the effective interest method.

Investment property

The company's investment properties are held for long term investment and are included in the balance sheet at their fair values.

The surplus(es) or deficit(s) movements in fair value of investment properties are included in a fair value reserve being a non distributable reserve and recognised in profit and loss account as movement on comprehensive income statement for the year, apart from when the revaluation is below the original cost and in the opinion of the directors the diminution in value is of a permanent nature which is charged to the profit and loss account. On the disposal of investment property, any related balances in the fair value reserve are transferred to distributable reserves as a movement in reserves.

Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of the current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. Unrelieved tax losses and other deferred 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 tax profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Investments

Fixed asset investments for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss account for the year.

Other fixed asset investments are stated at cost less provision for diminution in value recognised in profit or loss account for the year.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs and are measured subsequently at amortised cost using the effective interest method.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 April 2024

1,700,100

Disposals

(100

)

At 31 March 2025

1,700,000

NET BOOK VALUE

At 31 March 2025

1,700,000

At 31 March 2024

1,700,100

Cost or valuation at 31 March 2025 is represented by:

Other

investments

£

Valuation in 2019

(1,402,227

)

Valuation in 2020

19,543

Valuation in 2021

638,135

Valuation in 2022

(372,578

)

Valuation in 2023

(300,000

)

Cost

3,117,127

1,700,000

The unlisted investments represent unquoted shares shown at cost less any diminution in value as at the year end.

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

38,804,492

Disposals

(400,000

)

At 31 March 2025

38,404,492

NET BOOK VALUE

At 31 March 2025

38,404,492

At 31 March 2024

38,804,492

Fair value at 31 March 2025 is represented by:

£

Valuation in 2019

21,142,739

Valuation in 2021

1,348,803

Valuation in 2022

(3,550,000

)

Valuation in 2023

(1,250,000

)

Valuation in 2025

3,770,401

Cost

16,942,549

38,404,492

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

27,007

26,248

Other debtors

2,727,052

3,350,037

2,754,059

3,376,285

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

2,829

-

Taxation and social security

78,688

145,146

Other creditors

743,975

714,705

825,492

859,851

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

-

1,000,000

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

-

1,000,000

10.	ULTIMATE CONTROLLING PARTY

The company is controlled by The Kounnis Capital Trust.