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REGISTERED NUMBER: 03995525 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 MAY 2025 |

| FOR |

| KAGULEX CONSULTING LTD |

| KAGULEX CONSULTING LTD (REGISTERED NUMBER: 03995525) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| KAGULEX CONSULTING LTD |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MAY 2025

| DIRECTORS: | G E Kitson

| P J Cozens

| A D Baxter

| L A Jackson

| REGISTERED OFFICE: | 2nd Floor

| Afon Building

| Worthing Road

| Horsham

| West Sussex

| RH12 1TL

| REGISTERED NUMBER: | 03995525 (England and Wales)

| ACCOUNTANTS: | Galloways Accounting Limited

| 15 West Street

| Brighton

| East Sussex

| BN1 2RL

| KAGULEX CONSULTING LTD (REGISTERED NUMBER: 03995525) |

BALANCE SHEET

31 MAY 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 3,986 |  | 2,766 |  |

Investments | 5 | 5,080 |  | 4,725 |  |

9,066 |  | 7,491 |  |

CURRENT ASSETS

Debtors | 6 | 54,550 |  | 103,308 |  |

Cash at bank | 137,226 |  | 138,283 |  |

191,776 |  | 241,591 |  |

CREDITORS

Amounts falling due within one year | 7 | (85,177 | ) | (133,136 | ) |

NET CURRENT ASSETS | 106,599 |  | 108,455 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 115,665 |  | 115,946 |  |

PROVISIONS FOR LIABILITIES | 8 | (757 | ) | (526 | ) |

NET ASSETS | 114,908 |  | 115,420 |  |

CAPITAL AND RESERVES

Called up share capital | 240 |  | 240 |  |

Capital redemption reserve | 30 |  | 30 |  |

Retained earnings | 114,638 |  | 115,150 |  |

SHAREHOLDERS' FUNDS | 114,908 |  | 115,420 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 October 2025 and were signed on its behalf by:

A D Baxter - Director

| KAGULEX CONSULTING LTD (REGISTERED NUMBER: 03995525) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

1. | STATUTORY INFORMATION

| Kagulex Consulting Ltd 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

| Turnover

| Turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

| Office equipment | - | 33% on cost

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 4 (2024 - 4 ) .

| KAGULEX CONSULTING LTD (REGISTERED NUMBER: 03995525) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

4. | TANGIBLE FIXED ASSETS

| Office

| equipment

£ |

| COST

| At 1 June 2024 | 10,416 |  |

| Additions | 2,911 |  |

| At 31 May 2025 | 13,327 |  |

| DEPRECIATION

| At 1 June 2024 | 7,650 |  |

| Charge for year | 1,691 |  |

| At 31 May 2025 | 9,341 |  |

| NET BOOK VALUE

| At 31 May 2025 | 3,986 |  |

| At 31 May 2024 | 2,766 |  |

5. | FIXED ASSET INVESTMENTS

| Other

| investments

£ |

| COST OR VALUATION

| At 1 June 2024 | 4,725 |  |

| Revaluations | 355 |  |

| At 31 May 2025 | 5,080 |  |

| NET BOOK VALUE

| At 31 May 2025 | 5,080 |  |

| At 31 May 2024 | 4,725 |  |

| Cost or valuation at 31 May 2025 is represented by:

| Other

| investments

£ |

| Valuation in 2020 | 2,605 |  |

| Valuation in 2021 | (1,709 | ) |

| Valuation in 2022 | (578 | ) |

| Valuation in 2023 | 955 |  |

| Valuation in 2024 | 452 |  |

| Valuation in 2025 | 355 |  |

| Cost | 3,000 |  |

5,080 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 47,911 |  | 82,403 |  |

| Other debtors | 6,639 |  | 20,905 |  |

54,550 |  | 103,308 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade creditors | 1,283 |  | 1,082 |  |

| Taxation and social security | 35,056 |  | 42,682 |  |

| Other creditors | 48,838 |  | 89,372 |  |

85,177 |  | 133,136 |  |

| KAGULEX CONSULTING LTD (REGISTERED NUMBER: 03995525) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

8. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax | 757 |  | 526 |  |

| Deferred |

| tax |

£ |

| Balance at 1 June 2024 | 526 |  |

| Movement in year | 231 |  |

| Balance at 31 May 2025 | 757 |  |