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REGISTERED NUMBER: 04713684 (England and Wales)

Report of the Director and

Unaudited Financial Statements for the Year Ended 31 May 2025

for

KNFM Limited

KNFM Limited (Registered number: 04713684)

Contents of the Financial Statements

for the Year Ended 31 May 2025

Page |

Company Information | 1 |

Report of the Director | 2 |

Income Statement | 3 |

Other Comprehensive Income | 4 |

Balance Sheet | 5 |

Statement of Changes in Equity | 7 |

Notes to the Financial Statements | 8 |

KNFM Limited

Company Information

for the Year Ended 31 May 2025

| DIRECTOR: | N Smith

| SECRETARY: | Mrs D Smith

| REGISTERED OFFICE: | 236 Langley Way

| West Wickham

| Kent

| BR4 0DU

| REGISTERED NUMBER: | 04713684 (England and Wales)

| ACCOUNTANTS: | M S Aulak Bsc CIPFA FCCA

| Chartered Certified Accountant

| 25 Coolgardie Avenue

| Chigwell

| Essex

| IG7 5AX

KNFM Limited (Registered number: 04713684)

Report of the Director

for the Year Ended 31 May 2025

The director presents his report with the financial statements of the company for the year ended 31 May 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of being financial advisors.

DIRECTOR

N Smith held office during the whole of the period from 1 June 2024 to the date of this report.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES

The director is responsible for preparing the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

- | select suitable accounting policies and then apply them consistently;

- | make judgements and accounting estimates that are reasonable and prudent;

- | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Mrs D Smith - Secretary

17 February 2026

KNFM Limited (Registered number: 04713684)

Income Statement

for the Year Ended 31 May 2025

| 31.5.25 | 31.5.24 |

| Notes | £ | £ | £ | £ |

TURNOVER | 160,501 |  | 160,661 |  |

Distribution costs | 17,200 |  | 20,328 |  |

Administrative expenses | 125,224 |  | 136,140 |  |

|  | 142,424 |  |  |  | 156,468 |  |

OPERATING PROFIT | 18,077 |  | 4,193 |  |

Interest receivable and similar income | 1 |  | - |  |

PROFIT BEFORE TAXATION | 4 | 18,078 |  | 4,193 |  |

Tax on profit | 5 | 3,721 |  | 814 |  |

PROFIT FOR THE FINANCIAL YEAR | 14,357 |  | 3,379 |  |

KNFM Limited (Registered number: 04713684)

Other Comprehensive Income

for the Year Ended 31 May 2025

| 31.5.25 |  | 31.5.24

| Notes | £ | £ |

PROFIT FOR THE YEAR | 14,357 |  | 3,379 |  |

OTHER COMPREHENSIVE INCOME | - |  | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 14,357 |  | 3,379 |  |

KNFM Limited (Registered number: 04713684)

Balance Sheet

31 May 2025

| 31.5.25 | 31.5.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 7 | - |  | - |  |

Tangible assets | 8 | 2,057 |  | 2,742 |  |

2,057 |  | 2,742 |  |

CURRENT ASSETS

Debtors | 9 | 242 |  | - |  |

Cash at bank | 275,862 |  | 253,966 |  |

276,104 |  | 253,966 |  |

CREDITORS

Amounts falling due within one year | 10 | 164,128 |  | 132,999 |  |

NET CURRENT ASSETS | 111,976 |  | 120,967 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 114,033 |  | 123,709 |  |

PROVISIONS FOR LIABILITIES | 11 | - |  | 4,033 |  |

NET ASSETS | 114,033 |  | 119,676 |  |

CAPITAL AND RESERVES

Called up share capital | 12 | 204 |  | 204 |  |

Share premium | 29,996 |  | 29,996 |  |

Retained earnings | 13 | 83,833 |  | 89,476 |  |

SHAREHOLDERS' FUNDS | 114,033 |  | 119,676 |  |

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 director acknowledges his 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.

KNFM Limited (Registered number: 04713684)

Balance Sheet - continued

31 May 2025

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 17 February 2026 and were signed by:

N Smith - Director

KNFM Limited (Registered number: 04713684)

Statement of Changes in Equity

for the Year Ended 31 May 2025

| Called up |

| share |  | Retained |  | Share |  | Total

| capital |  | earnings |  | premium |  | equity

£ | £ | £ | £ |

Balance at 1 June 2023 | 204 |  | 88,097 |  | 29,996 |  | 118,297 |  |

Changes in equity

Dividends | - |  | (2,000 | ) | - |  | (2,000 | ) |

Total comprehensive income | - |  | 3,379 |  | - |  | 3,379 |  |

Balance at 31 May 2024 | 204 |  | 89,476 |  | 29,996 |  | 119,676 |  |

Changes in equity

Dividends | - |  | (20,000 | ) | - |  | (20,000 | ) |

Total comprehensive income | - |  | 14,357 |  | - |  | 14,357 |  |

Balance at 31 May 2025 | 204 |  | 83,833 |  | 29,996 |  | 114,033 |  |

KNFM Limited (Registered number: 04713684)

Notes to the Financial Statements

for the Year Ended 31 May 2025

1. | STATUTORY INFORMATION

| KNFM 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 preparation

| These financial statements have been prepared in accordance with Financial Reporting Standard 101 "Reduced Disclosure Framework" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 101 "Reduced Disclosure Framework":

| • | the requirements of paragraphs 45(b) and 46 to 52 of IFRS 2 Share-based Payment;

| • | the requirements of paragraphs 62, B64(d), B64(e), B64(g), B64(h), B64(j) to B64(m), B64(n)(ii), B64(o)(ii), B64(p), B64(q)(ii), B66 and B67 of IFRS 3 Business Combinations;

| • | the requirements of paragraph 33(c) of IFRS 5 Non Current Assets Held for Sale and Discontinued Operations;

| • | the requirements of paragraph 24(6) of IFRS 6 Exploration for and Evaluation of Mineral Resources;

| • | the requirements of IFRS 7 Financial Instruments: Disclosures;

| • | the requirements of paragraphs 91 to 99 of IFRS 13 Fair Value Measurement;

| • | the requirements of paragraph 52, the second sentence of paragraph 89, and paragraphs 90, 91 and 93 of IFRS 16 Leases;

| the requirements of paragraph 58 of IFRS 16;

| • | the requirements of the second sentence of paragraph 110 and paragraphs 113(a), 114, 115, 118, 119(a) to (c), 120 to 127 and 129 of IFRS 15 Revenue from Contracts with Customers;

| • | the requirement in paragraph 38 of IAS 1 Presentation of Financial Statements to present comparative information in respect of:

| - | paragraphs 53(a), (h) and (j) of IFRS 16;

| - | paragraph 79(a)(iv) of IAS 1;

| - | paragraph 73(e) of IAS 16 Property, Plant and Equipment;

| - | paragraph 118(e) of IAS 38 Intangible Assets;

| - | paragraphs 76 and 79(d) of IAS 40 Investment Property; and

| - | paragraph 50 of IAS 41 Agriculture;

| • | the requirements of paragraphs 10(d), 10(f), 16, 38A, 38B, 38C, 38D, 40A, 40B, 40C, 40D, 111 and 134 to 136 of IAS 1;

| • | the requirements of

| - | paragraphs 1 to 44E, 44H(b)(ii) and 45 to 63 of IAS 7 Statement of Cash Flows; and

| - | paragraphs 44F, 44G, 44H(a), 44H(b)(i), 44H(b)(iii) and 44H(c) of IAS 7;

| • | the requirements of paragraphs 30 and 31 of IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors;

| • | the requirements of paragraphs 88C and 88D of IAS 12 Income Taxes;

| • | the requirements of paragraph 74(b) of IAS 16;

| • | the requirements of paragraphs 17 and 18A of IAS 24 Related Party Disclosures;

| • | the requirements in IAS 24 Related Party Disclosures to disclose related party transactions entered into between two or more members of a group;

| • | the requirements of paragraphs 134(d) to 134(f) and 135(c) to 135(e) of IAS 36 Impairments of Assets.

| Tangible fixed assets

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

| Fixture & fittings | - | 25% on reducing balance

| Office equipment | - | 25% on reducing balance

KNFM Limited (Registered number: 04713684)

Notes to the Financial Statements - continued

for the Year Ended 31 May 2025

2. | ACCOUNTING POLICIES - continued

| Taxation

| Current taxes are based on the results shown in the financial statements and are calculated according to local tax rules, using tax rates enacted or substantially enacted by the balance sheet date.

| Employee benefit costs

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the income statement in the period to which they relate.

3. | EMPLOYEES AND DIRECTORS

| 31.5.25 |  | 31.5.24

£ | £ |

| Wages and salaries | 30,200 |  | 29,528 |  |

| Other pension costs | 19,800 |  | 22,300 |  |

50,000 |  | 51,828 |  |

| The average number of employees during the year was as follows:

| 31.5.25 |  | 31.5.24

| Office administration | 2 |  | 2 |  |

| 31.5.25 |  | 31.5.24

£ | £ |

| Director's remuneration | 20,000 |  | 16,700 |  |

4. | PROFIT BEFORE TAXATION

| The profit before taxation is stated after charging:

| 31.5.25 |  | 31.5.24

£ | £ |

| Depreciation - owned assets | 685 |  | 722 |  |

| Loss on disposal of fixed assets | - |  | 590 |  |

5. | TAXATION

| Analysis of tax expense

| 31.5.25 |  | 31.5.24

£ | £ |

| Current tax:

| Taxation on current year | 3,721 |  | 814 |  |

| Total tax expense in income statement | 3,721 |  | 814 |  |

KNFM Limited (Registered number: 04713684)

Notes to the Financial Statements - continued

for the Year Ended 31 May 2025

6. | DIVIDENDS

| 31.5.25 |  | 31.5.24

£ | £ |

| Ordinary shares of £1 each

| Dividend paid | 20,000 |  | 2,000 |  |

7. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 June 2024

| and 31 May 2025 | 110,000 |  |

| AMORTISATION

| At 1 June 2024

| and 31 May 2025 | 110,000 |  |

| NET BOOK VALUE

| At 31 May 2025 | - |  |

| At 31 May 2024 | - |  |

8. | TANGIBLE FIXED ASSETS

| Fixture & |  | Office |

| fittings |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 June 2024

| and 31 May 2025 | 3,312 |  | 4,183 |  | 7,495 |  |

| DEPRECIATION

| At 1 June 2024 | 3,056 |  | 1,697 |  | 4,753 |  |

| Charge for year | 64 |  | 621 |  | 685 |  |

| At 31 May 2025 | 3,120 |  | 2,318 |  | 5,438 |  |

| NET BOOK VALUE

| At 31 May 2025 | 192 |  | 1,865 |  | 2,057 |  |

| At 31 May 2024 | 256 |  | 2,486 |  | 2,742 |  |

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

| 31.5.25 |  | 31.5.24

£ | £ |

| Other debtors | 242 |  | - |  |

KNFM Limited (Registered number: 04713684)

Notes to the Financial Statements - continued

for the Year Ended 31 May 2025

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

| 31.5.25 |  | 31.5.24

£ | £ |

| Trade creditors | 980 |  | 457 |  |

| Tax | 7,618 |  | 814 |  |

| Directors' current accounts | 151,930 |  | 128,156 |  |

| Accrued expenses | 3,600 |  | 3,572 |  |

164,128 |  | 132,999 |  |

11. | PROVISIONS FOR LIABILITIES

| 31.5.25 |  | 31.5.24

£ | £ |

| Other provisions

| Clawback provision | - |  | 4,033 |  |

12. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.5.25 |  | 31.5.24

| value: | £ | £ |

| 204 | Ordinary | £1 | 204 |  | 204 |  |

13. | RESERVES

| Retained |  | Share |

| earnings |  | premium |  | Totals

£ | £ | £ |

| At 1 June 2024 | 89,476 |  | 29,996 |  | 119,472 |  |

| Profit for the year | 14,357 |  | 14,357 |  |

| Dividends | (20,000 | ) | (20,000 | ) |

| At 31 May 2025 | 83,833 |  | 29,996 |  | 113,829 |  |