REGISTERED NUMBER: 14322665 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2025

FOR

KITE PROJECTS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

G Holmes

REGISTERED OFFICE:

The Nursery Littleton Lane

Sparsholt

Winchester

SO21 2LS

REGISTERED NUMBER:

14322665 (England and Wales)

ACCOUNTANTS:

Martin and Company

25 St Thomas Street

Winchester

Hampshire

SO23 9HJ

FIXED ASSETS

Intangible assets

4

1,085,201

1,312,581

Tangible assets

5

312,513

349,160

1,397,714

1,661,741

CURRENT ASSETS

Stocks

406,016

242,051

Debtors

6

1,052,657

755,101

Cash at bank and in hand

364,279

433,111

1,822,952

1,430,263

CREDITORS

Amounts falling due within one year

7

1,512,800

1,048,844

NET CURRENT ASSETS

310,152

381,419

TOTAL ASSETS LESS CURRENT LIABILITIES

1,707,866

2,043,160

CREDITORS

Amounts falling due after more than one year

8

(1,048,503

)

(1,217,076

)

PROVISIONS FOR LIABILITIES

(29,038

)

(45,339

)

NET ASSETS

630,325

780,745

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

630,225

780,645

630,325

780,745

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20th April 2026 and were signed by:

G Holmes - Director

1.	STATUTORY INFORMATION

Kite Projects 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Trademarks are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

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

Improvements to property

-

10% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

Straight line over 3 years

Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 12 (2024 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

Trademarks

Totals

£

£

£

COST

At 1st January 2025

and 31st December 2025

753,800

760,001

1,513,801

AMORTISATION

At 1st January 2025

175,887

25,333

201,220

Amortisation for year

75,380

152,000

227,380

At 31st December 2025

251,267

177,333

428,600

NET BOOK VALUE

At 31st December 2025

502,533

582,668

1,085,201

At 31st December 2024

577,913

734,668

1,312,581

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1st January 2025

176,009

38,272

12,311

Additions

-

20,889

3,248

Disposals

-

-

-

At 31st December 2025

176,009

59,161

15,559

DEPRECIATION

At 1st January 2025

17,863

16,348

3,629

Charge for year

17,601

10,709

2,987

Eliminated on disposal

-

-

-

At 31st December 2025

35,464

27,057

6,616

NET BOOK VALUE

At 31st December 2025

140,545

32,104

8,943

At 31st December 2024

158,146

21,924

8,682

Motor

Office

vehicles

equipment

Totals

£

£

£

COST

At 1st January 2025

226,029

14,027

466,648

Additions

38,150

2,851

65,138

Disposals

(41,000

)

(225

)

(41,225

)

At 31st December 2025

223,179

16,653

490,561

DEPRECIATION

At 1st January 2025

71,535

8,113

117,488

Charge for year

42,398

4,977

78,672

Eliminated on disposal

(17,937

)

(175

)

(18,112

)

At 31st December 2025

95,996

12,915

178,048

NET BOOK VALUE

At 31st December 2025

127,183

3,738

312,513

At 31st December 2024

154,494

5,914

349,160

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,025,555

587,304

Other debtors

27,102

167,797

1,052,657

755,101

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

46,848

44,900

Trade creditors

903,282

214,455

Amounts owed to group undertakings

346,639

340,700

Taxation and social security

108,031

191,135

Other creditors

108,000

257,654

1,512,800

1,048,844

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

15,416

55,760

Other creditors

1,033,087

1,161,316

1,048,503

1,217,076

9.	ULTIMATE CONTROLLING PARTY

The company's parent company is Corporation Holdings Ltd, which is incorporated in England and Wales. The registered office and principal place of business is The Nursery, Littleton Lane, Sparsholt, Winchester, SO21 2LS.