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# KESTRL LTD

## Company Registration Number:
12297799 (England and Wales)

## Unaudited statutory accounts for the year ended 30 April 2025

## Period of accounts

## Start date: 1 May 2024

## End date: 30 April 2025

# KESTRL LTD

## Contents of the Financial Statements

for the Period Ended 30 April 2025

Directors report |
Profit and loss |
Balance sheet |
Additional notes |
Balance sheet notes |

# KESTRL LTD

Directors' report period ended 30 April 2025

The directors present their report with the financial statements of the company for the period ended 30 April 2025

Principal activities of the company

The principal activity of the group in the year under review was that of business and domestic software development and financial intermediation.

Directors

The directors shown below have held office during the whole of the period from
1 May 2024 to 30 April 2025

RADZI, Abdullah Irfan Bin Mohd
TERMIZI, Daeng Ahmad Saifullah Ahmad
SIDDIQUI, Ayaz Yousuf
SIDDIQUI, Areeb Ayaz

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
30 April 2026

And signed on behalf of the board by:
Name: SIDDIQUI, Ayaz Yousuf
Status: Director

# KESTRL LTD

## Profit And Loss Account

for the Period Ended 30 April 2025

| 2025 | 2024
--- | --- | ---
| £ | £
Turnover: | 261,432 | 248,025
Cost of sales: | ( 411,501 ) | ( 363,628 )
Gross profit(or loss): | (150,069) | (115,603)
Administrative expenses: | ( 207,853 ) | ( 135,708 )
Other operating income: | 66,872 | 30,422
Operating profit(or loss): | (291,050) | (220,889)
Interest receivable and similar income: | 19,570 | 923
Profit(or loss) before tax: | (271,480) | (219,966)
Profit(or loss) for the financial year: | (271,480) | (219,966)

# KESTRL LTD

## Balance sheet

As at 30 April 2025

| Notes | 2025 | 2024
--- | --- | --- | ---
|  | £ | £
Called up share capital not paid: |  | 0 | 0
Fixed assets
Intangible assets: |  | 0 | 0
Tangible assets: | 3 | 23,861 | 0
Investments: |  | 0 | 0
Total fixed assets: |  | 23,861 | 0
Current assets
Debtors: | 4 | 3,122 | 5,713
Cash at bank and in hand: |  | 278,683 | 558,739
Total current assets: |  | 281,805 | 564,452
Creditors: amounts falling due within one year: | 5 | ( 46,564 ) | ( 31,261 )
Net current assets (liabilities): |  | 235,241 | 533,191
Total assets less current liabilities: |  | 259,102 | 533,191
Total net assets (liabilities): |  | 259,102 | 533,191
Capital and reserves
Called up share capital: |  | 1,580 | 1,580
Share premium account: |  | 1,270,225 | 1,270,225
Other reserves: |  | (2,609) | 0
Profit and loss account: |  | (1,010,094 ) | (738,614 )
Total Shareholders' funds: |  | 259,102 | 533,191

The notes form part of these financial statements

# KESTRL LTD

## Balance sheet statements

For the year ending 30 April 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 30 April 2026
and signed on behalf of the board by:

Name: SIDDIQUI, Ayaz Yousuf
Status: Director

The notes form part of these financial statements

# KESTRL LTD

## Notes to the Financial Statements

for the Period Ended 30 April 2025

- ## 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Turnover policy

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

  Tangible fixed assets depreciation policy

  Tangible fixed assets are stated at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of each asset, less its estimated residual value, over its expected useful life on the following basis: Computer equipment: 20% per annum on a straight-line basis.

  Other 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 Section1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. Basis of consolidation These financial statements consolidate the results of Kestrl Ltd and its Malaysian subsidiary, Kestrl Tech. SDN. BHD. The consolidated financial statements present the results of the group as if it were a single entity. The entities that comprise the group have been consolidated on a line by line basis. On consolidation, investments in subsidiary undertakings, and balances and transactions between the group companies, have been eliminated. All group entities have adopted uniform accounting policies and have the same balance sheet date. Related party exemption The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements. Significant judgements and estimates The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Actual outcome may differ. Financial Instruments The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares. Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income statement. For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract. For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the reporting date. Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Taxation Taxation for the year comprises current and deferred tax. Tax is recognised in The Consolidated 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. Research and Development In the research phase of an internal project, it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight line basis over their useful economic lives. If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only. 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. 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. Debtors Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. Creditors Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. Currency translation reserve A currency translation reserve of £2,609 has been recognised in the year ended 30 April 2025 due to consolidation of the Malaysian subsidiary, Kestrl Tech SDN. BHD. No such reserve was required in the prior year ended 30 April 2024.

# KESTRL LTD

## Notes to the Financial Statements

for the Period Ended 30 April 2025

- ## 2. Employees

  | 2025 | 2024
  --- | --- | ---
  Average number of employees during the period | 15 | 15

# KESTRL LTD

## Notes to the Financial Statements

for the Period Ended 30 April 2025

## 3. Tangible assets

| Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total
--- | --- | --- | --- | --- | --- | ---
Cost | £ | £ | £ | £ | £ | £
At 1 May 2024 |  |  |  | 0 |  | 0
Additions |  |  |  | 28,786 |  | 28,786
Disposals |  |  |  | 0 |  | 0
Revaluations |  |  |  | 0 |  | 0
Transfers |  |  |  | 0 |  | 0
At 30 April 2025 |  |  |  | 28,786 |  | 28,786
Depreciation |  |  |  |  |  |
At 1 May 2024 |  |  |  | 0 |  | 0
Charge for year |  |  |  | 4,925 |  | 4,925
On disposals |  |  |  | 0 |  | 0
Other adjustments |  |  |  | 0 |  | 0
At 30 April 2025 |  |  |  | 4,925 |  | 4,925
Net book value |  |  |  |  |  |
At 30 April 2025 |  |  |  | 23,861 |  | 23,861
At 30 April 2024 |  |  |  | 0 |  | 0

# KESTRL LTD

## Notes to the Financial Statements

for the Period Ended 30 April 2025

## 4. Debtors

| 2025 | 2024
--- | --- | ---
| £ | £
Trade debtors | 2,599 | 0
Other debtors | 523 | 5,713
Total | 3,122 | 5,713

# KESTRL LTD

## Notes to the Financial Statements

for the Period Ended 30 April 2025

## 5. Creditors: amounts falling due within one year note

| 2025 | 2024
--- | --- | ---
| £ | £
Other creditors | 46,564 | 31,261
Total | 46,564 | 31,261