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Registered number: SC606838
Kete Ltd
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
Prepared By:
Cunningham Grant
Chartered Accountants
Unit G6, The Granary Business Centre
Coal Road, Cupar
Fife
KY15 5YQ

Kete Ltd

FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
DIRECTORS
Neal Dicker
Kim Dicker
REGISTERED OFFICE
G6 The Granary Business Centre
Coal Road
Cupar
Fife
KY15 5YQ
COMPANY DETAILS
Private company limited by shares registered in SC - Scotland, registered number SC606838
ACCOUNTANTS
Cunningham Grant
Chartered Accountants
Unit G6, The Granary Business Centre
Coal Road, Cupar
Fife
KY15 5YQ

Kete Ltd

FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
CONTENTS |  |
|  | Page
Directors' Report |  | -
Accountants' Report |  | -
Statement Of Comprehensive Income |  | -
Balance Sheet |  | 3
Notes To The Accounts |  | 4
The following do not form part of the statutory financial statements: |  |
Trading And Profit And Loss Account |  | -
Profit And Loss Account Summaries |  | -

Kete Ltd

BALANCE SHEET AT 31 August 2025
|  |  |  |  |  | 2025 |  |  |  | 2024
|  | Notes |  |  |  | £ |  |  |  | £
FIXED ASSETS |  |  |  |  |  |  |  |  |  |
Tangible assets |  | 3 |  |  |  | 591,000 |  |  |  | 559,000
CURRENT ASSETS |  |  |  |  |  |  |  |  |  |
Debtors |  | 5 |  | 3,106 |  |  |  | 1,926 |  |
Cash at bank and in hand |  |  |  | 4,739 |  |  |  | 4,138 |  |
|  |  |  | 7,845 |  |  |  | 6,064 |  |
CREDITORS: Amounts falling due within one year |  | 6 |  | 116,225 |  |  |  | 114,916 |  |
NET CURRENT LIABILITIES |  |  |  |  |  | (108,380) |  |  |  | (108,852)
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  |  |  |  | 482,620 |  |  |  | 450,148
CREDITORS: Amounts falling due after more than one year |  | 7 |  |  |  | 356,743 |  |  |  | 356,743
PROVISIONS FOR LIABILITIES AND CHARGES |  |  |  |  |  | 29,891 |  |  |  | 21,891
NET ASSETS |  |  |  |  |  | 95,986 |  |  |  | 71,514
CAPITAL AND RESERVES |  |  |  |  |  |  |  |  |  |
Called up share capital |  | 9 |  |  |  | 1,000 |  |  |  | 1,000
Profit and loss account |  |  |  |  |  | 94,986 |  |  |  | 70,514
SHAREHOLDERS' FUNDS |  |  |  |  |  | 95,986 |  |  |  | 71,514
For the year ending 31 August 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 25 May 2026 and signed on their behalf by |  |  |  |  |  |  |  |  |  |
............................. |  |  |  |  |  |  |  |  |  |
Neal Dicker |  |  |  |  |  |  |  |  |  |
Director |  |  |  |  |  |  |  |  |  |

Kete Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2025

1. ACCOUNTING POLICIES

1a. General Information & Basis of Accounting
The company is limited by shares and incorporated in Scotland. The address of the registered office is given in the company information on page 1 of these financial statements.
The financial statements have been prepared in accordance with Financial Reporting Standard FRS 102 including Section 1A Small Entities, the Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. There were no material departures from that standard.
The financial statements are presented in sterling which is the functional currency of the company and are rounded to the nearest £1. 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 shown.

1b. Turnover
The turnover shown in the profit and loss account represents income from let property in the year

1c. Investment Properties
Investment properties are measured at fair value at each reporting date with changes in fair value recognised in net gains/(losses) on investments in the Statement of Financial Activities.

1d. Cash And Cash Equivalents
Cash and cash equivalents are basic financial instruments which include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1e. Financial Instruments
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Kete Ltd

1f. 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 represents the future tax consequences of transactions and events recognised in the financial statements of 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 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.
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.

1g. Critical Accounting Estimates And Judgements
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources.
The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

2. EMPLOYEES |  |  |  |  |  |
|  |  |  | 2025 |  | 2024
|  |  |  | No. |  | No.
Average number of employees |  |  |  | - |  | -

Kete Ltd

3. TANGIBLE FIXED ASSETS |  |  |  |
|  | Land And |  |
|  | Buildings |  | Total
|  | £ |  | £
Cost |  |  |  |
At 1 September 2024 |  | 559,000 |  | 559,000
Revaluation |  | 32,000 |  | 32,000
At 31 August 2025 |  | 591,000 |  | 591,000
Depreciation |  |  |  |
At 31 August 2025 |  | - |  | -
Net Book Amounts |  |  |  |
At 31 August 2025 |  | 591,000 |  | 591,000
At 31 August 2024 |  | 559,000 |  | 559,000
The assets in Land & Buildings are in respect of investment properties. |

4. INVESTMENT PROPERTIES |  |  |  |
|  | Investment |  |
|  | Properties |  | Total
|  | £ |  | £
Fair value |  |  |  |
At 1 September 2024 |  | 559,000 |  | 559,000
Revaluation |  | 32,000 |  | 32,000
At 31 August 2025 |  | 591,000 |  | 591,000
The investment properties were valued at fair value at the balance sheet date by the director.

5. DEBTORS |  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
Amounts falling due within one year: |  |  |  |  |  |
Trade debtors |  |  |  | 3,106 |  | 1,926
|  |  |  | 3,106 |  | 1,926

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |  |  |  |  |  |
|  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
Taxation and social security |  |  |  | 30 |  | -
Other creditors |  |  |  | 116,195 |  | 114,916
|  |  |  | 116,225 |  | 114,916

Kete Ltd

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |  |  |  |  |  |
|  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
Bank loans and overdrafts |  |  |  | 356,743 |  | 356,743
|  |  |  | 356,743 |  | 356,743
Included within creditors due after more than one year are: |  |  |  |  |  |
Amounts falling due after more than five years |  |  |  |  |  |
- repayable otherwise than by installments |  |  |  | 356,743 |  | 356,743

8. SECURED CREDITORS |  |  |  |  |  |
|  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
Amount of bank loans and overdrafts which are secured |  |  |  | 356,743 |  | 356,743
Bank loan are secured by means of standard security over the company's investment properties.

9. SHARE CAPITAL |  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
Allotted, issued and fully paid: |  |  |  |  |  |
1000 Class 1 shares of £1 each |  |  |  | 1000 |  | 1000
|  |  |  | 1,000 |  | 1,000

10. RELATED PARTY TRANSACTIONS
Included in other creditors is an interest free loan from the directors and close family members of £114,874 (2024 - £114,076).
During the year £5,084 (2024 - £4,109) was paid to Tuturu Ltd, a company in which N Dicker and K Dicker are shareholders and directors, in respect of management services. Included in debtors is £3,106 (2024 - £1,926) due from Tuturu Ltd.

11. PROFIT AND LOSS RESERVES
Profit and loss account - This reserve records retained earnings and accumulated losses including surplus/ deficit on market value changes of investment properties. At the year end £89,671 (2024 - £65,671) is non distributable.