Company No: 10360545 (England and Wales)

Contents

• Company Information
• Accountants' Report
• Balance Sheet
• Notes to the Financial Statements

Directors	Mr Sam Butcher
	Mr Michael Butcher

Registered office	Goldwell Manor Farm Goldwell Lane
	Ashford
	United Kingdom

Company number

10360545 (England and Wales)

Accountant	Kreston Reeves LLP
	Suite 2
	Orchard House
	Orchard Street
	Canterbury
	Kent
	CT2 8AR

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of KASPAS SOUTH EAST LTD for the financial year ended 30 September 2025 which comprise the Balance Sheet and the related notes 1 to 10 from the Company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/regulation.

This report is made solely to the Board of Directors of KASPAS SOUTH EAST LTD, as a body, in accordance with the terms of our engagement letter dated 07 January 2026. Our work has been undertaken solely to prepare for your approval the financial statements of KASPAS SOUTH EAST LTD and state those matters that we have agreed to state to the Board of Directors of KASPAS SOUTH EAST LTD, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than KASPAS SOUTH EAST LTD and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that KASPAS SOUTH EAST LTD has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of KASPAS SOUTH EAST LTD. You consider that KASPAS SOUTH EAST LTD is exempt from the statutory audit requirement for the financial year.

We have not been instructed to carry out an audit or a review of the financial statements of KASPAS SOUTH EAST LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Kreston Reeves LLP

Suite 2
Orchard House
Orchard Street
Canterbury
Kent
CT2 8AR

20 May 2026

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	4	253,647		236,166
		253,647		236,166
Current assets
Debtors	5	12,649		6,987
Cash at bank and in hand		76,049		89,087
		88,698		96,074
Creditors: amounts falling due within one year	6	( 105,631)		( 117,283)
Net current liabilities		(16,933)		(21,209)
Total assets less current liabilities		236,714		214,957
Creditors: amounts falling due after more than one year	7	( 104,132)		( 148,484)
Net assets		132,582		66,473
Capital and reserves
Called-up share capital	8	2		2
Profit and loss account		132,580		66,471
Total shareholders' funds		132,582		66,473

For the financial year ending 30 September 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of KASPAS SOUTH EAST LTD (registered number: 10360545) were approved and authorised for issue by the Board of Directors on 20 May 2026. They were signed on its behalf by:

Mr Sam Butcher Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

KASPAS SOUTH EAST LTD (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Goldwell Manor Farm Goldwell Lane, Ashford, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets

5 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	not depreciated
Plant and machinery	5 years straight line
Vehicles	20 % reducing balance
Office equipment	5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	5		6

3. Intangible assets

	Other intangible assets		Total
	£		£
Cost
At 01 October 2024	33,000		33,000
At 30 September 2025	33,000		33,000
Accumulated amortisation
At 01 October 2024	33,000		33,000
At 30 September 2025	33,000		33,000
Net book value
At 30 September 2025	0		0
At 30 September 2024	0		0

4. Tangible assets

	Land and buildings		Plant and machinery		Vehicles		Office equipment		Total
	£		£		£		£		£
Cost
At 01 October 2024	193,179		181,331		25,150		6,112		405,772
Additions	0		29,913		0		445		30,358
Disposals	0		( 14,634)		0		0		( 14,634)
At 30 September 2025	193,179		196,610		25,150		6,557		421,496
Accumulated depreciation
At 01 October 2024	0		157,436		9,054		3,116		169,606
Charge for the financial year	0		8,153		3,219		1,012		12,384
Disposals	0		( 14,141)		0		0		( 14,141)
At 30 September 2025	0		151,448		12,273		4,128		167,849
Net book value
At 30 September 2025	193,179		45,162		12,877		2,429		253,647
At 30 September 2024	193,179		23,895		16,096		2,996		236,166

5. Debtors

	2025		2024
	£		£
Other debtors	12,649		6,987

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	43,184		42,016
Trade creditors	0		72
Taxation and social security	21,446		9,192
Other creditors	41,001		66,003
	105,631		117,283

7. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	104,132		148,484

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
1 A ordinary share of £ 1.00	1		1
1 B ordinary share of £ 1.00	1		1
	2		2

9. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

	2025		2024
	£		£
within one year	62,029		62,029
between one and five years	140,507		202,537
Total future minimum lease payments under non-cancellable operating leases	202,536		264,566

10. Ultimate controlling party

There is no controlling party of the company.