REGISTERED NUMBER: 13464697 (England and Wales)

KORE OUTDOOR EUROPE LIMITED

Financial Statements

For The Year Ended 31 December 2025

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

W F Ceranski

A R Akbar

P Dowse

A G Sellery

H Gurunlian

SECRETARY:

R Q Anderson

REGISTERED OFFICE:

Adrenalin House

Farningham Road

Crowborough

East Sussex

TN6 2JD

REGISTERED NUMBER:

13464697 (England and Wales)

AUDITORS:

Hilden Park Accountants Limited

Chartered Accountants

& Statutory Auditors

Hilden Park House

79 Tonbridge Road

Hildenborough

Tonbridge

Kent

TN11 9BH

CURRENT ASSETS

Stocks

951,468

760,711

Debtors

2,341,301

2,890,525

Cash at bank and in hand

96,278

60,246

3,389,047

3,711,482

CREDITORS

Amounts falling due within one year

261,222

674,619

NET CURRENT ASSETS

3,127,825

3,036,863

TOTAL ASSETS LESS CURRENT LIABILITIES

3,127,825

3,036,863

CAPITAL AND RESERVES

Called up share capital

20

20

Share premium

1,612,253

1,612,253

Retained earnings

1,515,552

1,424,590

3,127,825

3,036,863

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 June 2026 and were signed on its behalf by:

H Gurunlian - Director

1.	STATUTORY INFORMATION

Kore Outdoor Europe 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.

During the year, on 30 April 2025 the company changed its functional currency from pound sterling to United States dollar. This change was made because the primary economic environment in which the company operates shifted due to being a member of an overseas group of which the group reporting is in United States dollar and the company has significant transactions and activity with the overseas group.

The change in functional currency has been applied prospectively from the date of change. All items have been translated into the new functional currency using the exchange rate at the date of change. Comparative figures have not been restated.

The presentational currency of the financial statements is pound sterling due to the turnover and profits arising being generated in the United Kingdom.

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.

Tangible fixed assets

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

Plant and machinery

-

Straight line over 6 years

Motor vehicles

-

Straight line over 6 years

Office equipment

-

Straight line over 3 years

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 Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

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 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2025

and 31 December 2025

17,772

DEPRECIATION

At 1 January 2025

and 31 December 2025

17,772

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

-

5.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

66,000

66,000

Between one and five years

264,000

264,000

In more than five years

401,500

5,500

731,500

335,500

The operating lease relates to the warehouse and offices located in Crowborough.

6.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Paul Chewter FCA (Senior Statutory Auditor)

for and on behalf of Hilden Park Accountants Limited

7.	ULTIMATE CONTROLLING PARTY

The ultimate parent company is Kore Outdoor Ltd, a company incorporated in Canada.

Kore Outdoor Ltd prepares group consolidated financial statements and copies can be obtained from that at 6000 Kieran, Ville St Laurent, QC H4S 2B5, Canada.