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REGISTERED NUMBER: 08675534 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

KITE PACKAGING PROPERTIES 2 LIMITED

KITE PACKAGING PROPERTIES 2 LIMITED (REGISTERED NUMBER: 08675534) |

CONTENTS OF THE FINANCIAL STATEMENTS

for the year ended 31 December 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| KITE PACKAGING PROPERTIES 2 LIMITED |

COMPANY INFORMATION

for the year ended 31 December 2025

| DIRECTORS: | B.G. McInnes

| M-B. Ashe

| SECRETARY: | M-B. Ashe

| REGISTERED OFFICE: | Puma Park

| 102-106 Scimitar Way

| Coventry

| CV3 4GB

| REGISTERED NUMBER: | 08675534 (England and Wales)

| AUDITORS: | Dafferns Audit Limited

| Chartered Accountants

| Statutory Auditor

| One Eastwood

| Harry Weston Road

| Binley Business Park

| Coventry

| CV3 2UB

KITE PACKAGING PROPERTIES 2 LIMITED (REGISTERED NUMBER: 08675534) |

BALANCE SHEET

31 December 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Investment property | 5 | 6,425,000 |  | 6,150,000 |  |

CURRENT ASSETS

Debtors | 6 | 53,201 |  | 19,078 |  |

Cash at bank | 99 |  | 1,084 |  |

53,300 |  | 20,162 |  |

CREDITORS

Amounts falling due within one year | 7 | 220,794 |  | 119,404 |  |

NET CURRENT LIABILITIES | (167,494 | ) | (99,242 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 6,257,506 |  | 6,050,758 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (3,200,000 | ) | (3,300,000 | ) |

PROVISIONS FOR LIABILITIES | (534,000 | ) | (465,000 | ) |

NET ASSETS | 2,523,506 |  | 2,285,758 |  |

CAPITAL AND RESERVES

Called up share capital | 9 | 100,000 |  | 100,000 |  |

Investment property

revaluation reserve | 10 | 1,895,236 |  | 1,689,236 |  |

Retained earnings | 528,270 |  | 496,522 |  |

SHAREHOLDERS' FUNDS | 2,523,506 |  | 2,285,758 |  |

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 May 2026 and were signed on its behalf by:

M-B. Ashe - Director

KITE PACKAGING PROPERTIES 2 LIMITED (REGISTERED NUMBER: 08675534) |

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 31 December 2025

1. | STATUTORY INFORMATION

| Kite Packaging Properties 2 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

2. | STATEMENT OF COMPLIANCE

| 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.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

| Turnover

| Turnover represents rental income, excluding value added tax. Rental income from operating leases (net of any incentives given to the lessees) is recognised on a straight-line basis over the lease term.

| Investment property

| Investment property is shown at fair value, with changes in fair value being recognised in the income statement. The company engaged independent valuation specialists to determine fair value at 31 December 2025. The valuer used a valuation technique based on a combination of rental yields and rate per sq ft based on the tenant profile of the units, and market evidence for similar properties.

| 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 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.

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was NIL (2024 - NIL).

KITE PACKAGING PROPERTIES 2 LIMITED (REGISTERED NUMBER: 08675534) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 December 2025

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 January 2025 | 6,150,000 |  |

| Revaluations | 275,000 |  |

| At 31 December 2025 | 6,425,000 |  |

| NET BOOK VALUE

| At 31 December 2025 | 6,425,000 |  |

| At 31 December 2024 | 6,150,000 |  |

| Fair value at 31 December 2025 is represented by:

£ |

| Valuation in 2015 | 373,099 |  |

| Valuation in 2016 | (65,654 | ) |

| Valuation in 2017 | 324,981 |  |

| Valuation in 2018 | 246,810 |  |

| Valuation in 2019 | 225,000 |  |

| Valuation in 2021 | 255,000 |  |

| Valuation in 2023 | 770,000 |  |

| Valuation in 2025 | 275,000 |  |

| Cost | 4,020,764 |  |

6,425,000 |  |

| If the investment had not been revalued it would have been included at the following historical cost:

2025 | 2024 |

£ | £ |

| Cost | 4,020,764 |  | 4,020,764 |  |

| The investment property was valued on a fair value basis on 31 December 2025 by BNP Paribas Real Estate .

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Amounts owed by group undertakings | 39,816 |  | - |  |

| Prepayments and accrued income | 13,385 |  | 19,078 |  |

53,201 |  | 19,078 |  |

KITE PACKAGING PROPERTIES 2 LIMITED (REGISTERED NUMBER: 08675534) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 December 2025

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Amounts owed to group undertakings | - |  | 3,090 |  |

| Taxation and social security | 70,963 |  | 26,802 |  |

| Other creditors | 149,831 |  | 89,512 |  |

220,794 |  | 119,404 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Amounts owed to group undertakings | 3,200,000 |  | 3,300,000 |  |

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 100,000 | Ordinary | £1 | 100,000 |  | 100,000 |  |

10. | RESERVES

| Investment

| property

| revaluation

| reserve

£ |

| At 1 January 2025 | 1,689,236 |  |

| Property revaluation | 206,000 |  |

| At 31 December 2025 | 1,895,236 |  |

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

| The Report of the Auditors was unqualified.

| Geoffrey Cox BA FCA (Senior Statutory Auditor)

| for and on behalf of Dafferns Audit Limited

12. | RELATED PARTY DISCLOSURES

| Related party transactions with fellow subsidiaries and the holding company have not been disclosed as the company is a wholly-owned subsidiary and is included within the consolidated accounts of the group.

13. | ULTIMATE CONTROLLING PARTY

| The Company is a wholly-owned subsidiary of Kite Packaging Group Holdings Limited (KPGH).

| The registered office and principal place of business of KPGH is Puma Park, 102-106 Scimitar Way, Coventry, England, UK, CV3 4GB.