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REGISTERED NUMBER: 05853341 (England and Wales)





















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

KITE PACKAGING PROPERTIES 1 LIMITED
KITE PACKAGING PROPERTIES 1 LIMITED (REGISTERED NUMBER: 05853341)






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 1 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: 05853341 (England and Wales)





AUDITORS: Dafferns Audit Limited
Chartered Accountants
Statutory Auditor
One Eastwood
Harry Weston Road
Binley Business Park
Coventry
CV3 2UB
Page 1
KITE PACKAGING PROPERTIES 1 LIMITED (REGISTERED NUMBER: 05853341)

BALANCE SHEET
31 December 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Investment property 5 4,925,000 4,700,000

CURRENT ASSETS
Debtors 6 34,019 34,479
Cash at bank 99 893
34,118 35,372
CREDITORS
Amounts falling due within one year 7 68,931 102,908
NET CURRENT LIABILITIES (34,813 ) (67,536 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
4,890,187
4,632,464

CREDITORS
Amounts falling due after more than one
year
8
(2,200,000
)
(2,300,000
)

PROVISIONS FOR LIABILITIES (296,500 ) (239,000 )
NET ASSETS 2,393,687 2,093,464

CAPITAL AND RESERVES
Called up share capital 9 800,000 800,000
Investment property
revaluation reserve 10 1,803,079 1,634,079
Retained earnings (209,392 ) (340,615 )
SHAREHOLDERS' FUNDS 2,393,687 2,093,464

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


The notes form part of these financial statements

Page 2
KITE PACKAGING PROPERTIES 1 LIMITED (REGISTERED NUMBER: 05853341)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2025

1. STATUTORY INFORMATION

Kite Packaging Properties 1 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 lessee) 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 rental yields 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).

Page 3 continued...
KITE PACKAGING PROPERTIES 1 LIMITED (REGISTERED NUMBER: 05853341)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2025

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2025 4,700,000
Revaluations 225,000
At 31 December 2025 4,925,000
NET BOOK VALUE
At 31 December 2025 4,925,000
At 31 December 2024 4,700,000

Fair value at 31 December 2025 is represented by:
£   
Valuation in 2015 107,760
Valuation in 2017 266,175
Valuation in 2018 150,144
Valuation in 2019 175,000
Valuation in 2021 165,000
Valuation in 2023 335,000
Valuation in 2024 625,000
Valuation in 2025 225,000
Cost 2,875,921
4,925,000

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

2025 2024
£    £   
Cost 2,875,921 2,875,921

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
£    £   
Prepayments 34,019 34,479

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Amounts owed to group undertakings 1,174 75,823
Taxation and social security 43,544 -
Other creditors 24,213 27,085
68,931 102,908

Page 4 continued...
KITE PACKAGING PROPERTIES 1 LIMITED (REGISTERED NUMBER: 05853341)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2025

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Amounts owed to group undertakings 2,200,000 2,300,000

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
2,000,000 Ordinary 20p 400,000 400,000
2,000,000 Preference 20p 400,000 400,000
800,000 800,000

The preference shares carry no right to any dividend, have no voting rights and are non-interest bearing. They are redeemable at the option of the company or immediately prior to a sale or flotation.

10. RESERVES
Investment
property
revaluation
reserve
£   
At 1 January 2025 1,634,079
Property revaluation 169,000

At 31 December 2025 1,803,079

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.

Page 5