REGISTERED NUMBER: 09532719 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR

KESIA LIMITED

Page

Chartered Accountants' Report

1

Statement of Financial Position

2

Notes to the Financial Statements

4

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Kesia Limited for the year ended 30 September 2025 which comprise the Income Statement, Statement of Financial Position and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Kesia Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Kesia Limited and state those matters that we have agreed to state to the director of Kesia Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kesia Limited and its director for our work or for this report.

It is your duty to ensure that Kesia Limited 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 Kesia Limited. You consider that Kesia Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Kesia Limited. 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.

AGK Partners

Chartered Accountants

1 Kings Avenue

Winchmore Hill

London

N21 3NA

9 July 2026

FIXED ASSETS

Property, plant and equipment

4

48,098

61,166

Investment property

5

7,716,531

7,551,766

7,764,629

7,612,932

CURRENT ASSETS

Debtors

6

1,931,944

696,531

Cash at bank

159,780

81,593

2,091,724

778,124

CREDITORS

Amounts falling due within one year

7

9,111,887

7,633,539

NET CURRENT LIABILITIES

(7,020,163

)

(6,855,415

)

TOTAL ASSETS LESS CURRENT LIABILITIES

744,466

757,517

CREDITORS

Amounts falling due after more than one year

8

(662,600

)

(738,293

)

PROVISIONS FOR LIABILITIES

11

(12,025

)

(15,291

)

NET ASSETS

69,841

3,933

CAPITAL AND RESERVES

Called up share capital

300

300

Retained earnings

69,541

3,633

69,841

3,933

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 director and authorised for issue on 9 July 2026 and were signed by:

Mr H Yavuz - Director

1.	STATUTORY INFORMATION

Kesia Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

09532719

Registered office:

1 Leisure Way

Finchley

London

N12 0QZ

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

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.

Significant judgements and estimates

In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount 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 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.

There are no significant judgements or estimates involved in the preparation of the financial statements.

Revenue

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax.

Revenue represents the value of rental income chargeable in respect of the company's investment property.

Revenue is recognised evenly over the period of the rental agreement.

Property, plant and equipment

Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses. Such cost includes costs directly attributable to making the assets capable of operating as intended.

The carrying value of tangible assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery - 20% on reducing balance

Fixtures and fittings - 20% on reducing balance

The company has adopted the policy of not depreciating the assets in the first year, however full depreciation is provided in the year of disposal.

Investment property

Investment property, which is property held to earn rentals, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure.

Subsequently it is measured at fair value at the reporting date. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Deferred tax is provided on these gains at the rate expected to apply if the property is sold at the balance sheet date.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the statement of financial position 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.

Cash and cash equivalents

Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.

Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

Change in comparatives

The accounts have been prepared for a period of 12 months whereas the comparatives are for a period of 18 months.

3.	EMPLOYEES AND DIRECTORS

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

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 October 2024

and 30 September 2025

235,401

105,069

340,470

DEPRECIATION

At 1 October 2024

190,910

88,394

279,304

Charge for year

8,899

4,169

13,068

At 30 September 2025

199,809

92,563

292,372

NET BOOK VALUE

At 30 September 2025

35,592

12,506

48,098

At 30 September 2024

44,491

16,675

61,166

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2024

7,551,766

Additions

164,765

At 30 September 2025

7,716,531

NET BOOK VALUE

At 30 September 2025

7,716,531

At 30 September 2024

7,551,766

The director considers that the market value of the property as at the year-end to be as stated in the financial statements.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

2,430

9,580

Other debtors

1,929,514

686,951

1,931,944

696,531

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 9)

75,655

71,801

Trade creditors

4,800

-

Amounts owed to group undertakings

8,590,400

7,200,400

Taxation and social security

349,775

273,538

Other creditors

91,257

87,800

9,111,887

7,633,539

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 9)

662,600

738,293

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

359,980

451,089

9.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank loans

75,655

71,801

Amounts falling due between two and five years:

Bank loans - 2-5 years

302,620

287,204

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

359,980

451,089

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

738,255

810,094

Bank loan is secured by way of fixed and floating charge on the property and other assets of the company and contains a negative pledge.

11.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

12,025

15,291

Deferred

tax

£

Balance at 1 October 2024

15,291

Credit to Income Statement during year

(3,266

)

Balance at 30 September 2025

12,025

12.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in other debtors less than one year is an amount of £490,380 (2024: £490,380) due from the director of the company. Interest at the rate of 2.25% and 3.75% has been charged on the overdrawn balance and was fully repaid on 12 May 2026.

13.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Included in the other debtors due within a year is an amount of £1,085,000 (2024: £Nil) due from related companies under common control. The loans remain interest free and recoverable on demand.