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REGISTERED NUMBER: 08705049 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR

KARIS DEVELOPMENTS GROUP LIMITED

KARIS DEVELOPMENTS GROUP LIMITED (REGISTERED NUMBER: 08705049) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

Page |

| Balance Sheet | 1 |

| Notes to the Financial Statements | 2 |

KARIS DEVELOPMENTS GROUP LIMITED (REGISTERED NUMBER: 08705049) |

BALANCE SHEET

30 SEPTEMBER 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Investments | 4 | 362,003 |  | 5,056,936 |  |

CURRENT ASSETS

Debtors | 5 | 100 |  | 100 |  |

Cash in hand | 1 |  | 1 |  |

101 |  | 101 |  |

CREDITORS

Amounts falling due within one year | 6 | 3,042,516 |  | 3,056,937 |  |

NET CURRENT LIABILITIES | (3,042,415 | ) | (3,056,836 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (2,680,412 | ) | 2,000,100 |  |

CAPITAL AND RESERVES

Called up share capital | 2,000,100 |  | 2,000,100 |  |

Retained earnings | (4,680,512 | ) | - |  |

(2,680,412 | ) | 2,000,100 |  |

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 July 2026 and were signed by:

J Arghiros - Director

KARIS DEVELOPMENTS GROUP LIMITED (REGISTERED NUMBER: 08705049) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

1. | STATUTORY INFORMATION

| Karis Developments Group 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: | 08705049

| Registered office: | 15 West Street

| Brighton

| East Sussex

| BN1 2RL

| 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.

| Preparation of consolidated financial statements

| The financial statements contain information about Karis Developments Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

| Investments in subsidiaries and associates

| Investments in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately to profit or loss.

| Financial instruments

| Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

| Going concern

| After reviewing the company's forecasts, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the accounts.

3. | EMPLOYEES

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

4. | FIXED ASSET INVESTMENTS

| Shares in |  | Interest |

| group |  | in |

| undertakings |  | associate |  | Totals

£ | £ | £ |

| COST

| At 1 October 2024 | 5,025,276 |  | 31,660 |  | 5,056,936 |  |

| Impairments | (4,663,273 | ) | (31,660 | ) | (4,694,933 | ) |

| At 30 September 2025 | 362,003 |  | - |  | 362,003 |  |

| NET BOOK VALUE

| At 30 September 2025 | 362,003 |  | - |  | 362,003 |  |

| At 30 September 2024 | 5,025,276 |  | 31,660 |  | 5,056,936 |  |

KARIS DEVELOPMENTS GROUP LIMITED (REGISTERED NUMBER: 08705049) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

4. | FIXED ASSET INVESTMENTS - continued

| The director has undertaken an impairment review of fixed asset investments at the year end and the resulting impairments have been recognised in profit and loss for the year.

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

2025 | 2024 |

£ | £ |

| Other debtors | 100 |  | 100 |  |

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

2025 | 2024 |

£ | £ |

| Amounts owed to group undertakings | 3,042,516 |  | 3,042,516 |  |

| Other creditors | - |  | 14,421 |  |

3,042,516 |  | 3,056,937 |  |

| Amounts due to group undertakings are interest free and repayable on demand.

7. | POST BALANCE SHEET EVENTS

| After the balance sheet date, an amount of £3,000,000 included within amounts owed to group undertakings in these financial statements, was written back to profit and loss.