The Keswick Enterprises Group Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05161212 (England and Wales)

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

THE KESWICK ENTERPRISES GROUP LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr J A Harvey CBE BA(Hons) FCILT

Mr G M Gillo

Mr M Wallis LLB FCILT

Mr G D Withers BSc ACMA

Mr S L Ross

SECRETARY:

Mr G M Gillo

REGISTERED OFFICE:

19-20 Bourne Court

Southend Road

Woodford Green

Essex

IG8 8HD

REGISTERED NUMBER:

05161212 (England and Wales)

AUDITORS:

Xeinadin Audit Limited

Statutory Auditor

Maple House, Level 5A

149 Tottenham Court Road

London

W1T 7NF

FIXED ASSETS

Tangible assets

4

-

Investments

5

8,652,724

7,352,724

8,652,724

7,352,724

CURRENT ASSETS

Debtors

2,726,556

2,812,623

Cash at bank

2,298

18,260

2,728,854

2,830,883

CREDITORS

Amounts falling due within one year

8,185,269

3,381,071

NET CURRENT LIABILITIES

(5,456,415

)

(550,188

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,196,309

6,802,536

CAPITAL AND RESERVES

Called up share capital

4,670,101

4,670,001

Other reserves

2,000,000

Retained earnings

(3,473,792

)

132,535

SHAREHOLDERS' FUNDS

3,196,309

6,802,536

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 20 July 2026 and were signed on its behalf by:

Mr G M Gillo - Director

1.	STATUTORY INFORMATION

The Keswick Enterprises Group 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.	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 taxes. Turnover is recognised when the services are performed.

Tangible fixed assets

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

Office equipment

-

33% on cost

Depreciation methods, useful lives and residual values are reviewed if there is an indication of a significant change since last annual reporting date in the pattern by which the company expects to consume an asset's future economic benefits

Financial instruments

Basic financial assets, including trade and other receivables and cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Taxation

Taxation for the year comprises current and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. The measurement of deferred tax liabilities and assets reflects the tax consequences that would follow from the manner in which the company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. A defined contribution plan is a post-employment benefit plan under which the company pays fixed contributions into a separate entity and will have no legal or constructive obligation to pay further amounts. Obligations for contributions to defined contribution pension plans are recognised as an expense in the profit and loss account in the periods during which services are rendered by employees.

Fixed asset investments

Fixed asset investments are shown at acquisition cost subject to any provisions for permanent diminution in value.

Leasing commitments

Operating lease payments are recognised as an expense on a straight-line basis over the lease term, except where another systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed. Contingent rentals arising under operating leases are recognised as an expense in the period in which they are incurred.

In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight line basis over the lease term, except where another systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed.

Preparation of consolidated financial statements

The financial statements contain information about The Keswick Enterprises Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company has taken advantage of the exemption conferred by section 400 of the Companies Act 2006 not to produce consolidated financial statements as it is included in EEA group accounts of a larger group.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2025

and 31 December 2025

2,556

DEPRECIATION

At 1 January 2025

and 31 December 2025

2,556

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

-

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 January 2025

7,352,724

Additions

1,300,000

At 31 December 2025

8,652,724

NET BOOK VALUE

At 31 December 2025

8,652,724

At 31 December 2024

7,352,724

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Spatial Global Ltd

Registered office: England and Wales

Nature of business: Freight forwarding and mail fulfilment

%

Class of shares:

holding

Ordinary

100.00

Keswick Fulfilment Services Group Ltd

Registered office: England and Wales

Nature of business: Contract logistics and Co packing

%

Class of shares:

holding

Ordinary

100.00

6.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

Amounts falling due within one year or on demand:

Bank loans

-

87,500

7.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Bank overdrafts

4,548,288

1,279,743

Bank loans

-

87,500

4,548,288

1,367,243

At the year end, the bank overdrafts were secured by way of a debenture over the company's assets.

Mr J A Harvey, the ultimate controlling party, has also given a limited personal guarantee to Barclays Bank in support of the group borrowing.

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

The Report of the Auditors was unqualified.

Mr Thurairatnam Sudarshan FCCA (Senior Statutory Auditor)

for and on behalf of Xeinadin Audit Limited

9.	CONTINGENT LIABILITIES

The company has granted a fixed and floating charge to Barclays Bank plc over all of its assets as security for the borrowings of the Keswick Enterprises Group of companies. At 31 December 2025 group borrowings amounted to £5,270,078 (2024: £4,824,076).

10.	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.

Total compensation of key management personnel in the year amounted to £436,477 (2024: £284,591).

11.	FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements. We also use our auditors to provide tax advice.

12.	ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of The Keswick Enterprises Network Ltd. Mr J A Harvey is the ultimate controlling party by virtue of owning 70% of the parent company.