REGISTERED NUMBER: 11500962 (England and Wales)

Unaudited Financial Statements

for the Period 1st October 2024 to 31st December 2025

for

Kinherit Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr T P M King

Mr R L Thomson

Mr B T F Mason

REGISTERED OFFICE:

Bradbrooke House

Almondsbury Business Centre

Woodlands

Bristol

BS32 4QH

REGISTERED NUMBER:

11500962 (England and Wales)

ACCOUNTANTS:

Dunkley's

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

United Kingdom

BS32 4JY

FIXED ASSETS

Intangible assets

4

6,252

7,990

Tangible assets

5

36,454

48,529

Investments

6

-

100

42,706

56,619

CURRENT ASSETS

Debtors

7

170,241

48,845

Cash at bank and in hand

89,164

78,866

259,405

127,711

CREDITORS

Amounts falling due within one year

8

263,770

540,722

NET CURRENT LIABILITIES

(4,365

)

(413,011

)

TOTAL ASSETS LESS CURRENT LIABILITIES

38,341

(356,392

)

CREDITORS

Amounts falling due after more than one year

9

63,000

69,000

NET LIABILITIES

(24,659

)

(425,392

)

CAPITAL AND RESERVES

Called up share capital

12

117

113

Share premium

13

947,895

931,189

Capital redemption reserve

13

4

4

Retained earnings

13

(972,675

)

(1,356,698

)

SHAREHOLDERS' FUNDS

(24,659

)

(425,392

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st December 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 18th August 2026 and were signed on its behalf by:

Mr R L Thomson - Director

Mr T P M King - Director

1.	STATUTORY INFORMATION

Kinherit Ltd 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.

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.

The financial statements are presented in Pound Sterling (£), which is the company's functional and presentation currency.

Turnover

Turnover represents amounts receivable for services provided in the ordinary course of business, principally end-of-life planning and consultancy services and related introducer activities.

Revenue is recognised when control of the service has transferred to the customer, being when the services have been performed and there is an enforceable right to consideration.

Consultancy income is recognised over the period in which the services are delivered, based on the stage of completion of the engagement. Introducer fees are recognised at the point at which the referral is successfully completed and the company’s performance obligations have been satisfied.

Turnover is stated net of discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33.33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

The company has elected to apply the provisions of Section 11 "Basic Financial Instruments" of FRS 102.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, including trade and other debtors and cash at bank, are initially recognised at transaction price and subsequently measured at amortised cost using the effective interest method, less any impairment.

Basic financial liabilities, including trade and other creditors and loans, are initially recognised at transaction price and subsequently measured at amortised cost using the effective interest method.

Where financial assets or liabilities contain a financing element and settlement is deferred beyond normal commercial terms, the instrument is initially recognised at the present value of future cash flows and subsequently measured at amortised cost. The unwinding of any discount is recognised in profit or loss as finance income or finance expense where the effect is material.

Taxation

Taxation for the period 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 period 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 30 (2024 - 25 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1st October 2024

and 31st December 2025

13,900

AMORTISATION

At 1st October 2024

5,910

Charge for period

1,738

At 31st December 2025

7,648

NET BOOK VALUE

At 31st December 2025

6,252

At 30th September 2024

7,990

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1st October 2024

45,972

51,335

97,307

Additions

1,440

7,483

8,923

Disposals

-

(2,562

)

(2,562

)

At 31st December 2025

47,412

56,256

103,668

DEPRECIATION

At 1st October 2024

13,340

35,438

48,778

Charge for period

6,353

13,282

19,635

Eliminated on disposal

-

(1,199

)

(1,199

)

At 31st December 2025

19,693

47,521

67,214

NET BOOK VALUE

At 31st December 2025

27,719

8,735

36,454

At 30th September 2024

32,632

15,897

48,529

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1st October 2024

100

Disposals

(100

)

At 31st December 2025

-

NET BOOK VALUE

At 31st December 2025

-

At 30th September 2024

100

7.

DEBTORS

31.12.25

30.9.24

£

£

Amounts falling due within one year:

Trade debtors

12,712

10,696

Amounts owed by group undertakings

-

3,926

Other debtors

50,160

200

Prepayments

32,369

34,023

95,241

48,845

31.12.25

30.9.24

£

£

Amounts falling due after more than one year:

Other debtors

75,000

-

Aggregate amounts

170,241

48,845

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

30.9.24

£

£

Other loans

23,000

23,000

Trade creditors

56,675

25,705

Tax

10,930

9,037

Social security and other taxes

21,594

22,534

VAT

62,238

51,282

Other creditors

4,352

4,381

Directors' current accounts

66,365

397,727

Accrued expenses

18,616

7,056

263,770

540,722

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

30.9.24

£

£

Other loans - 1-2 years

23,000

23,000

Other loans - 2-5 years

40,000

46,000

63,000

69,000

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.25

30.9.24

£

£

Within one year

68,343

48,409

Between one and five years

91,124

39,867

159,467

88,276

11.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.25

30.9.24

£

£

Other loans

86,000

92,000

The loan is secured by a debenture granted over the assets of the company in favour of the lender.

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

30.9.24

value:

£

£

11,680

Ordinary

£0.01

117

113

173 Ordinary shares of £0.01 each were allotted as fully paid at par during the year.

180 Ordinary shares of £0.01 each were allotted as fully paid at a premium of £9.99 per share during the year.

22 Ordinary shares of £0.01 each were allotted as fully paid at a premium of £680.32 per share during the year.

13.

RESERVES

Capital

Retained

Share

redemption

earnings

premium

reserve

Totals

£

£

£

£

At 1st October 2024

(1,356,698

)

931,189

4

(425,505

)

Profit for the period

384,023

384,023

Cash share issue

-

16,706

-

16,706

At 31st December 2025

(972,675

)

947,895

4

(24,776

)

14.	CONTINGENT LIABILITIES

The company had no contingent liabilities at the balance sheet date.

15.	RELATED PARTY DISCLOSURES

Kinvault Ltd is an associated company of the entity, being under common control. During the period, the company transferred the Kinvault business and related assets to Kinvault Ltd. The assets transferred included intellectual property, software and technology assets, website and domain assets, customer contracts and other assets associated with the Kinvault digital vault business.

The following balances were outstanding at the reporting date in respect of transactions and arrangements with Kinvault Ltd:

Trade creditors: £32,394.74.

Trade debtors: £3,990.

Deferred consideration receivable arising from the asset sale:

£50,000 due in April 2026; and

£75,000 due in April 2027.

All balances with Kinvault Ltd are unsecured and repayable in accordance with the agreed terms. No provision for doubtful debts has been recognised in respect of the outstanding balances at the reporting date.

16.	POST BALANCE SHEET EVENTS

There have been no material events after the balance sheet date requiring disclosure or adjustment to the financial statements.

17.	ULTIMATE CONTROLLING PARTY

The company is controlled by its shareholders. There is no individual ultimate controlling party.

18.	GOING CONCERN

At the year end, the company had net liabilities. However, the directors have confirmed that, in their opinion, the company will be able to meet its liabilities as they fall due for the foreseeable future (being a period not less than twelve months) due to their continued financial support of the company.

Consequently, the company is considered to be a going concern.