REGISTERED NUMBER: 05714223 (England and Wales)

Kervan Sofrasi Limited

Group Strategic Report,

Report of the Directors and

Audited

Consolidated Financial Statements

for the Year Ended 31 March 2026

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

6

Consolidated Income Statement

10

Consolidated Other Comprehensive Income

11

Consolidated Statement of Financial Position

12

Company Statement of Financial Position

14

Consolidated Statement of Changes in Equity

16

Company Statement of Changes in Equity

17

Consolidated Statement of Cash Flows

18

Notes to the Consolidated Statement of Cash Flows

19

Notes to the Consolidated Financial Statements

21

DIRECTORS:

Mr E Aksu

Mr O Aksu

REGISTERED OFFICE:

239-241 Kennington Lane

London

SE11 5QU

REGISTERED NUMBER:

05714223 (England and Wales)

AUDITORS:

Alton & Co

Chartered Accountants

& Statutory Auditors

239-241 Kennington Lane

London

SE11 5QU

The directors present their strategic report of the company and the group for the year ended 31 March 2026.

Kervan Sofrasi Ltd is the parent company of a group that has been operating as a restaurant from various sites in London since 2009. The company has been growing steadily since formation and the directors expect this trend to continue for the foreseeable future.

REVIEW OF BUSINESS

Turnover for the current year increased significantly compared to that of last year. The gross profit margin was also slightly higher than that of last year; however, net profit for the year was lower than that of last year mainly due to steps being taken to improve customer experience and the expected impact on turnover and profitability in the future. The company had been growing steadily in the past decade and the directors are of the opinion that this trend in growth will continue for the foreseeable future. Measures have been put in place to enable the company to continue growing in the future and increase gross margins and the resultant effect on profit. The company's main strategy is to ensure customers are satisfied with the service they receive in addition to receiving a high standard of food.

PRINCIPAL RISKS AND UNCERTAINTIES

The main risks and uncertainty of the group is their ability to maintain their reputation and customers. They work very hard to prevent any damages to their reputation and a loss of their customers. Food quality and a great customer experience is key to maintaining their existing customer base and attracting new customers.

To manage these risks the company ensures that quality produce is sourced from reliable suppliers and that their staff are trained regularly to ensure each customer's experience is excellent.

KEY PERFORMANCE INDICATORS

The main performance indicators are the sales and the profit margins. All other costs apart from cost of sales are fairly fixed. The directors monitor these on a monthly basis to ensure that all cost are kept within expectation. Exceptions are picked up in time and addressed to ensure that overheads are within limits as their effect on the ability to remain in operational existence and profitability is very critical.

The Key Performance Indicators over the last two years are as follows:

2026

2025

£

£

Turnover

14,671

13,285

Gross Profit

8,190

7,355

Net Profit before tax

537

960

The directors believe that other variables of performance indicators are marginal and are not the best indicators of the overall performance, development and position of the company.

COMPANY POLICY ON PAYMENT OF CREDITORS

The policy of the company is to agree terms of payment prior to commencing trade with a supplier and to abide by those terms on a timely submission of invoices.

POLICY ON EMPLOYEES

The company is committed to achieving a working environment which provides equality of opportunity and freedom from unlawful discrimination on the basis of gender, sexual orientation, marital or civil partner status, gender reassignment, race, religion or belief, colour, nationality, ethnic or national origin, disability or age, pregnancy or maternity, trade union membership or the fact that they are part-time workers. The company's Equality and Diversity policy aims to remove unfair and discriminatory practices within the company and to encourage full contribution from its diverse community. The company is committed to actively opposing all forms of discrimination. The company also aims to provide a service that does not discriminate against its clients in the means by which they can access the services supplied by the company. The company believes that the directors, employees and customers are entitled to be treated with respect and dignity.The company's employment policy is to provide equal opportunity to all current and prospective employees without any discrimination. They endeavour to provide a work environment in which all individuals are treated with respect and dignity.

SOCIAL, ENVIRONMENT AND ETHICAL MATTERS

The company believes that by operating in an ethical and social aware manner they will help preserve the environment; that being an integral part of efficient and profitable business management. The directors recognise that success in these areas depends on the involvement and commitment of everyone in the organisation.

FUTURE DEVELOPMENT

The directors expect a growth in sales in the future as the company continues to maintain its brand reputation and increasing its customer base.

ON BEHALF OF THE BOARD:

Mr E Aksu - Director

9 September 2026

The directors present their report with the financial statements of the company and the group for the year ended 31 March 2026.

PRINCIPAL ACTIVITY

The principal activity of the group in the year under review was that of a restaurant.

DIVIDENDS

An interim dividend of £1,000 per share was paid on 7 April 2025. The directors recommend that no final dividend be paid.

The total distribution of dividends for the year ended 31 March 2026 will be £ 100,000 .

DIRECTORS

The directors shown below have held office during the whole of the period from 1 April 2025 to the date of this report.

Mr E Aksu

Mr O Aksu

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Group Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS

The auditors, Alton & Co, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

Mr E Aksu - Director

9 September 2026

Opinion

We have audited the financial statements of Kervan Sofrasi Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 March 2026 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Statement of Financial Position, Company Statement of Financial Position, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Statement of Cash Flows and Notes to the Consolidated Statement of Cash Flows, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the group's and of the parent company affairs as at 31 March 2026 and of the group's profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

-	the parent company financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We obtained an understanding of the legal and regulatory framework that are applicable to the company and determined that the most significant are the food standards regulation, money laundering and anti bribery regulations. We understand how the company is complying with those regulations by making enquiries of management and key personel; we also reviewed correspondence files. We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements using our general commercial and sector experience, through discussion with the directors and other management (as required by auditing standards) and from inspection of the company's regulatory and legal correspondence. We discussed with the directors and other management the policies and procedures regarding compliance with laws and regulations. We communicated those identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit.

Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the directors and other management and inspection of regulatory and legal correspondence, if any. Through these procedures, we did not become aware of actual or suspected non-compliance.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. In addition, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Altan Kemal FCA FCCA (Senior Statutory Auditor)

for and on behalf of Alton & Co

Chartered Accountants

& Statutory Auditors

239-241 Kennington Lane

London

SE11 5QU

9 September 2026

REVENUE

14,671,060

13,285,270

Cost of sales

6,480,110

5,929,332

GROSS PROFIT

8,190,950

7,355,938

Administrative expenses

7,607,176

6,323,688

583,774

1,032,250

Other operating income

102,264

85,951

OPERATING PROFIT

4

686,038

1,118,201

Interest receivable and similar income

6,764

11,136

692,802

1,129,337

Interest payable and similar expenses

5

154,910

168,795

PROFIT BEFORE TAXATION

537,892

960,542

Tax on profit

6

172,725

302,208

PROFIT FOR THE FINANCIAL YEAR

365,167

658,334

Profit attributable to:

Owners of the parent

365,167

658,334

PROFIT FOR THE YEAR

365,167

658,334

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

365,167

658,334

Total comprehensive income attributable to:

Owners of the parent

365,167

658,334

FIXED ASSETS

Intangible assets

9

-

94

Property, plant and equipment

10

7,030,266

6,633,658

Investments

11

-

-

Investment property

12

50,000

50,000

7,080,266

6,683,752

CURRENT ASSETS

Inventories

13

311,652

382,400

Debtors

14

2,201,307

1,721,388

Cash at bank and in hand

1,594,341

2,232,536

4,107,300

4,336,324

CREDITORS

Amounts falling due within one year

15

1,180,211

1,096,688

NET CURRENT ASSETS

2,927,089

3,239,636

TOTAL ASSETS LESS CURRENT LIABILITIES

10,007,355

9,923,388

CREDITORS

Amounts falling due after more than one year

16

(2,144,375

)

(2,376,210

)

PROVISIONS FOR LIABILITIES

20

(349,464

)

(298,829

)

NET ASSETS

7,513,516

7,248,349

CAPITAL AND RESERVES

Called up share capital

21

100

100

Retained earnings

22

7,513,416

7,248,249

SHAREHOLDERS' FUNDS

7,513,516

7,248,349

The financial statements were approved by the Board of Directors and authorised for issue on 9 September 2026 and were signed on its behalf by:

Mr E Aksu - Director

Mr O Aksu - Director

FIXED ASSETS

Intangible assets

9

-

95

Property, plant and equipment

10

6,279,294

5,926,430

Investments

11

1,197,000

1,197,000

Investment property

12

-

-

7,476,294

7,123,525

CURRENT ASSETS

Inventories

13

225,750

301,196

Debtors

14

800,442

581,569

Cash at bank and in hand

812,334

998,908

1,838,526

1,881,673

CREDITORS

Amounts falling due within one year

15

1,588,117

1,259,315

NET CURRENT ASSETS

250,409

622,358

TOTAL ASSETS LESS CURRENT LIABILITIES

7,726,703

7,745,883

CREDITORS

Amounts falling due after more than one year

16

(2,144,375

)

(2,376,210

)

PROVISIONS FOR LIABILITIES

20

(238,381

)

(178,148

)

NET ASSETS

5,343,947

5,191,525

CAPITAL AND RESERVES

Called up share capital

21

100

100

Retained earnings

22

5,343,847

5,191,425

SHAREHOLDERS' FUNDS

5,343,947

5,191,525

Company's profit for the financial year

252,422

399,349

The financial statements were approved by the Board of Directors and authorised for issue on 9 September 2026 and were signed on its behalf by:

Mr E Aksu - Director

Mr O Aksu - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 April 2024

100

6,789,915

6,790,015

Changes in equity

Dividends

-

(200,000

)

(200,000

)

Total comprehensive income

-

658,334

658,334

Balance at 31 March 2025

100

7,248,249

7,248,349

Changes in equity

Dividends

-

(100,000

)

(100,000

)

Total comprehensive income

-

365,167

365,167

Balance at 31 March 2026

100

7,513,416

7,513,516

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 April 2024

100

4,992,076

4,992,176

Changes in equity

Dividends

-

(200,000

)

(200,000

)

Total comprehensive income

-

399,349

399,349

Balance at 31 March 2025

100

5,191,425

5,191,525

Changes in equity

Dividends

-

(100,000

)

(100,000

)

Total comprehensive income

-

252,422

252,422

Balance at 31 March 2026

100

5,343,847

5,343,947

Cash flows from operating activities

Cash generated from operations

1

1,103,777

1,573,918

Interest paid

(154,910

)

(168,795

)

Tax paid

(217,259

)

(394,928

)

Net cash from operating activities

731,608

1,010,195

Cash flows from investing activities

Purchase of tangible fixed assets

(1,014,246

)

(385,651

)

Interest received

6,764

11,136

Net cash from investing activities

(1,007,482

)

(374,515

)

Cash flows from financing activities

Loan repayments in year

(266,022

)

(313,305

)

Amount withdrawn by directors

3,701

380

Equity dividends paid

(100,000

)

(200,000

)

Net cash from financing activities

(362,321

)

(512,925

)

(Decrease)/increase in cash and cash equivalents

(638,195

)

122,755

Cash and cash equivalents at beginning of year

2

2,232,536

2,109,781

Cash and cash equivalents at end of year

2

1,594,341

2,232,536

1.	RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2026

2025

£

£

Profit before taxation

537,892

960,542

Depreciation charges

617,733

536,507

Finance costs

154,910

168,795

Finance income

(6,764

)

(11,136

)

1,303,771

1,654,708

Decrease/(increase) in inventories

70,748

(84,833

)

Increase in trade and other debtors

(479,919

)

(60,933

)

Increase in trade and other creditors

209,177

64,976

Cash generated from operations

1,103,777

1,573,918

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Statement of Cash Flows in respect of cash and cash equivalents are in respect of these Statement of Financial Position amounts:

Year ended 31 March 2026

31/3/26

1/4/25

£

£

Cash and cash equivalents

1,594,341

2,232,536

Year ended 31 March 2025

31/3/25

1/4/24

£

£

Cash and cash equivalents

2,232,536

2,109,781

3.	ANALYSIS OF CHANGES IN NET DEBT

At 1/4/25

Cash flow

At 31/3/26

£

£

£

Net cash

Cash at bank and in hand

2,232,536

(638,195

)

1,594,341

2,232,536

(638,195

)

1,594,341

Debt

Debts falling due within 1 year

(259,896

)

34,187

(225,709

)

Debts falling due after 1 year

(2,376,210

)

231,835

(2,144,375

)

(2,636,106

)

266,022

(2,370,084

)

Total

(403,570

)

(372,173

)

(775,743

)

1.	STATUTORY INFORMATION

Kervan Sofrasi 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 General 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption

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.

Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

Turnover

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

Turnover is generated from the ordinary activities of the business and is recognised when customers take delivery of the goods.

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.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

2% on cost

Short leasehold

-

straight line over the life of the lease

Improvements to property

-

10% on reducing balance

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.