REGISTERED NUMBER: 12282211 (England and Wales)

Unaudited Financial Statements

for the Period 1 November 2024 to 31 December 2025

for

KP Brokers Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

J Kearsey

O D Prior

REGISTERED OFFICE:

13 Austin Friars

London

EC2N 2HE

REGISTERED NUMBER:

12282211 (England and Wales)

ACCOUNTANTS:

Freshwater Associates Limited

1 Gemini Court

42a Throwley Way

Sutton

Surrey

SM1 4AF

FIXED ASSETS

Property, plant and equipment

4

139,764

114,475

Investments

5

631,998

631,998

771,762

746,473

CURRENT ASSETS

Debtors

6

3,113,306

2,938,047

Prepayments and accrued income

-

21,384

Cash at bank

1,273,244

1,872,850

4,386,550

4,832,281

CREDITORS

Amounts falling due within one year

7

1,799,143

2,590,178

NET CURRENT ASSETS

2,587,407

2,242,103

TOTAL ASSETS LESS CURRENT LIABILITIES

3,359,169

2,988,576

CREDITORS

Amounts falling due after more than one year

8

(24,146

)

(61,623

)

PROVISIONS FOR LIABILITIES

9

(12,750

)

(9,977

)

NET ASSETS

3,322,273

2,916,976

CAPITAL AND RESERVES

Called up share capital

10

3,054

8,500

Share premium

249,945

-

Capital redemption reserve

1

-

Retained earnings

3,069,273

2,908,476

SHAREHOLDERS' FUNDS

3,322,273

2,916,976

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 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 10 September 2026 and were signed on its behalf by:

J Kearsey - Director

1.	STATUTORY INFORMATION

KP Brokers 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.

Turnover

Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.

Property,plant and equipment

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

Short leasehold

-

10% on cost

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual

provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment.

Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all 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 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.

Foreign currencies

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the

transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Cash flow

The accounts do not include a cash flow statement because the company has taken advantage of the exemption in Financial Reporting Standard Number 1, from the requirement to provide such a statement on the grounds that it is a small company.

Change in reporting period and impact on comparability

During the period, the company extended its accounting reference date to 31 December. The current figures

therefore represent the period from 1 November 2024 to 31 December 2025.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 23 (2024 - 17 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Short

and

Motor

Computer

leasehold

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 November 2024

-

61,092

110,900

40,934

212,926

Additions

26,520

-

37,040

3,012

66,572

At 31 December 2025

26,520

61,092

147,940

43,946

279,498

DEPRECIATION

At 1 November 2024

-

29,522

48,519

20,410

98,451

Charge for period

2,652

7,892

24,855

5,884

41,283

At 31 December 2025

2,652

37,414

73,374

26,294

139,734

NET BOOK VALUE

At 31 December 2025

23,868

23,678

74,566

17,652

139,764

At 31 October 2024

-

31,570

62,381

20,524

114,475

5.	FIXED ASSET INVESTMENTS

2025

2024

£

£

Shares in group undertakings

555,095

555,095

Other investments not loans

76,903

76,903

631,998

631,998

Additional information is as follows:

Shares in

group

undertakings

£

COST

At 1 November 2024

and 31 December 2025

555,095

NET BOOK VALUE

At 31 December 2025

555,095

At 31 October 2024

555,095

Investments (neither listed nor unlisted) were as follows:

2025

2024

£

£

Cost b/fwd

76,903

76,903

6.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

1,104,211

968,911

Other debtors

1,399,095

1,409,136

2,503,306

2,378,047

Amounts falling due after more than one year:

Other debtors

610,000

560,000

Aggregate amounts

3,113,306

2,938,047

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

64,632

12,021

Trade creditors

1,254

7,385

Taxation and social security

74,778

271,402

Other creditors

1,658,479

2,299,370

1,799,143

2,590,178

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

24,146

61,623

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

12,750

9,977

Deferred

tax

£

Balance at 1 November 2024

9,977

Charge to Income Statement during period

2,773

Balance at 31 December 2025

12,750

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1,000

A Ordinary

£1.00

1,000

1,000

1,000

B Ordinary

£1.00

1,000

1,000

1,000

C Ordinary

£1.00

1,000

1,000

5,390

D Ordinary

£0.01

54

5,500

3,054

8,500

11.	OPERATING LEASE COMMITMENTS

Operating lease payments represent rental payable by the company. At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases. The amount of £99,688 is falling due within one year and the amount of £74,766 is falling due within between two and five years.

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31 December 2025 and the year ended 31 October 2024:

2025

2024

£

£

J Kearsey

Balance outstanding at start of period

83,884

50,000

Amounts advanced

266,555

83,884

Amounts repaid

(350,741

)

(50,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

(302

)

83,884

O D Prior

Balance outstanding at start of period

24

-

Amounts advanced

-

24

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

24

24

13.	RELATED PARTY DISCLOSURES

Included in other creditors, is an amount of £74,171 (2024 debtor: £38,755) which was owed to KP Brokers US LLC formed in the USA. KP Brokers Ltd was the sole member of KP Brokers US LLC since August 2021. KP Brokers US LLC has elected to be taxed as a C-Corporation.

Included in other debtors, is an amount of £194,108 (2024: £202,600) which was owed by First Report Claims Services LLC formed in the USA. KP Brokers US LLC is the sole member of First Report Claims Services LLC since its formation.

Included in other creditors is an amount of £9,127 (2024: £9,127) which was owed to Docubox Limited, a company registered in England and Wales. KP Brokers Ltd is the sole member of Docubox Limited since January 2023..

14.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party of this company is the directors.

15.	SHARE-BASED PAYMENT TRANSACTIONS

The company provides share-based payment arrangements to certain employees. Equity-settled arrangements are measured at fair value (excluding the effect of non-market based vesting conditions) at the date of the grant. The fair value is expensed on a straightline basis over the vesting period. The amount recognised as an expense is adjusted to reflect the actual number of shares or options that will vest.

Where equity-settled arrangements are modified, and are of benefit to the employee, the incremental fair value is recognised over the period from the date of modification to date of vesting. Where a modification is not beneficial to the employee there is no change to the charge for share-based payment. Settlements and cancellations are treated as an acceleration of vesting and the unvested amount is recognised immediately in the income statement.