REGISTERED NUMBER: 02342685 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

KIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M Sarkies

P Sarkies

J R Sarkies

J M Sarkies

A D Sarkies

SECRETARY:

M Sarkies

REGISTERED OFFICE:

271 Dunchurch Road

Rugby

Warwickshire

CV22 6HP

REGISTERED NUMBER:

02342685 (England and Wales)

ACCOUNTANTS:

Magma Audit LLP (part of the Dains Group)

First Floor, Lakeside House

4 Smith Way

Grove Park

Leicester

Leicestershire

LE19 1SX

FIXED ASSETS

Investment property

4

3,830,000

3,650,286

CURRENT ASSETS

Debtors

5

8,938

17,908

Cash at bank

701,521

586,219

710,459

604,127

CREDITORS

Amounts falling due within one year

6

(84,811

)

(83,859

)

NET CURRENT ASSETS

625,648

520,268

TOTAL ASSETS LESS CURRENT LIABILITIES

4,455,648

4,170,554

PROVISIONS FOR LIABILITIES

7

(42,698

)

(23,945

)

NET ASSETS

4,412,950

4,146,609

CAPITAL AND RESERVES

Called up share capital

2

2

Other reserves

814,417

653,456

Retained earnings

3,598,531

3,493,151

4,412,950

4,146,609

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 October 2026 and were signed on its behalf by:

M Sarkies - Director

1.	STATUTORY INFORMATION

Kies Limited is a private company limited by share capital, incorporated in England and Wales, registration number 02342685. The address of the registered office is 8 Consul Road, Rugby, Warwickshire, CV21 1PB.

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 as modified by the revaluation of certain assets.

The financial statements are presented in Sterling (£), rounded to the nearest £1.

Turnover

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

Revenue relates to rental income from investment properties and is recognised on a straight line basis over the period of the lease.

Investment property

Investment property comprises freehold buildings. They are measured initially at cost, including related transaction costs. These are held as investments to earn rental income and for capital appreciation and are stated at fair value at the Balance Sheet date.

The fair value of investment property reflects, among other things, rental income from current leases and assumptions about rental income from future leases in light of current market conditions.

Subsequent expenditure is added to the assets carrying amount only when it is probable that future economic benefits associated with the item will flow to the company and the cost of the item can be measured reliably. All other repairs and maintenance costs are charged to the profit and loss account during the financial period in which they are incurred.

Any movement in the fair value of the properties is reflected within the profit and loss account for the year and then transferred into other reserves. Any associated deferred tax liability is taken to the profit and loss account in the year and offset against revaluation gains held in other reserves.

Financial instruments

The company has chosen to adopt the Sections 11 and 12 of FRS 102 in respect of financial instruments.

(i) Financial assets

Basic financial assets, including trade and other debtors, 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 rate method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors 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 payments discounted at a market rate of interest.

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

Taxation

The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:

- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Share capital

Ordinary shares are classified as equity.

Retained earnings

Retained earning includes all current and prior year retained profits and losses, less any dividends paid.

Other reserves

Other reserves includes revaluation of investment properties less any deferred tax.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2025 - 5 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

3,650,286

Revaluations

179,714

At 31 March 2026

3,830,000

NET BOOK VALUE

At 31 March 2026

3,830,000

At 31 March 2025

3,650,286

Fair value at 31 March 2026 is represented by:

£

Valuation in 2004

932

Valuation in 2017

575,000

Valuation in 2022

102,271

Valuation in 2025

179,714

Cost

2,972,083

3,830,000

The commercial investment properties were valued on an open market basis by George and Company (Surveyors) Limited on 31 March 2026. The residential investment properties were valued on an open market basis by the directors of the company on 31 March 2026.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

-

9,591

Other debtors

8,938

8,317

8,938

17,908

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

205

-

Taxation and social security

42,531

44,091

Other creditors

42,075

39,768

84,811

83,859

7.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

42,698

23,945

Deferred

tax

£

Balance at 1 April 2025

23,945

Provided during year

18,753

Balance at 31 March 2026

42,698

8.	RELATED PARTY DISCLOSURES

During the year transactions include rent receivable of £170,000 (2025: £170,000) and overheads recharged of £8,338 (2025: £7,811) to a company in which one or more directors of Kies Limited are shareholders. At the year end, a balance of £nil (2025: £9,591) is due from this company.