REGISTERED NUMBER: 05593821 (England and Wales)

Goldex Investments Limited

Group Strategic Report, Report of the Director and

Consolidated Financial Statements for the Year Ended 31 October 2025

Page

Company Information

1

Group Strategic Report

2

Report of the Director

4

Report of the Independent Auditors

6

Consolidated Statement of Comprehensive Income

9

Consolidated Statement of Financial Position

10

Company Statement of Financial Position

11

Consolidated Statement of Changes in Equity

12

Company Statement of Changes in Equity

13

Consolidated Statement of Cash Flows

14

Notes to the Consolidated Statement of Cash Flows

15

Notes to the Consolidated Financial Statements

16

DIRECTOR:

D S Brar

REGISTERED OFFICE:

Warwick House

Park Corner Road

Southfleet

Gravesend

Kent

DA13 9LN

REGISTERED NUMBER:

05593821 (England and Wales)

SENIOR STATUTORY AUDITOR:

Christopher Hession C.A.

AUDITORS:

BK Plus Audit Limited

Azzurri House

Walsall Business Park

Walsall

West Midlands

WS9 0RB

The directors present their Strategic Report for the year ended 31 October 2025.

OBJECTIVES

The Group's main objectives are to increase revenues by way of increased market penetration by attracting customers from competitors, together with the establishment of new Costa Coffee shops throughout the South East of England.

REVIEW OF BUSINESS

In the past year Goldex Investments Ltd and its subsidiary companies have maintained their share of the market with their existing stores. The turnover of Goldex Investments Ltd is derived from running Kent based stores, managing the trading activities of its subsidiary companies and other trading activities.Group turnover for the year amounted to of £13,104,210 from £12,972,324 the previous year and a gross profit of £4,624,991 from £3,920,740 in the previous year.

This increase in performance is due to a variety of factors: Firstly, the group retained a loyal customer base at its sites and was able to carry out an audit of high and low selling products and align its offerings to products displaying consistently strong demand among the customer base through promotional marketing activity and the introduction of popular morning and afternoon deals which contributed towards positive sales activity. In addition, the group was able to significantly build new revenue sources in terms of being the preferred contact for Costa franchisees to introduce the digitisation of menu boards within their establishments.

The group was also able to significantly reduce its wages by focusing on optimising staffing levels to match peak performance through careful monitoring and timely action. Furthermore, the company was also able to significantly reduce its total expenditures due to timing the energy market and locking into better rates prior to the geopolitical shocks caused later in the year.

The group is well placed in the market for 2026 with strong demand in the restaurant and health and fitness

sectors. There are no plans to open any new stores in the next financial year.

PRINCIPAL RISKS AND UNCERTAINTIES

A key risk to the group is its dependence upon the Costa Coffee franchise and competitor pricing positions. The focus for Goldex Investments Ltd is to continue to deliver quality products with a range of price points to ensure value for all customers.

From a climate related perspective, the group understands that there can be a variety of risks and opportunities. Key climate related risks which can affect the company can be extreme weather events such as floods, storms and heatwaves which can impact company operations through closures or additional costs and thereby resulting in financial losses. Furthermore, policy and regulatory changes by the government can also affect company operations whereby there can be increased carbon and green levy taxes.

There are significant opportunities arising from a climate related perspective, these can include the investment in energy efficiency equipment and infrastructure which can result in lower operating costs and a reduction in carbon footprint. The risks associated with policy and regulatory changes can be offset by incentives offered to shift towards low emission green energy sources which would not be as susceptible to geopolitical shocks thereby resulting in a stability in energy costs.

The directors have plans and procedures in place to mitigate any risks and uncertainties affecting the group operations and that of its customers and suppliers.

KEY PERFORMANCE INDICATORS

The directors consider that, in view of the nature of the group's business and its management structure, analysis of KPIs are not necessary to enable evaluation of its performance.

GOING CONCERN

The financial statements are prepared on the going concern basis.

ON BEHALF OF THE BOARD:

D S Brar - Director

19 October 2026

The director presents his group report with the financial statements of the company and the group for the year ended

31 October 2025.

PRINCIPAL ACTIVITY

The principal activity of the group in the year under review was that of managing coffee shops and refitting restaurants.

DIVIDENDS

The total distribution of dividends for the year ended 31 October 2025 was £175,000.

FUTURE DEVELOPMENTS

The director of the group proposes to continue their expansion of acquiring shops under the Costa Franchise chain throughout the South East of England.

DIRECTOR

D S Brar held office during the whole of the period from 1 November 2024 to the date of this report.

POLITICAL AND CHARITABLE DONATIONS

The group did not make any political donations during the year.

EMPLOYEES

It is the policy of the Group to encourage and develop all members of staff to realise their maximum potential. The Group supports the principle of equal opportunities in employment and opposes all forms of unlawful or unfair discrimination on the grounds of race, age, nationality, religion, ethnic or national origin, marital status or disability. It is also the policy of the Group, where possible, to give sympathetic consideration to disabled persons in their application for employment within the Group and to protect the interests of existing members of the staff who are disabled.

DIRECTOR'S RESPONSIBILITIES STATEMENT

The director is responsible for preparing the Group Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has 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 director must not approve the financial statements unless he is 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 director is 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 director is 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 him to ensure that the financial statements comply with the Companies Act 2006. He is 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 director is 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 he 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, BK Plus Audit Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

D S Brar - Director

19 October 2026

Opinion

We have audited the financial statements of Goldex Investments Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 October 2025 which comprise the Consolidated Statement of 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 October 2025 and of the group's loss 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 director's 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 director with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the Group annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the Group annual report. 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. 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 course of 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 Director 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 Director 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 Director.

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 director's remuneration specified by law are not made; or

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

Responsibilities of director

As explained more fully in the Director's Responsibilities Statement set out on page four, the director is 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 director determines 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 director is 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 director either intends to liquidate the group or the parent company or to cease operations, or has 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.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

From the preliminary stages of the audit, we ensure our understanding of the entity is up to date. This includes, but is not limited to, current knowledge of their activities, the business and control environments, and their compliance with the applicable legal and regulatory frameworks. This information supports our risk identification and the subsequent design of audit procedures to mitigate those risks; ensuring that the audit evidence obtained is sufficient and appropriate to support our opinion.

In response to the risks identified, specific to this entity, we designed procedures which includes, but were not limited to:

- Enquiry of management and those charged with governance around actual and potential litigation and claims;

- Reviewing minutes of meetings of those charged with governance, if available;

- Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;

- Auditing the risk of management override of controls, including through testing journal entries and other adjustments for appropriateness, and evaluating the business rationale for significant transactions outside the normal course of business.

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 an auditor's report 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.

Christopher Hession C.A. (Senior Statutory Auditor)

for and on behalf of BK Plus Audit Limited

Azzurri House

Walsall Business Park

Walsall

West Midlands

WS9 0RB

19 October 2026

TURNOVER

3

13,104,210

12,972,324

Cost of sales

8,725,013

9,051,584

GROSS PROFIT

4,379,197

3,920,740

Administrative expenses

4,727,952

4,450,933

(348,755

)

(530,193

)

Other operating income

481,443

282,560

132,688

(247,633

)

Interest receivable and similar income

63,731

68,141

196,419

(179,492

)

Interest payable and similar expenses

5

91,122

22,396

PROFIT/(LOSS) BEFORE TAXATION

6

105,297

(201,888

)

Tax on profit/(loss)

8

121,538

72,972

LOSS FOR THE FINANCIAL YEAR

(16,241

)

(274,860

)

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE LOSS FOR THE YEAR

(16,241

)

(274,860

)

Loss attributable to:

Owners of the parent

(16,241

)

(274,860

)

Total comprehensive loss attributable to:

Owners of the parent

(16,241

)

(274,860

)

FIXED ASSETS

Intangible assets

11

736,392

-

Tangible assets

12

2,370,746

2,983,310

Investments

13

Interest in associate

51

113

Other investments

-

3

Investment property

14

1,650,196

-

4,757,385

2,983,426

CURRENT ASSETS

Inventories

15

85,177

95,895

Debtors

16

19,536,522

19,143,868

Cash at bank and in hand

1,062,982

1,270,851

20,684,681

20,510,614

CREDITORS

Amounts falling due within one year

17

9,551,993

8,799,441

NET CURRENT ASSETS

11,132,688

11,711,173

TOTAL ASSETS LESS CURRENT LIABILITIES

15,890,073

14,694,599

CREDITORS

Amounts falling due after more than one year

18

(1,760,773

)

(245,747

)

PROVISIONS FOR LIABILITIES

22

(167,959

)

(194,789

)

NET ASSETS

13,961,341

14,254,063

CAPITAL AND RESERVES

Called up share capital

23

380

380

Capital redemption reserve

140

140

Retained earnings

14,062,302

14,253,543

SHAREHOLDERS' FUNDS

29

14,062,822

14,254,063

NON-CONTROLLING INTERESTS

24

(101,481

)

-

TOTAL EQUITY

13,961,341

14,254,063

The financial statements were approved by the director and authorised for issue on 19 October 2026 and were signed by:

D S Brar - Director

FIXED ASSETS

Intangible assets

11

-

-

Tangible assets

12

2,036,983

2,438,494

Investments

13

1,774,787

1,774,737

Investment property

14

-

-

3,811,770

4,213,231

CURRENT ASSETS

Inventories

15

60,725

61,971

Debtors

16

20,642,725

18,998,366

Cash at bank and in hand

810,051

1,054,073

21,513,501

20,114,410

CREDITORS

Amounts falling due within one year

17

9,132,760

8,610,110

NET CURRENT ASSETS

12,380,741

11,504,300

TOTAL ASSETS LESS CURRENT LIABILITIES

16,192,511

15,717,531

CREDITORS

Amounts falling due after more than one year

18

(773,665

)

(140,849

)

PROVISIONS FOR LIABILITIES

22

(111,440

)

(134,438

)

NET ASSETS

15,307,406

15,442,244

CAPITAL AND RESERVES

Called up share capital

23

380

380

Capital redemption reserve

140

140

Retained earnings

15,306,886

15,441,724

SHAREHOLDERS' FUNDS

29

15,307,406

15,442,244

Company's profit/(loss) for the financial year

40,162

(60,191

)

The financial statements were approved by the director and authorised for issue on 19 October 2026 and were signed by:

D S Brar - Director

Called up

Capital

share

Retained

redemption

capital

earnings

reserve

£

£

£

Balance at 1 November 2023

400

14,703,403

120

Changes in equity

Deficit for the year

-

(274,860

)

-

Total comprehensive loss

-

(274,860

)

-

Reduction in share capital

(20

)

-

20

Dividends

-

(175,000

)

-

Balance at 31 October 2024

380

14,253,543

140

Changes in equity

Deficit for the year

-

(16,241

)

-

Total comprehensive loss

-

(16,241

)

-

Dividends

-

(175,000

)

-

380

14,062,302

140

Non-controlling interest arising on business combination

-

-

-

Balance at 31 October 2025

380

14,062,302

140

Non-controlling

Total

Total

interests

equity

£

£

£

Balance at 1 November 2023

14,703,923

-

14,703,923

Changes in equity

Deficit for the year

(274,860

)

-

(274,860

)

Total comprehensive loss

(274,860

)

-

(274,860

)

Dividends

(175,000

)

-

(175,000

)

Balance at 31 October 2024

14,254,063

-

14,254,063

Changes in equity

Deficit for the year

(16,241

)

-

(16,241

)

Total comprehensive loss

(16,241

)

-

(16,241

)

Dividends

(175,000

)

-

(175,000

)

14,062,822

-

14,062,822

Non-controlling interest arising on business combination

-

(101,481

)

(101,481

)

Balance at 31 October 2025

14,062,822

(101,481

)

13,961,341

Called up

Capital

share

Retained

redemption

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 November 2023

400

15,676,915

120

15,677,435

Changes in equity

Deficit for the year

-

(60,191

)

-

(60,191

)

Total comprehensive loss

-

(60,191

)

-

(60,191

)

Reduction in share capital

(20

)

-

20

-

Dividends

-

(175,000

)

-

(175,000

)

Balance at 31 October 2024

380

15,441,724

140

15,442,244

Changes in equity

Profit for the year

-

40,162

-

40,162

Total comprehensive income

-

40,162

-

40,162

Dividends

-

(175,000

)

-

(175,000

)

Balance at 31 October 2025

380

15,306,886

140

15,307,406

Cash flows from operating activities

Cash generated from operations

1

501,982

558,603

Interest paid

(91,122

)

(22,396

)

Tax paid

(7,053

)

10,024

Net cash from operating activities

403,807

546,231

Cash flows from investing activities

Purchase of intangible fixed assets

(736,392

)

-

Purchase of tangible fixed assets

(193,863

)

(1,277,784

)

Purchase of fixed asset investments

62

(42

)

Purchase of investment property

(1,650,196

)

-

Sale of tangible fixed assets

-

153,000

Loans to associates

404,942

(29,802

)

Interest received

63,731

68,141

Net cash from investing activities

(2,111,716

)

(1,086,487

)

Cash flows from financing activities

New loans in year

1,000,000

-

Loan repayments in year

(287,780

)

(220,248

)

Hire purchase finance in year

3,289

62,282

Amount introduced by directors

955,712

24,073

Amount withdrawn by directors

3,819

-

Equity dividends paid

(175,000

)

(175,000

)

Net cash from financing activities

1,500,040

(308,893

)

Decrease in cash and cash equivalents

(207,869

)

(849,149

)

Cash and cash equivalents at beginning of year

2

1,270,851

2,120,000

Cash and cash equivalents at end of year

2

1,062,982

1,270,851

1.	RECONCILIATION OF PROFIT/(LOSS) BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2025

2024

£

£

Profit/(loss) before taxation

105,297

(201,888

)

Depreciation charges

806,426

765,893

Profit on disposal of fixed assets

-

(23,336

)

Profit/(Loss) Non controlling interest

(101,481

)

-

Finance costs

91,122

22,396

Finance income

(63,731

)

(68,141

)

837,633

494,924

Decrease in inventories

10,718

11,405

Increase in trade and other debtors

(930,870

)

(898,360

)

Increase in trade and other creditors

584,501

950,634

Cash generated from operations

501,982

558,603

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 October 2025

31.10.25

1.11.24

£

£

Cash and cash equivalents

1,062,982

1,270,851

Year ended 31 October 2024

31.10.24

1.11.23

£

£

Cash and cash equivalents

1,270,851

2,120,000

3.	ANALYSIS OF CHANGES IN NET FUNDS/(DEBT)

At 1.11.24

Cash flow

At 31.10.25

£

£

£

Net cash

Cash at bank and in hand

1,270,851

(207,869

)

1,062,982

1,270,851

(207,869

)

1,062,982

Debt

Finance leases

(62,282

)

(3,289

)

(65,571

)

Debts falling due within 1 year

(312,897

)

21,790

(291,107

)

Debts falling due after 1 year

(194,773

)

(734,011

)

(928,784

)

(569,952

)

(715,510

)

(1,285,462

)

Total

700,899

(923,379

)

(222,480

)