REGISTERED NUMBER: 08742589 (England and Wales)

Goldex Investments (Kent) Limited

Strategic Report, Report of the Director and

Financial Statements for the Year Ended 31 October 2025

Page

Company Information

1

Strategic Report

2

Report of the Director

4

Report of the Independent Auditors

5

Statement of Comprehensive Income

8

Statement of Financial Position

9

Statement of Changes in Equity

10

Statement of Cash Flows

11

Notes to the Statement of Cash Flows

12

Notes to the Financial Statements

13

DIRECTOR:

D S Brar

REGISTERED OFFICE:

Warwick House

Park Corner Road

Betsham

Southfleet

Kent

DA13 9LN

REGISTERED NUMBER:

08742589 (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 director presents his strategic report for the accounting period ended 31 October 2025.

The company's main objectives remain to increase revenues by way of increased market penetration by attracting customers from competitors, together with the occasional establishment of new Costa Coffee shops throughout the county of Kent.

REVIEW OF BUSINESS

In the past year Goldex Investments Kent Ltd has maintained its share of the market with their existing stores. The turnover of Goldex Investments Kent Ltd is derived from running Kent based stores.

Goldex Investments Kent Ltd has achieved a turnover for the year of £6,618,957, decreased from £6,847,474 in the previous year. The gross profit of the company for the year decreased to £2,152,144 from £2,499,329 in the previous year. Furthermore, for the year the company displayed an operating profit of £404,603 compared to £722,866 in the previous year.

This decrease in performance is due to a variety of factors: Firstly, with effect from April 2025 there was an increase in employer national insurance contributions coupled with a national minimum wage increase, both these actions had a substantial impact on increasing the staffing costs of the business.

Furthermore, the escalation of hostilities in the Middle East had a material impact on impacting global supply chains and brought forward renewed volatility in the energy market. This upward pressure resulted in key suppliers increasing their costs in order to remain viable, costs which had to be absorbed by our business and had to then be passed on to the customers, resulting in lower sales figures compared to the previous year.

Another key factor for the decrease in performance is due to the phased reduction in the business rates relief offered countrywide: relief was offered at 75% for the previous financial year, whereas for the current year relief was only offered at 40%.

Despite the challenging conditions in the current financial year, the company is well placed in the market for 2026 with strong demand in the restaurant sector. There are no plans to open any new stores in the next financial year.

PRINCIPAL RISKS AND UNCERTAINTIES

A key risk to the company is its dependence upon the Costa Coffee franchise and competitor pricing positions. The focus for Goldex Investments Kent 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 company 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 company operations and that of its customers and suppliers.

KEY PERFORMANCE INDICATORS

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

ON BEHALF OF THE BOARD:

D S Brar - Director

21 October 2026

The director presents his report with the financial statements of the company for the year ended 31 October 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of managing coffee shops.

DIVIDENDS

No dividends will be distributed for the year ended 31 October 2025.

DIRECTOR

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

DIRECTOR'S RESPONSIBILITIES STATEMENT

The director is responsible for preparing the 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 of the profit or loss of the company 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 transactions and disclose with reasonable accuracy at any time the financial position of the company 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 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 company'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 company'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

21 October 2026

Opinion

We have audited the financial statements of Goldex Investments (Kent) Limited (the 'company') for the year ended 31 October 2025 which comprise the Statement of Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity, Statement of Cash Flows and Notes to the 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 company's affairs as at 31 October 2025 and of its 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 company 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 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 annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the 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 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 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 company and its environment obtained in the course of the audit, we have not identified material misstatements in the 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, or returns adequate for our audit have not been received from branches not visited by us; or

-	the 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 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 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.

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

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 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.

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

21 October 2026

TURNOVER

6,618,957

6,847,474

Cost of sales

4,466,813

4,348,145

GROSS PROFIT

2,152,144

2,499,329

Administrative expenses

1,612,071

1,512,675

540,073

986,654

Other operating income

27,165

7,813

567,238

994,467

Interest receivable and similar income

-

80

567,238

994,547

Interest payable and similar expenses

4

15,462

-

PROFIT BEFORE TAXATION

5

551,776

994,547

Tax on profit

7

147,173

271,681

PROFIT FOR THE FINANCIAL YEAR

404,603

722,866

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

404,603

722,866

FIXED ASSETS

Intangible assets

8

-

-

Tangible assets

9

582,862

688,884

582,862

688,884

CURRENT ASSETS

Inventories

10

53,286

61,921

Debtors

11

7,005,299

6,566,788

Cash at bank and in hand

127,134

182,454

7,185,719

6,811,163

CREDITORS

Amounts falling due within one year

12

776,605

898,222

NET CURRENT ASSETS

6,409,114

5,912,941

TOTAL ASSETS LESS CURRENT LIABILITIES

6,991,976

6,601,825

PROVISIONS FOR LIABILITIES

14

87,144

101,596

NET ASSETS

6,904,832

6,500,229

CAPITAL AND RESERVES

Called up share capital

15

100

100

Retained earnings

6,904,732

6,500,129

SHAREHOLDERS' FUNDS

6,904,832

6,500,229

The financial statements were approved by the director and authorised for issue on 21 October 2026 and were signed by:

D S Brar - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 November 2023

100

5,777,263

5,777,363

Changes in equity

Profit for the year

-

722,866

722,866

Total comprehensive income

-

722,866

722,866

Balance at 31 October 2024

100

6,500,129

6,500,229

Changes in equity

Profit for the year

-

404,603

404,603

Total comprehensive income

-

404,603

404,603

Balance at 31 October 2025

100

6,904,732

6,904,832

Cash flows from operating activities

Cash generated from operations

1

243,380

74,021

Interest paid

(15,462

)

-

Tax paid

(261,782

)

(102,811

)

Net cash from operating activities

(33,864

)

(28,790

)

Cash flows from investing activities

Purchase of tangible fixed assets

(21,456

)

(33,955

)

Interest received

-

80

Net cash from investing activities

(21,456

)

(33,875

)

Decrease in cash and cash equivalents

(55,320

)

(62,665

)

Cash and cash equivalents at beginning of year

2

182,454

245,119

Cash and cash equivalents at end of year

2

127,134

182,454

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

2025

2024

£

£

Profit before taxation

551,776

994,547

Depreciation charges

127,478

143,765

Finance costs

15,462

-

Finance income

-

(80

)

694,716

1,138,232

Decrease in inventories

8,635

350

Increase in trade and other debtors

(438,511

)

(998,410

)

Decrease in trade and other creditors

(21,460

)

(66,151

)

Cash generated from operations

243,380

74,021

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

127,134

182,454

Year ended 31 October 2024

31.10.24

1.11.23

£

£

Cash and cash equivalents

182,454

245,119

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.11.24

Cash flow

At 31.10.25

£

£

£

Net cash

Cash at bank and in hand

182,454

(55,320

)

127,134

182,454

(55,320

)

127,134

Total

182,454

(55,320

)

127,134

1.	STATUTORY INFORMATION

Goldex Investments (Kent) 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 Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

Monetary amounts in these financial statements are rounded to the nearest £.

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.

The Directors have prepared financial projections, taking into consideration the current economic conditions

and have, at the time of approving these accounts, a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the accounts.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements,

estimates and assumptions about the carrying amount of assets and liabilities which are not readily apparent

from other sources. The estimates and associated assumptions are based on historical experience and other

factors that are not considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions area reviews on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

Income recognition

Income represents net invoiced sales of goods and services, excluding value added tax. Income is recognised when the company becomes entitled to receive it.

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 the cost less estimated residual value of each asset over its estimated useful life.

Short leasehold

-

Over the term of the lease

Fixtures and fittings

-

15% on reducing balance

Inventories

Inventories are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first out) basis. Provision is made for obsolete or defective inventories where appropriate.

Financial instruments

The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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.

Taxation

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 year 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.

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.

3.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

1,974,525

1,906,405

Social security costs

143,686

105,178

Other pension costs

17,865

21,542

2,136,076

2,033,125

The average number of employees during the year was as follows:

2025

2024

Staff

128

123

2025

2024

£

£

Director's remuneration

-

-

4.

INTEREST PAYABLE AND SIMILAR EXPENSES

2025

2024

£

£

Other interest

15,462

-

5.	PROFIT BEFORE TAXATION

The profit is stated after charging:

2025

2024

£

£

Other operating leases

464,925

463,116

Depreciation - owned assets

127,478

143,765

6.	AUDITORS' REMUNERATION

2025

2024

£

£

Fees payable to the company's auditors for the audit of the company's financial statements

5,500

5,500

7.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

2025

2024

£

£

Current tax:

UK corporation tax

161,625

276,104

Deferred tax

(14,452

)

(4,423

)

Tax on profit

147,173

271,681

Reconciliation of total tax charge included in profit and loss

The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2025

2024

£

£

Profit before tax

551,776

994,547

Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%)

137,944

248,637

Effects of:

Expenses not deductible for tax purposes

(9

)

15

Depreciation in excess of capital allowances

23,690

27,452

Increase/(release)of deferred tax provision

(14,452

)

(4,423

)

Total tax charge

147,173

271,681

8.	INTANGIBLE FIXED ASSETS

Patents

and

licences

£

COST

At 1 November 2024

and 31 October 2025

95,000

AMORTISATION

At 1 November 2024

and 31 October 2025

95,000

NET BOOK VALUE

At 31 October 2025

-

At 31 October 2024

-

9.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

leasehold

fittings

Totals

£

£

£

COST

At 1 November 2024

797,888

1,972,350

2,770,238

Additions

16,586

4,870

21,456

At 31 October 2025

814,474

1,977,220

2,791,694

DEPRECIATION

At 1 November 2024

644,416

1,436,938

2,081,354

Charge for year

46,558

80,920

127,478

At 31 October 2025

690,974

1,517,858

2,208,832

NET BOOK VALUE

At 31 October 2025

123,500

459,362

582,862

At 31 October 2024

153,472

535,412

688,884

10.	INVENTORIES

2025

2024

£

£

Inventories

53,286

61,921

11.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

6,947,306

6,510,190

Prepayments and accrued income

57,993

56,598

7,005,299

6,566,788

12.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

313,581

344,757

Corporation tax

175,947

276,104

Social security and other taxes

27,420

22,303

VAT

182,998

184,237

Other creditors

49,742

49,591

Accruals

26,917

21,230

776,605

898,222

13.	LEASING AGREEMENTS

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

2025

2024

£

£

Within one year

470,890

420,929

Between one and five years

1,481,060

1,448,937

In more than five years

824,931

821,688

2,776,881

2,691,554

14.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

87,144

101,596

Deferred

tax

£

Balance at 1 November 2024

101,596

Credit to Statement of Comprehensive Income during year

(14,452

)

Balance at 31 October 2025

87,144

15.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

16.	CONTINGENT LIABILITIES

Goldex Investments (Kent) Ltd is part of a group VAT registration. In accordance with HMRC regulations all members of a VAT group are jointly and severally liable for the liability of all members of the group.

At the balance sheet date, the group accounts included a total group VAT creditor amounting to £530,276. Of this amount £182,998 is included within creditors in the balance sheet of Goldex Investments (Kent) Ltd.

17.	FINANCIAL COMMITMENTS

HSBC Bank PLC holds a composite guarantee and debenture over all the company's property and undertaking, totalling £7,500,047.

Charges by way of legal mortgage, all freehold (including commonhold) and leasehold land now vested in the company together with all buildings fixtures, fittings and fixed plant and machinery.

The Company agrees to pay and discharge the Debt when the same is due to be paid and discharged and the debenture comprises a floating charge of 3%.

There were no defaults or breaches of covenants during the year. The carrying value of assets subject to the debenture was £7,500,047.