REGISTERED NUMBER: 10712151 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

INTSOL CONSTRUCTION LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Mr P D A Karras

Mr A S Kounnis

REGISTERED OFFICE:

1 Kings Avenue

London

N21 3NA

REGISTERED NUMBER:

10712151 (England and Wales)

AUDITORS:

Xeinadin Audit Limited

Level 5A

Maple House

149 Tottenham Court Road

London

W1T 7NF

FIXED ASSETS

Property, plant and equipment

4

9,975

12,469

Investments

5

150,000

150,000

159,975

162,469

CURRENT ASSETS

Debtors

6

65

150

Cash at bank and in hand

4,792

56,259

4,857

56,409

CREDITORS

Amounts falling due within one year

7

16,134

86,562

NET CURRENT LIABILITIES

(11,277

)

(30,153

)

TOTAL ASSETS LESS CURRENT LIABILITIES

148,698

132,316

PROVISIONS FOR LIABILITIES

8

2,494

3,117

NET ASSETS

146,204

129,199

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

146,201

129,196

146,204

129,199

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 29 October 2026 and were signed on its behalf by:

Mr P D A Karras - Director

1.	STATUTORY INFORMATION

Intsol Construction 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.

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern

The financial statements have been prepared on a going concern basis as the directors are satisfied that the company will have adequate resources to meet its liabilities to third parties as and when they fall due. Also, the directors will continue to support the company when required. Furthermore, the holding company has undertaken to provide continuing financial support so that the company is able to pay its debts as and when they fall due.

Significant judgements and estimates

In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed 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.

Revenue

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

Income from contracts

To recognise revenues, the company applies following five step approach:

(1) identify the contract with a customer,

(2) identify the performance obligations in the contract,

(3) determine the transaction price,

(4) allocate the transaction price to the performance obligations in the contract, and

(5) recognise revenues when a performance obligation is satisfied.

Property, plant and equipment

Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses. Such cost includes costs directly attributable to making the assets capable of operating as intended.

The carrying value of tangible assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Motor Vehicles

20% on Reducing Balance

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the profit or loss.

Investments in subsidiaries

Investments in subsidiary undertakings are measured at cost less accumulated impairment losses. Cost includes the fair value of the consideration given.

If there is an indication that an investment in a subsidiary has suffered impairment, the carrying amount is reviewed and, if necessary, adjusted to reflect the revised recoverable amount. Impairment losses and reversals of impairment losses are recognised in profit or loss in the period in which they occur.

Financial instruments

Basic financial assets and liabilities, which include debtors, creditors, cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Taxation

Taxation for the year 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 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Motor

vehicles

£

COST

At 1 November 2024

and 31 October 2025

15,586

DEPRECIATION

At 1 November 2024

3,117

Charge for year

2,494

At 31 October 2025

5,611

NET BOOK VALUE

At 31 October 2025

9,975

At 31 October 2024

12,469

5.	FIXED ASSET INVESTMENTS

Interest

in other

participating

interests

£

COST

At 1 November 2024

and 31 October 2025

150,000

NET BOOK VALUE

At 31 October 2025

150,000

At 31 October 2024

150,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

150

Other debtors

65

-

65

150

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

3,186

375

Amounts owed to group undertakings

10,098

-

Amounts owed to connected companies

-

34,618

Taxation and social security

-

48,883

Other creditors

2,850

2,686

16,134

86,562

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

Accelerated capital allowances

2,494

3,117

Deferred

tax

£

Balance at 1 November 2024

3,117

Credit to Income Statement during year

(623

)

Balance at 31 October 2025

2,494

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Robert Perez (FCA) (Senior Statutory Auditor)

for and on behalf of Xeinadin Audit Limited

10.	RELATED PARTY DISCLOSURES

Included in creditors, amount falling due within one year, is an amount of £10,098 (2024: £Nil) owed to the group undertakings. The loan is interest free and repayable on demand.

Included in creditors, amount falling due within one year, is an amount of £Nil (2024: £34,618) owed to the associates. The loan is interest free and repayable on demand.

During the year, the company provided services to a company with common shareholders amounting to £86,569 (2024: £158,468).

During the year, the company provided services to a company with common directors amounting to £Nil (2024: £5,522).

During the year, the company received services from a company with common directors amounting to £Nil (2024: £106).

During the year, the company provided services to the directors amounting to £31,628 (2024: £121,792).

11.	POST BALANCE SHEET EVENTS

No significant events have occurred between the reporting date, 31 Oct 2025, and the date the financial statements were authorized for issue that would require adjustment to or disclosure in the financial statements.

12.	ULTIMATE CONTROLLING PARTY

The company's immediate parent is The Intsol Group Ltd, incorporated in England and Wales. The ultimate controlling parties are Paul Karras, Gelareh Karras, Antonio Savvas Kounnis and Anna Kounnis by virtue of their holding in the parent company.

The largest and smallest group in which the results of the company are consolidated is that headed by The Intsol Group Ltd which is incorporated in United Kingdom. The consolidated financial statements of this company are available to the public and may be obtained from the company's registered office, being 1 Kings Avenue, London, United Kingdom, N21 3NA.