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Kayser Bondor Ld. (62HF)

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Wednesday 26 October, 2005

Kayser Bondor Ld.

Preliminary Results

Kayser Bondor Ld
26 October 2005




                             Kayser Bondor Limited

                            Preliminary Announcement

                                  30 June 2005





Registration number 229735



KAYSER BONDOR LIMITED


Preliminary Announcement


Explanatory Statement

The directors present their preliminary announcement for the year ended 30 June
2005.

These accounts are not the Company's statutory accounts. The auditors have not
yet reported on the accounts for the year ended 30 June 2005, nor have any such
accounts been delivered to the Registrar of Companies. However, the audit work
is complete and no qualification is expected.

The comparative figures contained in this report are for the year ended 30 June
2004. These figures (with the exception of the cash flow statement from which
the Company was exempt under FRS 1) have been extracted from the statutory
accounts, which have been filed with the Registrar of Companies. The auditors'
report on those accounts was unqualified and did not contain any statement under
section 237(2) or (3) of the Companies Act 1985.


Review of the Business

The results for the year are shown in the profit and loss account. The Company
did not trade during the year and the results are consistent with the
corresponding prior year period.

Dividends

The directors do not recommend the payment of an ordinary dividend (2004: £nil).



The contents of this report have been reviewed and approved by the Board of
Directors.

By order of the Board



A Jagun
Secretary
26 October 2005


KAYSER BONDOR LIMITED


Preliminary Announcement

Profit and Loss Account                           Notes       2005       2004
For the year ended 30 June 2005
                                                             £'000      £'000
Interest receivable from group undertakings                    254        254
Profit before taxation                                         254        254
Taxation                                                         -          -
Profit after taxation                                          254        254
Preference dividend paid - non-equity                 2        (45)       (45)
Profit attributable to ordinary shareholders                   209        209
Basic and diluted earnings per share                  3      0.9 p      0.9 p


Continuing operations

The company did not trade during the period.

Statement of total recognised gains and losses

There are no movements in total recognised gains and losses or shareholders'
funds other than those reported in the profit and loss account above.




KAYSER BONDOR LIMITED


Preliminary Announcement

Balance Sheet
As at 30 June 2005                                            2005        2004
                                                             £'000       £'000
Current assets
Debtors                                                     11,290      11,081
Creditors: amounts falling due within one year                (115)       (115)
Net current assets                                          11,175      10,966
Capital and reserves
Called up share capital                                      6,756       6,756
Profit and loss account                                      4,419       4,210
Total capital employed                                      11,175      10,966
Analysis of shareholders' funds
Equity                                                      10,425      10,216
Non-equity                                                     750         750
                                                            11,175      10,966


KAYSER BONDOR LIMITED


Preliminary Announcement

Cash Flow Statement
For the year ended 30 June 2005                                2005      2004
                                                              £'000     £'000
Net cash outflow from operating activities:
Operating profit                                                  -         -
Increase in debtors                                            (209)     (209)
                                                               (209)     (209)
Returns on investments and servicing of finance:
Interest received                                               254       254
Non-equity dividends paid                                       (45)      (45)
                                                                209       209
Movement in cash                                                  -         -

The above balances are settled through a parent company bank account, which is
part of the Sara Lee UK Holdings Limited group banking scheme. In the Company
accounts the transactions are accounted for via movements in inter-company
balances.




KAYSER BONDOR LIMITED

Preliminary Announcement

Notes to the Accounts
As at 30 June 2005

1. Basis of preparation
The unaudited results have been prepared in accordance with the accounting
policies set out in the Annual Report for the year ended 30 June 2004.

2. Dividends
No dividends were paid or proposed on the ordinary share capital. The rate of
preference dividend is 6% (2004: 6%), paid half yearly on 30 June and 31
December.

3. Earnings per share
The calculation of basic and diluted earnings per share is based on the profit
attributable to ordinary shareholders of £209,000 (2004: £209,000) and on
24,023,440 (2004: 24,023,440) shares, being the weighted average number of
shares in issue during the period. There is no dilution of earnings per share.




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