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REGISTERED NUMBER: 13712088 (England and Wales)

Financial Statements for the Year Ended 28 February 2025

for

First Technology Holdings Ltd

| First Technology Holdings Ltd (Registered number: 13712088) |

Contents of the Financial Statements

for the Year Ended 28 February 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| First Technology Holdings Ltd |

Company Information

for the Year Ended 28 February 2025

| DIRECTORS: | Mr G Sharp

| Mr A Sharp

| Mr D Stow

| SECRETARY: | RF Secretaries Limited

| REGISTERED OFFICE: | 23D Horseshoe Park

| Pangbourne

| Berkshire

| RG8 7JW

| REGISTERED NUMBER: | 13712088 (England and Wales)

| AUDITORS: | Duncan & Toplis Audit Limited, Statutory Auditor

| Pinnacle House

| 1 Pinnacle Way

| Derby

| Derbyshire

| DE24 8ZS

| First Technology Holdings Ltd (Registered number: 13712088) |

Balance Sheet

28 February 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | 5,120 |  |

Property, plant and equipment | 5 | 6,224 |  | 6,928 |  |

6,224 |  | 12,048 |  |

CURRENT ASSETS

Inventories | 6 | 146,503 |  | 1,073 |  |

Debtors | 7 | 2,965,663 |  | 1,517,223 |  |

Cash at bank | 890,900 |  | 101,584 |  |

4,003,066 |  | 1,619,880 |  |

CREDITORS

Amounts falling due within one year | 8 | 3,857,427 |  | 1,606,418 |  |

NET CURRENT ASSETS | 145,639 |  | 13,462 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 151,863 |  | 25,510 |  |

PROVISIONS FOR LIABILITIES | 1,556 |  | 3,012 |  |

NET ASSETS | 150,307 |  | 22,498 |  |

CAPITAL AND RESERVES

Called up share capital | 9 | 100 |  | 100 |  |

Retained earnings | 150,207 |  | 22,398 |  |

SHAREHOLDERS' FUNDS | 150,307 |  | 22,498 |  |

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 August 2025 and were signed on its behalf by:

Mr G Sharp - Director

| First Technology Holdings Ltd (Registered number: 13712088) |

Notes to the Financial Statements

for the Year Ended 28 February 2025

1. | STATUTORY INFORMATION

| First Technology Holdings 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.

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.

| Revenue

| Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes to include sales related bonus/royalties earned. Revenue is accounted for when products or services are supplied to the company's customers.

| 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.

| Computer software is being amortised evenly over its estimated useful life of 3 years.

| Property, plant and equipment

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Fixtures and fittings | - | 16.33% on cost

| Computer equipment | - | 33% on cost

| Inventories

| Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Financial instruments

| The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, and loans from and to related parties.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

| First Technology Holdings Ltd (Registered number: 13712088) |

Notes to the Financial Statements - continued

for the Year Ended 28 February 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Provisions for liabilities

| Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

| Provisions are charged as an expense to the Statement of Income and Retained Earnings in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Balance Sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

| When payments are eventually made, they are charged to the provision carried in the Balance Sheet.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 7 (2024 - 6 ) .

4. | INTANGIBLE FIXED ASSETS

| Computer

| software

£ |

| COST

| At 1 March 2024

| and 28 February 2025 | 8,777 |  |

| AMORTISATION

| At 1 March 2024 | 3,657 |  |

| Amortisation for year | 5,120 |  |

| At 28 February 2025 | 8,777 |  |

| NET BOOK VALUE

| At 28 February 2025 | - |  |

| At 29 February 2024 | 5,120 |  |

| First Technology Holdings Ltd (Registered number: 13712088) |

Notes to the Financial Statements - continued

for the Year Ended 28 February 2025

5. | PROPERTY, PLANT AND EQUIPMENT

| Fixtures |

| and |  | Computer |

| fittings |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 March 2024 | 4,614 |  | 2,969 |  | 7,583 |  |

| Additions | 343 |  | 931 |  | 1,274 |  |

| At 28 February 2025 | 4,957 |  | 3,900 |  | 8,857 |  |

| DEPRECIATION

| At 1 March 2024 | 109 |  | 546 |  | 655 |  |

| Charge for year | 817 |  | 1,161 |  | 1,978 |  |

| At 28 February 2025 | 926 |  | 1,707 |  | 2,633 |  |

| NET BOOK VALUE

| At 28 February 2025 | 4,031 |  | 2,193 |  | 6,224 |  |

| At 29 February 2024 | 4,505 |  | 2,423 |  | 6,928 |  |

6. | INVENTORIES

2025 | 2024 |

£ | £ |

| Stocks | 146,503 |  | 1,073 |  |

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 2,499,022 |  | 1,153,617 |  |

| Amounts owed by group undertakings | 382,664 |  | 129,593 |  |

| Other debtors | 3,000 |  | 3,000 |  |

| Prepayments and accrued income | 80,977 |  | 231,013 |  |

2,965,663 |  | 1,517,223 |  |

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade creditors | 2,224,516 |  | 188,682 |  |

| Amounts owed to group undertakings | 1,341,491 |  | 1,341,491 |  |

| Tax | 53,648 |  | 2,639 |  |

| Social security and other taxes | 39,184 |  | 33,004 |  |

| VAT | 48,090 |  | 24,668 |  |

| Other creditors | 3,537 |  | 5,034 |  |

| Accruals and deferred income | 146,961 |  | 10,900 |  |

3,857,427 |  | 1,606,418 |  |

| First Technology Holdings Ltd (Registered number: 13712088) |

Notes to the Financial Statements - continued

for the Year Ended 28 February 2025

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 100 | Ordinary | 1 | 100 |  | 100 |  |

| The above shares have attached to them full voting, dividend and capital distribution (including on winding up) rights; they do not confer any rights of redemption.

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

| The Report of the Auditors was unqualified.

| Gary Underwood (Senior Statutory Auditor)

| for and on behalf of Duncan & Toplis Audit Limited, Statutory Auditor

11. | PENSION COMMITMENTS

| The entity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the entity in an independently administered fund. The amount charged against profits represent the contributions payable to the scheme in respect of the accounts accounting period and amounts to £9,125 (2024: £5,806) There were £0 of outstanding contributions payable at the year end.

12. | RELATED PARTY DISCLOSURES

| The balance outstanding on interest free loans provided from companies with common directors amounted to £1,341,491 (2024: £1,341,491).

| The balance outstanding on interest free loans provided to companies with common directors amounted to £382,664 (2024: £129,593).

13. | ULTIMATE PARENT COMPANY

| First Technology Investments (Pty) Ltd (incorporated in South Africa) is regarded by the directors as being the company's ultimate parent company.