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REGISTERED NUMBER: 10861009 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ATHONET UK LIMITED

ATHONET UK LIMITED (REGISTERED NUMBER: 10861009)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page |

Company Information | 1 |

Report of the Directors | 2 |

Balance Sheet | 3 |

Notes to the Financial Statements | 4 |

ATHONET UK LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2024

| DIRECTORS: | M P Harris

| S A Marston

| REGISTERED OFFICE: | C/O Hewlett Packard Limited

| Ground Floor, 210 Wharfedale Road

| Winnersh Triangle

| Reading

| Berkshire

| RG41 5TP

| REGISTERED NUMBER: | 10861009 (England and Wales)

| ACCOUNTANTS: | Xeinadin

| 2 Upperton Gardens

| Eastbourne

| East Sussex

| BN21 2AH

ATHONET UK LIMITED (REGISTERED NUMBER: 10861009)

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 31 DECEMBER 2024

The directors present their report with the financial statements of the company for the year ended 31 December 2024.

The directors noted that the company had taken advantage of the exemption under 414B of the Companies Act 2006from the requirement to prepare a strategic report.

CESSATION OF TRADING

The company ceased trading on 31 March 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of mobile networks and technology.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2024 to the date of this report.

M P Harris

S A Marston

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

S A Marston - Director

2 September 2025

ATHONET UK LIMITED (REGISTERED NUMBER: 10861009)

BALANCE SHEET

31 DECEMBER 2024

| 2024 |  | 2023

| Notes | £ | £ |

CURRENT ASSETS

Debtors | 4 | 386,766 |  | 601,559 |  |

Cash at bank | 17,555 |  | 21,986 |  |

404,321 |  | 623,545 |  |

CREDITORS

Amounts falling due within one year | 5 | 274,228 |  | 276,537 |  |

NET CURRENT ASSETS | 130,093 |  | 347,008 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 130,093 |  | 347,008 |  |

CAPITAL AND RESERVES

Called up share capital | 250,001 |  | 250,001 |  |

Retained earnings | (119,908 | ) | 97,007 |  |

130,093 |  | 347,008 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 2 September 2025 and were signed on its behalf by:

S A Marston - Director

ATHONET UK LIMITED (REGISTERED NUMBER: 10861009)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1. | STATUTORY INFORMATION

| Athonet UK 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.

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

| On 1 September 2023, the Company sold its assets and related business to Hewlett-Packard Limited. The directors have confirmed that they intend to liquidate the Company although the timing of this is uncertain. As a result, these financial statements have been prepared on a basis other than that of the going concern basis. This basis includes, where applicable, writing the company's assets down to net realisable value. Provisions have also been made in respect of contracts which have become onerous at the reporting date. No provision has been made for the future costs of terminating the business unless such costs were committed at the reporting date.

| Turnover

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

| 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 balance sheet date.

| Deferred tax

| Deferred tax has not been recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. The directors do not believe that this is necessary and accept this accounting treatment does not comply with Financial Reporting Standard 102.

| 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

| The average number of employees during the year was NIL (2023 - 1 ).

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

2024 | 2023 |

£ | £ |

| Trade debtors | - |  | 10,728 |  |

| Amounts owed by group undertakings | 151,776 |  | 357,023 |  |

| Other debtors | 234,990 |  | 233,808 |  |

386,766 |  | 601,559 |  |

ATHONET UK LIMITED (REGISTERED NUMBER: 10861009)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

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

2024 | 2023 |

£ | £ |

| Trade creditors | 3,599 |  | 7,140 |  |

| Amounts owed to group undertakings | 267,629 |  | 257,637 |  |

| Taxation and social security | - |  | 1,598 |  |

| Other creditors | 3,000 |  | 10,162 |  |

274,228 |  | 276,537 |  |

6. | RELATED PARTY DISCLOSURES

| Athonet UK Limited is a 100% subsidiary of Athonet Srl.

| During 2023 Hewlett-Packard Limited acquired the UK business and assets of the Company, with the Hewlett Packard Enterprise Company being the ultimate parent company of the acquiring group (and of Athonet Srl following its acquisition by the Hewlett Packard Enterprise Group).

| As at the balance sheet date an amount of £251,331 (2023 £241,338) was payable to Athonet Srl.

| As at the balance sheet date, there was an amount payable to Hewlett Packard Ltd of £16,298 (2023 £16,298).

| As at the balance sheet date, an amount of £43,937 (2023 £43,937) was receivable from Athonet US.

| As at the balance sheet date, there was an amount receivable from Hewlett Packard Enterprise Company of £107,838 (2023 £313,086)

| A balance owed by a former director of Athonet UK Ltd of £233,808 (2023 £233,808) is included in other debtors.

7. | ULTIMATE CONTROLLING PARTY

| Hewlett Packard Enterprise Company (incorporated under the laws of United States (Delaware)) is considered to be the Ultimate controlling party by virtue of its shareholding.