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REGISTERED NUMBER: 02602544 (England and Wales)

TRIPLERELAY LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

| TRIPLERELAY LIMITED (REGISTERED NUMBER: 02602544) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page |

| Company Information | 1 |

| Abridged Statement of Financial Position | 2 |

| Notes to the Financial Statements | 4 |

| TRIPLERELAY LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2024

| DIRECTOR: | A Adiri

| REGISTERED OFFICE: | 923 Finchley Road

| Golders Green

| London

| NW11 7PE

| REGISTERED NUMBER: | 02602544 (England and Wales)

| ACCOUNTANTS: | Joseph Kahan Associates LLP

| Chartered Accountants

| 923 Finchley Road

| London

| NW11 7PE

| TRIPLERELAY LIMITED (REGISTERED NUMBER: 02602544) |

ABRIDGED STATEMENT OF FINANCIAL POSITION

31 DECEMBER 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 172,549 |  | 229,088 |  |

Investment property | 5 | 2,806,000 |  | 2,806,000 |  |

2,978,549 |  | 3,035,088 |  |

CURRENT ASSETS

Debtors | 10,275 |  | 10,275 |  |

Cash at bank | 72,236 |  | 127,945 |  |

82,511 |  | 138,220 |  |

CREDITORS

Amounts falling due within one year | 142,438 |  | 165,002 |  |

NET CURRENT LIABILITIES | (59,927 | ) | (26,782 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,918,622 |  | 3,008,306 |  |

CREDITORS

Amounts falling due after more than one year | - |  | 65,300 |  |

NET ASSETS | 2,918,622 |  | 2,943,006 |  |

CAPITAL AND RESERVES

Called up share capital | 7 | 2,888,400 |  | 2,888,400 |  |

Retained earnings | 30,222 |  | 54,606 |  |

SHAREHOLDERS' FUNDS | 2,918,622 |  | 2,943,006 |  |

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 director acknowledges his 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.

| TRIPLERELAY LIMITED (REGISTERED NUMBER: 02602544) |

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued

31 DECEMBER 2024

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 April 2025 and were signed by:

A Adiri - Director

| TRIPLERELAY LIMITED (REGISTERED NUMBER: 02602544) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1. | STATUTORY INFORMATION

| Triplerelay 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.

| Turnover

| Turnover is measured as the fair value of the rent and royalties receivable, excluding discounts, rebates and value added tax .

| 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 ten years.

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| TRIPLERELAY LIMITED (REGISTERED NUMBER: 02602544) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

| Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

| Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

| Debtors

| Basic financial assets, including trade and other debtors, are initially recognised at transaction price, 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. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

| Cash and cash equivalents

| Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

| Creditors

| Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

| Interest income

| Interest income is recognised in profit or loss using the effective interest method.

| Taxation

| Tax is recognised in profit or loss except that a change attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

| TRIPLERELAY LIMITED (REGISTERED NUMBER: 02602544) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

2. | ACCOUNTING POLICIES - continued

| 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.

3. | EMPLOYEES AND DIRECTORS

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

4. | PATENTS & LICENSES

| Totals

£ |

| COST

| At 1 January 2024

| and 31 December 2024 | 565,392 |  |

| AMORTISATION

| At 1 January 2024 | 336,304 |  |

| Amortisation for year | 56,539 |  |

| At 31 December 2024 | 392,843 |  |

| NET BOOK VALUE

| At 31 December 2024 | 172,549 |  |

| At 31 December 2023 | 229,088 |  |

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 January 2024

| and 31 December 2024 | 2,806,000 |  |

| NET BOOK VALUE

| At 31 December 2024 | 2,806,000 |  |

| At 31 December 2023 | 2,806,000 |  |

| The director is of the opinion that the Fair Value of the Investment Property as at 31/12/2024 is £2,806,000 (2023 £2,806,000).

| TRIPLERELAY LIMITED (REGISTERED NUMBER: 02602544) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

6. | SECURED DEBTS

| The Bank Loan is secured by a first charge over the Investment Property.

7. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2024 | 2023 |

| value: | £ | £ |

| 2,888,400 | Ordinary | £1 | 2,888,400 |  | 2,888,400 |  |