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REGISTERED NUMBER: 05521721 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

WREN ELECTRONICS LIMITED

WREN ELECTRONICS LIMITED (REGISTERED NUMBER: 05521721) |

CONTENTS OF THE FINANCIAL STATEMENTS

For The Year Ended 31 December 2024

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| WREN ELECTRONICS LIMITED |

COMPANY INFORMATION

For The Year Ended 31 December 2024

| DIRECTORS: | N Grant

| D W Lewis

| A S Trott

| A J Bishop

| REGISTERED OFFICE: | 20 Clarke Road

| Bletchley

| Milton Keynes

| Buckinghamshire

| MK1 1LG

| REGISTERED NUMBER: | 05521721 (England and Wales)

| ACCOUNTANTS: | TC Group

| Baird House

| Seebeck Place

| Knowlhill

| Milton Keynes

| Buckinghamshire

| MK5 8FR

WREN ELECTRONICS LIMITED (REGISTERED NUMBER: 05521721) |

BALANCE SHEET

31 December 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Tangible assets | 5 | 5,826 |  | 8,677 |  |

5,826 |  | 8,677 |  |

CURRENT ASSETS

Stocks | 104,736 |  | 86,714 |  |

Debtors | 6 | 32,060 |  | 48,137 |  |

Cash at bank and in hand | 2,403 |  | 3,935 |  |

139,199 |  | 138,786 |  |

CREDITORS

Amounts falling due within one year | 7 | 38,986 |  | 58,198 |  |

NET CURRENT ASSETS | 100,213 |  | 80,588 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 106,039 |  | 89,265 |  |

CREDITORS

Amounts falling due after more than one year | 8 | 246,711 |  | 40,081 |  |

NET (LIABILITIES)/ASSETS | (140,672 | ) | 49,184 |  |

CAPITAL AND RESERVES

Called up share capital | 9 | 2 |  | 2 |  |

Retained earnings | (140,674 | ) | 49,182 |  |

SHAREHOLDERS' FUNDS | (140,672 | ) | 49,184 |  |

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.

WREN ELECTRONICS LIMITED (REGISTERED NUMBER: 05521721) |

BALANCE SHEET - 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.

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 17 September 2025 and were signed on its behalf by:

A Bishop - Director

WREN ELECTRONICS LIMITED (REGISTERED NUMBER: 05521721) |

NOTES TO THE FINANCIAL STATEMENTS

For The Year Ended 31 December 2024

1. | STATUTORY INFORMATION

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

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

| 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.

| Tangible fixed assets

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

| Plant and machinery | - | 20% on cost

| Stocks

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

| 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.

| 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.

| Going concern

| The financial statements have been prepared on a going concern basis although the balance sheet displayed a negative amount at the balance sheet date. The directors has confirmed continued support to the company and will ensure the company retains sufficient working capital to continue trading for the foreseeable future.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 4 (2023 - 4 ) .

WREN ELECTRONICS LIMITED (REGISTERED NUMBER: 05521721) |

NOTES TO THE FINANCIAL STATEMENTS - continued

For The Year Ended 31 December 2024

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 January 2024

| and 31 December 2024 | 5,000 |  |

| AMORTISATION

| At 1 January 2024

| and 31 December 2024 | 5,000 |  |

| NET BOOK VALUE

| At 31 December 2024 | - |  |

| At 31 December 2023 | - |  |

5. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

£ |

| COST

| At 1 January 2024

| and 31 December 2024 | 14,254 |  |

| DEPRECIATION

| At 1 January 2024 | 5,577 |  |

| Charge for year | 2,851 |  |

| At 31 December 2024 | 8,428 |  |

| NET BOOK VALUE

| At 31 December 2024 | 5,826 |  |

| At 31 December 2023 | 8,677 |  |

6. | DEBTORS

2024 | 2023 |

£ | £ |

| Amounts falling due within one year:

| Trade debtors | 15,856 |  | 26,137 |  |

| Prepayments | 4,204 |  | - |  |

20,060 |  | 26,137 |  |

| Amounts falling due after more than one year:

| Amounts owed by group undertakings | 12,000 |  | 22,000 |  |

| Aggregate amounts | 32,060 |  | 48,137 |  |

WREN ELECTRONICS LIMITED (REGISTERED NUMBER: 05521721) |

NOTES TO THE FINANCIAL STATEMENTS - continued

For The Year Ended 31 December 2024

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

2024 | 2023 |

£ | £ |

| Trade creditors | 4,712 |  | 20,141 |  |

| Social security and other taxes | 6,404 |  | 6,395 |  |

| VAT | 25,127 |  | 28,358 |  |

| Other creditors | 493 |  | 493 |  |

| Accrued expenses | 2,250 |  | 2,811 |  |

38,986 |  | 58,198 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2024 | 2023 |

£ | £ |

| Amounts owed to group undertakings | 246,711 |  | 40,081 |  |

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 20 | Ordinary | £0.10 | 2 |  | 2 |  |

10. | ULTIMATE CONTROLLING PARTY

| The company is a wholly owned subsidiary of Global Networks Group Limited.