REGISTERED NUMBER: 11874515 (England and Wales)

Report of the Director and

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Blue Ocean Robotics Limited

Page

Company Information

1

Report of the Director

2

Chartered Accountants' Report

3

Income Statement

4

Other Comprehensive Income

5

Balance Sheet

6

Statement of Changes in Equity

7

Notes to the Financial Statements

8

DIRECTOR:

P J Nielsen

REGISTERED OFFICE:

823 Salisbury House, 5th Floor 29 Finsbu

London

EC2M 5QQ

REGISTERED NUMBER:

11874515 (England and Wales)

ACCOUNTANTS:

Krogh & Partners Limited

823 Salisbury House

29 Finsbury Circus

London

EC2M 5QQ

The director presents his report with the financial statements of the company for the year ended 31 December 2024.

PRINCIPAL ACTIVITY

The object of the Company is to develop and commercialise robot-based solutions for disinfection in the global healthcare sector and the pharmaceutical industry.

DIRECTOR

P J Nielsen held office during the whole of the period from 1 January 2024 to the date of this report.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES

The director is responsible for preparing the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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:

P J Nielsen - Director

15 September 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Blue Ocean Robotics Limited for the year ended 31 December 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Blue Ocean Robotics Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Blue Ocean Robotics Limited and state those matters that we have agreed to state to the director of Blue Ocean Robotics Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Blue Ocean Robotics Limited and its director for our work or for this report.

It is your duty to ensure that Blue Ocean Robotics Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Blue Ocean Robotics Limited. You consider that Blue Ocean Robotics Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Blue Ocean Robotics Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Krogh & Partners Limited

823 Salisbury House

29 Finsbury Circus

London

EC2M 5QQ

15 September 2025

TURNOVER

560,147

96,653

Cost of sales

118,121

30,002

GROSS PROFIT

442,026

66,651

Administrative expenses

193,979

56,436

OPERATING PROFIT

248,047

10,215

Interest receivable and similar income

9,330

1,592

257,377

11,807

Interest payable and similar expenses

3,798

4,459

PROFIT BEFORE TAXATION

253,579

7,348

Tax on profit

4

59,913

-

PROFIT FOR THE FINANCIAL YEAR

193,666

7,348

PROFIT FOR THE YEAR

193,666

7,348

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

193,666

7,348

CURRENT ASSETS

Debtors

5

756,996

114,033

Cash in hand

751

115,080

757,747

229,113

CREDITORS

Amounts falling due within one year

6

579,827

244,859

NET CURRENT ASSETS/(LIABILITIES)

177,920

(15,746

)

TOTAL ASSETS LESS CURRENT LIABILITIES

177,920

(15,746

)

CAPITAL AND RESERVES

Called up share capital

7

1

1

Retained earnings

177,919

(15,747

)

SHAREHOLDERS' FUNDS

177,920

(15,746

)

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.

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

The financial statements were approved by the director and authorised for issue on 15 September 2025 and were signed by:

P J Nielsen - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 January 2023

1

(23,095

)

(23,094

)

Changes in equity

Total comprehensive income

-

7,348

7,348

Balance at 31 December 2023

1

(15,747

)

(15,746

)

Changes in equity

Total comprehensive income

-

193,666

193,666

Balance at 31 December 2024

1

177,919

177,920

1.	STATUTORY INFORMATION

Blue Ocean Robotics 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.

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 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.

Debtors

Debtors are valued individually and there are made provision according to this valuation.

Cash at bank and in hand

Cash at bank and in hand includes cash holdings and bank deposits.

Creditors

Creditors are carried at payment or settlement amounts. Where the time value of money is material, creditors are carried at amortized cost.

3.	EMPLOYEES AND DIRECTORS

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

4.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

2024

2023

£

£

Current tax:

UK corporation tax

59,913

-

Tax on profit

59,913

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

172,034

40,500

Amounts owed by group undertakings

582,826

71,397

Other debtors

2,136

2,136

756,996

114,033

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

197,776

29,837

Amounts owed to group undertakings

136,118

82,320

Tax

59,913

-

VAT

92,955

33,364

Accruals and deferred income

93,065

99,338

579,827

244,859

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1

Ordinary

1

1

1

8.	ULTIMATE CONTROLLING PARTY

The immediate parent undertaking is UVD Robots ApS, a company incorporated and registered in Denmark.

Blue Ocean Robotics Holding ApS (incorporated in Denmark) is the smallest group to consolidate these financial statements and copies can be obtained from:

Blue Ocean Robotics Holding ApS

Svendborgvej 226

5260 Odense S

Denmark