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REGISTERED NUMBER: 12115914 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 DECEMBER 2024 |

| FOR |

| BATTERY ASSET MANAGEMENT LIMITED |

BATTERY ASSET MANAGEMENT LIMITED (REGISTERED NUMBER: 12115914)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

BATTERY ASSET MANAGEMENT LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2024

| DIRECTORS: | Mr M Clare

| Mr P T Gazzard

| Mr H H Mendoza

| Mr R J Shardlow

| REGISTERED OFFICE: | 4c Princes House

| 38 Jermyn Street

| London

| SW1Y 6DN

| REGISTERED NUMBER: | 12115914 (England and Wales)

BATTERY ASSET MANAGEMENT LIMITED (REGISTERED NUMBER: 12115914)

BALANCE SHEET

31 DECEMBER 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 7,084 |  | 3,556 |  |

Investments | 5 | 316,000 |  | - |  |

323,084 |  | 3,556 |  |

CURRENT ASSETS

Debtors | 6 | 109,918 |  | 40,881 |  |

Cash at bank | 67,377 |  | 74,990 |  |

177,295 |  | 115,871 |  |

CREDITORS

Amounts falling due within one year | 7 | 195,323 |  | 90,723 |  |

NET CURRENT (LIABILITIES)/ASSETS | (18,028 | ) | 25,148 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 305,056 |  | 28,704 |  |

CAPITAL AND RESERVES

Called up share capital | 8 | 4,000 |  | 4,000 |  |

Retained earnings | 301,056 |  | 24,704 |  |

SHAREHOLDERS' FUNDS | 305,056 |  | 28,704 |  |

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 9 September 2025 and were signed on its behalf by:

Mr R J Shardlow - Director

BATTERY ASSET MANAGEMENT LIMITED (REGISTERED NUMBER: 12115914)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1. | STATUTORY INFORMATION

| Battery Asset Management 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 represents the value, net of discounts,of goods provided to customers and work carried out in respect of services provided to customers. In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

| Tangible fixed assets

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

| Computer equipment | - | at varying rates on cost

| All fixed assets are initially recorded at cost.

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| 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.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| 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.

| Financial instruments

| Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

BATTERY ASSET MANAGEMENT LIMITED (REGISTERED NUMBER: 12115914)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

2. | ACCOUNTING POLICIES - continued

| Operating lease agreements

| Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 11 (2023 - 12 ) .

4. | TANGIBLE FIXED ASSETS

| Computer

| equipment

£ |

| COST

| At 1 January 2024 | 3,556 |  |

| Additions | 7,070 |  |

| At 31 December 2024 | 10,626 |  |

| DEPRECIATION

| Charge for year | 3,542 |  |

| At 31 December 2024 | 3,542 |  |

| NET BOOK VALUE

| At 31 December 2024 | 7,084 |  |

| At 31 December 2023 | 3,556 |  |

5. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| Additions | 969,260 |  |

| Disposals | (653,260 | ) |

| At 31 December 2024 | 316,000 |  |

| NET BOOK VALUE

| At 31 December 2024 | 316,000 |  |

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

2024 | 2023 |

£ | £ |

| Trade debtors | 58,860 |  | 36,000 |  |

| Other debtors | 51,058 |  | 4,881 |  |

109,918 |  | 40,881 |  |

BATTERY ASSET MANAGEMENT LIMITED (REGISTERED NUMBER: 12115914)

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 | 165,414 |  | 27,020 |  |

| Taxation and social security | 29,559 |  | 63,418 |  |

| Other creditors | 350 |  | 285 |  |

195,323 |  | 90,723 |  |

8. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 4,000 | Ordinary | £1 | 4,000 |  | 4,000 |  |