REGISTERED NUMBER: 13085103 (England and Wales)

Unaudited Financial Statements For The Year Ended 31 December 2024

for

Paradigm Infrastructure II Limited

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

Directors:

S V Harris

W H Hess

S C Marshall

Secretary:

HP Secretarial Services Limited

Registered office:

Nene House

4 Rushmills

Northampton

NN4 7YB

Registered number:

13085103 (England and Wales)

Accountants:

R Vann Ltd

Chartered Certified Accountants

Ironstone House

Ironstone Way

Brixworth

Northamptonshire

NN6 9UD

Fixed assets

Investments

4

16,428,118

11,971,166

Current assets

Debtors: amounts falling due within one year

5

6,909,046

4,523,338

Debtors: amounts falling due after more than one year

5

30,947,800

28,072,586

Cash at bank

874

45,130

37,857,720

32,641,054

Creditors

Amounts falling due within one year

6

3,256,685

1,006,067

Net current assets

34,601,035

31,634,987

Total assets less current liabilities

51,029,153

43,606,153

Creditors

Amounts falling due after more than one year

7

40,695,411

32,532,629

Net assets

10,333,742

11,073,524

Capital and reserves

Called up share capital

9

330,001

330,001

Share premium

11,989,661

11,989,661

Retained earnings

(1,985,920

)

(1,246,138

)

Shareholders' funds

10,333,742

11,073,524

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 28 September 2025 and were signed on its behalf by:

S V Harris - Director

1.	Statutory information

Paradigm Infrastructure II 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.

Preparation of consolidated financial statements

The financial statements contain information about Paradigm Infrastructure II Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

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

Investments in associates

Investments in associate undertakings are recognised at cost.

Financial instruments

Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Basic financial instruments

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Classification of financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

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.

3.	Employees and directors

The average number of employees during the year was 3 (2023 - 7 ) .

4.	Fixed asset investments

Interest

in

associate

£

Cost

At 1 January 2024

11,971,166

Additions

4,456,952

At 31 December 2024

16,428,118

Net book value

At 31 December 2024

16,428,118

At 31 December 2023

11,971,166

The company owns 30% of the issued share capital of RTGF Holdings Limited.

The company`s registered office is in the United Kingdom, and the nature of the business is that of a holding company.

5.

Debtors

31.12.24

31.12.23

£

£

Amounts falling due within one year:

Trade debtors

5,019

123,934

Other debtors

6,904,027

4,399,404

6,909,046

4,523,338

Amounts falling due after more than one year:

Other debtors

30,947,800

28,072,586

Aggregate amounts

37,856,846

32,595,924

6.

Creditors: amounts falling due within one year

31.12.24

31.12.23

£

£

Trade creditors

42,095

62,530

Amounts owed to group undertakings

531,026

930,205

Other creditors

2,683,564

13,332

3,256,685

1,006,067

7.

Creditors: amounts falling due after more than one year

31.12.24

31.12.23

£

£

Other creditors

40,695,411

32,532,629

8.	Secured debts

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Other loans

40,695,411

32,532,629

9.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

330,001

Ordinary

1

330,001

330,001

10.	Ultimate controlling party

The Company is controlled jointly by the directors in their collective capacity as 100% shareholders of the Company's majority shareholder, Paradigm Infrastructure Limited where each such shareholder is identified as a Person with Significant Control.