REGISTERED NUMBER: 15492394 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

15 FEBRUARY 2024 TO 31 DECEMBER 2024

FOR

BROADSWORD INVESTMENT MANAGEMENT LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D A Sennett

W B Corbett

A M Axelrod

REGISTERED OFFICE:

53 Davies Street

Mayfair

London

W1K 5JH

REGISTERED NUMBER:

15492394 (England and Wales)

ACCOUNTANTS:

Fawcetts LLP

Chartered Accountants

Windover House

St. Ann Street

Salisbury

SP1 2DR

FIXED ASSETS

Tangible assets

4

3,305

Investments

5

3,590,705

3,594,010

CURRENT ASSETS

Debtors

6

1,151,487

Cash at bank

768,780

1,920,267

CREDITORS

Amounts falling due within one year

7

72,863

NET CURRENT ASSETS

1,847,404

TOTAL ASSETS LESS CURRENT LIABILITIES

5,441,414

CREDITORS

Amounts falling due after more than one year

8

6,250,000

NET LIABILITIES

(808,586

)

CAPITAL AND RESERVES

Called up share capital

11

20

Retained earnings

(808,606

)

SHAREHOLDERS' FUNDS

(808,586

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the period 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 30 September 2025 and were signed on its behalf by:

D A Sennett - Director

1.	STATUTORY INFORMATION

Broadsword Investment Management Ltd 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.

The financial statements have been prepared on a going concern basis. The directors have considered the appropriateness of this policy in light of the company's accumulated losses. The directors continue to monitor the financial performance of the company and to develop plans to generate income. The directors have confirmed that additional finance will be made available to the company as required from time to time to enable it to continue to trade. On the basis of the plans already implemented and the finance facilities available to the company, the directors conclude that the company's financial statements are appropriately prepared on a going concern basis.

The financial statements are presented in Sterling (£) which is the functional currency of the company.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Preparation of consolidated financial statements

The financial statements contain information about Broadsword Investment Management Ltd 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.

Tangible fixed assets

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

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the period 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 period 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Debtors

Debtors are measured at their recoverable amount.

Creditors and provisions

Creditors and provision are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

4,933

At 31 December 2024

4,933

DEPRECIATION

Charge for period

1,628

At 31 December 2024

1,628

NET BOOK VALUE

At 31 December 2024

3,305

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

Additions

3,590,705

At 31 December 2024

3,590,705

NET BOOK VALUE

At 31 December 2024

3,590,705

Shares in group undertakings represents the company's investments in Apo Group Limited and Hubbl UK Limited.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

1,151,487

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

64,936

Other creditors

7,927

72,863

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Other creditors

6,250,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans more 5yrs non-inst

6,250,000

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

£

Within one year

60,000

Between one and five years

15,000

75,000

10.	SECURED DEBTS

The following secured debts are included within creditors:

£

Other loans

6,250,000

Other loans relates to a revolving facility provided by Strategic Consolidated Income Fund LLC and is secured by way of a cross-guarantee over the assets of the company and its subsidiaries Apo Group Limited and Apo People Limited.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

20

Ordinary

£1

20

20 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.

12.	ULTIMATE CONTROLLING PARTY

In the opinion of the directors, there is no ultimate controlling party.