REGISTERED NUMBER: 15709705 (England and Wales)

FINANCIAL STATEMENTS

FOR THE PERIOD 8 MAY 2024 TO 31 DECEMBER 2024

FOR

BANNER FIBRE HOLDCO LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr B L Bresler

Mr T L Williams

REGISTERED OFFICE:

13 Selvage Lane

London

NW7 3SS

REGISTERED NUMBER:

15709705 (England and Wales)

ACCOUNTANTS:

MGR Weston Kay LLP

Chartered Accountants

55 Loudoun Road

St John's Wood

London

NW8 0DL

FIXED ASSETS

Investments

4

1,813,529

CURRENT ASSETS

Debtors

5

6

Cash at bank

162,133

162,139

CREDITORS

Amounts falling due within one year

6

(817,279

)

NET CURRENT LIABILITIES

(655,140

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,158,389

CREDITORS

Amounts falling due after more than one year

7

(500,000

)

NET ASSETS

658,389

CAPITAL AND RESERVES

Called up share capital

8

9,367

Share premium

650,634

Retained earnings

(1,612

)

SHAREHOLDERS' FUNDS

658,389

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:

Mr B L Bresler - Director

1.	STATUTORY INFORMATION

Banner Fibre Holdco 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 Banner Fibre Holdco 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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and 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.

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.

Going concern

The directors have confirmed that funds will continue to be made available from connected companies to enable it to meet its day to day commitments for the foreseeable future. Accordingly, the directors consider it appropriate to prepare these accounts on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

Additions

1,813,529

At 31 December 2024

1,813,529

NET BOOK VALUE

At 31 December 2024

1,813,529

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Lit Fibre Ltd

Registered office: 400 Thames Valley Park Drive, Reading, England, RG6 1PT

Nature of business: Providing ISP services to residential customers.

%

Class of shares:

holding

Ordinary

100.00

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

6

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Amounts owed to group undertakings

815,779

Other creditors

1,500

817,279

Amounts owed to group undertakings are unsecured, interest free and repayable on demand.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Other creditors

500,000

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

666,666

Ordinary

.01

6,667

270,000

A Ordinary

.01

2,700

9,367

The following fully paid shares were allotted during the period at a premium as shown below:

666,666 Ordinary shares of .01 each at .3725 per share

270,000 A Ordinary shares of .01 each at 1.49 per share