X3T BROADBAND UK LTD

Company Registration Number:
15333789 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2024

Period of accounts

Start date: 07 December 2023

End date: 31 December 2024

X3T BROADBAND UK LTD

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Notes

X3T BROADBAND UK LTD

Balance sheet

As at 31 December 2024


Notes
13 months to 31 December 2024


£
Fixed assets
Investments: 3 13,960,983
Total fixed assets: 13,960,983
Current assets
Creditors: amounts falling due within one year: 4 (1,925,861)
Net current assets (liabilities): (1,925,861)
Total assets less current liabilities: 12,035,122
Creditors: amounts falling due after more than one year: 5 (1,242,988)
Total net assets (liabilities): 10,792,134
Capital and reserves
Called up share capital: 10,800,100
Profit and loss account: (7,966)
Shareholders funds: 10,792,134

The notes form part of these financial statements

X3T BROADBAND UK LTD

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 06 October 2025
and signed on behalf of the board by:

Name: Bernard Keogh
Status: Director

The notes form part of these financial statements

X3T BROADBAND UK LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

X3T BROADBAND UK LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

2. Employees

13 months to 31 December 2024
Average number of employees during the period 0

X3T BROADBAND UK LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Fixed investments

During the year the Company acquired 100% of the ordinary share class of Strategic Imperatives Limited for a consideration of £21,085,294. The Company received a dividend of £6,907,771 in the current year from its subsidiary, Strategic Imperatives Limited which the director have offsetagainst the cost of the investment.

X3T BROADBAND UK LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Creditors: amounts falling due within one year note

Contingent consideration is recognised as a liability at the acquisition date of the Company's subsidiary, Strategic Imperative Limited, with the amount being the estimated future earnout of the payment. It is measured at fair value, and any changes to the fair value after the acquisition are recognised in profit or loss. Amounts owed to group undertakings are unsecured, interest free and repayable on demand

X3T BROADBAND UK LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Creditors: amounts falling due after more than one year note

Contingent consideration is recognised as a liability at the acquisition date of the Company's subsidiary, Strategic Imperative Limited, with the amount being the estimated future earnout of the payment. It is measured at fair value, and any changes to the fair value after the acquisition are recognised in profit or loss.

X3T BROADBAND UK LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

6. Related party transactions

The Company has availed of the exemption provided in FRS 102 section 33, "Related Party Disclosures" not to disclose transactions entered into with fellow wholly owned group companies.

X3T BROADBAND UK LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

7. Post balance sheet events

There have been no significant events since the financial period-end, which require adjustment to or disclosure in these financial statements.