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REGISTERED NUMBER: 09461046

| Unaudited Financial Statements for the Year Ended 30th April 2025 |

| for |

| Square One Network Limited |

Square One Network Limited (Registered number: 09461046)

Contents of the Financial Statements

for the Year Ended 30th April 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

Square One Network Limited

Company Information

for the Year Ended 30th April 2025

| DIRECTORS: | Mr P Kinneir

| Mr D J Allen

| REGISTERED OFFICE: | Unit 5

| West Point Row

| Bradley Stoke

| Bristol

| BS32 4QG

| REGISTERED NUMBER: | 09461046

| ACCOUNTANTS: | Dunkley's

| Woodlands Grange

| Woodlands Lane

| Bradley Stoke

| Bristol

| United Kingdom

| BS32 4JY

Square One Network Limited (Registered number: 09461046)

Balance Sheet

30th April 2025

| 30.4.25 | 30.4.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 2,744 |  | 4,474 |  |

CURRENT ASSETS

Debtors | 5 | 148,234 |  | 549,821 |  |

Cash at bank and in hand | 302,682 |  | 240,867 |  |

450,916 |  | 790,688 |  |

CREDITORS

Amounts falling due within one year | 6 | 4,127,730 |  | 271,330 |  |

NET CURRENT (LIABILITIES)/ASSETS | (3,676,814 | ) | 519,358 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | (3,674,070 | ) | 523,832 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (22,980 | ) | (3,729,004 | ) |

PROVISIONS FOR LIABILITIES | (521 | ) | (850 | ) |

NET LIABILITIES | (3,697,571 | ) | (3,206,022 | ) |

CAPITAL AND RESERVES

Called up share capital | 9 | 100 |  | 100 |  |

Retained earnings | 10 | (3,697,671 | ) | (3,206,122 | ) |

SHAREHOLDERS' FUNDS | (3,697,571 | ) | (3,206,022 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2025 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 16th October 2025 and were signed on its behalf by:

Mr P Kinneir - Director

Square One Network Limited (Registered number: 09461046)

Notes to the Financial Statements

for the Year Ended 30th April 2025

1. | STATUTORY INFORMATION

| Square One Network Limited is a private company, limited by shares , registered in Not specified/Other. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Tangible fixed assets

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

| Plant and machinery | - | 15% on reducing balance

| Fixtures and fittings | - | 15% on reducing balance

| Computer equipment | - | Straight line over 3 years

| 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.

| 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.

| Going concern

| At the year end, the company had net liabilities. However, the directors have confirmed that, in their opinion, the company will be able to meet its liabilities as they fall due for the foreseeable future (being a period not less than twelve months) due to their continued financial support of the company. Consequently, the company is considered to be a going concern.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 10 (2024 - 10 ) .

Square One Network Limited (Registered number: 09461046)

Notes to the Financial Statements - continued

for the Year Ended 30th April 2025

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| Plant and |  | and |  | Computer |

| machinery |  | fittings |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1st May 2024 | 1,339,476 |  | 662 |  | 6,710 |  | 1,346,848 |  |

| Additions | - |  | - |  | 760 |  | 760 |  |

| At 30th April 2025 | 1,339,476 |  | 662 |  | 7,470 |  | 1,347,608 |  |

| DEPRECIATION

| At 1st May 2024 | 1,339,476 |  | 662 |  | 2,236 |  | 1,342,374 |  |

| Charge for year | - |  | - |  | 2,490 |  | 2,490 |  |

| At 30th April 2025 | 1,339,476 |  | 662 |  | 4,726 |  | 1,344,864 |  |

| NET BOOK VALUE

| At 30th April 2025 | - |  | - |  | 2,744 |  | 2,744 |  |

| At 30th April 2024 | - |  | - |  | 4,474 |  | 4,474 |  |

5. | DEBTORS

| 30.4.25 |  | 30.4.24

£ | £ |

| Amounts falling due within one year:

| Trade debtors | 121,926 |  | 108,280 |  |

| Prepayments | 26,308 |  | 30,730 |  |

148,234 |  | 139,010 |  |

| Amounts falling due after more than one year:

| Amounts owed by group undertakings | - |  | 410,811 |  |

| Aggregate amounts | 148,234 |  | 549,821 |  |

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

| 30.4.25 |  | 30.4.24

£ | £ |

| Bank loans and overdrafts | 5,168 |  | 5,040 |  |

| Other loans | 3,851,581 |  | - |  |

| Trade creditors | 157,157 |  | 166,982 |  |

| Social security and other taxes | 17,894 |  | 21,437 |  |

| VAT | 85,872 |  | 72,412 |  |

| Other creditors | 6,762 |  | 2,709 |  |

| Accrued expenses | 3,296 |  | 2,750 |  |

4,127,730 |  | 271,330 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 30.4.25 |  | 30.4.24

£ | £ |

| Bank loans - 1-2 years | 5,299 |  | 5,168 |  |

| Bank loans - 2-5 years | 16,714 |  | 16,302 |  |

| Bank loans more 5 yr by instal | 967 |  | 6,679 |  |

| Other loans - 2-5 years | - |  | 3,700,855 |  |

22,980 |  | 3,729,004 |  |

Square One Network Limited (Registered number: 09461046)

Notes to the Financial Statements - continued

for the Year Ended 30th April 2025

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued

| 30.4.25 |  | 30.4.24

£ | £ |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans more 5 yr by instal | 967 |  | 6,679 |  |

8. | SECURED DEBTS

| The following secured debts are included within creditors:

| 30.4.25 |  | 30.4.24

£ | £ |

| Industrial Funding Loan | 3,851,581 |  | 3,700,855 |  |

| The Industrial Funding Loan is secured against the equity of the company.

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 30.4.25 |  | 30.4.24

| value: | £ | £ |

| 100 | Ordinary | £1 | 100 |  | 100 |  |

10. | RESERVES

| Retained

| earnings

£ |

| At 1st May 2024 | (3,206,122 | ) |

| Deficit for the year | (491,549 | ) |

| At 30th April 2025 | (3,697,671 | ) |