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REGISTERED NUMBER: 14236382 (England and Wales)

AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

CEI ENGLAND LIMITED

| CEI ENGLAND LIMITED (REGISTERED NUMBER: 14236382) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| CEI ENGLAND LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 JULY 2024

| DIRECTORS: | D Raja

| E Doyle

| SECRETARY: | D Raja

| REGISTERED OFFICE: | 6th Floor

| 2 London Wall Place

| London

| EC2Y 5AU

| REGISTERED NUMBER: | 14236382 (England and Wales)

| AUDITORS: | Clive Shedd & Co.

| Statutory Auditor

| Chartered Accountants

| 232 Sladepool Farm Road

| Birmingham

| B14 5EE

| ACCOUNTANTS: | MHA

| 2 London Wall Place

| London

| EC2Y 5AU

| CEI ENGLAND LIMITED (REGISTERED NUMBER: 14236382) |

BALANCE SHEET

31 JULY 2024

| 2024 |  | 2023

| Notes | £ | £ |

CURRENT ASSETS

Debtors | 4 | 94,017 |  | 1,013 |  |

Cash at bank | 75,305 |  | 16,805 |  |

169,322 |  | 17,818 |  |

CREDITORS

Amounts falling due within one year | 5 | 387,891 |  | 96,668 |  |

NET CURRENT LIABILITIES | (218,569 | ) | (78,850 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (218,569 | ) | (78,850 | ) |

CREDITORS

Amounts falling due after more than one year | 6 | 10,640 |  | 5,320 |  |

NET LIABILITIES | (229,209 | ) | (84,170 | ) |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | (229,309 | ) | (84,270 | ) |

(229,209 | ) | (84,170 | ) |

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 November 2025 and were signed on its behalf by:

E Doyle - Director

| CEI ENGLAND LIMITED (REGISTERED NUMBER: 14236382) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

1. | STATUTORY INFORMATION

| CEI England 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 company's functional and presentation currency is the pound sterling and the financial statements are rounded to the nearest pound.

| The significant accounting policies applied in the presentation of these financial statements are set out below.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the requirements of the Companies Act 2006. The disclosure requirements of section 1A of Financial Report Standard 102 have been applied other than where additional disclosure is required to show a true and fair view.

| The following principal accounting policies have been applied:

| Debtors

| Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs and are measured subsequently at amortised cost using the effective interest method, less any impairment.

| Cash and cash equivalents

| Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

| Creditors

| Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

| Financial instruments

| The company has elected to apply the provisions of Section 11 "Basic Financial Instruments" of Financial Reporting Standard 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 assets

| Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

| Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

| CEI ENGLAND LIMITED (REGISTERED NUMBER: 14236382) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2024

2. | ACCOUNTING POLICIES - continued

| Other financial assets

| Other financial assets, which include investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

| Impairment of financial assets

| Financial assets are assessed for indicators of impairment at each reporting date.

| Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest date.

| If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

| Financial liabilities

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

| Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

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

| Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

| Revenue

| Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

| Rendering of services

| Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

| The amount of revenue can be measured reliably;

| It is probable that the company will receive the consideration due under the contract;

| The stage of completion of the contract at the end of the reporting period can be measured reliably; and

| The costs incurred and the costs to complete the contract can be measured reliably.

| CEI ENGLAND LIMITED (REGISTERED NUMBER: 14236382) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2024

2. | ACCOUNTING POLICIES - continued

| Defined contribution pension plan

| The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

| The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the company in independently administered funds.

| Employee benefits

| When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the amount expected to be paid in exchange for that service.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 5 (2023 - 1 ) .

4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Trade debtors | 94,017 |  | - |  |

| Other debtors | - |  | 1,013 |  |

94,017 |  | 1,013 |  |

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

2024 | 2023 |

£ | £ |

| Trade creditors | 5,626 |  | 3,132 |  |

| Amounts owed to group undertakings | 291,653 |  | 81,271 |  |

| Taxation and social security | 77,094 |  | 2,775 |  |

| Other creditors | 6,016 |  | 2,030 |  |

| Accruals and deferred income | 7,502 |  | 7,460 |  |

387,891 |  | 96,668 |  |

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

2024 | 2023 |

£ | £ |

| Accruals and deferred income | 10,640 |  | 5,320 |  |

7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| Clive Shedd FCA (Senior Statutory Auditor)

| for and on behalf of Clive Shedd & Co.

| CEI ENGLAND LIMITED (REGISTERED NUMBER: 14236382) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2024

8. | PENSION COMMITMENTS

| The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £10,781 (2023: £1,929). Contributions totalling £6,006 (2023: £2,020) were payable to the fund at the balance sheet date and are included in creditors.

9. | RELATED PARTY TRANSACTIONS

| Included in creditors is an amount of £291,653 (2023: £81,271) owed to Computer Enterprises Inc. of 1000 Omega Drive, Pittsburgh, United States PA 15205. Computer Enterprises Inc. is a company registered in the United States who owns 100% of the issued share capital of CEI England Limited.

10. | CONTROLLING PARTY

| The ultimate controlling party is D Raja by virtue of his shareholding in the parent company, Computer Enterprises Inc.

11. | GOING CONCERN

| The loss for the financial year amounted to £145,039 and as at 31 July 2024 the company's balance sheet showed that current liabilities exceeded its current assets by £218,569.

| As at 31 July 2024 the company owed £291,653 to group undertakings (as shown in notes 5 and 8 to the financial statements) and as such is reliant on the continued support of its parent company. As at 31 July 2024 amounts owed to non group undertakings amounted to £106,878 (as shown in notes 5 and 6 to the financial statements).

| The company's parent company has provided the company with an undertaking that, for at least twelve months from the date of approval of these financial statements, they will continue to make available sufficient funds as are necessary to ensure the company will continue trading.

| Based on this undertaking, the directors of CEI England Limited believe that the company will have sufficient resources to continue in operational existence. The financial statements have been prepared on a going concern basis.