Company No: 14487999 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	R D S Alves
	A Apostolakis
	A Busse
	C M C P De Lacerda
	M Porter (Appointed 16 September 2024)

REGISTERED OFFICE	Carpenter Court 1 Maple Road
	Bramhall
	Stockport
	SK7 2DH
	United Kingdom

COMPANY NUMBER

14487999 (England and Wales)

ACCOUNTANT	S&W Partners LLP
	4th Floor EQ Building
	111 Victoria Street
	Redcliffe
	Bristol
	BS1 6AX

	Note	30.11.2024		30.11.2023
		£		£
Fixed assets
Investments	3	90		90
		90		90
Current assets
Debtors	4	9,256,792		3,395,231
		9,256,792		3,395,231
Creditors: amounts falling due within one year	5	( 87,431)		0
Net current assets		9,169,361		3,395,231
Total assets less current liabilities		9,169,451		3,395,321
Net assets		9,169,451		3,395,321
Capital and reserves
Called-up share capital	6	174		149
Share premium account		9,455,566		3,395,172
Profit and loss account		( 286,289 )		0
Total shareholders' funds		9,169,451		3,395,321

For the financial year ending 30 November 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Barte Ltd (registered number: 14487999) were approved and authorised for issue by the Board of Directors on 17 November 2025. They were signed on its behalf by:

C M C P De Lacerda Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Barte Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Carpenter Court 1 Maple Road, Bramhall, Stockport, Cheshire, SK7 2DH, United Kingdom.

The financial statements have been prepared in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

Going concern

The financial statements have been prepared on a going concern basis.

The directors have made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise on monetary items.

Fixed asset investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Trade and other 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.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

	Year ended 30.11.2024		Period from 16.11.2022 to 30.11.2023
	Number		Number
Monthly average number of persons employed by the Company during the year	0		0

3. Fixed asset investments

Investments in subsidiaries

	30.11.2024
	£
Cost
At 01 December 2023	90
At 30 November 2024	90
Carrying value at 30 November 2024	90
Carrying value at 30 November 2023	90

The investment above represents 100% of the share capital of the subsidiary company

4. Debtors

	30.11.2024		30.11.2023
	£		£
Amounts owed by Group undertakings	9,256,792		3,395,231

5. Creditors: amounts falling due within one year

	30.11.2024		30.11.2023
	£		£
Accruals	87,431		0

6. Called-up share capital

	30.11.2024		30.11.2023
	£		£
Allotted, called-up and fully-paid
8,725,616 Ordinary shares of £ 0.00001 each (30.11.2023: 9,000,000 shares of £ 0.00001 each)	87.26		90.00
2,550,570 Seed 1 Preferred preference shares of £ 0.00001 each (30.11.2023: nil shares)	25.51		0
763,451 Seed 2 Preferred preference shares of £ 0.00001 each (30.11.2023: nil shares)	7.63		0
2,586,877 Seed 3 Preferred preference shares of £ 0.00001 each (30.11.2023: nil shares)	25.87		0
2,760,480 Series A Preferred preference shares of £ 0.00001 each (30.11.2023: nil shares)	27.60		0
Nil Seed Preferred preference shares (30.11.2023: 5,900,898 shares of £ 0.00001 each)	0		59.01
	86.61		59.01
	173.87		149.01

On 16 September 2024, 5,900,898 Seed Preferred shares were reclassified as 2,550,570 Seed 1 Preferred shares, 763,451 Seed 2 Preferred shares, and 2,586,877 Seed 3 Preferred shares all with a nominal value of £0.00001 per share.

On 25 September 2024, 32,336 Ordinary shares were issued with a nominal value of £0.00001 per share.

On 30 September 2024, 9,201 Series A Preferred shares were issued with a nominal value of £0.00001 per share for proceeds of £2.46984 per share, resulting in a total premium of £22,725.

On 3 October 2024, 15,336 Series A Preferred shares were issued with a nominal value of £0.00001 per share for proceeds of £2.46984 per share, resulting in a total premium of £37,877.

On 9 October 2024, 2,429,223 Series A Preferred shares were issued with a nominal value of £0.00001 per share for proceeds of £2.46984 per share, resulting in a total premium of £5,999,792

On 7 November 2024, 306,720 Ordinary shares were reclassified as 306,720 Series A Preferred shares with a nominal value of £0.00001 per share.