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REGISTERED NUMBER: 07945032 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 28 FEBRUARY 2025 |

| FOR |

| PROJECT-ION LTD. |

| PROJECT-ION LTD. (REGISTERED NUMBER: 07945032) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Report of the Accountants | 7 |

| PROJECT-ION LTD. |

COMPANY INFORMATION

FOR THE YEAR ENDED 28 FEBRUARY 2025

| DIRECTORS: | Ms H L Barker

| S N Pegg

| REGISTERED OFFICE: | 45 Queen Street

| Deal

| Kent

| CT14 6EY

| REGISTERED NUMBER: | 07945032 (England and Wales)

| ACCOUNTANTS: | Higson & Co (Deal) Ltd

| 45 Queen Street

| Deal

| Kent

| CT14 6EY

| PROJECT-ION LTD. (REGISTERED NUMBER: 07945032) |

BALANCE SHEET

28 FEBRUARY 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 3,605 |  | 4,516 |  |

Investments | 5 | 25,133 |  | 24,617 |  |

28,738 |  | 29,133 |  |

CURRENT ASSETS

Debtors | 6 | 4,474 |  | 4,924 |  |

Cash at bank | 60,753 |  | 37,391 |  |

65,227 |  | 42,315 |  |

CREDITORS

Amounts falling due within one year | 7 | 54,301 |  | 42,238 |  |

NET CURRENT ASSETS | 10,926 |  | 77 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 39,664 |  | 29,210 |  |

PROVISIONS FOR LIABILITIES | 984 |  | 856 |  |

NET ASSETS | 38,680 |  | 28,354 |  |

CAPITAL AND RESERVES

Called up share capital | 8 | 100 |  | 100 |  |

Fair value reserve | 9 | 4,034 |  | 3,647 |  |

Retained earnings | 34,546 |  | 24,607 |  |

SHAREHOLDERS' FUNDS | 38,680 |  | 28,354 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

| PROJECT-ION LTD. (REGISTERED NUMBER: 07945032) |

BALANCE SHEET - continued

28 FEBRUARY 2025

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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 November 2025 and were signed on its behalf by:

Ms H L Barker - Director

| PROJECT-ION LTD. (REGISTERED NUMBER: 07945032) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

1. | STATUTORY INFORMATION

| Project-Ion Ltd. 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 financial statements are presented in round pounds £ 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 as modified by the revaluation of certain assets.

| Turnover

| Turnover represents net invoiced sales of services, excluding value added tax.

| Tangible fixed assets

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

| Fixtures and fittings | - | 20% on reducing balance

| Computer equipment | - | 33% on cost

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 directors pension contributions represents company contributions in to the directors personal pension schemes and are charged to the profit and loss account in the period to which they relate.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2024 - 2 ) .

| PROJECT-ION LTD. (REGISTERED NUMBER: 07945032) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2025

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| and |  | Computer |

| fittings |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 March 2024 | 4,453 |  | 20,416 |  | 24,869 |  |

| Additions | - |  | 1,399 |  | 1,399 |  |

| At 28 February 2025 | 4,453 |  | 21,815 |  | 26,268 |  |

| DEPRECIATION

| At 1 March 2024 | 2,404 |  | 17,949 |  | 20,353 |  |

| Charge for year | 410 |  | 1,900 |  | 2,310 |  |

| At 28 February 2025 | 2,814 |  | 19,849 |  | 22,663 |  |

| NET BOOK VALUE

| At 28 February 2025 | 1,639 |  | 1,966 |  | 3,605 |  |

| At 29 February 2024 | 2,049 |  | 2,467 |  | 4,516 |  |

5. | FIXED ASSET INVESTMENTS

| Other

| investments

£ |

| COST OR VALUATION

| At 1 March 2024 | 24,617 |  |

| Revaluations | 516 |  |

| At 28 February 2025 | 25,133 |  |

| NET BOOK VALUE

| At 28 February 2025 | 25,133 |  |

| At 29 February 2024 | 24,617 |  |

| Cost or valuation at 28 February 2025 is represented by:

| Other

| investments

£ |

| Valuation in 2023 | 701 |  |

| Valuation in 2024 | 3,802 |  |

| Valuation in 2025 | 516 |  |

| Cost | 20,114 |  |

25,133 |  |

| PROJECT-ION LTD. (REGISTERED NUMBER: 07945032) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2025

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

2025 | 2024 |

£ | £ |

| Trade debtors | 3,659 |  | 4,148 |  |

| Prepayments | 815 |  | 776 |  |

4,474 |  | 4,924 |  |

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

2025 | 2024 |

£ | £ |

| Trade creditors | 836 |  | 240 |  |

| Tax | 27,533 |  | 20,943 |  |

| Social security and other taxes | 336 |  | 118 |  |

| VAT | 5,621 |  | 4,903 |  |

| Other creditors | 1,048 |  | - |  |

| Directors' current accounts | 17,590 |  | 14,997 |  |

| Accrued expenses | 1,337 |  | 1,037 |  |

54,301 |  | 42,238 |  |

8. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

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

9. | RESERVES

| Fair

| value

| reserve

£ |

| At 1 March 2024 | 3,647 |  |

| Revaluations | 387 |  |

| At 28 February 2025 | 4,034 |  |

| PROJECT-ION LTD. |

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF

PROJECT-ION LTD.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 28 February 2025 set out on pages one to ten and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Higson & Co (Deal) Ltd

45 Queen Street

Deal

Kent

CT14 6EY

Date: .............................................