Company No: 14074253 (England and Wales)

Contents

• Statement of Income and Retained Earnings
• Statement of Financial Position
• Notes to the Financial Statements
• Detailed Profit and Loss Account

		2025		2024
		£		£
Administrative expenses		( 77,141)		0
Other operating loss		( 157,307)		0
Operating loss		( 234,448)		0
Income from other fixed asset investments		163,345		0
Other non-operating income		6,422,075		0
Profit before interest and taxation		6,350,972		0
Interest receivable and similar income		44,956		0
Profit before taxation		6,395,928		0
Tax on profit		0		0
Profit for the financial year		6,395,928		0
Retained earnings at the beginning of financial year		0		0
Profit for the financial year		6,395,928		0
Retained earnings at the end of financial year		6,395,928		0

	Note	2025		2024
		£		£
Fixed assets
Investments	3	5,548,907		5
		5,548,907		5
Current assets
Debtors	4	804,519		0
Cash at bank and in hand	5	47,507		0
		852,026		0
Creditors: amounts falling due within one year	6	( 5,000)		0
Net current assets		847,026		0
Total assets less current liabilities		6,395,933		5
Net assets		6,395,933		5
Capital and reserves
Called-up share capital	7	5		5
Profit and loss account		6,395,928		0
Total shareholder's funds		6,395,933		5

Bawigatech Limited (registered number: 14074253) did not trade during the current or preceding financial year. There have been no movements in shareholders’ funds during the current or preceding financial year and therefore no Statement of Changes in Equity has been included. For the financial year ending 30 April 2025 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

• The member has not required the company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges 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 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A – small entities.

The financial statements of Bawigatech Limited (registered number: 14074253) were approved and authorised for issue by the Director. They were signed on its behalf by:

K N Pelc-Steenkamp Director

08 December 2025

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 year, unless otherwise stated.

General information and basis of accounting

Bawigatech Limited (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 35 Ballards Lane, London, N3 1XW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

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 Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, 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.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings/Statement of Comprehensive Income.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and 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.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the company during the year, including the director	1		1

3. Fixed asset investments

	Listed investments		Other investments		Total
	£		£		£
Cost or valuation before impairment
At 01 May 2024	0		5		5
Additions	12,314,383		81,766		12,396,149
Disposals	( 6,687,417)		( 5)		( 6,687,422)
Movement in fair value	( 159,825)		0		( 159,825)
At 30 April 2025	5,467,141		81,766		5,548,907
Carrying value at 30 April 2025	5,467,141		81,766		5,548,907
Carrying value at 30 April 2024	0		5		5

4. Debtors

	2025		2024
	£		£
Amounts owed by group undertakings	85,591		0
Amounts owed by director	13,959		0
Prepayments and accrued income	704,969		0
	804,519		0

5. Cash and cash equivalents

	2025		2024
	£		£
Cash at bank and in hand	47,507		0

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Other creditors	5,000		0

7. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
475,000 Ordinary shares of £ 0.00001 each	5		5

8. Related party transactions

Transactions with the entity's director

Included in debtors is £13,959 (2024 : £nil) owed by director. Interest has been charged at HMRC approved rates. The full amount of the loan was repaid within 9 months.

	2025		2024
	£		£
Administrative expenses
Travel and subsistence	( 51,801)		0
Printing, postage and stationery	( 593)		0
Bank charges	( 19)		0
Subscriptions	( 370)		0
Gain on foreign exchange transactions	1,032		0
Accountancy fees	( 7,431)		0
Client entertainment	( 2,402)		0
Management fees	( 15,557)		0
	(77,141)		0
Other operating loss
Loss on fair value movement of fixed asset investments	( 157,307)		0
Operating loss	( 234,448)		0
Income from other fixed asset investments	163,345		0
Other non-operating income	6,422,075		0
Profit before interest and taxation	6,350,972		0
Interest receivable and similar income
Bank interest receivable	44,829		0
Other loans interest receivable	127		0
	44,956		0
Profit before taxation	6,395,928		0