REGISTERED NUMBER: 10568134 (England and Wales)

Strategic Report, Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Teknera Limited

Page

Company Information

1

Strategic Report

2

Report of the Directors

4

Statement of Comprehensive Income

5

Balance Sheet

6

Statement of Changes in Equity

7

Notes to the Financial Statements

8

DIRECTORS:

S Ougier

D Torpy

REGISTERED OFFICE:

76 King Street

Manchester

M2 4NH

REGISTERED NUMBER:

10568134 (England and Wales)

The directors present their strategic report for the year ended 31 December 2024.

REVIEW OF BUSINESS

The Company has changed its registered name from Anotech Energy Services Limited to Teknera Limited in May 2025. This change has been registered with Companies House.

All references to the Company throughout the Financial Statements reflect the new name, Teknera Limited.

PRINCIPAL RISKS AND UNCERTAINTIES

The ultimate parent undertaking of Teknera Limited is Alten SA, and the risks and uncertainties of Teknera Limited are linked to those of the group. The group risks and uncertainties are presented in the annual report of Alten SA. Copies of the group's consolidated annual report and financial statements may be obtained at the address included in note 13.

The company regularly reviews the risks that could have an adverse effect on its business, its financial position or its results (or its capacity to accomplish its objectives). Teknera Limited has a strong process in place to manage the mitigation of these risks through robust business continuity capabilities.

Among risks and uncertainties which are the most significant for the company are:

Credit/counterparty risk

Adverse economic conditions may lead to an increased number of our customers being unable to pay for existing or additional products and services. The company had to strengthen its procedures and resources to limit the increase in outstanding customer accounts and the risk of non-payment by customers. The company has also established internal procedures to assess the risk of customer insolvency during the pre-sales process and subsequently to efficiently collect these receivables.

Foreign exchange risk

Foreign currency denominated assets and liabilities give rise to potential, foreign exchange exposure. The company does not have formal arrangements to mitigate foreign exchange risks of the company's operations.

Liquidity risk

Liquidity risk is the risk that the company will not be able to meet its financial obligations as they fall due. A prudent liquidity management plan involves keeping a sufficient level of liquid assets. The company manages its working capital by recovering amounts from debtors when they become due and making use of their credit terms in relation to their liabilities. As and when it is required, the parent company provides additional working capital.

Health and Safety

Health and Safety of our staff is our number one priority.

The objective of the company is to unite all of the stakeholders around a safety culture, optimise the working conditions of employees, respect the requirements concerning Health and Safety standards and regulations.

This approach is based on:

- risk prevention, by identifying all risks to which employees may be exposed, raising employee awareness of those risks and measures to be taken for prevention and protection;

- training on Health and Safety procedures;

- putting in place personal protective equipment;

- monitoring regulations and standards, enabling the company to respond to and anticipate safety regulations as early as possible.

We communicate with our employees about any arrangements to put in place to control the risks associated with the coronavirus. Further mitigations include the strengthening of the health and safety procedures, reduction of exposure, journey management, information risk management as well as crisis management and business continuity measures. We conduct training and awareness campaigns for staff and provide travel and health advice and assistance while travelling.

GOING CONCERN AND FUTURE DEVELOPMENTS

Company has made no revenue in current and last year. However, the change in name of the Company reflects companies broadened vision. Teknera Limited has expanded its business strategy and market presence and it has started to provide management consultancy services in the year 2025.

Considering recent developments, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the Company has prepared the financial statements in going concern basis.

ON BEHALF OF THE BOARD:

D Torpy - Director

11 December 2025

The directors present their report with the financial statements of the company for the year ended 31 December 2024.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of management consultancy activities other than financial management.

DIRECTORS

S Ougier and D Torpy were appointed as directors after 31 December 2024 but prior to the date of this report.

P Bonhomme and D Federico ceased to be directors after 31 December 2024 but prior to the date of this report.

POST BALANCE SHEET EVENTS

There are no post balance sheet events.

DIRECTORS' RESPONSIBILITIES STATEMENT

The directors are responsible for preparing the directors' report, strategic report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law they have elected to prepare the financial statements in accordance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland.

Under Company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that year.

In preparing the financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgements and estimates that are reasonable and prudent;

- state whether applicable Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

- assess the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern; and

- use the going concern basis of accounting unless they either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so. As explained in note 2, the directors do not believe that it is not appropriate to prepare these financial statements on going concern basis.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are responsible for such internal controls as they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error, and have general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the Company and to prevent and detect fraud and other irregularities.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

D Torpy - Director

11 December 2025

TURNOVER

-

-

Administrative expenses

(41,983

)

(44,093

)

(41,983

)

(44,093

)

Other operating income

-

5,424

OPERATING LOSS

4

(41,983

)

(38,669

)

Interest payable and similar expenses

5

5,023

5,241

LOSS BEFORE TAXATION

(36,960

)

(33,428

)

Tax on loss

6

-

-

LOSS FOR THE FINANCIAL YEAR

(36,960

)

(33,428

)

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

(36,960

)

(33,428

)

FIXED ASSETS

Investments

7

-

62,238

CURRENT ASSETS

Debtors

8

126,708

122,074

Cash at bank

25,761

25,812

152,469

147,886

CREDITORS

Amounts falling due within one year

9

(56,147

)

(76,842

)

NET CURRENT ASSETS

96,322

71,044

TOTAL ASSETS LESS CURRENT LIABILITIES

96,322

133,282

CAPITAL AND RESERVES

Called up share capital

10

50,000

50,000

Retained earnings

11

46,322

83,282

SHAREHOLDER FUNDS

96,322

133,282

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 11 December 2025 and were signed on its behalf by:

D Torpy - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 January 2023

50,000

116,710

166,710

Changes in equity

Total comprehensive income

-

(33,428

)

(33,428

)

Balance at 31 December 2023

50,000

83,282

133,282

Changes in equity

Total comprehensive income

-

(36,960

)

(36,960

)

Balance at 31 December 2024

50,000

46,322

96,322

1.	STATUTORY INFORMATION

Teknera 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.

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.

The company’s functional and presentation currency is the pound sterling.

Financial Reporting Standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

- the requirements of Section 7 Statement of Cash Flows;

- the requirement of paragraph 3.17(d);

- the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);

- the requirements of paragraphs 12.26, 12.27, 12.29(a), 12.29(b) and 12.29A;

- the requirements of paragraphs 26.18(b), 26.19 to 26.21 and 26.23;

- the requirement of paragraph 33.7.

A qualifying entity (for the purposes of this FRS) may take advantage of the disclosure exemptions of Statement of Cash Flows, provided that it discloses in the notes to its financial statements:

(i) a brief narrative summary of the disclosure exemptions adopted; (Note 2) and

(ii) the name of the parent of the group in whose consolidated financial statements its financial statements are consolidated, and from where those financial statements may be obtained.(Note 13)

Preparation of consolidated financial statements

The financial statements contain information about Teknera Limited as an individual company and do not contain consolidated financial information as the parent of a group. The subsidiaries are excluded from the consolidation under Section 405 (2A) of the Companies Act 2006 as undertakings are not material taken together for the purposes of giving true and fair view in the context of the group. Financial statements of and Teknera Limited its subsidiary undertakings are included by full consolidation in the consolidated financial statements of its parent, Alten Europe Sarl, 40 Avenue Morizet, Boulogne Billancourt, Cedex 92513, France.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less impairment.

Financial assets

Basic financial assets, including trade and other receivables, cash and bank balances and investments, 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 profit or loss.

Financial liabilities

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

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.

Foreign currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Going concern

Company has made no revenue in current and last year. However, the change in name of the Company reflects companies broadened vision. Teknera Limited has expanded its business strategy and market presence and it has started to provide management consultancy services in the year 2025.

Considering recent developments, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the Company has prepared the financial statements in going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

31.12.24

31.12.23

£

£

Directors' remuneration

-

-

The directors of the company are also directors of other companies within Alten group. The directors' services to the company do not occupy a significant amount of time. As such the directors do not consider that they receive any remuneration for their incidental services to the company for the year ended 31/12/2024 and 31/12/2023.

4.	OPERATING LOSS

The operating loss is stated after charging:

31.12.24

31.12.23

£

£

Auditors' remuneration

2,233

19,459

5.

INTEREST PAYABLE AND SIMILAR EXPENSES

31.12.24

31.12.23

£

£

Other interest

(4,574

)

(5,257

)

Foreign exchange losses /gain

(449

)

16

(5,023

)

(5,241

)

6.

TAXATION

Analysis of the tax charge

No liability to UK corporation tax arose for the year ended 31 December 2024 nor for the year ended 31 December 2023.

Reconciliation of total tax charge included in profit and loss

The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

31.12.24

31.12.23

£

£

Loss before tax

(36,960

)

(33,428

)

Loss multiplied by the standard rate of corporation tax in the UK of 19% (2023 - 19%)

(7,022

)

(6,351

)

Effects of:

Expenses not deductible for tax purposes

665

173

Utilisation of tax losses

6,357

6,178

Total tax charge

-

-

7.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

62,238

Disposals

(62,140

)

Exchange differences

(98

)

At 31 December 2024

-

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

62,238

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Anotech DWC-LLC

Registered office: Business Center Logistics City,Dubai Aviation City, P.0.Box: 390667, Dubai, United Arab Emirates

Nature of business: management consultancy activities

%

Class of shares:

holding

Ordinary

100.00

31.12.24

31.12.23

£

£

Aggregate capital and reserves

-

(20,464

)

Loss for the year

-

(67,121

)

The Company has sold investment in Anotech DWC - LLC in July, 24 at cost.

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

12,059

12,059

Amounts owed by group undertakings

107,459

103,843

VAT

7,190

6,172

126,708

122,074

Amounts owed by Group undertakings include intercompany trade debtors and these are unsecured and interest free.

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

13,859

10,757

Amounts owed to group undertakings

18,673

4,919

Accruals and deferred income

23,615

61,166

56,147

76,842

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

50,000

Ordinary

1

50,000

50,000

11.

RESERVES

Retained

earnings

£

At 1 January 2024

83,282

Deficit for the year

(36,960

)

At 31 December 2024

46,322

12.	ULTIMATE PARENT COMPANY

The Company is a subsidiary undertaking of Alten Europe SARL which is the ultimate parent company incorporated in France. The ultimate controlling party is Alten SA.

The smallest and largest group in which the results of the company are consolidated is that headed by Alten SA, registered at 40 Avenue Andre Morizet, 92100 Boulogne-Billancourt. The consolidated financial statements of the group are publicly available and can be obtained from the registered address.

13.	RELATED PARTY DISCLOSURES