The directors of the company have elected not to include a copy of the profit and loss account within the financial statements in accordance with section 444 of the Companies Act 2006.true

For the financial year ended 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Higasp Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 25 Bury Street, St. James's, London, SW1Y 6AL.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Listed investments are recognised initially at cost and are subsequently measured at fair value through the profit and loss account.

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks.

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows:

Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost.

Where investments are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.

All other financial instruments are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.

Financial assets that are measured at cost or amortised cost, which includes debtors and cash, are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

The average monthly number of persons (including directors) employed by the company during the year was:

Dividends declared before the year end but received after the year end have been recognised as income in these financial statements in accordance with FRS 102.

The loan notes issued to a Director are unsecured and have a redemption date of 30 June of a calendar year beginning from the year 2041 up to and including the year 2050.

Included within creditors are loans from directors totaling £22,950,215. Interest accrued on the principal at the Bank of England base rate plus 3% up to 9 January 2024. From the 10 January 2024 interest on the principal accrued at the lower of the Bank of England base rate plus 0.75% and 6%. At the balance sheet date interest of £548,534 had been accrued but not yet paid. The interest was subsequently paid in August 2025.