REGISTERED NUMBER: 10868537 (England and Wales)

Financial Statements

for the Year Ended 31 July 2025

for

Baltic Broadband Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Prof M J Wilson

SECRETARY:

Miss S L Keating

REGISTERED OFFICE:

Sandhills Studios

51 Sandhills Lane

Liverpool

L5 9XJ

REGISTERED NUMBER:

10868537 (England and Wales)

ACCOUNTANTS:

SB&P

Chartered Accountants

Oriel House

2-8 Oriel Road

Bootle

Liverpool

Merseyside

L20 7EP

FIXED ASSETS

Intangible assets

4

1,315,468

582,863

Tangible assets

5

220,273

220,392

1,535,741

803,255

CURRENT ASSETS

Debtors

6

406,657

177,228

Cash at bank and in hand

405,787

459,456

812,444

636,684

CREDITORS

Amounts falling due within one year

7

280,262

216,875

NET CURRENT ASSETS

532,182

419,809

TOTAL ASSETS LESS CURRENT LIABILITIES

2,067,923

1,223,064

PROVISIONS FOR LIABILITIES

383,935

200,814

NET ASSETS

1,683,988

1,022,250

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

8

972,601

437,147

Retained earnings

711,287

585,003

1,683,988

1,022,250

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 January 2026 and were signed by:

Prof M J Wilson - Director

1.	STATUTORY INFORMATION

Baltic Broadband 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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are recognised at cost and have been measured under the revaluation model. After initial recognition, intangible assets are carried at there revalued amounts, being the fair value at the date of revaluation less any subsequent accumulated amortization and impairment losses.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST OR VALUATION

At 1 August 2024

582,863

Additions

14,000

Revaluations

718,605

At 31 July 2025

1,315,468

NET BOOK VALUE

At 31 July 2025

1,315,468

At 31 July 2024

582,863

Cost or valuation at 31 July 2025 is represented by:

Other

intangible

assets

£

Valuation in 2024

582,863

Valuation in 2025

732,605

1,315,468

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2024

455,095

Additions

64,134

At 31 July 2025

519,229

DEPRECIATION

At 1 August 2024

234,703

Charge for year

64,253

At 31 July 2025

298,956

NET BOOK VALUE

At 31 July 2025

220,273

At 31 July 2024

220,392

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Trade debtors

46,888

136,908

Amounts owed by group undertakings

346,037

3,715

Other debtors

13,732

36,605

406,657

177,228

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Trade creditors

34,322

38,313

Taxation and social security

125,676

169,431

Other creditors

120,264

9,131

280,262

216,875

8.

RESERVES

Fair

value

reserve

£

At 1 August 2024

437,147

Revaluation reserve

535,454

At 31 July 2025

972,601

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2025 and 31 July 2024:

31.7.25

31.7.24

£

£

Prof M J Wilson

Balance outstanding at start of year

(5,136

)

510

Amounts advanced

320,513

373,000

Amounts repaid

(324,371

)

(378,646

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(8,994

)

(5,136

)