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REGISTERED NUMBER: 13661818 (England and Wales)

Business Standard Assets Ltd

Unaudited Financial Statements

for the Year Ended 31 October 2024

| Business Standard Assets Ltd (Registered number: 13661818) |

Contents of the Financial Statements

for the year ended 31 October 2024

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| Business Standard Assets Ltd |

Company Information

for the year ended 31 October 2024

| Directors: | J P Roulet

| R L Chagaar

| Registered office: | 3rd Floor

| 86-90 Paul Street

| London

| EC2A 4NE

| Registered number: | 13661818 (England and Wales)

| Accountants: | Esher

| Business Standard Assets Ltd (Registered number: 13661818) |

Balance Sheet

31 October 2024

2024 | 2023 |

| Notes | € | € | € | €

Fixed assets

Investment property | 4 | 204,500 |  | 204,500 |  |

Current assets

Cash at bank | 71 |  | 9 |  |

Creditors

Amounts falling due within one year | 5 | 206,170 |  | 203,207 |  |

Net current liabilities | (206,099 | ) | (203,198 | ) |

Total assets less current liabilities | (1,599 | ) | 1,302 |  |

Capital and reserves

Called up share capital | 6 | 125 |  | 125 |  |

Retained earnings | 7 | (1,724 | ) | 1,177 |  |

Shareholders' funds | (1,599 | ) | 1,302 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 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 Board of Directors and authorised for issue on 23 January 2026 and were signed on its behalf by:

J P Roulet - Director

| Business Standard Assets Ltd (Registered number: 13661818) |

Notes to the Financial Statements

for the year ended 31 October 2024

1. | Statutory information

| Business Standard Assets 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.

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.

| Turnover

| Turnover comprises revenue recognised by the company in respect of rents receivable.

| Investment property

| Investment properties are included in the Balance sheet at their open market value in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) and are not depreciated. This treatment is contrary to the Companies Act 2006 which states that fixed assets should be depreciated but is, in the opinion of the directors, necessary in order to give a true and fair view of the financial position of the company.

| Going concern

| The company meets its day to day working capital requirements through the support of the directors and shareholders of the company. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis.

3. | Employees and directors

| The average number of employees during the year was 1 (2023 - 1 ) .

4. | Investment property

Total |

| €

| Fair value

| At 1 November 2023

| and 31 October 2024 | 204,500 |  |

| Net book value

| At 31 October 2024 | 204,500 |  |

| At 31 October 2023 | 204,500 |  |

| The investment property is valued by the director at 31 October 2024.

5. | Creditors: amounts falling due within one year |

2024 | 2023 |

| € | €

| Taxation and social security | 477 |  | 477 |  |

| Other creditors | 205,693 |  | 202,730 |  |

206,170 |  | 203,207 |  |

6. | Called up share capital

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2024 | 2023 |

value: |  | € | €

| 105 | Ordinary | £1 | 125 |  | 125 |  |

| Business Standard Assets Ltd (Registered number: 13661818) |

Notes to the Financial Statements - continued

for the year ended 31 October 2024

7. | Reserves

Retained |

earnings |

| €

| At 1 November 2023 | 1,177 |  |

| Deficit for the year | (2,901 | ) |

| At 31 October 2024 | (1,724 | ) |