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Registration number: 10948757

Blu Wireless Technology (EBT) Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 December 2024

Pages for filing with Registrar

Blu Wireless Technology (EBT) Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 5

Blu Wireless Technology (EBT) Limited

Company Information

Directors | H K Mardia A M C Crawford

Registered office | 4TH Floor 1 Tower Hill Bristol BS2 0JA

Registered number | 10948757

Accountants | Corrigan Accountants Limited 1st Floor 25 King Street Bristol BS1 4PB

Blu Wireless Technology (EBT) Limited

(Registration number: 10948757)
Balance Sheet as at 31 December 2024

| Note | 2024 £ | 2023 £
Fixed assets |  |  |
Investments | 4 | 4,380 | 220,000
Creditors: Amounts falling due within one year | 5 | (219,999) | (219,999)
Net (liabilities)/assets |  | (215,619) | 1
Capital and reserves |  |  |
Called up share capital |  | 1 | 1
Profit and loss account |  | (215,620) | -
Total equity |  | (215,619) | 1

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised for issue by the Board on 15 January 2026 and signed on its behalf by:

.........................................

A M C Crawford

Director

Blu Wireless Technology (EBT) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1 | Statutory information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
4TH Floor
1 Tower Hill
Bristol
BS2 0JA
England

2 | Accounting policies

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.
The financial statements are prepared in pounds sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Tax

The tax expense or credit for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at cost less impairment.

Amounts due to group undertakings

Amounts owed to group undertakings are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Blu Wireless Technology (EBT) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

2 | Accounting policies (continued)

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4 | Investments

| Unlisted investments £
Cost
At 1 January 2024 | 220,000
Impairment | 215,620
Carrying amount
At 31 December 2024 | 4,380
At 31 December 2023 | 220,000

Unlisted investments are held at cost less impairment as the fair value cannot be reliably determined.
The investment represents a holding of 2,189,936 Ordinary shares of the parent company, Blu Wireless Technology Limited. This holding represents 0.33% of the parent company's issued share capital.
in 2024 the company received an external valuation which valued the ordinary shares held as an investment at £0.002 per share, an impairment of £215,620.
During the year 27,212,500 Ordinary shares and 1,500,000 B Ordinary shares in the parent company were transferred to the company, no consideration was received for these shares

Blu Wireless Technology (EBT) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

5 | Creditors

|  | 2024 £ | 2023 £
Amounts owed to group undertakings |  | 219,999 | 219,999

6 | Share capital

Allotted, called up and fully paid shares

| 2024 | 2023
| No. | £ | No. | £
Ordinary shares of £0.01 each | 100 | 1 | 100 | 1

7 | Post balance sheet events

Subsequent to the year end 1,833,657 Ordinary shares and 101,285 B Ordinary shares in the parent company were transferred to the company, no consideration was received for these shares.