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REGISTERED NUMBER: 09873350 (England and Wales)

| Unaudited Financial Statements |

| for the Period 1 December 2023 to 29 November 2024 |

| for |

| Grid North East Ltd |

| Grid North East Ltd (Registered number: 09873350) |

Contents of the Financial Statements

for the Period 1 December 2023 to 29 November 2024

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Grid North East Ltd |

Company Information

for the Period 1 December 2023 to 29 November 2024

| DIRECTORS: | P J Cusworth

| P A Foster

| REGISTERED OFFICE: | 48 Hart Lane

| Hartlepool

| Co. Durham

| TS26 8NL

| REGISTERED NUMBER: | 09873350 (England and Wales)

| ACCOUNTANTS: | SKS Bailey Group Limited

| Eshton Suite 2

| Wynyard Business Park

| Wynyard Avenue

| Billingham

| Cleveland

| TS22 5TB

| Grid North East Ltd (Registered number: 09873350) |

Balance Sheet

29 November 2024

| 2024 |  | 2023

| Notes | £ | £ |

Fixed assets

Tangible assets | 3 | - |  | 1,241 |  |

Current assets

Debtors | 4 | - |  | 6,008 |  |

Cash at bank | 12,962 |  | 17,036 |  |

12,962 |  | 23,044 |  |

Creditors

Amounts falling due within one year | 5 | (11,989 | ) | (13,227 | ) |

Net current assets | 973 |  | 9,817 |  |

Total assets less current liabilities | 973 |  | 11,058 |  |

Creditors

Amounts falling due after more than one year | 6 | (3,152 | ) | (6,226 | ) |

Net (liabilities)/assets | (2,179 | ) | 4,832 |  |

Capital and reserves

Called up share capital | 2 |  | 2 |  |

Retained earnings | 7 | (2,181 | ) | 4,830 |  |

Shareholders' funds | (2,179 | ) | 4,832 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 November 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 November 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.

| Grid North East Ltd (Registered number: 09873350) |

Balance Sheet - continued

29 November 2024

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 18 February 2026 and were signed on its behalf by:

P J Cusworth - Director

P A Foster - Director

| Grid North East Ltd (Registered number: 09873350) |

Notes to the Financial Statements

for the Period 1 December 2023 to 29 November 2024

1. | 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.

| 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 | - | 25% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Computer equipment | - | 33% on cost

| TAXATION

| Taxation for the period 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 period 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.

2. | EMPLOYEES AND DIRECTORS

| The average number of employees during the period was NIL (2023 - 2 ).

| Grid North East Ltd (Registered number: 09873350) |

Notes to the Financial Statements - continued

for the Period 1 December 2023 to 29 November 2024

3. | TANGIBLE FIXED ASSETS

| Plant and |  | Motor |  | Computer |

| machinery |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 December 2023 | 3,952 |  | 10,000 |  | 237 |  | 14,189 |  |

| Disposals | (3,952 | ) | (10,000 | ) | (237 | ) | (14,189 | ) |

| At 29 November 2024 | - |  | - |  | - |  | - |  |

| DEPRECIATION

| At 1 December 2023 | 3,601 |  | 9,110 |  | 237 |  | 12,948 |  |

| Eliminated on disposal | (3,601 | ) | (9,110 | ) | (237 | ) | (12,948 | ) |

| At 29 November 2024 | - |  | - |  | - |  | - |  |

| NET BOOK VALUE

| At 29 November 2024 | - |  | - |  | - |  | - |  |

| At 30 November 2023 | 351 |  | 890 |  | - |  | 1,241 |  |

4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Tax | - |  | 6,008 |  |

5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Bank loans and overdrafts | 3,074 |  | 2,998 |  |

| Other creditors | 70 |  | - |  |

| Directors' current accounts | 8,605 |  | 9,689 |  |

| Accrued expenses | 240 |  | 540 |  |

11,989 |  | 13,227 |  |

6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2024 | 2023 |

£ | £ |

| Bank loans - 1-2 years | 3,152 |  | 3,074 |  |

| Bank loans - 2-5 years | - |  | 3,152 |  |

3,152 |  | 6,226 |  |

| Grid North East Ltd (Registered number: 09873350) |

Notes to the Financial Statements - continued

for the Period 1 December 2023 to 29 November 2024

7. | RESERVES

| Retained

| earnings

£ |

| At 1 December 2023 | 4,830 |  |

| Deficit for the period | (7,011 | ) |

| At 29 November 2024 | (2,181 | ) |