Unaudited Financial Statements for the Year Ended 2 8 February 2025

f or

Prax Air Limited

Prax Air Limited

Conten ts of the Financial Statements

f or the Year Ended 28 February 2025

| page
Company I nformation | 3
Balance Sheet | 4
Note to the Financial Statements | 5

Prax Air Limited

Company Information

for the Year Ended 2 8 February 2 0 2 5

DIRECTOR: | Nicholas Pike
SECRETARY: | Elemental Company Secretary Limited
REGISTERED OFFICE: | Harvest House Horizon Business Village
| 1 Brooklands Road
| Weybridge
| S urre y
| KT13 0TJ
REGISTERED NUMBER: | 13776115 (England and Wales)

Prax Air Limited

Balance Sheet

28 February 2025

|  | 28.2.25 | 29.2.24
| Notes | £ | £
CURRENT ASSETS |  |  |
Cash in hand |  | 2 | 2
TOTAL ASSETS L ESS CURRENT LIABILITIES |  | 2 | 2
CAPITA L AND RESERVES |  |  |
Called up share capital | 4 | 2 | 2
SHAREHOLDERS' FUNDS |  | 2 | 2

The company is entitled to exemption from audit under Section 480 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 an d
(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 20 0 6 relating to financial statements, so far a s applicable to the company.

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

In accordance with Section 444 of t he Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director an d authorised for issue o n

8 February 2026 and were signed by:

………………………………………….

Nicholas Pike – Director

Prax Air Limited

The notes form part of these financial statements

Notes to the Financial Statements

for the Year Ended 28 February 2025

1. STATUTORY INFORMATION

Prax Air 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 co s t convention.

3. EMPLOYEES AND DIRECTORS

The average number of employees during lite year was NIL (2024 - N IL).

4. C ALLED UP SHARE CAPITA L

Allotted, issued and fully paid: |  |  |
Number: | Class: | Nominal | 28.2.25 | 2 9.2.2 4
|  | value: | £ | £
2 | Ordinary Shares | 1 | 2 | 2

5. ULTIMATE CONTROLLING PARTY

The company's immediate parent company is Slate Oil Limited. a company registered in England and Wales. The company's ultimate parent undertaking is Prax Group Holdings Limited, a company registered in England and Wales.

The ultimate controlling parties were Mr Winston Sanj ee v Kumar Soosaipillai and Mrs Arani S oosaipillai by virtue of being joint shareholders o f Prax Group Holdings Limited.

6. POST B ALANCE SHEET EVENTS

State Oil Limited, previously the company’s immediate parent undertaking, entered administration on 30 June 2025. Aa a result, the company became an immediate subsidiary of Prax Group Limited, with Prax Group Holdings Limited identified as the ultimate parent undertaking.

V.1.0 FINTAGS 01 March 2024 28 February 2025 28 February 2025 08 February 2026 0 0 01 March 2023 29 February 2024 Winston Sanjeev Kumar Soosaipillai and Arani Soosaipillai. true No description of principal activity false true true false false iso4217:GBP xbrli:pure xbrli:shares iso4217:GBP xbrli:shares 13776115 2024-03-01 2025-02-28 13776115 bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 13776115 bus:RegisteredOffice 2024-03-01 2025-02-28 13776115 2025-02-28 13776115 2024-02-29 13776115 core:ShareCapital 2025-02-28 13776115 core:ShareCapital 2024-02-29 13776115 bus:Director1 2024-03-01 2025-02-28 13776115 bus:CompanySecretary1 2024-03-01 2025-02-28 13776115 2023-03-01 2024-02-29 13776115 bus:SmallEntities 2024-03-01 2025-02-28 13776115 bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 13776115 bus:FullAccounts 2024-03-01 2025-02-28 13776115 curr:PoundSterling 2024-03-01 2025-02-28 13776115 bus:CalendarYear 2024-03-01 2025-02-28 13776115 1 2024-03-01 2025-02-28 13776115 bus:SmallCompaniesRegimeForDirectorsReport 2024-03-01 2025-02-28 13776115 bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 13776115 bus:EntityHasNeverTraded 2024-03-01 2025-02-28