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REGISTERED NUMBER: 15437974 (England and Wales)

MIDPORT LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2025

MIDPORT LIMITED (REGISTERED NUMBER: 15437974)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2025

| Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |  | to |  | 6

MIDPORT LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31ST DECEMBER 2025

| DIRECTORS: | J M Agerlund

| N Mejer

| J M Mejer

| REGISTERED OFFICE: | Unit 2 Coffin Works

| 13-15 Fleet Street

| Birmingham

| B3 1JP

| REGISTERED NUMBER: | 15437974 (England and Wales)

| AUDITORS: | J W Hinks LLP

| 19 Highfield Road

| Edgbaston

| Birmingham

| West Midlands

| B15 3BH

MIDPORT LIMITED (REGISTERED NUMBER: 15437974)

BALANCE SHEET

31ST DECEMBER 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 6,742 |  | 11,144 |  |

CURRENT ASSETS

Debtors | 5 | 25,064 |  | 52,570 |  |

Cash at bank | 105,414 |  | 90,170 |  |

130,478 |  | 142,740 |  |

CREDITORS

Amounts falling due within one year | 6 | 574,391 |  | 384,312 |  |

NET CURRENT LIABILITIES | (443,913 | ) | (241,572 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (437,171 | ) | (230,428 | ) |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | (437,271 | ) | (230,528 | ) |

(437,171 | ) | (230,428 | ) |

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 9th March 2026 and were signed on its behalf by:

N Mejer - Director

MIDPORT LIMITED (REGISTERED NUMBER: 15437974)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2025

1. | STATUTORY INFORMATION

| Midport 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

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.

| Revenue

| Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

| Rendering of services

| Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

| - the amount of revenue can be measured reliably;

| - it is probable that the company will receive the consideration due under the contract;

| - the stage of completion of the contract at the end of the reporting period can be measured reliably; and

| - the costs incurred and the costs to complete the contract can be measured reliably.

| Tangible fixed assets

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

| Office Equipment - 33% on cost

| Computer equipment - 33% on cost

| 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.

MIDPORT LIMITED (REGISTERED NUMBER: 15437974)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST DECEMBER 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the leasee's benefit from the use of the leased asset.

| 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.

| Going concern

| The company meets its day to day working capital requirements through funding provided by its parent company. The company's parent company, Midport Holding AB, has pledged to provide such support as is required to enable the company to continue its activities for the foreseeable future.

| Interest income

| Interest income is recognised in profit or loss using the effective interest method.

| Debtors, creditors, cash and cash equivalents

| Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

| Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

| Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than 3 months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 7 (2024 - 5 ) .

MIDPORT LIMITED (REGISTERED NUMBER: 15437974)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST DECEMBER 2025

4. | TANGIBLE FIXED ASSETS

| Computer

| and

| office

| equipment

£ |

| COST

| At 1st January 2025

| and 31st December 2025 | 13,603 |  |

| DEPRECIATION

| At 1st January 2025 | 2,459 |  |

| Charge for year | 4,402 |  |

| At 31st December 2025 | 6,861 |  |

| NET BOOK VALUE

| At 31st December 2025 | 6,742 |  |

| At 31st December 2024 | 11,144 |  |

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

2025 | 2024 |

£ | £ |

| Trade debtors | 8,731 |  | 1,426 |  |

| Amounts owed by group undertakings | 9,429 |  | 44,350 |  |

| Other debtors | 6,904 |  | 6,794 |  |

25,064 |  | 52,570 |  |

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

2025 | 2024 |

£ | £ |

| Trade creditors | 447 |  | 3,665 |  |

| Amounts owed to group undertakings | 550,000 |  | 350,000 |  |

| Taxation and social security | 14,709 |  | 16,295 |  |

| Other creditors | 9,235 |  | 14,352 |  |

574,391 |  | 384,312 |  |

7. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

2025 | 2024 |

£ | £ |

| Within one year | 2,808 |  | 11,232 |  |

| Between one and five years | - |  | 1,872 |  |

2,808 |  | 13,104 |  |

MIDPORT LIMITED (REGISTERED NUMBER: 15437974)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST DECEMBER 2025

8. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| James Cruse FCA, FCCA (Senior Statutory Auditor)

| for and on behalf of J W Hinks LLP

9. | RELATED PARTY DISCLOSURES

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

10. | CONTROLLING PARTY

| The controlling party is Midport Holding AB.

| The company's parent company is Midport Holding AB, a company registered in Sweden. Midport Holding AB is primarily owned by Ruby Scott Capital Invest AB, a company also registered in Sweden, who prepares consolidated financial statements for the group. There is no one individual controlling party.