Company Registration No. 14702877 (England and Wales)
Breeze Acquisitions 2 Limited
(Formerly Tyrone Street Ltd)
Financial statements
for the year ended 31 March 2025
Pages for filing with the registrar
Breeze Acquisitions 2 Limited
(Formerly Tyrone Street Ltd)
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 6
Breeze Acquisitions 2 Limited
(Formerly Tyrone Street Ltd)
Statement of financial position
As at 31 March 2025
1
2025
2024
Notes
£
£
£
£
Fixed assets
Investments
3
3,763,477
-
0
Current assets
Debtors
5
1,029,679
-
0
Cash at bank and in hand
-
0
1
1,029,679
1
Creditors: amounts falling due within one year
6
(868,809)
-
0
Net current assets
160,870
1
Total assets less current liabilities
3,924,347
1
Creditors: amounts falling due after more than one year
7
(5,890,169)
-
0
Net (liabilities)/assets
(1,965,822)
1
Capital and reserves
Called up share capital
8
1
1
Profit and loss reserves
(1,965,823)
-
0
Total equity
(1,965,822)
1

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

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

The financial statements were approved by the board of directors and authorised for issue on 16 March 2026 and are signed on its behalf by:
Alex Hughes
Director
Company Registration No. 14702877
Breeze Acquisitions 2 Limited
(Formerly Tyrone Street Ltd)
Notes to the financial statements
For the year ended 31 March 2025
2
1
Accounting policies
Company information

Breeze Acquisitions 2 Limited is a private company limited by shares incorporated in England and Wales. The registered office is Units B & C, Broadlink, Middleton, Manchester, England, M24 1UB.

1.1
Reporting period

At the start of the financial year, the company transitioned from a dormant status to an active trading entity. Comparative figures from the prior period, when the company was dormant, will show no activity.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. T he company has therefore taken advantage of e xemptions from the following disclosure requirements:

- Section 7 ‘Statement of Cash Flows’: Presentation of a statement of cash flow and related notes and disclosures;

The financial statements of the company are consolidated in the financial statements of Breeze Strategic Services Limited. These consolidated financial statements are available from its registered office, Units B & C Broadlink, Middleton, Manchester, England, M24 1UB.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

The comparative figures for the year ended 31 March 2024 are unaudited.

1.3
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.4
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

Breeze Acquisitions 2 Limited
(Formerly Tyrone Street Ltd)
Notes to the financial statements (continued)
For the year ended 31 March 2025
1
Accounting policies (continued)
3

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
0
0
Breeze Acquisitions 2 Limited
(Formerly Tyrone Street Ltd)
Notes to the financial statements (continued)
For the year ended 31 March 2025
4
3
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
3,763,477
-
0
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 1 April 2024
-
Additions
4,970,322
Exchange differences
(235,548)
Impairments
(971,297)
At 31 March 2025
3,763,477
Carrying amount
At 31 March 2025
3,763,477
At 31 March 2024
-
4
Subsidiaries

Details of the company's subsidiaries at 31 March 2025 are as follows:

Name of undertaking
Address
Class of
% Held
shares held
Direct
Indirect
Breeze Acquisitions USA Limited
1
Ordinary
100
-
Breeze USA, Inc.
2
Ordinary
0
100
Biospherix Holdings LLC
2
Ordinary
0
60

Registered office addresses:

1
Units B & C Broadlink, Middleton, Manchester, England, M24 1UB
2
25 Union St, PO Box 279, Parish, NY 13131, USA
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
1,029,679
-
0
Breeze Acquisitions 2 Limited
(Formerly Tyrone Street Ltd)
Notes to the financial statements (continued)
For the year ended 31 March 2025
5
6
Creditors: amounts falling due within one year
2025
2024
£
£
Amounts owed to group undertakings
812,507
-
0
Other creditors
56,302
-
0
868,809
-
0
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
5,890,169
-
0

On 9 April 2024, £1 redeemable A loan notes of £4,802,693 were issued by the company to the company's ultimate controlling party, Breeze Investment Partners LLP. The loan notes accrue interest on the capital element only at 15% per annum until the loan notes are repaid and due on 31 March each year. The A loan notes are unsecured and repayable on 9 April 2034.

The interest accrued on the A loan notes to 31 March 2025, £702,641, was converted to fixed rate unsecured payment in kind loan notes and are recognised as A loan notes per the terms of the agreement. At the year end, £5,505,334 of A loan notes are in issue.

On 9 April 2024, £1 redeemable B loan notes of £384,835 were issued by the company to the company's ultimate controlling party, Breeze Investment Partners LLP. The loan notes accrue interest on the capital element only at 15% per annum until the loan notes are repaid and due on 31 March each year. The B loan notes are unsecured and repayable on 9 April 2034.

8
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of 1p each
100
100
1
1
9
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

Senior Statutory Auditor:
Diane Petit-Laurent FCA
Statutory Auditors:
Saffery LLP
Date of audit report:
16 March 2026
Breeze Acquisitions 2 Limited
(Formerly Tyrone Street Ltd)
Notes to the financial statements (continued)
For the year ended 31 March 2025
6
10
Ultimate controlling party

The company's immediate parent company is Breeze Strategic Services Limited.

The financial statements of the company are consolidated in the financial statements of Breeze Strategic Services Limited. These consolidated financial statements are available from its registered office, Units B & C Broadlink, Middleton, Manchester, England, M24 1UB. This is the largest and smallest group for which consolidated accounts are prepared in which the company's results are included in.

The ultimate controlling party is Breeze Investment Partners LLP.

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