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REGISTERED NUMBER: 11502370 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 30TH NOVEMBER 2024 |

| FOR |

| TEYGON LIMITED |

| TEYGON LIMITED (REGISTERED NUMBER: 11502370) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH NOVEMBER 2024

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| TEYGON LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 30TH NOVEMBER 2024

| DIRECTOR: | Mrs H V Georgiou

| REGISTERED OFFICE: | 495 Green Lanes

| London

| N13 4BS

| REGISTERED NUMBER: | 11502370 (England and Wales)

| ACCOUNTANTS: | Avraam Associates Limited

| Chartered Accountants

| 495 Green Lanes

| London

| N13 4BS

| TEYGON LIMITED (REGISTERED NUMBER: 11502370) |

BALANCE SHEET

30TH NOVEMBER 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 244,960 |  | 320,606 |  |

Tangible assets | 5 | - |  | - |  |

244,960 |  | 320,606 |  |

CURRENT ASSETS

Debtors | 6 | 60,232 |  | 65,141 |  |

Cash at bank | - |  | 38 |  |

60,232 |  | 65,179 |  |

CREDITORS

Amounts falling due within one year | 7 | 2,087,183 |  | 2,085,585 |  |

NET CURRENT LIABILITIES | (2,026,951 | ) | (2,020,406 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (1,781,991 | ) | (1,699,800 | ) |

CAPITAL AND RESERVES

Called up share capital | 8 | 100 |  | 100 |  |

Retained earnings | (1,782,091 | ) | (1,699,900 | ) |

SHAREHOLDERS' FUNDS | (1,781,991 | ) | (1,699,800 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 director and authorised for issue on 7th April 2026 and were signed by:

Mrs H V Georgiou - Director

| TEYGON LIMITED (REGISTERED NUMBER: 11502370) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH NOVEMBER 2024

1. | STATUTORY INFORMATION

| Teygon 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.

| Related party exemption

| 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.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Trademarks and web domains are being amortised evenly over their estimated useful life of seven years.

| Development costs are being amortised evenly over their estimated useful life of seven years.

| Computer software is being amortised evenly over its estimated useful life of seven years.

| TEYGON LIMITED (REGISTERED NUMBER: 11502370) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30TH NOVEMBER 2024

2. | ACCOUNTING POLICIES - continued

| Development costs

| During the year development costs of NIL satisfying capitalisation criteria have been recognised. This amount will be amortised over seven years once the benefits start to flow to the company.

| Development costs incurred on software development are capitalised when all of the following conditions are satisfied:

| - Completion of the software module is technically feasible so that it will be available for use;

| - The group intends to complete the development of the software module and use it;

| - The software will be used to generate probable future economic benefits;

| - There are adequate technical, financial and other resources to complete the development and to use the software; and

| - The expenditure attributable to the software can be measured reliably.

| Management applies judgement based on information available at each balance sheet date when deciding whether the recognition criteria have been met, as the economic success of any development is uncertain and may be subject to future technical problems at the time of recognition. All development activities are subject to continual monitoring by management.

| The cost of internally generated intangibles comprises all directly attributable costs necessary to create, produce and prepare the intangible asset to be capable of operating in the manner intended by management. These costs include employee costs specifically incurred on software development.

| Amortisation commences upon completion of the intangible asset and the charge is shown within administrative expenses. Development expenditure is amortised over the period expected to benefit.

| Prior to completion of the intangible asset, costs capitalised are tested for impairment. After completion, the carrying amount is reviewed at each reporting date in accordance with group's impairment review procedures.

| Development costs not meeting the criteria for capitalisation are expensed as incurred.

| 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 etc | - | 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.

| TEYGON LIMITED (REGISTERED NUMBER: 11502370) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30TH NOVEMBER 2024

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.

| 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

| Support has been provided by loans from the parent company, Gahn Capital Limited, the directors of which have indicated that this support will continue for the foreseeable future. The directors, having considered the above and made due enquiries, continue to adopt the going concern basis in preparing the financial statements which assumes that the company will continue in operation for the foreseeable future.

3. | EMPLOYEES AND DIRECTORS

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

4. | INTANGIBLE FIXED ASSETS

| Trademarks |

| and web |  | Development |  | Computer |

| domains |  | costs |  | software |  | Totals

£ | £ | £ | £ |

| COST

| At 1st December 2023

| and 30th November 2024 | 19,500 |  | 480,026 |  | 30,000 |  | 529,526 |  |

| AMORTISATION

| At 1st December 2023 | 14,854 |  | 171,209 |  | 22,857 |  | 208,920 |  |

| Amortisation for year | 2,785 |  | 68,575 |  | 4,286 |  | 75,646 |  |

| At 30th November 2024 | 17,639 |  | 239,784 |  | 27,143 |  | 284,566 |  |

| NET BOOK VALUE

| At 30th November 2024 | 1,861 |  | 240,242 |  | 2,857 |  | 244,960 |  |

| At 30th November 2023 | 4,646 |  | 308,817 |  | 7,143 |  | 320,606 |  |

| TEYGON LIMITED (REGISTERED NUMBER: 11502370) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30TH NOVEMBER 2024

5. | TANGIBLE FIXED ASSETS

| Computer

| equipment

£ |

| COST

| At 1st December 2023

| and 30th November 2024 | 944 |  |

| DEPRECIATION

| At 1st December 2023

| and 30th November 2024 | 944 |  |

| NET BOOK VALUE

| At 30th November 2024 | - |  |

| At 30th November 2023 | - |  |

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

2024 | 2023 |

£ | £ |

| Amounts owed by group undertakings | 26,304 |  | 28,859 |  |

| Other debtors | 33,928 |  | 36,282 |  |

60,232 |  | 65,141 |  |

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

2024 | 2023 |

£ | £ |

| Trade creditors | 24,400 |  | 22,599 |  |

| Amounts owed to group undertakings | 1,882,601 |  | 1,880,970 |  |

| Taxation and social security | 9,651 |  | 9,651 |  |

| Other creditors | 170,531 |  | 172,365 |  |

2,087,183 |  | 2,085,585 |  |

8. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2024 | 2023 |

| value: | £ | £ |

| 100 | Ordinary | £1 | 100 |  | 100 |  |

9. | RELATED PARTY DISCLOSURES

| The controlling party is Gahn Capital Limited.

| The ultimate controlling party is Gahn Group Trading Limited.