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REGISTERED NUMBER: 02374705 (England and Wales)

| Audited Financial Statements |

| for the Year Ended 31 December 2025 |

| for |

| Ocean Yacht Systems Limited |

| Ocean Yacht Systems Limited (Registered number: 02374705) |

Contents of the Financial Statements

for the Year Ended 31 December 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| Ocean Yacht Systems Limited |

Company Information

for the Year Ended 31 December 2025

| DIRECTOR: | M Madsen

| REGISTERED OFFICE: | Lester Aldridge Oxford Road

| Bournemouth

| England

| BH8 8EX

| REGISTERED NUMBER: | 02374705 (England and Wales)

| SENIOR STATUTORY AUDITOR: | Moganarden Chelvanaigum FCCA

| AUDITORS: | SKS Audit LLP

| 3 Sheen Road

| Richmond

| TW9 1AD

| Ocean Yacht Systems Limited (Registered number: 02374705) |

Balance Sheet

31 December 2025

| 2025 |  | 2024

| Notes | £ | £ |

Fixed assets

Tangible assets | 5 | 1,019 |  | 1,105 |  |

Current assets

Debtors | 6 | 572,627 |  | 644,271 |  |

Cash at bank | 74,982 |  | 6,194 |  |

647,609 |  | 650,465 |  |

Creditors

Amounts falling due within one year | 7 | (38,105 | ) | (41,931 | ) |

Net current assets | 609,504 |  | 608,534 |  |

Total assets less current liabilities | 610,523 |  | 609,639 |  |

Provisions for liabilities | (194 | ) | (210 | ) |

Net assets | 610,329 |  | 609,429 |  |

Capital and reserves

Called up share capital | 8 | 250,000 |  | 250,000 |  |

Retained earnings | 9 | 360,329 |  | 359,429 |  |

Shareholders' funds | 610,329 |  | 609,429 |  |

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 April 2026 and were signed by:

M Madsen - Director

| Ocean Yacht Systems Limited (Registered number: 02374705) |

Notes to the Financial Statements

for the Year Ended 31 December 2025

1. | STATUTORY INFORMATION

| The company is a private company limited by share capital, incorporated in England within the United Kingdom.

| The address of its registered office is:

| Lester Aldridge Oxford Road,

| Bournemouth,

| England,

| BH8 8EX

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

| The significant accounting policies applied in the preparation of the financial statements are set below. These policies have been consistently applied to all years unless stated otherwise.

2. | STATEMENT OF COMPLIANCE

| 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.

3. | 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.

| TAXATION

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 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.

| Ocean Yacht Systems Limited (Registered number: 02374705) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

3. | ACCOUNTING POLICIES - continued

| FOREIGN CURRENCY TRANSACTION & BALANCES

| Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date.

| Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rates prevailing on the initial transaction dates.

| Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

| 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.

| TURNOVER

| Turnover is recognised on a cost plus 10% approximately, based on all the expenses incurred by the company, during the year.

| TANGIBLE FIXED ASSET

| Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

| Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

| Computer and Equipments - 25% straight line method

| The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

| TRADE CREDITORS

| Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. lf there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

| Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

| PROVISION FOR LIABILITIES

| Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

| Provisions are charged as an expense to the Statement of income and retained earnings in the year that the company becomes aware of the obligation, and are measured at the best estimates at the Balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

| When payments are eventually made, they are charged to the provision carried in the Balance sheet.

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 3 (2024 - 2 ) .

| Ocean Yacht Systems Limited (Registered number: 02374705) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

5. | TANGIBLE FIXED ASSETS

| Computer

| equipment

£ |

| COST

| At 1 January 2025 | 1,490 |  |

| Additions | 327 |  |

| At 31 December 2025 | 1,817 |  |

| DEPRECIATION

| At 1 January 2025 | 385 |  |

| Charge for year | 413 |  |

| At 31 December 2025 | 798 |  |

| NET BOOK VALUE

| At 31 December 2025 | 1,019 |  |

| At 31 December 2024 | 1,105 |  |

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

2025 | 2024 |

£ | £ |

| Amounts owed by group undertakings | 571,505 |  | 643,452 |  |

| VAT | 1,122 |  | 819 |  |

572,627 |  | 644,271 |  |

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

2025 | 2024 |

£ | £ |

| Trade creditors | 9,188 |  | 15,048 |  |

| Other creditors | 2,600 |  | 6,403 |  |

| Corporation tax | 9,443 |  | 4,257 |  |

| Social security and other tax | 10,474 |  | 10,123 |  |

| Accruals and deferred income | 6,400 |  | 6,100 |  |

38,105 |  | 41,931 |  |

8. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 250,000 | Ordinary | £1 | 250,000 |  | 250,000 |  |

| Ocean Yacht Systems Limited (Registered number: 02374705) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

9. | RESERVES

| Retained

| earnings

£ |

| At 1 January 2025 | 359,429 |  |

| Profit for the year | 30,900 |  |

| Dividends | (30,000 | ) |

| At 31 December 2025 | 360,329 |  |

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

| The Report of the Auditors was unqualified

| Moganarden Chelvanaigum FCCA (Senior Statutory Auditor)

| for and on behalf of SKS Audit LLP

11. | PENSION COMMITMENTS

| The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension costs charge represents contributions payable by the company to the fund and amounted to £7,919 (2024 - £3,082).

12. | RELATED PARTY DISCLOSURES

| During the year, the company had the following related party transactions;

| Crosshatch Limited

| At the year end, the immediate parent company, Crosshatch Limited owed the company £6,025 (2024: £4,225).

| BSI A/S

| During the year, the company received income of £435,000 (2024: £270,000) from BSI A/S, the ultimate parent company. At the year end, the company was owed £559,266 (2024: £624,266) from BSI A/S.

| Ocean Marine Systems Limited

| At the year end, Ocean Marine Systems Limited, a fellow subsidiary owed the company £6,214 (2024: £14,961).

| S B Petersen

| During the year, consultancy fees amounting to £38,932 (2024: £38,724) were paid to S B Petersen, a group company director.

13. | CONTROL

| The company is controlled by it's immediate UK parent entity, Crosshatch Limited and its ultimate parent company, BSI A/S, an entity incorporated in Denmark.