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

The director of the company has elected not to include a copy of the income statement within the financial statements.

Baha Tech Limited is a private company limited by shares incorporated in England and Wales. The registered office is 72 Cannon Street, 6th FLoor, London, EC4N 6AE. .

Baha Tech Limited provides information technology and related support services to other companies within the UK and functions as part of an international group headquartered in Austria, supporting the wider group's operations through intra-group services.

The reporting period runs from the date of incorporation, 22 April 2024 to 30 April 2025, representing a 13-month period.

The financial statements have been prepared in accordance with Financial Reporting Standard 101 Reduced Disclosure Framework (“FRS 101”) and the Companies Act 2006.

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

The financial statements have been prepared under the historical cost convention.

The company has not taken advantage of the disclosure exemptions available under FRS 101 and has complied with the full disclosure requirements of applicable IFRS Accounting Standards.

The preparation of financial statements in conformity with FRS101 required the use of certain accounting estimates. It also requires management to exercise its judgement in the process of applying the company's accounting policies. These areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements, are disclosed in note 2.

In April 2024, the International Accounting Standards Board issued IFRS 18, Presentation and Disclosure in Financial Statements, which replaces IAS 1. IFRS 18 introduces new requirements for the presentation of the statement of profit or loss, including defined categories of income and expenses, new subtotals and enhanced disclosures relating to management-defined performance measures. The standard is effective for accounting periods beginning on or after 1 January 2027 and has not yet been endorsed for use in the UK. The directors are currently assessing the impact of the new standard on the company’s financial statements; however, it is not expected to have a material impact on the amounts reported, although it may affect presentation and disclosure.

In May 2024, the International Accounting Standards Board issued amendments to IFRS 9 and IFRS 7 in relation to the classification and measurement of financial instruments. The amendments clarify the assessment of contractual cash flow characteristics of financial assets, the timing of derecognition of financial assets and liabilities and introduce additional disclosure requirements. The amendments are effective for accounting periods beginning on or after 1 January 2026. The directors are currently assessing the impact of these amendments; however, they are not expected to have a material impact on the company’s financial statements.

Atruet the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The parent company, Baha Tech Holding AG, will provide such financial support as is necessary to enable the subsidiary to meet its obligations as they fall due and to continue its operations for the foreseeable future. The parent company has committed to not demand repayment of existing intercompany balances until the subsidiary is financially able to do so, and to provide additional funding as required for a period of not less than twelve months from the date of approval of these financial statements. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

Revenue represents amounts receivable from the Company’s parent undertaking and fellow group companies in respect of the provision of information technology and related support services. Such services are provided on a cost plus basis in accordance with intercompany agreements.

Revenue is recognised when the Company satisfies its performance obligations by providing services to group entities. As the services are provided on a continuous basis, revenue is recognised over time, reflecting the pattern in which the services are delivered.

The transaction price is based on the costs incurred in providing the services, plus an agreed mark-up, in accordance with the Company’s cost plus arrangement. Costs are recognised as incurred and revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the amount can be measured reliably.

Intercompany balances are settled in accordance with agreed group payment terms, and no significant financing component is considered to arise from these arrangements.

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

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument. Financial assets are classified into specified categories, depending on the nature and purpose of the financial assets.

At initial recognition, financial assets classified as fair value through profit and loss are measured at fair value and any transaction costs are recognised in profit or loss. Financial assets not classified as fair value through profit and loss are initially measured at fair value plus transaction costs.

Financial assets carried at amortised cost and FVOCI are assessed for indicators of impairment at each reporting end date.

The expected credit losses associated with these assets are estimated on a forward-looking basis. A broad range of information is considered when assessing credit risk and measuring expected credit losses, including past events, current conditions, and reasonable and supportable forecasts that affect the expected collectability of the future cash flows of the instrument.

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire, or when it transfers the financial asset and substantially all the risks and rewards of ownership to another entity.

The company recognises financial debt when the company becomes a party to the contractual provisions of the instruments. Financial liabilities are classified as either 'financial liabilities at fair value through profit or loss' or 'other financial liabilities'.

Other financial liabilities, including borrowings, trade payables and other short-term monetary liabilities, are initially measured at fair value net of transaction costs directly attributable to the issuance of the financial liability. They are subsequently measured at amortised cost using the effective interest method. For the purposes of each financial liability, interest expense includes initial transaction costs and any premium payable on redemption, as well as any interest or coupon payable while the liability is outstanding.

Financial liabilities are derecognised when, and only when, the company’s obligations are discharged, cancelled, or they expire.

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

The tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax is the tax expected to be payable or recoverable on differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit, and is accounted for using the balance sheet liability method. Deferred tax liabilities are generally recognised for all taxable temporary differences and deferred tax assets are recognised to the extent that it is probable that taxable profits will be available against which deductible temporary differences can be utilised. Such assets and liabilities are not recognised if the temporary difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

The costs of short-term employee benefits are recognised as an expense in the income statement. No asset is recognised as it does not generate future economic benefits for the company.

Payments to defined contribution retirement benefit schemes are charged as an expense when employees have rendered the service entitling them to the contributions.

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

No significant judgements or estimates have been made during the period.

The Company operates as a single operating segment, being the provision of information technology and related support services to group undertakings. This is consistent with the internal reporting provided to the chief operating decision maker.

The average monthly number of persons (excluding non-remunerated directors) employed by the company during the period was:

Credit risk arises principally from cash balances and amounts due from group undertakings. Cash is held with reputable financial institutions and the directors monitor the recoverability of receivables and group balances on an ongoing basis. The maximum exposure to credit risk at the reporting date is represented by the carrying amount of the financial assets in the balance sheet.

Amounts due from group undertakings are considered recoverable based on the financial position of the group and historic settlement experience.

The director considers that the carrying amounts of financial liabilities carried at amortised cost in the financial statements approximate to their fair values.

The company does not hold any financial instruments measured at fair value.

Liquidity risk is managed by monitoring the company’s cash requirements and maintaining access to funding from group undertakings where required. The company’s financial liabilities are generally due within one year, unless otherwise stated.

The following table details the remaining contractual maturity for the company's financial liabilities with agreed repayment periods. The contractual maturity is based on the earliest date on which the company may be required to pay.

The company’s exposure to market risk is limited. The directors do not consider that the company has material exposure to interest rate risk or foreign currency risk at the reporting date and therefore no sensitivity analysis has been presented.

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon during the current and prior reporting period.

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

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 is unqualified and includes the following:

In our opinion the financial statements:

• give a true and fair view of the state of the Company's affairs as at 30 April 2025 and of its loss for the period then ended;

• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

• have been prepared in accordance with the requirements of the Companies Act 2006.

The key management personnel of the company are considered to be the directors. No compensation was paid to key management personnel during the period.

During the period the company entered into the following transactions with related parties:

All transactions with related parties were carried out on normal commercial terms and conditions.

The following amounts were outstanding at the reporting end date:

Baha Tech Limited is a wholly owned subsidiary of Baha Tech Holding AG, a company incorporated in Liechtenstein. The registered office of the immediate parent undertaking is Beckagässli 2, Vaduz, LI-11, 9490, Liechtenstein.

The parent undertaking does not prepare consolidated financial statements that are publicly available. Accordingly, consolidated financial statements for the group are not available for public use.

The ultimate party is Christian Baha, who owns 100% of Baha Tech Holding AG.