REGISTERED NUMBER: 10660625 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

ALPENITE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M Pecori

M Dalla Libera

REGISTERED OFFICE:

38 Craven Street

London

WC2N 5NG

REGISTERED NUMBER:

10660625 (England and Wales)

AUDITORS:

Belluzzo Audit Limited

Chartered Accountants and

Statutory Auditors

38 Craven Street

London

WC2N 5NG

FIXED ASSETS

Tangible assets

4

1,756

4,089

CURRENT ASSETS

Debtors

5

151,890

566,827

Cash at bank

882,545

544,497

1,034,435

1,111,324

CREDITORS

Amounts falling due within one year

6

(1,930,138

)

(1,302,830

)

NET CURRENT LIABILITIES

(895,703

)

(191,506

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(893,947

)

(187,417

)

CAPITAL AND RESERVES

Called up share capital

92,000

92,000

Retained earnings

(985,947

)

(279,417

)

SHAREHOLDERS' FUNDS

(893,947

)

(187,417

)

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 24 July 2026 and were signed on its behalf by:

M Pecori - Director

1.	STATUTORY INFORMATION

Alpenite Ltd 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.

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.

Turnover

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

In respect of long-term contract and contract for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced and is recognised by reference to the stage of completion.

Where the substance of a contract is that the contractual obligations are performed gradually over time, revenue is recognised as contract activity progresses to reflect the partial performance of our contractual obligations. The amount of revenue included reflects the accrual of the right to consideration as contract activity progresses by reference to value of the work performed.

Tangible fixed assets

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

Computer equipment: 33.33% on cost.

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if

appropriate or if there is an indication of a significant change since the last reporting date.

Financial instruments

Financial assets:

The company's financial assets comprise basic financial instruments, being trade and other receivables, amounts owed by group undertakings, cash and bank balances.

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of no more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months or less from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Trade, other receivable and amounts owed by group undertakings are measured at transaction price less any impairment. Any impairment loss is recognised in the Profit and Loss.

Financial assets are derecognised when contractual rights to the cash flows from the financial asset expires or are settled, or when substantially all the risks and rewards of ownership have been transferred.

Financial liabilities:

The company's financial liabilities comprise of basic financial liabilities, including trade and other payables. These are initially recognised at transaction price.

Trade payables 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 payment is due within one year or less. If not, they are presented as non-current liabilities.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled, or expires.

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.

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

The company made a loss after taxation of £706,530 (2024: £689,950) and has net liabilities of £893,947 as at December 2025 (2024: £187,417). The financial statements have been prepared on the going concern basis. The company is reliant on its immediate parent company Arsenalia GmbH for financial support.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

and 31 December 2025

15,453

DEPRECIATION

At 1 January 2025

11,364

Charge for year

2,333

At 31 December 2025

13,697

NET BOOK VALUE

At 31 December 2025

1,756

At 31 December 2024

4,089

5.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

82,028

277,462

Amounts owed by group undertakings

19,867

10,586

Amounts recoverable on contract

18,055

66,098

Other debtors

31,940

167,326

151,890

521,472

Amounts falling due after more than one year:

Other debtors

-

45,355

Aggregate amounts

151,890

566,827

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

30,110

54,604

Amounts owed to group undertakings

1,785,755

977,787

Taxation and social security

68,465

100,389

Other creditors

45,808

170,050

1,930,138

1,302,830

7.	LEASING AGREEMENTS

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

2025

2024

£

£

Within one year

2,270

3,075

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

The Report of the Auditors was unqualified.

Francesco Andreozzi (Senior Statutory Auditor)

for and on behalf of Belluzzo Audit Limited

9.	RELATED PARTY DISCLOSURES

During the year, the following fellow subsidiaries have sold services to Alpenite Ltd:

- Arsenalia Italia Srl (following the merger of Alpenite Srl, Arsenalia Digital Srl, Altitudo Srl, Ccelera Srl and Actabase Srl) for an amount of £843,971

- Amplize Srl for an amount of £99,531.

During the year, Alpenite Ltd has sold services to the following fellow subsidiaries:

- Arsenalia Switzerland Gmbh £5,162;

- Arsenalia France SAS for an amount of £8,929 and

- Arsenalia Italia Srl for an amount of £1,060.

At year end, the company owed to:

- Arsenalia Italia Srl (following the merger of Alpenite Srl, Arsenalia Digital Srl, Altitudo Srl, Ccelera Srl and Actabase Srl) a balance of £1,752,469 and

- Amplize Srl a net balance of £33,286.

At year end, the company was owed the following amounts by:

- Arsenalia Italia Srl a balance of £15,759

- Arsenalia France a net balance of £1,887 and

- Arsenalia Switzerland Gmbh a net balance of £2,222.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is ARSENALIA GMBH a company registered in Austria at the following address: Am Belvedere 4, Wien, 1100 Austria