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Company registration number: 11048211
Audio Technology Ltd
Unaudited filleted financial statements
31 December 2025
Audio Technology Ltd
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Audio Technology Ltd
Directors and other information

| Directors | Mr Ajay Baburao Shirke |
|  | Mr Paul Stephen Fenton | (Appointed 2 May 2025)
| Company number | 11048211 |
| Registered office | C/O Nagle James Associates Limited |
|  | 4th Floor Kings Suite, Amba House, 15 College Road |
|  | Harrow |
|  | Middlesex, UK |
|  | HA1 1BA |
| Accountants | Nagle James Assoicates Limited |
|  | Amba House 4th Floor, Kings Suite |
|  | 15 College Road |
|  | Harrow |
|  | Middlesex |
|  | HA1 1BA |

Audio Technology Ltd
Statement of financial position
31 December 2025

|  |  | 31/12/25 |  |  |  | 30/11/24 |  |
|  | Note | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |  |
Investments |  | 4 | 4,867,046 |  |  |  | - |  |
|  |  | _______ |  |  |  | _______ |  |
|  |  |  |  | 4,867,046 |  |  |  | -
Current assets |  |  |  |  |  |  |  |  |
Debtors |  | 5 | 167,817 |  |  |  | - |  |
Cash at bank and in hand |  |  | 1,000,071 |  |  |  | 67 |  |
|  |  | _______ |  |  |  | _______ |  |
|  |  | 1,167,888 |  |  |  | 67 |  |
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
within one year |  | 6 | ( 728,763) |  |  |  | ( 700) |  |
|  |  | _______ |  |  |  | _______ |  |
Net current assets/(liabilities) |  |  |  |  | 439,125 |  |  |  | ( 633)
|  |  |  |  | _______ |  |  |  | _______
Total assets less current liabilities |  |  |  |  | 5,306,171 |  |  |  | ( 633)
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
after more than one year |  | 7 |  |  | ( 4,377,806) |  |  |  | -
|  |  |  |  | _______ |  |  |  | _______
Net assets/(liabilities) |  |  |  |  | 928,365 |  |  |  | ( 633)
|  |  |  |  | _______ |  |  |  | _______
Capital and reserves |  |  |  |  |  |  |  |  |
Called up share capital |  |  |  |  | 1 |  |  |  | 1
Profit and loss account |  |  |  |  | 928,364 |  |  |  | ( 634)
|  |  |  |  | _______ |  |  |  | _______
Shareholders funds/(deficit) |  |  |  |  | 928,365 |  |  |  | ( 633)
|  |  |  |  | _______ |  |  |  | _______

For the period ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 28 July 2026 , and are signed on behalf of the board by:
Mr Ajay Baburao Shirke
Director
Company registration number: 11048211
Audio Technology Ltd
Statement of changes in equity
Period ended 31 December 2025

|  | Called up share capital |  | Profit and loss account | Total |  |  |  |  |
|  | £ |  | £ | £ |  |  |  |  |
At 1 December 2023 |  | 1 |  | - | 1 |  |  |  |  |
Profit/(loss) for the period |  |  |  | ( 634) | ( 634) |  |  |  |  |
|  | _______ |  | _______ | _______ |  |  |  |  |
Total comprehensive income for the period |  | - |  | ( 634) | ( 634) |  |  |  |  |
|  | _______ |  | _______ | _______ |  |  |  |  |
At 30 November 2024 and 1 December 2024 |  | 1 |  | ( 634) | ( 633) |  |  |  |  |
Profit/(loss) for the period |  |  |  | 928,998 | 928,998 |  |  |  |  |
|  | _______ |  | _______ | _______ |  |  |  |  |
Total comprehensive income for the period |  | - |  | 928,998 | 928,998 |  |  |  |  |
|  | _______ |  | _______ | _______ |  |  |  |  |
At 31 December 2025 |  | 1 |  | 928,364 | 928,365 |  |  |  |  |
|  | _______ |  | _______ | _______ |  |  |  |  |

Audio Technology Ltd
Notes to the financial statements
Period ended 31 December 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is C/O Nagle James Associates Limited, 4th Floor Kings Suite, Amba House, 15 College Road, Harrow, Middlesex, UK, HA1 1BA.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
The financial statements present information about the company as an individual entity and not about its group.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Income from shares in group undertakings
Dividend income from subsidiary undertakings is recognised in the profit and loss account when the Company’s right to receive payment has been established.
4. Investments

|  | Shares in group undertakings and participating interests | Total |  |  |  |
|  | £ | £ |  |  |  |
| Cost |  |  |  |  |  |
| At 1 December 2024 | - | - |  |  |  |
| Additions | 4,867,046 | 4,867,046 |  |  |  |
|  | _______ | _______ |  |  |  |
| At 31 December 2025 | 4,867,046 | 4,867,046 |  |  |  |
|  | _______ | _______ |  |  |  |
| Impairment |  |  |  |  |  |
| At 1 December 2024 and 31 December 2025 | - | - |  |  |  |
|  | _______ | _______ |  |  |  |
| Carrying amount |  |  |  |  |  |
| At 31 December 2025 | 4,867,046 | 4,867,046 |  |  |  |
|  | _______ | _______ |  |  |  |
| At 30 November 2024 | - | - |  |  |  |
|  | _______ | _______ |  |  |  |

| Investments in group undertakings |  |  |  |
|  |  | Registered office | Class of share | Percentage of shares held
| Subsidiary undertakings |  |  |  |
| Spendor Audio Systems Limited |  | Unit 8 Selden Way, Advanced Manufacturing Park, Catcliffe, Rotherham, England, S60 5XA | Ordinary | 60
| International Audio Holding B.V. |  | Edisonweg 8, 6662 NW ELST | Ordinary | 65

5. Debtors

|  |  | 31/12/25 | 30/11/24
|  |  | £ | £
| Other debtors |  | 167,817 | -
|  |  | _______ | _______

6. Creditors: amounts falling due within one year

|  |  | 31/12/25 | 30/11/24
|  |  | £ | £
| Bank loans and overdrafts |  | 67,500 | -
| Trade creditors |  | 10,058 | -
| Other creditors |  | 651,205 | 700
|  |  | _______ | _______
|  |  | 728,763 | 700
|  |  | _______ | _______

7. Creditors: amounts falling due after more than one year

|  |  | 31/12/25 | 30/11/24
|  |  | £ | £
| Bank loans and overdrafts |  | 4,377,806 | -
|  |  | _______ | _______

8. Directors advances, credits and guarantees

| During the period the directors entered into the following advances and credits with the company: |  |  |  |  |  |
Period ended 31/12/25 |  |  |  |  |  |  |
|  | Balance brought forward | Advances /(credits) to the directors | Balance o/standing |  |  |
|  | £ | £ | £ |  |  |
| Mr Ajay Baburao Shirke | ( 100) | ( 647,745) | ( 647,845) |  |  |
|  | _______ | _______ | _______ |  |  |
Year ended 30/11/24 |  |  |  |  |  |  |
|  | Balance brought forward | Advances /(credits) to the directors | Balance o/standing |  |  |
|  | £ | £ | £ |  |  |
| Mr Ajay Baburao Shirke | - | ( 100) | ( 100) |  |  |
|  | _______ | _______ | _______ |  |  |