REGISTERED NUMBER: 12320875 (England and Wales)

Financial Statements for the Year Ended 31 December 2025

for

Presto Engineering Group UK Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Intangible assets

4

13,186

25,357

Investments

5

6,237,510

-

6,250,696

25,357

CURRENT ASSETS

Debtors

6

184,631

111,937

Cash at bank

84,284

248,866

268,915

360,803

CREDITORS

Amounts falling due within one year

7

1,352,103

133,028

NET CURRENT (LIABILITIES)/ASSETS

(1,083,188

)

227,775

TOTAL ASSETS LESS CURRENT LIABILITIES

5,167,508

253,132

CREDITORS

Amounts falling due after more than one year

8

5,454,292

-

NET (LIABILITIES)/ASSETS

(286,784

)

253,132

CAPITAL AND RESERVES

Called up share capital

9

111,100

5,000

Retained earnings

10

(397,884

)

248,132

SHAREHOLDERS' (DEFICIT)/FUNDS

(286,784

)

253,132

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 20 May 2026 and were signed on its behalf by:

C T Hosono - Director

1.	STATUTORY INFORMATION

Presto Engineering Group UK Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

12320875

Registered office:

11 Old Jewry

London

EC2R 8DU

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.

The financial Statements are prepared in sterling, which in the functional currency of the company. Monetary amount is their financial Statements are rounded to the nearer £.

Preparation of consolidated financial statements

The company is exempt by virtue of Section 401 of Companies Act 2006 from the requirement to prepare group financial statements. These financial statements present information about the Company as an individual undertaking and not its group.

Turnover

Revenue is recognised to the extent that is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue represents income paid in return for designing and producing ASIC development and semi conductor services.

Going Concern

At 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. Thus the director continue to adopt the going concern basis of accounting in preparing the financial statements.

Goodwill

Goodwill, being the amount paid in connection with acquisition of a business's assets in 2020.

The depreciation is provided at the following annual rate in order to write off the goodwill over its estimated useful life.

Goodwill : 14%

There has not been indicators of impairment.

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.

Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Investments in subsidiaries

On initial recognition, investments in subsidiaries are recognised at cost, which is the fair value of the consideration paid. Investments in subsidiaries are reviewed for impairment at each balance sheet date with any impairment charged to the income statement.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

85,200

AMORTISATION

At 1 January 2025

59,843

Amortisation for year

12,171

At 31 December 2025

72,014

NET BOOK VALUE

At 31 December 2025

13,186

At 31 December 2024

25,357

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

Additions

6,237,510

At 31 December 2025

6,237,510

NET BOOK VALUE

At 31 December 2025

6,237,510

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Amounts owed by group undertakings

157,222

86,963

Tax

24,346

17,395

VAT

728

1,848

Accrued income and prepayments

2,335

5,731

184,631

111,937

Amount due from group undertakings is unsecured and interest free.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

2,032

3,992

Amounts owed to group undertakings

1,324,119

85,574

Social security and other taxes

6,236

10,089

Other creditors

1,711

2,271

Accruals

18,005

31,102

1,352,103

133,028

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Amounts owed to group undertakings

5,454,292

-

Amount owed to group undertakings are unsecured, repayable within 7 years, and bear interest at an average of EURIBOR 3M + 2.40% and EURIBOR 3M + 2.80%.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

111,100

Ordinary

£1

111,100

5,000

106,099 Ordinary shares of £1 each were allotted and fully paid for cash at par during the year.

1 Ordinary share of £1 was issued at a share premium of £0.14.

10.

RESERVES

Retained

earnings

£

At 1 January 2025

248,132

Deficit for the year

(646,016

)

At 31 December 2025

(397,884

)

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

The Report of the Auditors was unqualified.

Mark Hjertzen (Senior Statutory Auditor)

for and on behalf of HW Associates Limited

12.	RELATED PARTY DISCLOSURES

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.

13.	ULTIMATE CONTROLLING PARTY

The company's immediate and ultimate controlling parent company is Presto Engineering Group SAS, a company incorporated in France, whose registered address is Rue de la Carriere de Bachasson Arteparc, Bachasson CS 20029 13590, Meyreuil, France.