AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

CROS NT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

G Brambilla

B Chambon

REGISTERED OFFICE:

Chancellors House

3 Brampton Lane

London

NW4 4AB

REGISTERED NUMBER:

08034629 (England and Wales)

AUDITORS:

Zenith Advisory

Chartered Accountants and Statutory Auditors

Chancellors House

3 Brampton Lane

Hendon

London

NW4 4AB

FIXED ASSETS

Tangible assets

4

543

977

CURRENT ASSETS

Debtors

5

3,958,380

1,864,756

Cash at bank

31,270

86,624

3,989,650

1,951,380

CREDITORS

Amounts falling due within one year

6

5,598,047

3,800,060

NET CURRENT LIABILITIES

(1,608,397

)

(1,848,680

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,607,854

)

(1,847,703

)

PROVISIONS FOR LIABILITIES

136

244

NET LIABILITIES

(1,607,990

)

(1,847,947

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(1,607,991

)

(1,847,948

)

(1,607,990

)

(1,847,947

)

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 17 September 2026 and were signed on its behalf by:

B Chambon - Director

1.	STATUTORY INFORMATION

Cros NT Limited 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.

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

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.

At the time of approving the financial statements, the directors are confident that the company has adequate

resources to continue in operational existence for a period of twelve months from the date of approval of the financial statements. The directors therefore continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and Value Added Tax. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Tangible fixed assets

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

Fixtures, fittings and equipment

-

20% on cost

Financial instruments

A financial asset or a financial liability is recognised only when the entity 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.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

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.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 17 (2024 - 20 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures,

fittings

and

equipment

£

COST

At 1 January 2025

and 31 December 2025

2,171

DEPRECIATION

At 1 January 2025

1,194

Charge for year

434

At 31 December 2025

1,628

NET BOOK VALUE

At 31 December 2025

543

At 31 December 2024

977

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

7,178

39,070

Amounts owed by group undertakings

59,755

336,302

Other debtors

-

8,768

VAT

-

5,544

Prepayments and accrued income

3,891,447

1,475,072

3,958,380

1,864,756

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

9,680

36,455

Amounts owed to group undertakings

2,845,471

3,048,282

Social security and other taxes

45,228

35,905

VAT

9,033

-

Other creditors

-

163

Accruals and deferred income

2,688,635

679,255

5,598,047

3,800,060

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

The Report of the Auditors was unqualified.

Martin Tiano FCA (Senior Statutory Auditor)

for and on behalf of Zenith Advisory

8.	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.

9.	AUDITOR LIABILITY LIMITATION AGREEMENT

The directors have agreed to a limited liability arrangement with the auditors, the principal terms being that the liability is restricted to ten times the annual audit fee.

10.	ULTIMATE CONTROLLING PARTY

The company's parent undertaking is Alira Health Srl, a company registered in Italy. The ultimate parent undertaking is Alira Health Group Holdings LLC, a company registered in USA. Consolidated financial statements are prepared by the ultimate parent undertaking whose registered office is situated at 1 Grant Street, Suite 400, Framingham, Boston, MA 01702, USA.

On 22 October 2024, the ultimate parent undertaking entered into a $50,000,000 term loan agreement with a third-party lender. This loan is subject to certain financial and non-financial covenants, including the achievement of quarterly minimum thresholds. The ultimate parent expects to violate its covenants within one year, and does not expect to have sufficient liquidity to repay the loan if it is called by the lender. Therefore, a material uncertainty exists relating to the ultimate parent's ability to provide support to the company in case of financial difficulties.