Hitech Global Holdings Limited - Limited company accounts 25.1

REGISTERED NUMBER: 13971739 (England and Wales)

STRATEGIC REPORT,

REPORT OF THE DIRECTORS AND

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

HITECH GLOBAL HOLDINGS LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

5

Income Statement

9

Other Comprehensive Income

10

Statement of Financial Position

11

Statement of Changes in Equity

12

Statement of Cash Flows

13

Notes to the Statement of Cash Flows

14

Notes to the Financial Statements

15

DIRECTORS:

O Oakes

T N Murnane

REGISTERED OFFICE:

Unit 1504 Silverstone Park

Silverstone

NN12 8FU

REGISTERED NUMBER:

13971739 (England and Wales)

AUDITORS:

Accura Audit Limited (Statutory Auditor)

Langley House,

53 Theobald Street,

Borehamwood

WD6 4RT

The directors present their strategic report for the year ended 31 December 2025.

REVIEW OF BUSINESS

Hitech Global Holdings Limited commenced the financial year operating as a standalone legal entity. On 1 October 2025, the Board approved the transfer of the Company's entire issued share capital by Oliver Oakes to Racing Knowledge HK Limited, a company incorporated in Hong Kong.

During the year, the Company was the claimant in an arbitration matter. The matter was concluded on 17 December 2025 and the terms remain confidential between the parties. The directors do not expect any further material matters to arise in connection with the arbitration.

Business Model

Following the restructuring undertaken in July 2024, the Company ceased to carry out holding company activities and disposed of its shareholdings in its former subsidiary undertakings. The Company does not undertake trading activities or generate external revenue. Its activities are limited to providing administrative support and holding intercompany balances following the Group restructuring.

Strategy and Objectives

Following the restructuring and the cessation of its holding company activities, the Company's objective is to fulfil its administrative obligations and support the wider Group where required. Given the Company's limited activities, no separate long-term commercial strategy is currently required.

PRINCIPAL RISKS AND UNCERTAINTIES

Given the Company's limited activities, the directors consider that the principal risks relate to routine financial and administrative matters. These risks are considered to be minimal and are managed through standard internal controls. No significant operational or strategic risks were identified during the year.

Performance

The Company did not undertake any revenue-generating activities during the year and accordingly generated no turnover. The Company's activities during the year were limited to administrative functions and the management of the arbitration matter.

The Company's financial position at the year end is principally represented by intercompany balances with fellow Group undertakings, as reflected in the balance sheet. The directors consider this position to be appropriate given the Company's role within the Group.

Future Outlook

The Company will continue to provide administrative support to the wider Group as required. No material future developments are anticipated unless the Company is assigned new responsibilities or activities by the Group.

Stakeholder Engagement

Due to the Company's limited scope of activities and absence of employees or trading operations, specific stakeholder engagement activities are not applicable. Engagement at Group level continues to be carried out by other active entities within the Group.

Key Performance Indicators (KPIs)

As the Company does not undertake trading activities and has no operational objectives, the directors do not consider financial or operational KPIs to be necessary or meaningful for the year.

ON BEHALF OF THE BOARD:

O Oakes - Director

15 September 2026

The directors present their report with the financial statements of the company for the year ended 31 December 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of non-trading administrative entity within the Hitech Group. Prior to the reorganisation in July 2024 it held investments in group companies, following the restructuring it no longer undertakes holding company activities and has no operational trade.

DIVIDENDS

No dividends will be distributed for the year ended 31 December 2025.

DIRECTORS

O Oakes has held office during the whole of the period from 1 January 2025 to the date of this report.

Other changes in directors holding office are as follows:

W B Oakes - resigned 13 June 2025

M W C Sanwell-Lewis - appointed 9 May 2025

T N Murnane was appointed as a director after 31 December 2025 but prior to the date of this report.

M W C Sanwell-Lewis ceased to be a director after 31 December 2025 but prior to the date of this report.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, Accura Audit Limited (Statutory Auditor), will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

O Oakes - Director

15 September 2026

Opinion

We have audited the financial statements of Hitech Global Holdings Limited (the 'company') for the year ended 31 December 2025 which comprise the Income Statement, Other Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity, Statement of Cash Flows and Notes to the Statement of Cash Flows, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its loss for the year 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.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Fraud risk assessment

To identify risks of material misstatement due to fraud (fraud risks) we assessed events or conditions that could indicate an incentive or pressure by management to commit, or provide an opportunity to commit, fraud. Our risk assessment procedures included:

- Enquiries of management and internal accounting staff concerning the company's policies and procedures relating to:

- detecting and responding to the risks of fraud; and

- internal controls established to mitigate risks related to fraud;

- enquiries of management and internal accounting staff as to whether they had knowledge of any actual, suspected or alleged fraud;

- discussions among the engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud. The engagement team includes the audit partner, managers and staff who have experience of working with companies in this sector. This experience was relevant to the discussion about where fraud risks may arise.

Risk communications

We communicated identified fraud risks throughout the audit team and remained alert to any indications of fraud throughout the audit.

Fraud risks

As required by auditing standards we addressed the risk of management override of controls and the risk of fraudulent revenue recognition. In particular we considered the risk that revenue is recorded in the wrong period and the risk that the company's management may be in a position to make inappropriate accounting entries, and the risk of bias in accounting estimates and judgments.

Procedures to address fraud risks

Our audit procedures included evaluating the design and implementation, and operating effectiveness of internal controls relevant to mitigate these risks. We also performed substantive audit procedures including:

- reviewing journal entries to supporting documentation and reviewing for any unusual journal descriptions;

- assessing significant accounting estimates for bias;

- obtaining third party confirmations for all bank balances and material debtors and creditors balances.

Laws and regulations - Identifying and responding to risks of material misstatement due to non-compliance with laws and regulations

Risk assessment

We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements. For this risk assessment, matters considered included the following:

- our general commercial and trading industry experience;

- discussion with the management of the company (as required by auditing standards);

- inspection of the company's regulatory and legal correspondence; and

- discussions with the directors and other management about the policies and procedures regarding compliance with laws and regulations.

Risk communications

Our communication of laws and regulations risks was made throughout our team and we remained alert to any indications of non-compliance throughout the audit.

Direct laws context and link to audit

The potential effect of laws and regulations on the financial statements varies considerably. The company is subject to United Kingdom laws and regulations, such as the Companies Act 2006. Other relevant rules and regulations include the following:

- financial reporting legislation (including related UK companies' legislation)

- taxation legislation (direct and indirect) in the company's countries of operation.

We assessed the extent of compliance with these laws and regulations as part of our procedures on the related financial statement items.

Most significant indirect law/ regulation areas

Secondly, the company is subject to many other laws and regulations where the consequences of non-compliance could have a material effect on amounts or disclosures in the financial statements, for instance through the imposition of fines or litigation or harm to the company's ability to operate.

We identified the following area as those most likely to have such an effect:

- Health, safety, welfare and fire safety

- Anti-bribery, fraud and corruption

- Anti-money laundering regulations

- European Union and United Kingdom employment law

- Motorsport UK and Fédération Internationale de l'Automobile (FIA)

Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the directors and other management and inspection of regulatory and legal correspondence, if any. Therefore, if a breach of law or regulations is not disclosed to us or evident from relevant correspondence, our audit will not detect that breach.

We considered the extent to which the audit was considered capable of detecting irregularities: There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentation, or through collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Brian M Leighton (Senior Statutory Auditor)

for and on behalf of Accura Audit Limited (Statutory Auditor)

Langley House,

53 Theobald Street,

Borehamwood

WD6 4RT

15 September 2026

TURNOVER

-

Administrative expenses

(5,288

)

5,702

OPERATING (LOSS)/PROFIT and

(LOSS)/PROFIT BEFORE TAXATION

(5,288

)

5,702

Tax on (loss)/profit

5

-

(LOSS)/PROFIT FOR THE FINANCIAL
YEAR

(5,288

)

5,702

(LOSS)/PROFIT FOR THE YEAR

(5,288

)

5,702

OTHER COMPREHENSIVE INCOME

-

TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

(5,288

)

5,702

CURRENT ASSETS

Debtors

6

396,765

865,908

Cash at bank and in hand

7

229

100

396,994

866,008

CREDITORS

Amounts falling due within one year

8

419,099

882,825

NET CURRENT LIABILITIES

(22,105

)

(16,817

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(22,105

)

(16,817

)

CAPITAL AND RESERVES

Called up share capital

9

100

Retained earnings

10

(22,205

)

(16,917

)

SHAREHOLDERS' FUNDS

(22,105

)

(16,817

)

The financial statements were approved by the Board of Directors and authorised for issue on 15 September 2026 and were signed on its behalf by:

O Oakes - Director

Called up

share

Retained

Total

capital

earnings

equity

£

Balance at 1 January 2024

100

(22,619

)

(22,519

)

Changes in equity

Total comprehensive income

-

5,702

Balance at 31 December 2024

100

(16,917

)

(16,817

)

Changes in equity

Total comprehensive income

-

(5,288

)

(5,288

)

Balance at 31 December 2025

100

(22,205

)

(22,105

)

Cash flows from operating activities

Cash generated from operations

1

278,041

(6,992

)

Net cash from operating activities

278,041

(6,992

)

Cash flows from investing activities

Sale of fixed asset investments

-

100

Loan to group undertaking - Hidat Ltd

(375,972

)

-

Net cash from investing activities

(375,972

)

100

Cash flows from financing activities

Loan from group - Hitech Grand Prix Ltd

98,060

-

Net cash from financing activities

98,060

-

Increase/(decrease) in cash and cash equivalents

129

(6,892

)

Cash and cash equivalents at beginning of
year

2

100

6,992

Cash and cash equivalents at end of year

2

229

100

1.	RECONCILIATION OF (LOSS)/PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

31.12.25

31.12.24

£

(Loss)/profit before taxation

(5,288

)

5,702

Decrease/(increase) in trade and other debtors

845,115

(865,808

)

(Decrease)/increase in trade and other creditors

(561,786

)

853,114

Cash generated from operations

278,041

(6,992

)

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Statement of Cash Flows in respect of cash and cash equivalents are in respect of these Statement of Financial Position amounts:

Year ended 31 December 2025

31.12.25

1.1.25

£

Cash and cash equivalents

229

100

Year ended 31 December 2024

31.12.24

1.1.24

£

Cash and cash equivalents

100

6,992

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.25

Cash flow

At 31.12.25

£

Net cash

Cash at bank and in hand

100

129

229

100

129

229

Total

100

129

229

1.	STATUTORY INFORMATION

Hitech Global Holdings 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.

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

In prior years the company prepared consolidated financial statements as it was the parent of a group comprising three companies.

Going concern

The financial statements have been prepared on a going concern basis. In assessing the company's ability to continue as a going concern, the directors have considered relevant information for a period of at least twelve months from the date of approval of these financial statements, including the annual budget, forecast cash flows and the effect of events occurring after the reporting date.

At 31 December 2025 the company had net liabilities of £22,105 (2024: £16,817). Notwithstanding this position, the directors have received confirmation of continuing financial support from companies under common control. This support provides the company with sufficient resources to meet its liabilities as they fall due.

Having considered these factors, the directors are satisfied that the company will continue in operational existence for the foreseeable future and that the going concern basis of preparation remains appropriate. The directors do not consider that any material uncertainty exists that would cast significant doubt on the company's ability to continue as a going concern.

Functional and presentation currency

The company's functional and presentation currency is £ sterling. Monetary amounts in these financial statements are rounded to the nearest £.

Significant judgements and estimates

In applying the company's accounting policies, the directors are required to make judgements and estimates that affect the amounts recognised in the financial statements.

Judgements involve decisions made when applying accounting policies in situations where the outcome is uncertain. The uncertainty is about how the accounting policy should be applied, rather than the numerical amount to report.

Estimates involve assumptions about future events or conditions that are inherently uncertain. The uncertainty is about quantifying an amount in the financial statements.

The directors base their judgements and estimates on historical experience and other factors they consider reasonable under the circumstances. Actual outcomes may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions are recognised in the period of revision if they affect only that period, or in the period of revision and future periods if both are affected.

Judgements

The directors have not made any critical judgements in applying the company's accounting policies that are expected to have a material effect on the financial statements.

Estimates

The key sources of estimation uncertainty that could materially affect the financial statements are:

Doubtful Debt Provisions

Provisions for doubtful debts are determined based on the directors' assessment of the recoverability of individual receivables. This assessment considers the ageing of balances, specific knowledge of customers' financial circumstances, and historical patterns of default. The directors apply a prudent approach in estimating the likelihood of non-recovery.

Investments in subsidiaries

Investments in subsidiary undertakings is recognised at cost.

Financial instruments

The Company has elected to apply the provisions of Section 11 "Basic Financial Instruments" 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 trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date.

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

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

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially

measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or

cancelled.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 statement of financial position 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.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period- end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Cash and cash equivalents

Cash is represented by cash in hand and in deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.

Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Deferred tax liabilities are also presented within provisions but are measured in accordance with the accounting policy on taxation.

Increases in provisions are generally charged as an expense to profit or loss.

3.	EMPLOYEES AND DIRECTORS

There were no staff costs for the year ended 31 December 2025 nor for the year ended 31 December 2024.

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

31.12.25

31.12.24

£

Directors' remuneration

-

4.	AUDITORS' REMUNERATION

31.12.25

31.12.24

£

Fees payable to the company's auditors for the audit of the company's
financial statements

2,400

5.

TAXATION

Analysis of the tax charge

No liability to UK corporation tax arose for the year ended 31 December 2025 nor for the year ended 31 December 2024.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Amounts owed by group undertakings

375,972

-

Other debtors

-

710,405

Advances paid

20,793

-

Prepayments

-

155,503

396,765

865,908

During the financial year ended 31 December 2025, the company rejoined a corporate group. Balances totalling £375,972 for the year ended 31 December 2025 previously classified within "Other Debtors" have been reclassified to "Amounts owed by group undertakings". No adjustment has been made to the comparatives in respect of the year ended 31 December 2024 for accurate comparison. There is no impact on the net assets or the profit or loss reported in the prior period.

7.	CASH AT BANK AND IN HAND

31.12.25

31.12.24

£

Bank account

129

-

Cash in hand

100

229

100

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Trade creditors

250,998

85,630

Amounts owed to group undertakings

98,060

-

VAT

43,925

991

Other creditors

-

765,075

Accrued expenses

26,116

31,129

419,099

882,825

Amounts owed to group undertakings include £98,060 payable to group companies. In the prior year these balances were disclosed as other creditors.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

100

Ordinary

1

100

10.

RESERVES

Retained

earnings

£

At 1 January 2025

(16,917

)

Deficit for the year

(5,288

)

At 31 December 2025

(22,205

)

11.	RELATED PARTY DISCLOSURES

Hitech Global Holdings Limited ceased to be a parent company in July 2024 following a group reorganisation. It rejoined a group on 1 October 2025 as a subsidiary.

At 31 December 2025 the company owed £98,060 to a group company, and amounts of £375,972 were receivable from a group company.

12.	ULTIMATE CONTROLLING PARTY

On 1 October 2025, the Board approved the sale of the Company to Racing Knowledge HK Ltd, a company incorporated in Hong Kong, registered at 40th Floor, Dah Sing Financial Centre, No. 248 Queen's Road East, Wan Chai, Hong Kong. Racing Knowledge HK Ltd is the Company's immediate parent undertaking.

As at the date of approval of these financial statements, the ultimate controlling party is Mr L Guocai by virtue of his controlling shareholding in Racing Knowledge HK Ltd.

Racing Knowledge HK Ltd has not yet prepared consolidated financial statements incorporating the results of the Company.