{"url_path":"/sec/cik-0002071489/10-k/2026/item-15","section_key":"item-15","section_title":"Item 15 EXHIBITS AND FINANCIAL STATEMENT SCHEDULES**","topic":"sec","document":{"doc_type":"10-K","doc_date":"2026-06-25","source_url":"https://www.sec.gov/Archives/edgar/data/2071489/0001493152-26-030051-index.html","accession_number":"0001493152-26-030051","cik":"0002071489","ticker":null,"issuer_name":"Yellowstone Group Ltd.","edgar_url":"https://www.sec.gov/Archives/edgar/data/2071489/0001493152-26-030051-index.html","primary_entity_key":"0002071489","primary_entity_name":"Yellowstone Group Ltd."},"word_count":480,"has_tables":true,"body_markdown":"**ITEM\n15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES**\n\n \n\n**(a)\nFinancial Statements**\n\n \n\n \n**Page**\n\n**Audited\nFinancial Statements**\n \n\n \n \n\n[REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM](#sh_008) (PCAOB ID: 7238)\nF-1\n\n \n \n\n[BALANCE SHEETS](#sh_009)\nF-2\n\n \n \n\n[STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS](#sh_010)\nF-3\n\n \n \n\n[STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY](#sh_012)\nF-5\n\n \n \n\n[STATEMENTS OF CASH FLOWS](#sh_013)\nF-6\n\n \n \n\n[NOTES TO FINANCIAL STATEMENTS](#sh_014)\nF-7\n– F-13\n\n \n\n23\n\n \n\n \n\n**REPORT\nOF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM**\n\n \n\n**To\nthe Shareholders and the Board of Directors of Yellowstone Group Ltd**\n\n \n\n**Opinion\non the Financial Statements**\n\n \n\nWe\nhave audited the accompanying balance sheets of Yellowstone Group Ltd (the “Company”) as of March 31, 2026, and the related\nstatement of operations, of comprehensive loss, of changes in shareholders’ deficit, and statement of cash flows for the year ended\nMarch 31, 2026, including the related notes (collectively referred to as the “financial statements”). In our opinion, the\nfinancial statements present fairly, in all material respects, the financial position of the Company as of March 31, 2026, and the results\nof its operations and its cash flows for the period ended March 31, 2026, in conformity with accounting principles generally accepted\nin the United States of America.\n\n \n\n**Basis\nfor Opinion**\n\n \n\nThese\nfinancial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on the Company’s\nfinancial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board\n(United States) (“PCAOB”) and are required to be independent with respect to the Company in accordance with the U.S. federal\nsecurities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.\n\n \n\nWe\nconducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain\nreasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Company\nis not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits,\nwe are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion\non the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion.\n\n \n\nOur\naudits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error\nor fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding\nthe amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant\nestimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits\nprovide a reasonable basis for our opinion.\n\n \n\n**/s/\nELITECPA P.C.**\n \n\nWe\nhave served as the Company’s auditor since 2025.\n\n \n\nPiscataway,\nNew Jersey\n\nJune\n25, 2026\n\n \n\n \n\nF-1"}