REGISTERED NUMBER: 15354181 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 15 DECEMBER 2023 TO 31 DECEMBER 2024

FOR

ARCONI INVEST LIMITED

Page

Company information

1

Balance sheet

2

Notes to the financial statements

3

Director:

Mr A J I Agneessens

Registered office:

Suite 5, 7th Floor

50 Broadway

London

SW1H 0DB

Registered number:

15354181 (England and Wales)

FIXED ASSETS

Investments

4

3,309,000

CREDITORS

Amounts falling due within one year

5

(15,787

)

NET CURRENT LIABILITIES

(15,787

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,293,213

CREDITORS

Amounts falling due after more than one year

6

(2,450,707

)

NET ASSETS

842,506

CAPITAL AND RESERVES

Called up share capital

128

Share premium

820,335

Retained earnings

22,043

SHAREHOLDERS' FUNDS

842,506

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 director and authorised for issue on 10 September 2025 and were signed by:

Mr A J I Agneessens - Director

1.	STATUTORY INFORMATION

Arconi Invest 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 company’s functional and presentational currency is US dollars (USD) and the financial statements have been rounded to the nearest dollar ($)

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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 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.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.

Basic financial liabilities

Basic financial liabilities, including creditors, and loans from fellow group companies are initially recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are initially recognised at transaction price.

Dividend income

Dividend income from investments is recognised when the right to receive payment has been established and the amount of revenue can be measured reliably.

Interest payable

Interest payable is recognised in the income statement in the period in which it is incurred.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

$

Cost

Additions

3,309,000

At 31 December 2024

3,309,000

Net book value

At 31 December 2024

3,309,000

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

$

Tax

7,347

Accrued expenses

8,440

15,787

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

$

Director's loan account

2,450,707

7.	RELATED PARTY DISCLOSURES

On 28 December 2023 the company acquired 54 shares in Speciality Metals Resources Holding Limited from the director, Mr A J I Agneessens. The shares have a value of $3,309,000 and the consideration was settled by the issue of a single $1 share with share premium, of $820,334 and a loan between the Company and the Mr A J I Agneessens of $2,488,666.

Interest of $62,178 was payable to Mr A J I Agneessens in relation to the director's loan account. Interest is charged at the rate of 2.5%.

Dividend income from Speciality Metals Resources Holding Limited of $100,008 was due to the company and offset against the director's loan account.

The balance due to Mr A J I Agneessens at 31 December 2024 was $2,450,707.