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REGISTERED NUMBER: 11011171 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE PERIOD |

| 1 NOVEMBER 2023 TO 31 DECEMBER 2024 |

| FOR |

| SOLUS CAPITAL PARTNERS LTD |

SOLUS CAPITAL PARTNERS LTD (REGISTERED NUMBER: 11011171)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE PERIOD 1 NOVEMBER 2023 TO 31 DECEMBER 2024

Page |

Company Information | 1 |

Statement of Financial Position | 2 |

Notes to the Financial Statements | 4 |

SOLUS CAPITAL PARTNERS LTD

COMPANY INFORMATION

FOR THE PERIOD 1 NOVEMBER 2023 TO 31 DECEMBER 2024

| DIRECTOR: | Mr C Mulhall

| REGISTERED OFFICE: | 128 City Road

| London

| EC1V 2NX

| REGISTERED NUMBER: | 11011171 (England and Wales)

| ACCOUNTANTS: | Acuity Professional Partnership LLP

| Unit 2.02 High Weald House,

| Glovers End

| Bexhill

| East Sussex

| United Kingdom

| TN39 5ES

SOLUS CAPITAL PARTNERS LTD (REGISTERED NUMBER: 11011171)

STATEMENT OF FINANCIAL POSITION

31 DECEMBER 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 737 |  | 1,870 |  |

CURRENT ASSETS

Debtors | 5 | 5,000 |  | 17,196 |  |

Cash at bank | - |  | 12,284 |  |

5,000 |  | 29,480 |  |

CREDITORS

Amounts falling due within one year | 6 | 270,518 |  | 259,360 |  |

NET CURRENT LIABILITIES | (265,518 | ) | (229,880 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (264,781 | ) | (228,010 | ) |

CAPITAL AND RESERVES

Called up share capital | 7 | 10 |  | 10 |  |

Retained earnings | (264,791 | ) | (228,020 | ) |

SHAREHOLDERS' FUNDS | (264,781 | ) | (228,010 | ) |

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.

SOLUS CAPITAL PARTNERS LTD (REGISTERED NUMBER: 11011171)

STATEMENT OF FINANCIAL POSITION - continued

31 DECEMBER 2024

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 October 2025 and were signed by:

Mr C Mulhall - Director

SOLUS CAPITAL PARTNERS LTD (REGISTERED NUMBER: 11011171)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD 1 NOVEMBER 2023 TO 31 DECEMBER 2024

1. | STATUTORY INFORMATION

| Solus Capital Partners Ltd 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.

| SIGNIFICANT JUDGEMENTS AND ESTIMATES

| In preparing the financial statements, management were not required to make any estimates or judgements which materially affect reported income, expenses, assets, liabilities or disclosure of contingent assets and liabilities.

| TURNOVER

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| TANGIBLE FIXED ASSETS

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

| Computer equipment | - | 33% on cost

SOLUS CAPITAL PARTNERS LTD (REGISTERED NUMBER: 11011171)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 1 NOVEMBER 2023 TO 31 DECEMBER 2024

2. | ACCOUNTING POLICIES - continued

| 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 and loans from fellow group companies that are classified as debt, 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 payment discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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

| Accounts payable 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. Accounts payable greater than one year are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

| TAXATION

| Taxation for the period 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.

SOLUS CAPITAL PARTNERS LTD (REGISTERED NUMBER: 11011171)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 1 NOVEMBER 2023 TO 31 DECEMBER 2024

2. | ACCOUNTING POLICIES - continued

| 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 period 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.

| 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.

| GOING CONCERN

| The company is only able to trade with the continuing support of the director and parent entity, who have indicated that this support will not be withdrawn. On this basis, the director considers it appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result from the withdrawal of this support.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the period was 1 (2023 - 1 ) .

4. | TANGIBLE FIXED ASSETS

| Computer

| equipment

£ |

| COST

| At 1 November 2023

| and 31 December 2024 | 6,201 |  |

| DEPRECIATION

| At 1 November 2023 | 4,331 |  |

| Charge for period | 1,133 |  |

| At 31 December 2024 | 5,464 |  |

| NET BOOK VALUE

| At 31 December 2024 | 737 |  |

| At 31 October 2023 | 1,870 |  |

SOLUS CAPITAL PARTNERS LTD (REGISTERED NUMBER: 11011171)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 1 NOVEMBER 2023 TO 31 DECEMBER 2024

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Trade debtors | - |  | 12,196 |  |

| Other debtors | 5,000 |  | 5,000 |  |

5,000 |  | 17,196 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Bank loans and overdrafts | 493 |  | - |  |

| Trade creditors | 1,336 |  | 17,072 |  |

| Taxation and social security | 1,319 |  | 5,120 |  |

| Other creditors | 267,370 |  | 237,168 |  |

270,518 |  | 259,360 |  |

7. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2024 | 2023 |

| value: | £ | £ |

| 10 | Ordinary Share | 1 | 10 |  | 10 |  |

8. | RELATED PARTY DISCLOSURES

| During the year the company operated a loan with the director of the company. The amount owed by the company to the director at the year end was £51,391 (2023 - £20,382). This loan is interest free and repayable on demand.

| During the year the company operated a loan with its parent company. The amount owed by the company to the parent at the year end was £215,979 (2023 - £216,785.) This loan is interest free and repayable on demand.