REGISTERED NUMBER: 07183304 (England and Wales)

Strategic Report, Report of the Directors and

Financial Statements for the Year Ended 30 November 2024

for

Lion Alternative Energy Plc

Page

Company Information

1

Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

6

Income Statement

10

Other Comprehensive Income

11

Balance Sheet

12

Statement of Changes in Equity

13

Cash Flow Statement

14

Notes to the Cash Flow Statement

15

Notes to the Financial Statements

16

DIRECTORS:

George Likourezos

Anna Alina Stachura

Konstantinos Liapis

Nigel Brandon

Hugo Roques

SECRETARY:

Uk Nominee Directors And Partners Services Ltd

REGISTERED OFFICE:

5th Floor 22 Eastcheap

England

EC3M 1EU

REGISTERED NUMBER:

07183304 (England and Wales)

AUDITORS:

SKS Audit LLP

3 Sheen Road

Richmond Upon Thames

TW9 1AD

The directors present their strategic report for the year ended 30 November 2024.

Business Review

The Company made an operating loss of £38,323 during the financial period 30 November 2024 (loss of £62,484 during the financial year to 30 November 2023). As the Company is still in an early stage of developing its products, the expenses incurred relate to Directors' travel and incidental expenses to raise funds to develop the technologies. Due to pandemic the progress towards technology development slowed down. Travel restrictions imposed by the European Governments also impacted the business development during 2024.

Investments

The Company has invested in various green energy and environmental technologies valued independently at £73.8 million. The Directors believe that this is a conservative estimate of the value of these technologies which are in early stages of development and the valuation remains valid given the rising demand of environmental technologies. Post pandemic as the drive towards net zero carbon emissions across the globe intensifies the technology demand and valuation is expected to increase.

Strategy

The Company has invested in four technology areas related to the renewable energy and environmental sectors. In the renewable energy sector, the Company's has invested in two technologies respectively targeting the emerging market for redox-flow batteries for large scale energy storage and solar thermal power production. In the environmental sector, the Company has invested in a non-polluting technology for using unsorted post-consumer materials for low cost building composite construction materials and in a separate technology for Nitrogen Oxide (Nox) and Sulphur Dioxide (SOx) abatement.

These technologies are unique, and their cost of production is expected to be much lower than similar products available in the market.

In the near future, the Company will be raising funds to develop "proof of concept" products for each of the above-mentioned technologies. The Company has engaged Envestors Limited as legal advisors for a private placement planned for the second half of 2024.

Business Performance

In the last 12 months, the Company's CEO has been working remotely with different universities, particularly the Imperial College of London, to continue negotiations in purchasing new technologies. The Company's CEO is speaking with various Universities in Athens to provide facilities for the development of the prototype, however the progress has been slow due to the pandemic and travel restrictions.

Directors have also been speaking with various interested investors to raise up to 20 million euros to fund development of all the planned prototypes.

Following the disruptions caused by the Covid-19 outbreak, it is now expected that one of the prototypes will be ready at the end of 2025.

Key Risks

All new technologies carry an inherent risk of unexpected delays in development and overrun of technology development cost estimates. The Directors plan to mitigate these risks by ensuring appropriate monetary and operational controls are in place to ensure any delays or cost overruns are managed and the risk to the business is minimized.

ON BEHALF OF THE BOARD:

Konstantinos Liapis - Director

28 November 2025

The directors present their report with the financial statements of the company for the year ended 30 November 2024.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of development of green energy technologies which are in early stages of development.

DIVIDENDS

No dividends will be distributed for the year ended 30 November 2024.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 December 2023 to the date of this report.

George Likourezos

Anna Alina Stachura

Konstantinos Liapis

Nigel Brandon

Hammad Farooqi - Resigned on 31 May 2024

Efstratios Hatzipanagiotidis - Resigned on 30 November 2024

Xenophon Verykios - Resigned on 30 November 2024

Athanasios Kotrotsos - Resigned on 30 November 2024

Athina Chatzipetrou - Resigned on 30 November 2024

Hugo Roques - Resigned on 12 September 2025

PAYMENT OF CREDITORS POLICY

Company aims to settle its debt with creditors according to the terms agreed.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the report and 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 (Financial Reporting Standard 102 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 estimates that are reasonable and prudent;

- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

- 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.

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 or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, SKS Audit LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

Konstantinos Liapis - Director

28 November 2025

Opinion

We have audited the financial statements of Lion Alternative Energy Plc (the 'company') for the year ended 30 November 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, 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 30 November 2024 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

As part of our audit, we have obtained an understanding of the directors’ assessment of the company’s ability to continue as a going concern and evaluated the appropriateness of the going concern basis adopted in the preparation of the financial statements.

The company is dependent on ongoing financial support from its beneficial owner. We have inspected the letter of support confirming that the beneficial owner will provide such financial assistance as is necessary to enable the company to meet its liabilities as they fall due for at least twelve months from the date of approval of the financial statements. Based on the evidence obtained, we consider the going concern basis of accounting adopted by the directors to be appropriate.

Our audit procedures did not identify the existence of any material uncertainties that may cast significant doubt on the company’s ability to continue as a going concern. As the directors’ going concern assessment also includes consideration of future funding opportunities that the company may explore, such as private placement activities, we evaluated these plans as part of our assessment of the directors’ overall going concern conclusion.

Our opinion is not modified in respect of this matter.

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 four, 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:

Extent to which the audit was considered capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above and on the Financial Reporting Council's website, to detect material misstatements in respect of irregularities, including fraud.

We obtain and update our understanding of the entity, its activities, its control environment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the entity is complying with that framework. Based on this understanding, we identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the entity that were contrary to applicable laws and regulations, including fraud.

In response to the risk of irregularities and non-compliance with laws and regulations, including fraud, we designed procedures which included;

- Enquiry of management and those charged with governance around actual and potential litigation and claims as well as actual, suspected and alleged fraud;

- Reviewing minutes of meetings of those charged with governance;

- Assessing the extent of compliance with the laws and regulations considered to have a direct material effect on the financial statements or the operations of the company through enquiry and inspection;

- Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;

- Performing audit work over the risk of management bias and override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business, and reviewing accounting estimates for indicators of potential bias.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

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.

M Ehshan Amiraly (Senior Statutory Auditor)

for and on behalf of SKS Audit LLP

3 Sheen Road

Richmond Upon Thames

TW9 1AD

28 November 2025

TURNOVER

-

-

Administrative expenses

(27,278

)

(55,907

)

(27,278

)

(55,907

)

Other operating income

-

1

OPERATING LOSS

5

(27,278

)

(55,906

)

Gain/loss on revaluation of investments

(10,574

)

(5,582

)

(37,852

)

(61,488

)

Interest payable and similar expenses

6

(471

)

(996

)

LOSS BEFORE TAXATION

(38,323

)

(62,484

)

Tax on loss

7

-

-

LOSS FOR THE FINANCIAL YEAR

(38,323

)

(62,484

)

LOSS FOR THE YEAR

(38,323

)

(62,484

)

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

(38,323

)

(62,484

)

FIXED ASSETS

Investments

8

73,850,612

73,861,186

CURRENT ASSETS

Debtors

9

2,760

3,412

Cash at bank

8,943

1,478

11,703

4,890

CREDITORS

Amounts falling due within one year

10

(44,714

)

(29,708

)

NET CURRENT LIABILITIES

(33,011

)

(24,818

)

TOTAL ASSETS LESS CURRENT LIABILITIES

73,817,601

73,836,368

CREDITORS

Amounts falling due after more than one year

11

(264,431

)

(244,875

)

NET ASSETS

73,553,170

73,591,493

CAPITAL AND RESERVES

Called up share capital

13

73,938,400

73,938,400

Retained earnings

14

(385,230

)

(346,907

)

SHAREHOLDERS' FUNDS

73,553,170

73,591,493

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2025 and were signed on its behalf by:

Konstantinos Liapis - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 December 2022

73,938,400

(284,423

)

73,653,977

Changes in equity

Total comprehensive income

-

(62,484

)

(62,484

)

Balance at 30 November 2023

73,938,400

(346,907

)

73,591,493

Changes in equity

Total comprehensive income

-

(38,323

)

(38,323

)

Balance at 30 November 2024

73,938,400

(385,230

)

73,553,170

Cash flows from operating activities

Cash generated from operations

1

9,918

138,679

Interest paid

(471

)

(996

)

Net cash from operating activities

9,447

137,683

Cash flows from financing activities

Amount withdrawn by directors

-

(133,959

)

Repayment of loan

(1,982

)

(3,704

)

Net cash from financing activities

(1,982

)

(137,663

)

Increase in cash and cash equivalents

7,465

20

Cash and cash equivalents at beginning of year

2

1,478

1,458

Cash and cash equivalents at end of year

2

8,943

1,478

1.	RECONCILIATION OF LOSS BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2024

2023

£

£

Loss before taxation

(38,323

)

(62,484

)

Loss on revaluation of fixed assets

10,574

5,582

Finance costs

471

996

(27,278

)

(55,906

)

Decrease/(increase) in trade and other debtors

652

(2,811

)

Increase in trade and other creditors

36,544

197,396

Cash generated from operations

9,918

138,679

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 30 November 2024

30.11.24

1.12.23

£

£

Cash and cash equivalents

8,943

1,478

Year ended 30 November 2023

30.11.23

1.12.22

£

£

Cash and cash equivalents

1,478

1,458

3.	ANALYSIS OF CHANGES IN NET DEBT

At 1.12.23

Cash flow

At 30.11.24

£

£

£

Net cash

Cash at bank

1,478

7,465

8,943

1,478

7,465

8,943

Debt

Debts falling due after 1 year

(38,426

)

1,982

(36,444

)

(38,426

)

1,982

(36,444

)

Total

(36,948

)

9,447

(27,501

)

1.	STATUTORY INFORMATION

Lion Alternative Energy Plc is a private company , 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.	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.

3.	ACCOUNTING POLICIES

GOING CONCERN

The company’s statement of financial position shows net current liabilities at the reporting date. The directors have considered whether it is appropriate to prepare the financial statements on a going concern basis and have assessed whether any material uncertainties exist that may cast significant doubt on the company’s ability to continue in operational existence for at least twelve months from the date of approval of these financial statements.

The company receives ongoing financial support from its beneficial owner. The beneficial owner has provided a signed letter of support confirming their commitment to provide such financial assistance as is necessary to enable the company to meet its obligations as they fall due for at least twelve months from the date of approval of these financial statements. On this basis, the directors do not consider the company’s net current liabilities position to give rise to a material uncertainty relating to going concern.

In addition to this financial support, the directors are taking steps to strengthen the company’s financial position, including exploring opportunities to secure further investment and additional funding through private placement. While these future plans are expected to support long-term financial sustainability, the going concern conclusion is primarily dependent upon the continued financial support of the beneficial owner.

Accordingly, the financial statements have been prepared on a going concern basis. Should the company be unable to continue trading, adjustments would be required to reduce assets to their recoverable amounts and to provide for any additional liabilities that may arise.

Significant judgements and estimates

In the opinion of the Directors, there are no specific key judgements or areas of estimation to disclose.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Investments

In the financial statements, subsidiaries are valued at cost less impairment whereas other investments are stated at market value with changes in market value recognised in profit and loss account. The carrying amount is subject to an impairment review by the directors at the end of each accounting period.

Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. Conditions that may cast significant doubt about the ability of the company to continue as a going concern.

Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction.

At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Leased assets

A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

Pensions

Contributions to defined contribution plans are expensed in the period to which they relate.

Taxation

A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Preparation of consolidated financial statements

The financial statements contain information about Lion Alternative Energy plc as an individual company and do not contain consolidated financial information as the parent of a group. The company has taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Employee Benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

4.	EMPLOYEES AND DIRECTORS

2024

2023

£

£

Wages and salaries

9,100

9,100

The average number of employees during the year was as follows:

2024

2023

Development

1

1

2024

2023

£

£

Directors' remuneration

9,100

9,100

5.	OPERATING LOSS

The operating loss is stated after charging:

2024

2023

£

£

Other operating leases

-

8,408

6.

INTEREST PAYABLE AND SIMILAR EXPENSES

2024

2023

£

£

Interest expense

471

996

7.

TAXATION

Analysis of the tax charge

No liability to UK corporation tax arose for the year ended 30 November 2024 nor for the year ended 30 November 2023.

Factors affecting tax charge for period

The differences between the tax assessed for the period and the standard rate of corporation tax are explained as follows:

2024

2023

£

£

Loss on ordinary activities before tax

(38,323

)

(62,484

)

Standard rate of corporation tax in the UK

19%

19%

£

£

Profit on ordinary activities multiplied by the standard rate ofcorporation tax

(7,281

)

(11,872

)

Effects of:Unrelieved losses for tax purposes

7,281

11,872

Current tax charge for period

-

-

8.	FIXED ASSET INVESTMENTS

Investments in

Other

Total

subsidiary

investments

undertakings

Cost

£

£

£

At 1 December 2023

73,848,036

13,151

73,861,187

Revaluation

-

(10,574

)

(10,574

)

At 30 November 2024

73,848,036

2,577

73,850,613

During the period 30 November 2017 the company acquired 100% of the ordinary shares of CTESIBIUS TECHNOS LIMITED, company number 10864489 registered at 5th Floor 22 Eastcheap, London,England, EC3M 1EU. Company's principal activity is holding of intellectual property.

During the period 30 November 2018 the company acquired a small stake in a Swedish start-up company Helbio Holdings at total cost of £17,599. During the period 30 November 2021 the company converted thestake to new shares of Metacon AB company, and this had a value of £54,859 at 30 November 2021. During the period 30 November 2024, loss on revaluation of £10,574 has been recorded. (2023: £5,582). The investment is currently valued at £2,577 (2023: £13,151).

9.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by group undertakings

2,600

2,600

Other debtors

160

812

2,760

3,412

10.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

17,620

13,728

Social security and other tax

2,594

2,480

Accruals and deferred income

24,500

13,500

44,714

29,708

11.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans (see note 12)

36,444

38,426

Other creditors

227,987

206,449

264,431

244,875

During the period 30 November 2020 the company was provided with Bounce Back Loan from Lloyds Bank, at principal amount of £50,000. The loan will be fully repayable within 9 years. Monthly repayment is £463 and interest rate is fixed at 2.5% per annum.

12.

LOANS

An analysis of the maturity of loans is given below:

2024

2023

£

£

Amounts falling due between one and two years:

Long-term BB Loan

36,444

38,426

13.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

165,717,482

Ordinary shares

€0.50

73,938,400

73,938,400

14.

RESERVES

Retained

earnings

£

At 1 December 2023

(346,907

)

Deficit for the year

(38,323

)

At 30 November 2024

(385,230

)

15.	RELATED PARTY DISCLOSURES

The key management personnel remuneration in the current period is £9,100 (2023: £9,100). Mr K Liapis, a Director, provided the Company with an interest free loan of £202,290 (2023: £181,273). The loan will not be called in within a year and therefore has been treated as long-term.

During the period 30 November 2024, Lion Energy Trading Ltd has provided an interest free loan of £25,699 to the company (2023: £25,176). The loan will not be called in within a year and therefore has been treated as long-term. Lion Energy Trading Ltd is wholly owned by the director "Mr K Liapis".

During the period 30 November 2024, the Company has provided an interest free loan of £2,600 to Ctesibius Technos Limited - subsidiary, which is repayable by 30 November 2025. Ctesibius Technos Limited is wholly owned by the Company.

16.	ULTIMATE CONTROLLING PARTY

Mr Konstantinos Liapis is the ultimate controlling party by virtue of his shareholding in the company.