REGISTERED NUMBER: 09226119 (England and Wales)

Strategic Report, Report of the Directors and

Financial Statements

for the Year Ended 31 August 2025

for

SFC Capital Partners Ltd

Page

Company Information

1

Strategic Report

2

Report of the Directors

4

Report of the Independent Auditors

6

Statement of Comprehensive Income

9

Balance Sheet

10

Statement of Changes in Equity

11

Cash Flow Statement

12

Notes to the Cash Flow Statement

13

Notes to the Financial Statements

14

DIRECTORS:

S Page

M S H Tayler

R C Payne FCCA CF

SECRETARY:

M Crossfield

REGISTERED OFFICE:

2 Maple Court

Davenport Street

Macclesfield

Cheshire

SK10 1JE

REGISTERED NUMBER:

09226119 (England and Wales)

AUDITORS:

Anstey Bond LLP

Statutory Auditors

& Chartered Accountants

1-2 Charterhouse Mews

London

EC1M 6BB

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

REVIEW OF BUSINESS

SFC Capital Partners Limited was incorporated on 19th September 2014 and became regulated by the Financial Conduct Authority (FCA) in December 2016.

The main focus of the Company is managing the growing SFC Angel Fund, a Seed Enterprise Investment Scheme (SEIS) and Enterprise Investment Scheme (EIS) Fund, which has been operational since 1st February 2018.

The Company manages an account for the British Business Banks under the Regional Angels Programme and has been allocated £25 million to date.

There are currently three appointed representatives who act as advisors to smaller SEIS/EIS Funds under the Company's management.

For the year ended 31 August 2025, financial and other key indicators can be found below. The company continues to grow and has assets under management of £117 million.

SUSTAINABILITY

Company commitment to sustainability goes beyond just business, it is a responsibility we embrace wholeheartedly. We are dedicated to reducing our carbon footprint by implementing energy-efficient practices. By integrating environmental, social, and governance considerations into our decision-making, we aim to lead by example in ethical business practices.

The company recognises the importance of its environmental responsibilities, monitors its impact on the environment, and designs and implements policies to mitigate any adverse impact that might be caused by its activities. The company is continuously seeking ways to produce in the most environmentally efficient manner possible.

TALENT DEVELOPMENT AND CULTURE

Human Capital is one of the key pillars in the organization. The company will progress in the journey of upgrading the talent to the level that the execution of our strategy requires.

Our team is our greatest asset, and investing in their growth and well-being is paramount. Our commitment to fostering an environment where unique perspectives are valued and celebrated. We aim to cultivate a workplace culture that inspires innovation and fosters long-lasting professional relationships.

DIGITAL TRANSFORMATION

Digital transformation remains a cornerstone of our operational evolution. By embracing automation where possible and optimising workflows, we are positioned to enhance efficiency and accuracy across our processes. This not only translates to cost savings but also empowers our teams to focus on strategic initiatives that drive innovation and create value for our stakeholders.

REGULATORY AND COMPLIANCE CONSIDERATIONS

Adapting to changing regulations and compliance standards is an integral part of our commitment to ethical business practices. We are proactively investing in resources to ensure our operations remain in full compliance, safeguarding our reputation and mitigating potential risks. Through transparent communication and rigorous adherence to industry standards, we remain steadfast in our dedication to operating responsibly.

PRINCIPAL RISKS AND UNCERTAINTIES

The principal risks and uncertainties being faced are similar to all other Companies at this time with the current economic climate as unstable as it is. Less funds can be assumed to be available for investing in funds and managed.

A key uncertainty is always the continued support from the UK government of tax incentives for SEIS/EIS investments.

FINANCIAL AND OTHER KEY PERFORMANCE INDICATORS

Key financial indicators that the Company monitors to show performance are revenues which have increased by 69% (decreased by 25% in 2024). The Net profit increased by 189% (decreased by 26% in 2024). The increase in the turnover and the net profit is a direct result of the increase in investor monies in the funds for deployment.

LONG TERM SUCCESS

Directors play a crucial role in shaping the destiny of their organizations by prioritizing long-term success over short-term gains. A strategic approach that goes beyond immediate profitability, which directors assess the potential consequences of decisions on the company's growth trajectory, market positioning, and sustainability. By aligning actions with a forward-looking vision, directors not only ensure the company's stability but also its ability to adapt and thrive in a rapidly changing business landscape.

STAKEHOLDER INTERESTS

Recognising that a company's success is interwoven with the interests of various stakeholders, directors weigh these interests carefully. They must consider the expectations of shareholders seeking returns on investment, employees seeking fulfilling careers, customers expecting value, and communities seeking positive contributions. Effective directors seek to harmonise these often diverse interests to achieve outcomes that are equitable, fostering a sense of trust and loyalty among stakeholders.

ETHICAL CONSIDERATIONS

Ethics form the moral compass that guides directors in their decision-making. Upholding ethical considerations entails more than just compliance with laws and regulations; it means adhering to a higher standard of integrity and accountability. Directors must evaluate potential actions through an ethical lens, assessing whether their choices are aligned with the company's values and principles. By demonstrating ethical leadership, directors not only set a positive example but also build a reputation of trustworthiness and credibility for the organisation.

GOOD FAITH

Directors are entrusted with the responsibility to act in good faith, demonstrating diligence and honesty in their decision-making. This involves diligently seeking information, asking probing questions, and engaging in robust discussions. Good faith decision-making requires directors to set aside personal biases and opinions, focusing on what is in the best interest of the company and its stakeholders. By adhering to the principle of good faith, directors instill confidence that their decisions are well-considered and driven by a genuine commitment to the organization's success.

DUTY OF CARE

Directors owe a duty of care to the company, which encompasses their obligation to make informed decisions based on a thorough understanding of the company's operations, finances, and industry dynamics. This involves staying informed about market trends, regulatory changes, and emerging risks that could impact the company's performance. Directors must also actively engage with management, asking critical questions and seeking clarifications to ensure that they have a comprehensive grasp of the issues at hand. By fulfilling their duty of care, directors contribute to well-informed, prudent decision-making that safeguards the company's interests.

ON BEHALF OF THE BOARD:

S Page - Director

23 December 2025

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

PRINCIPAL ACTIVITY

The principal activity of the business continued to be fund management services.

DIVIDENDS

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

DIRECTORS

The directors shown below have held office during the whole of the period from 1 September 2024 to the date of this report.

S Page

M S H Tayler

Other changes in directors holding office are as follows:

R C Payne FCCA CF - appointed 7 January 2025

FINANCIAL INSTRUMENTS

Credit Risk

Credit risk arises from the risk that customers may not be able to settle obligations to the company within normal terms. The policy of the company is to provide credit terms to credit worthy customers. These debts are continually monitored and therefore the company does not expect to incur material credit losses.

Foreign Currency Risk

The company is exposed to foreign exchange risk on transactions that are denominated in another currency other than GBP. Exposure to foreign exchange risk is monitored on an ongoing basis to ensure that net exposure is kept at a minimal level. If necessary, via hedging contracts with a maturity of less than one year.

Liquidity Risk

The company's approach to managing liquidity is to ensure, as far as possible, that it will always have sufficient liquidity to meet its liabilities when due, under both normal and stressed conditions, without incurring unacceptable losses. Typically, the company has sufficient cash on demand to meet expected operational expenses for the next twelve months.

Capital Management

The company's primary objective is to maintain an optimal capital structure that supports its ability to continue as a going concern and safeguards the return for its shareholders. The company's capital structure includes share capital, reserves and retained earnings.

POLITICAL DONATIONS AND EXPENDITURE

There were no political donations or expenditures within the company.

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, Anstey Bond LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

S Page - Director

23 December 2025

Opinion

We have audited the financial statements of SFC Capital Partners Ltd (the 'company') for the year ended 31 August 2025 which comprise the Statement of 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 31 August 2025 and of its profit 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; or

-	the directors were not entitled to take advantage of the small companies' exemption from the requirement to prepare a Strategic Report.

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:

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:

-

the nature of the industry and sector, control environment and business performance including the design of the Company's remuneration policies, key drivers for directors' remuneration, bonus levels and performance targets;

-

results of our enquiries of management about their own identification and assessment of the risks of irregularities;

-

any matters we identified having obtained and reviewed the Company's documentation of their policies and procedures relating to;

-

identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of noncompliance;

-

detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud;

-

the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations;

-

the matters discussed among the audit engagement team and involving relevant internal specialists, including tax, regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.

As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud in relation to revenue deferrals. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.

We also obtained an understanding of the legal and regulatory frameworks that the Company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act and local tax legislation.

In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the Company's ability to operate or to avoid a material penalty.

Our procedures to respond to risks identified included the following:

-

reviewing and verifying the financial statement disclosures through obtaining supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;

-

enquiring of management concerning actual and potential litigation and claims;

-

performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;

-

reading minutes of meetings of those charged with governance, and reviewing regulatory correspondence;

-

obtained an understanding of provisions and held discussions with management to understand the basis of recognition or non-recognition of tax provisions; and

-

in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members including internal specialists, and remained alert to any indications of fraud or noncompliance with laws and regulations throughout the audit.

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.

Colin Ellis FCCA CF (Senior Statutory Auditor)

for and on behalf of Anstey Bond LLP

Statutory Auditors

& Chartered Accountants

1-2 Charterhouse Mews

London

EC1M 6BB

23 December 2025

TURNOVER

3

2,647,942

1,565,301

Cost of sales

(2,122,436

)

(1,223,773

)

GROSS PROFIT

525,506

341,528

Administrative expenses

(220,748

)

(190,144

)

OPERATING PROFIT

304,758

151,384

Interest receivable and similar income

6

192,517

90,287

497,275

241,671

Gain/loss on revaluation of investments

-

(70,000

)

PROFIT BEFORE TAXATION

497,275

171,671

Tax on profit

7

(124,898

)

(43,499

)

PROFIT FOR THE FINANCIAL YEAR

372,377

128,172

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

372,377

128,172

FIXED ASSETS

Investments

8

30,041

30,041

CURRENT ASSETS

Debtors

9

60,917

120,117

Cash at bank

3,689,481

2,771,473

3,750,398

2,891,590

CREDITORS

Amounts falling due within one year

10

(2,555,297

)

(2,068,866

)

NET CURRENT ASSETS

1,195,101

822,724

TOTAL ASSETS LESS CURRENT LIABILITIES

1,225,142

852,765

CAPITAL AND RESERVES

Called up share capital

11

108,964

108,964

Capital redemption reserve

12

6,036

6,036

Retained earnings

12

1,110,142

737,765

SHAREHOLDERS' FUNDS

1,225,142

852,765

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

S Page - Director

Called up

Capital

share

Retained

redemption

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 September 2023

115,000

819,525

-

934,525

Changes in equity

Share buy back

(6,036

)

(209,932

)

6,036

(209,932

)

Total comprehensive income

-

128,172

-

128,172

Balance at 31 August 2024

108,964

737,765

6,036

852,765

Changes in equity

Total comprehensive income

-

372,377

-

372,377

Balance at 31 August 2025

108,964

1,110,142

6,036

1,225,142

Cash flows from operating activities

Cash generated from operations

1

768,990

595,440

Tax paid

(43,499

)

(70,615

)

Net cash from operating activities

725,491

524,825

Cash flows from investing activities

Purchase of fixed asset investments

-

(12

)

Interest received

192,517

90,287

Net cash from investing activities

192,517

90,275

Cash flows from financing activities

Share buyback

-

(209,932

)

Net cash from financing activities

-

(209,932

)

Increase in cash and cash equivalents

918,008

405,168

Cash and cash equivalents at beginning of year

2

2,771,473

2,366,305

Cash and cash equivalents at end of year

2

3,689,481

2,771,473

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

2025

2024

£

£

Profit before taxation

497,275

171,671

Loss on revaluation of fixed assets

-

70,000

Finance income

(192,517

)

(90,287

)

304,758

151,384

Decrease/(increase) in trade and other debtors

59,200

(117,957

)

Increase in trade and other creditors

405,032

562,013

Cash generated from operations

768,990

595,440

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 31 August 2025

31.8.25

1.9.24

£

£

Cash and cash equivalents

3,689,481

2,771,473

Year ended 31 August 2024

31.8.24

1.9.23

£

£

Cash and cash equivalents

2,771,473

2,366,305

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.9.24

Cash flow

At 31.8.25

£

£

£

Net cash

Cash at bank

2,771,473

918,008

3,689,481

2,771,473

918,008

3,689,481

Total

2,771,473

918,008

3,689,481

1.	STATUTORY INFORMATION

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

The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future through continued support of the directors. On this basis, the directors believe it appropriate to prepare the accounts on a going concern basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents the amount receivable for services rendered, net of returns, discounts and rebates allowed by the company and value added taxes.

Revenue recognition

Revenue is recognised on completion of an investment or supply of services measured at fair value.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Trade and other debtors

Trade and other debtors that are receivable within one year and do not constitute a financing transaction are recorded at the undiscounted amount expected to be received, net of impairment.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

Share capital

Ordinary and Ordinary B shares are classed as equity.

Cash and cash equivalents

Cash and cash equivalents includes cash in hand, cash held with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

3.

TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

An analysis of turnover by class of business is given below:

2025

2024

£

£

Fund revenues

1,598,000

856,307

Management fees

488,661

413,915

Monitoring fees

25,598

25,000

Performance fees

509,601

221,632

Other

26,082

48,447

2,647,942

1,565,301

4.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

24,375

15,000

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

2025

2024

£

£

Directors' remuneration

24,375

15,000

5.	AUDITORS' REMUNERATION

2025

2024

£

£

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

11,000

11,000

6.

INTEREST RECEIVABLE AND SIMILAR INCOME

2025

2024

£

£

Deposit account interest

192,517

90,079

Corporation tax interest

-

208

192,517

90,287

7.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

2025

2024

£

£

Current tax:

UK corporation tax

124,898

43,499

Tax on profit

124,898

43,499

8.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 September 2024

and 31 August 2025

30,041

NET BOOK VALUE

At 31 August 2025

30,041

At 31 August 2024

30,041

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiaries

Earthworm Capital Nominees Limited

Registered office: 2 Maple Court,Davenport Street, Macclesfield, SK10 1JE

Nature of business: Dormant

%

Class of shares:

holding

Ordinary

100.00

30.9.25

30.9.24

£

£

Aggregate capital and reserves

1

1

SFC Nominees Limited

Registered office: 2 Maple Court,Davenport Street, Macclesfield, SK10 1JE

Nature of business: Dormant

%

Class of shares:

holding

Ordinary

100.00

31.8.24

31.8.24

£

£

Aggregate capital and reserves

10

10

SFC BBI Nominees Ltd

Registered office: 2 Maple Court, Davenport Street, Macclesfield, Cheshire, SK10 1JE

Nature of business: Dormant

%

Class of shares:

holding

Ordinary

100.00

31.12.24

31.12.23

£

£

Aggregate capital and reserves

10

10

SFC Algbra (Nominees) Ltd

Registered office: 2 Maple Court, Davenport Street, Macclesfield, Cheshire, SK10 1JE

Nature of business: Dormant

%

Class of shares:

holding

Ordinary

100.00

31.8.25

31.8.24

£

£

Aggregate capital and reserves

1

1

SFC Earth Ltd

Registered office: 2 Maple Court, Davenport Street, Macclesfield, Cheshire, SK10 1JE

Nature of business: Dormant

%

Class of shares:

holding

Ordinary

100.00

30.6.25

30.6.24

£

£

Aggregate capital and reserves

1

1

Associated company

Innvotec Limited

Registered office: 1st Floor, 101 New Cavendish Street, South London, W1W 6XH

Nature of business: Financial intermediation

%

Class of shares:

holding

A Ordinary

3.33

31.12.24

31.12.23

£

£

Aggregate capital and reserves

767,060

257,859

9.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

23,106

109,517

Prepayments & accrued income

37,811

10,600

60,917

120,117

10.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

1,800

17,544

Amounts owed to group undertakings

2,200,000

1,797,884

Tax

124,898

43,499

VAT

15,443

15,638

Other creditors

24,519

24,519

Accruals and deferred income

188,637

169,782

2,555,297

2,068,866

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

51,464

Ordinary

£1

51,464

51,464

57,500

Ordinary B

£1

57,500

57,500

108,964

108,964