REGISTERED NUMBER: 02673030 (England and Wales)

Financial Statements

for the Year Ended 30th June 2025

for

Sloane Corporate Finance Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

7

DIRECTORS:

P R S Earl

A Protasova

SECRETARY:

E R Shaw

REGISTERED OFFICE:

15th Floor, Millbank Tower

21-24 Millbank

London

SW1P 4QP

REGISTERED NUMBER:

02673030 (England and Wales)

ACCOUNTANTS:

Cameron Baum Hollander Limited

Suite A

1-3 Canfield Place

London

NW6 3BT

FIXED ASSETS

Property, plant and equipment

4

27,448

29,052

CURRENT ASSETS

Debtors

5

631,781

316,052

Investments

6

2,997,820

25,001

Cash at bank

5,518,563

782,670

9,148,164

1,123,723

CREDITORS

Amounts falling due within one year

7

(9,000,623

)

(990,394

)

NET CURRENT ASSETS

147,541

133,329

TOTAL ASSETS LESS CURRENT LIABILITIES

174,989

162,381

PROVISIONS FOR LIABILITIES

(6,839

)

(7,235

)

NET ASSETS

168,150

155,146

CAPITAL AND RESERVES

Called up share capital

43,002

43,002

Retained earnings

125,148

112,144

SHAREHOLDERS' FUNDS

168,150

155,146

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 18th June 2026 and were signed on its behalf by:

P R S Earl - Director

1.	STATUTORY INFORMATION

Sloane Corporate Finance 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

The financial statements are prepared on the going concern basis, under the historical cost convention, and comply with the financial reporting standards of the Financial Reporting Council including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") as adapted by Section 1A of FRS 102, the Companies Act 2006.

The financial statements are prepared in Sterling which is the functional currency of the company.

Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income from corporate advisory services is recognised in the period in which the services are provided.

Turnover when the company is acting as principal in cross-border commodity trades is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer, usually on dispatch of the goods, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Property, plant and equipment

Property, plant and equipment are stated at historical cost less accumulated depreciation and accumulated impairment losses.

Depreciation is recognised to write off the cost of assets less their residual values over their useful lives, using the straight line method.

The useful lives of each category of asset is as follows:

Furniture and fixtures 4 years

Computer equipments 3 years

The company's policy is to review the remaining useful economic lives and residual values of property, plant and equipment on an on-going basis and to adjust the depreciation charge to reflect the remaining estimated useful economic life and residual value.

Fully depreciated property, plant & equipment are retained in the cost of property, plant & equipment and related accumulated depreciation until they are removed from service. In the case of disposals, assets and related depreciation are removed from the financial statements and the net amount, less proceeds from disposal, is charged or credited to the profit and loss account.

Assets not carried at fair value are also reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount.

The recoverable amount is the higher of an asset's fair value less costs to sell and value in use. Value in use is defined as the present value of the future pre-tax and interest cash flows obtainable as a result of the asset's continued use. The pre-tax and interest cash flows are discounted using a pre-tax discount rate that represents the current market risk free rate and the risks inherent in the asset. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are

separately identifiable cash flows (cash-generating units).

If the recoverable amount of the asset (or asset's cash generating unit) is estimated to be lower than the carrying amount, the carrying amount is reduced to its recoverable amount. An impairment loss is recognised in the profit and loss account, unless the asset has been revalued when the amount is recognised in other comprehensive income to the extent of any previously recognised revaluation. Thereafter any excess is recognised in profit or loss.

If an impairment loss is subsequently reverses, the carrying amount of the asset (or asset's cash generating unit) is increased to the revised estimate of its recoverable amount, but only to the extent that the revised carrying amount does not exceed the carrying amount that would have been determined (net of depreciation) had no impairment loss been recognised in prior periods. A reversal of an impairment loss is recognised in the profit and loss account.

Taxation

Taxation for the year 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 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.

Foreign currencies

Items included in the financial statements of the company are measured using the currency of the primary economic environment in which the company operates ("the functional currency"). The financial statements are presented in Sterling, which is the company's functional and presentation currency and is denoted by the symbol "£".

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents and all other foreign exchange gains and losses are presented in the profit and loss account within 'Foreign exchange losses or gains'.

Cash and cash equivalents

Cash and cash equivalents include cash on hand, demand deposits and other short- term highly liquid investments with original maturities of three months or less. Bank overdrafts are shown within borrowings in current liabilities on the statement of financial position.

Investments

Investments in listed Company shares are measured to market value at each balance sheet date. Gains and losses on re-measurement are recognised in the Income statement for the period.

Current asset investments

Current asset investments comprise bond holdings which are basic debt instruments under FRS 102. These investments are initially recognised at transaction price plus directly attributable transaction costs and are subsequently measured at amortised cost using the effective interest method, less impairment.

Interest receivable is recognised in profit or loss over the term of the instrument using the effective interest method. Investments are included within current assets where they are expected to mature or be realised within twelve months of the balance sheet date.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st July 2024

91,028

Additions

12,345

At 30th June 2025

103,373

DEPRECIATION

At 1st July 2024

61,976

Charge for year

13,949

At 30th June 2025

75,925

NET BOOK VALUE

At 30th June 2025

27,448

At 30th June 2024

29,052

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

631,781

316,052

6.	CURRENT ASSET INVESTMENTS

2025

2024

£

£

Unlisted investments

25,001

25,001

Bond investments

2,972,819

-

2,997,820

25,001

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

40,197

983,394

Taxation and social security

1,555

-

Other creditors

8,958,871

7,000

9,000,623

990,394

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th June 2025 and 30th June 2024:

2025

2024

£

£

P R S Earl

Balance outstanding at start of year

39,002

(10,271

)

Amounts advanced

178,806

140,448

Amounts repaid

(122,004

)

(91,175

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

95,804

39,002

Interest of £1,761 was charged on the directors' advances at a rate of 2.25% per annum, and 3.75% per annum after 6 April 2025.

9.	RELATED PARTY DISCLOSURES

The company paid rent of £12,000 (2024: £6,000) and consultancy fees of £64,737 (2024: £20,000) to a director during the year.

As at 30 June 2025, the company had amounts receivable from companies in which Mr P. R. S. Earl is a director or shareholder, being Independent Power Corporation Plc £276,193 (2024: £163,386), Rurelec Chile Limitada £87,287(2024: £55,073) and IPC New World Energy Ltd £104,393 (2024: £nil).

10.	POST BALANCE SHEET EVENTS

Subsequent to the year end, the company completed on 20 March 2026 the acquisition of land and buildings in Fosciandora, Italy, together with the Sanuccio Agricultural Building Conversion Project, from P R S Earl, a director of the company, for consideration of £250,000.

As part of this transaction, the balance due from P R S Earl at 30 June 2025 of £95,804 was settled by crediting the director's loan account against the purchase consideration.

This transaction is a non-adjusting event after the reporting date and has therefore not been reflected in the amounts recognised in these financial statements.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Sloane Corporate Finance Limited for the year ended 30th June 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Sloane Corporate Finance Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Sloane Corporate Finance Limited and state those matters that we have agreed to state to the Board of Directors of Sloane Corporate Finance Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sloane Corporate Finance Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Sloane Corporate Finance Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Sloane Corporate Finance Limited. You consider that Sloane Corporate Finance Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Sloane Corporate Finance Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Cameron Baum Hollander Limited

Suite A

1-3 Canfield Place

London

NW6 3BT

22nd June 2026