Economists Consulting (Overseas) Limited Company accounts

COMPANY REGISTRATION NUMBER: 04363873

Economists Consulting (Overseas) Limited

Unaudited Financial Statements

31 January 2026

Economists Consulting (Overseas) Limited

Financial Statements

Year ended 31 January 2026

Contents	Page

Officers and professional advisers	1

Directors' report	2

Statement of income and retained earnings	3

Statement of financial position	4

Notes to the financial statements	6

The following pages do not form part of the financial statements

Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements	11

Economists Consulting (Overseas) Limited

Officers and Professional Advisers

The board of directors	Car Park Limited (Corporate Director)
	Dr. D. H. Cherro
	C. Padovani Manrique (Appointed 8 October 2025)
	A. Padovani Manrique (Appointed 8 October 2025)

Company secretary	Dr. D.H. Cherro

Registered office	4th Floor
	58-59 Great Marlborough Street
	London
	United Kingdom
	W1F 7JY

Accountants	Higgins Fairbairn & Co
	Chartered accountants
	4th Floor
	58-59 Great Marlborough Street
	London
	W1F 7JY

Economists Consulting (Overseas) Limited

Directors' Report

Year ended 31 January 2026

The directors present their report and the unaudited financial statements of the company for the year ended 31 January 2026 .

Directors

The directors who served the company during the year were as follows:

Car Park Limited (Corporate Director)
Dr. D. H. Cherro
C. Padovani Manrique	(Appointed 8 October 2025)
A. Padovani Manrique	(Appointed 8 October 2025)

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 27 October 2026 and signed on behalf of the board by:

Dr. D. H. Cherro

Director

Registered office:

4th Floor

58-59 Great Marlborough Street

London

United Kingdom

W1F 7JY

Economists Consulting (Overseas) Limited

Statement of Income and Retained Earnings

Year ended 31 January 2026

	2026	2025
Note	£	£

Administrative expenses	49,192	35,300
Other operating income	193,131	–
	---------	--------
Operating profit/(loss)	143,939	( 35,300)

Other interest receivable and similar income		25,035	3,541
Interest payable and similar expenses		9,582	–
		---------	--------
Profit/(loss) before taxation	5	159,392	( 31,759)

Tax on profit/(loss)	6,972	–
	---------	--------
Profit/(loss) for the financial year and total comprehensive income	152,420	( 31,759)
	---------	--------

Retained (losses)/earnings at the start of the year	( 20,427)	11,332
	---------	--------
Retained earnings/(losses) at the end of the year	131,993	( 20,427)
	---------	--------

All the activities of the company are from continuing operations.

Economists Consulting (Overseas) Limited

Statement of Financial Position

31 January 2026

	2026		2025
Note	£	£	£

Fixed assets

Tangible assets	6	4,744	6,326
Investments	7	3,178	3,786
		-------	--------
		7,922	10,112

Current assets

Debtors	8	277,588	96,327
Cash at bank and in hand		926	437
		---------	--------
		278,514	96,764

Creditors: amounts falling due within one year	9	154,441		127,301
		---------		---------
Net current assets/(liabilities)			124,073	( 30,537)
			---------	--------
Total assets less current liabilities			131,995	( 20,425)
			---------	--------
Net assets/(liabilities)			131,995	( 20,425)
			---------	--------

Capital and reserves

Called up share capital	2	2
Profit and loss account	131,993	( 20,427)
	---------	--------
Shareholders funds/(deficit)	131,995	( 20,425)
	---------	--------

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

For the year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Economists Consulting (Overseas) Limited

Statement of Financial Position (continued)

31 January 2026

These financial statements were approved by the board of directors and authorised for issue on 27 October 2026 , and are signed on behalf of the board by:

Dr. D. H. Cherro

Director

Company registration number: 04363873

Economists Consulting (Overseas) Limited

Notes to the Financial Statements

Year ended 31 January 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 4th Floor, 58-59 Great Marlborough Street, London, W1F 7JY, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Income tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax, with the following exceptions: Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred tax is measured on a discounted/an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	25% reducing balance
Equipment	-	25% reducing balance

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2025: 1 ).

5. Profit before taxation

Profit before taxation is stated after charging:

	2026	2025
	£	£
Depreciation of tangible assets	1,582	2,109
	-------	-------

6. Tangible assets

	Fixtures and fittings	Equipment	Total
	£	£	£
Cost
At 1 February 2025 and 31 January 2026	12,881	3,600	16,481
	--------	-------	--------
Depreciation
At 1 February 2025	7,403	2,752	10,155
Charge for the year	1,370	212	1,582
	--------	-------	--------
At 31 January 2026	8,773	2,964	11,737
	--------	-------	--------
Carrying amount
At 31 January 2026	4,108	636	4,744
	--------	-------	--------
At 31 January 2025	5,478	848	6,326
	--------	-------	--------

7. Investments

	Shares in group undertakings	Other investments other than loans	Total
	£	£	£
Cost
At 1 February 2025	3,145	641	3,786
Disposals	–	( 608)	( 608)
	-------	----	-------
At 31 January 2026	3,145	33	3,178
	-------	----	-------
Impairment
At 1 February 2025 and 31 January 2026	–	–	–
	-------	----	-------

Carrying amount
At 31 January 2026	3,145	33	3,178
	-------	----	-------
At 31 January 2025	3,145	641	3,786
	-------	----	-------

Shares in group undertakings comprise a 54.84% shareholding in Inuit Mobile, a company incorporated in Spain. Other investments comprise shares in Finalbion S.à r.l., a company incorporated in Luxembourg. During the year, the Company transferred 293 Class B shares in Finalbion in exchange for rights to loan principal amounting to £193,739 under asset tracking loan facilities. The Company also acquired 66 Class A shares in Finalbion for nil consideration.

Following these transactions, the Company holds 66 Class A shares and 16 Class B shares in Finalbion.

8. Debtors

	2026	2025
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	4,638	39,691
Other debtors	272,950	56,636
	---------	--------
	277,588	96,327
	---------	--------

Amounts owed by group undertakings include £4,638 (2025: £39,691) due from Inuit Mobile, a subsidiary incorporated in Spain. Other debtors include £272,732 (2025: £51,671) relating to principal and accrued interest receivable under Asset Tracking Loan facilities from Finalbion S.à r.l., a company incorporated in Luxembourg in which the Company holds an investment.

9. Creditors: amounts falling due within one year

	2026	2025
	£	£
Corporation tax	6,973	–
Other creditors	147,468	127,301
	---------	---------
	154,441	127,301
	---------	---------

Other creditors include £49,526 (2025: £49,526) payable to the Company's ultimate beneficial owner and a loan, including accrued interest, of £82,332 (2025: £63,250) from the spouse of the ultimate beneficial owner.

10. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2026
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Car Park Limited (Corporate Director)	( 14,525)	4,723	( 9,802)
	--------	-------	-------

	2025
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Car Park Limited (Corporate Director)	( 14,525)	–	( 14,525)
	--------	----	--------

11. Controlling party

The immediate holding company is Car Park Limited, a company registered in British Virgin Islands.

Economists Consulting (Overseas) Limited

Management Information

Year ended 31 January 2026

The following pages do not form part of the financial statements.

Economists Consulting (Overseas) Limited

Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Economists Consulting (Overseas) Limited

Year ended 31 January 2026

As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 January 2026, which comprise the statement of income and retained earnings, statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

Higgins Fairbairn & Co Chartered accountants

4th Floor 58-59 Great Marlborough Street London W1F 7JY

27 October 2026