Company registration number 11115718 (England and Wales)
SEED CAPITAL SOLUTIONS PLC
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

SEED CAPITAL SOLUTIONS PLC
COMPANY INFORMATION
Directors Mr. D Greef
Mr. J Zorbas
Mr. S Karupiah
Mr A K Robinson
Company number 11115718
Registered office 80 Cheapside
London
EC2V 6EE
Auditor Haysmacintyre LLP
10 Queen St Place
London
EC4R 1AG
Company Secretary Kitwell Administration Limited
High Turnshaw Farm
Pickles Hill
Oldfield
BD22 0RY
Registrar Avenir Registrars Limited
5 St John’s Lane
London EC2 4BH
Solicitors Hill Dickinson LLP
The Broadgate Tower
20 Princess Street
London EC2A 2EW

SEED CAPITAL SOLUTIONS PLC
CONTENTS
Page
Chairman's statement 1
Strategic report 2 - 4
Directors' report 5 - 6
Directors' responsibilities statement 7
Directors' remuneration report 8 - 10
Independent auditor's report 11 - 17
Statement of comprehensive income 18
Statement of financial position 19
Statement of changes in equity 20
Statement of cash flows 21
Notes to the financial statements 22 - 33

SEED CAPITAL SOLUTIONS PLC
CHAIRMAN'S STATEMENT
FOR THE YEAR ENDED 30 JUNE 2024
- 1 -
I am pleased to present the Financial Statements of Seed Capital Solutions plc (“the Company”) for the year ended
30 June 2024.
The Directors have reviewed several companies within the year but no compelling opportunities have presented
themselves. The Directors continue to actively review opportunities and will inform shareholders in due course
when an acquisition target is found.
I look forward to updating shareholders on progress in the future.
.............................................
Mr. D Greef
Chairman
Date: 25 October 2024

SEED CAPITAL SOLUTIONS PLC
STRATEGIC REPORT
FOR THE YEAR ENDED 30 JUNE 2024
- 2 -
The directors present the strategic report for the year ended 30 June 2024.
Review of business and analysis using Key Performance Indicators
The Company was incorporated on 18 December 2017. As at the date of preparation of these accounts, the
Company does not have any current operations / principal activities, no products are sold or services performed by
the Company, the Company does not operate or compete in any specific market, and the Company has no
subsidiaries. The Company has been formed for the purpose of acquiring a business or businesses operating in
market sectors that display strong environmental, social and governance (“ESG”) credentials, thereby benefitting
from the current trend of superior performance aligned with increased investor appetite. The Company is not
geographically focused on any one or specific country or region, but rather opportunity focused hence any potential
acquisition opportunities will not be limited by jurisdiction or geography.
As the Company has yet to commence any commercial activities, its key performance indicators are limited to cash
balances and expenses incurred, measured as loss before taxation as follows:
30 June 2024 30 June 2023
£ £
Cash balances 518,144 517,279
Loss before taxation (262,412) (174,781)
Principal risks and uncertainties
The Company’s primary risk is that it may not be able to identify suitable investment opportunities and timing can
be uncertain or there is no guarantee that the Company will be able to secure an acquisition on commercially
acceptable terms, and the Company may incur costs in conducting due diligence into potential investment
opportunities that may not result in an investment being made putting further pressure on liquidity. The directors
believe that their broad collective experience, together with their extensive network of contacts will assist them in
identifying, evaluating, and funding suitable acquisition opportunities.
It may be necessary to raise additional funds in the future by a further issue of new Ordinary Shares or by other
means. However, the ability to fund future investments and overheads as well as the ability of any acquisition to
return suitable profit cannot be guaranteed.
Future Developments and strategy
The Company was Admitted to the Standard Listing of the London Stock Exchange on 11 April 2023. The Directors
are now targeting socially conscious technology-based organisations which are capable of generating sustainable
long-term growth for investors. The Company’s initial focus will be to identify opportunities to acquire companies
with undervalued or pre-commercialisation technologies, or current commercialisation technologies which, when
applied, produce cost savings or revenue enhancement for customers. These commercial advantages could offer
market and sector beating performance potential whilst fulfilling the Company’s ESG assessment criteria.
Effective as of July 2024, pursuant to the changes to the UK listing regime, the listing category of the Company has
been changed from 'Standard listing (shares)' to 'Equity shares (shell companies)'.
Non-financial information
The Company has no business activities and so the only non-financial key performance indicators relate to progress
on the identification and assessment of potential targets. The Company is a low energy user and so is exempt from
the Streamlined Energy and Carbon Reporting requirements. Once an acquisition has been completed the Board
will review the activities of the enlarged group and will consider reporting on environmental issues, human rights
and anti-corruption and anti-bribery matters.

SEED CAPITAL SOLUTIONS PLC
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 3 -
Corporate governance
The Company is not required to comply with the UK Corporate Governance Code, which is only applicable to
companies with premium listing (the Company had a standard listing). Nevertheless, the Directors are committed
to maintaining high standards of corporate governance and propose, so far as is practicable given the Company’s
size and nature, to voluntarily adopt and comply with certain aspects of the Quoted Companies Alliance (QCA) Code
when an acquisition has been completed. The Board considers that, due to the size and current activities of the
Company, its current composition and structure is appropriate to maintain effective oversight of the Company’s
activities.
The structure of the Board will be reviewed as and when the activities of the Company progress to a sufficient size
and complexity to require additional independent oversight. It is intended that additional Directors will be
appointed in the near future once prospective acquisitions have been identified and that independence will be one
of the factors taken into account at such time.
Following completion of an acquisition, the Company plans on appointing more directors (including more
independent directors) and the Directors will establish suitable remuneration, nomination and audit committees at
the time of completion of an acquisition. While the Company is in its current phase of identifying potential
acquisition targets the functions of these committees are undertaken by the full Board of directors. The Company
will adopt further provisions of the QCA Code as relevant when an acquisition has been completed. When such
adoption occurs, this will be duly notified to the Shareholders and announced accordingly.
Following the completion of an acquisition the Company will re-evaluate its corporate governance policies and
procedures in line with the size and operations of the enlarged Group.
Section 172(1) statement
This section serves as our Section 172 statement in compliance with the Companies Act 2006. Section 172 (1) (a) to
(f) of the Act requires the Directors to have regard to the interests of our wider stakeholders when making key
decisions across a range of areas. We identify our stakeholders as our employees (at this stage there are none apart
from the Directors), our customers (at this stage there are none), our suppliers, our communities / environment,
our shareholders and government and regulators. In the paragraphs below we identify the interests of our
stakeholders and our desire to ensure we act fairly, with a reputation for high standards of business conduct, and
the long-term consequences of the decisions we take, underpin the way in which we operate.
Our suppliers:
It is key that we engage with our service providers to ensure we maintain high standards of our carefully selected
service providers.
Our communities/environment:
The Company is committed to building positive relations with the communities in which we operate. We also have
a responsibility to work to reduce our impact on the environment and engage with stakeholders to discuss how
everyone can move towards a more sustainable business model.
Our stakeholders:
We create value for our stakeholders by generating strong and sustainable results. The Directors engage through
regular meetings and regular operational and financial performance updates. The key topics of engagement are
strategy, financial performance, governance and investments.
Government and regulators:
It is important we engage with governments and regulators to ensure compliance with local laws and regulations.
The Directors engage through regular communication and engagement with authorities, as necessary.

SEED CAPITAL SOLUTIONS PLC
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 4 -
On behalf of the board
.............................................
Mr. J Zorbas
Director
Date: 25 October 2024

SEED CAPITAL SOLUTIONS PLC
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 JUNE 2024
- 5 -
The directors present their annual report and financial statements for the year ended 30 June 2024.
Principal activities
The Company has been incorporated to act as a special purpose acquisition vehicle. The Company listed on the
London Stock Exchange on 11 April 2023 and is now seeking an appropriate acquisition. It does not have any current
business activities.
Results and dividends
The loss for the year after taxation amounted to £262,412 (2023: £174,781). The directors do not recommend the
payment of a dividend (2023: £nil).
Directors
The directors who held office during the year and up to the date of signature of the financial statements were as
follows:
Mr. D Greef
Mr. J Zorbas
Mr. S Karupiah
Mr A K Robinson (Appointed 12 March 2024)
Mr M Hirschfield (Resigned 12 March 2024)
Political donations
The company did not make any political contributions in the year ended on 30 June 2024 (2023: £Nil).
Post reporting date events
The company has nothing to report post year end.
Auditor
The auditor, Haysmacintyre LLP, will be proposed for reappointment at the next Annual General Meeting of the
Company.
Energy and carbon reporting
The Company is a low energy user and as such is exempt from reporting under these regulations.
The Company currently has no process for identifying and assessing climate-related risks and opportunities given
they are not deemed material to the Company. The Board will keep this assessment under regular review as part o
f
any plan to move towards commercial activity

SEED CAPITAL SOLUTIONS PLC
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 6 -
Statement of disclosure to auditor
Each director in office at the date of approval of this annual report confirms that:
• so far as the director is aware, there is no relevant audit information of which the company's auditor is unaware,
and
• the director has taken all the steps that he / she ought to have taken as a director in order to make himself /
herself aware of any relevant audit information and to establish that the company's auditor is aware of that
information.
This confirmation is given and should be interpreted in accordance with the provisions of section 418 of the
Companies Act 2006.
Going concern
The Directors believe based on cash flow projections that the Company has sufficient resources to continue in
operational existence for the period to 31 October 2025. The Company has minimal ongoing overheads so the key
variable factor will be the costs to be incurred on undertaking commercial, legal and financial due diligence on
potential acquisition targets. The members of the Board have considerable experience in these matters and will
undertake an internal review of targets to screen out unsuitable targets before engaging suitable advisors and
incurring due diligence costs. The financial projections include an estimate of potential due diligence costs incurred
during the review period.
However, as disclosed in the strategic report, the Company’s primary risk is that it may not be able to identify
suitable investment opportunities and timing can be uncertain or there is no guarantee that the Company will be
able to secure an acquisition on commercially acceptable terms, and the Company may incur costs in conducting
due diligence into potential investment opportunities that may not result in an investment being made putting
further pressure on liquidity indicating that the Company’s ability to continue as a going concern may be dependent
on a future capital market fund raise.
Since the Company’s acquisition plans, are largely reliant upon a future capital market fund raise and associated
market conditions which are not guaranteed, there exists a material uncertainty as to the Company’s ability to
continue as a going concern.
Diversity
The company aims to provide equality, fairness for all employees and is committed to employing and retaining a
skilled workforce with the right qualifications and talents from a variety of backgrounds. As the company looks for
opportunities it has not yet recruited any staff members other than the directors and as such the company has not
converted these principles into a formal policy. The Board will continue to monitor this. Overall, of our 4 Directors,
all are male.
On behalf of the board
..............................................
Mr. J Zorbas
Director
Date: 25 October 2024

SEED CAPITAL SOLUTIONS PLC
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 30 JUNE 2024
- 7 -
The directors are responsible for preparing this annual report and the financial statements in accordance with
applicable law and regulations and UK-adopted international accounting standards.
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 UK adopted International Financial
Reporting Standards (‘’IFRSs’’). 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 judgments and accounting estimates that are reasonable and prudent;
• state whether applicable 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.

SEED CAPITAL SOLUTIONS PLC
DIRECTORS’ REMUNERATION REPORT
FOR THE YEAR ENDED 30
J
UNE 2024
- 8 -
Remuneration Policies (unaudited)
The Directors’ remuneration primarily comprises a base fee or salary. Directors also receive reimbursement for
expenses incurred whilst performing services for the Company.
Service contracts (unaudited)
There are Directors who through a Company which they hold beneficial interest in, have also entered into service
agreements with the Company and continue to be engaged under these agreements until terminated by the
Company. Further details can be found in the remuneration table below and note 16 to the financial statements.
In the event of termination or loss of office, the Director is entitled only to payment of their basic salary in respect
of the notice period. In the event of termination or loss of office in the case of a material breach of contract the
Director is not entitled to any further payment.
The Board is of the view that share ownership by Directors strengthens the link between their personal interests
and those of shareholders.
UK Performance graph
The Directors have considered the performance graph showing the performance of the shares of the Company
from the date of admission against a related index, in this case, the index used is FTSE World Index UK.
Implementation Report
Particulars of Directors’ Remuneration (audited)
Particulars of directors’ remuneration under the Companies Act 2006 are required to be audited, are given in
Note 6 and details are given further below.

SEED CAPITAL SOLUTIONS PLC
DIRECTORS’ REMUNERATION REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 9 -
Remuneration approved for the Directors’ during the year ended 30 June 2024 was:
Salary Fees Total
£ £ £
Damion Greef 24,000 - 24,000
Mike Hirschfield 22,774 7,200 29,974
Avi Robinson 7,334 - 7,334
Segar Karupiah 22,000 16,800 38,800
76,108 24,000 100,108
Remuneration approved for the Directors’ during the year ended 30 June 2023 was :
Salary Bonus Fees Share-based
payments
Total
£ £ £
Damion Greef 6,000 8,000 - 3,600 17,600
Mike Hirschfield 6,000 8,000 4,800 3,600 22,400
Derek Ward 8,000 8,000 - 3,600 19,600
Segar Karupiah - - 2,400 - 2,400
20,000 24,000 7,200 10,800 62,000
There were no performance measures or targets associated with any aspect of Directors’ remuneration.
Payments to past Directors (audited)
Mike Hirschfield ceased to be director with effect from 12 March 2024 and was paid 3 months’ notice pay as part
of the contract.
Bonus and incentive plans (audited)
There are no bonus or incentive plans currently in place.
Percentage change in the remuneration of the Chief Executive (audited)
The Chief Executive received no remuneration for the year ended 30 June 2023 and 30 June 2024 and accordingly
there is no percentage change.
Other matters
The Group does not have any pension plans for any of the Directors and does not pay contributions in relation to
their remuneration. During the year, the Group has not paid out any excess retirement benefits or compensation
for loss of office to any Directors.
A
pproval by members (unaudited)
The remuneration report details will be put forward for approval at the next Annual General Meeting.

SEED CAPITAL SOLUTIONS PLC
DIRECTORS’ REMUNERATION REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 10 -
Directors’ interests in shares
The Company has no minimum Director shareholding requirements. During the year, the Chief Executive acquired
beneficial interest of 10 million shares as part of an off-market transaction.
The beneficial interest of the Directors in the Ordinary Share Capital of the Company at 30 September 2024 was:
Number
% age of issued share
capital
Damion Greef 10,000,000 5.39%
John Zorbas 10,000,000 5.39%
Mike Hirschfield 6,000,000 3.24%
185,406,000 14.02%
The number of vested but unexercised options held by the directors at 30 June 2024 was:
Number
% age of issued
options
Damion Greef 1,333,333 16.04%
Mike Hirschfield 1,333,333 16.04%
8,313,532 32.08%
Remuneration Committee (unaudited)
Given the size of the Company and its operations, the Board has not yet established a separate Remuneration
Committee. However, upon completion of a successful acquisition, the Board will move to establish a
Remuneration Committee. The Remuneration Committee will have responsibility for determining, within agreed
terms of reference, the Company’s policy on the remuneration of any senior executives.
On behalf of the board
..............................................
Mr. J Zorbas
Director
Date: 25 October 2024

SEED CAPITAL SOLUTIONS PLC
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF SEED CAPITAL SOLUTIONS PLC
- 11 -
Opinion
We have audited the financial statements of Seed Capital Solutions Plc (the ‘Company’) for the year ended 30 June
2024 which comprise the Statement of comprehensive income, the Statement of Financial Position, the Statement
of changes in equity, the Statement of cash flows and notes to the financial statements, including a summary o
f
significant accounting policies.
The financial reporting framework that has been applied in their preparation is applicable law and UK adopted
International Financial Reporting Standards (IFRSs).
In our opinion, the financial statements:
• give a true and fair view of the state of the Company’s affairs as at 30 June 2024 and of its loss for the year
then ended;
• have been properly prepared in accordance with UK adopted IFRSs; 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 Auditor’s 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 o
f
the financial statements in the UK, including the FRC’s Ethical Standard as applied to listed entities, 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.
An overview of the scope of our audit
As part of designing our audit, we determined materiality and assessed the risks of material misstatement in the
financial statements. In particular, we looked at where the directors made subjective judgements, for example in
respect of significant accounting estimates that involved making assumptions and considering future events that
are inherently uncertain. As in all of our audits, we also addressed the risk of management override of controls,
including evaluating whether there was evidence of bias by the directors that represented a risk of material
misstatement due to fraud. We tailored the scope of our audit to ensure that we performed enough work to be able
to give an opinion on the financial statements as a whole, taking into account the structure of the Company, the
accounting processes and the industry in which it operates. Our audit consisted principally of substantive tests o
f
detail as this was deemed the most efficient and effective way of amassing sufficient reliable audit evidence.
Material uncertainty related to going concern
We draw attention to Note 1.2 in the financial statements, which indicates that the Company’s ability to continue
as a going concern may be dependent on a future capital market fund raise. As stated further in the note, these
conditions, and uncertain future events, along with other matters as set forth therein, indicate that a material
uncertainty exists that may cast significant doubt on the Company’s ability to continue as a going concern. Our
opinion is not modified in respect of this matter.
In auditing the financial statements, we have concluded that the directors’ use of the going concern basis o
f
accounting in the preparation of the financial statements is appropriate.
Our evaluation of the directors’ assessment of the Company’s ability to continue to adopt the going concern basis
of accounting included:

SEED CAPITAL SOLUTIONS PLC
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF SEED CAPITAL SOLUTIONS PLC (CONTINUED)
- 12 -
• Reviewing, assessing and discussing management’s assessment of the Company’s ability to remain a going
concern;
• Reviewing and understanding the cash flow forecasts for the period to end of October 2025 which are a key
element of management’s going concern assessment;
• Assessing and challenging the inputs and judgements made in the preparation of the cash flow forecasts
for the period to end of October 2025; and
• Performing sensitivity analysis, including stress test and reverse stress test to model the effect of changing
assumptions made or amending key data used in management’s cash flow forecasts and considering the
impact on the Company’s ability to adopt the going concern basis.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the
relevant sections of this report. However, because not all future events or conditions can be predicted, this
statement is not a guarantee as to the Company’s ability to continue as a going concern.
Key audit matters
Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of the
financial statements of the current period and include the most significant assessed risks of material misstatement
(whether or not due to fraud) we identified, including those which had the greatest effect on:
• the overall audit strategy,
• the allocation of resources in the audit; and
• directing the efforts of the engagement team.
These matters were addressed in the context of our audit of the financial statements as a whole, and in forming our
opinion thereon, and we do not provide a separate opinion on these matters.
In determining the key audit matters we considered the:
• Areas of higher risks of material misstatement or significant risks identified in accordance with ISA (UK) 315
• Significant audit judgements on financial statement line items that involved significant management
judgement such as accounting estimates, and
• The impact of significant events and transactions during the period covered by the audit.
The following table summarises the key audit matters we have identified and rationale for their identification
together with how we responded to each in our audit and our key observations.
Risk magnitude key
New risk
Identified in the prior
year

SEED CAPITAL SOLUTIONS PLC
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF SEED CAPITAL SOLUTIONS PLC (CONTINUED)
- 13 -
Key audit matter How we addressed the key audit matter in the audit
Presumed risk of management
override
We are required to consider and
respond to the risks arising from
management override of controls.
The risk of misappropriation of assets
and the risks of misrepresentation of
financial information.
Management is in a unique position
to manipulate accounting records and
prepare fraudulent financial
statements by overriding controls
that otherwise appear to be
operating effectively. Although the
level of risk of management override
of controls will vary from entity to
entity, the risk is nevertheless present
in all entities. Due to the
unpredictable way in which such
override could occur, it is a risk of
material misstatement due to fraud
and thus a significant risk on all
audits. Our audit methodology
incorporates the risk of management
override as a default significant risk.
We have analysed the journals made in the year and
determined the risk criteria for identifying higher risk
journals. Subsequently significant, unusual or unexpected
journal postings have been investigated and verified.
We have undertaken the following procedures (but not
limited to) to address the risk arising from management
override of controls:
• Reviewed, assessed and documented the systems
and controls implemented around posting of
journals;
• Reviewed and tested a sample of journal entries
made as part of the year-end financial reporting
process and those made in the period. Where
considered necessary we made further inquiries
regarding any seemingly inappropriate or unusual
journal or other adjustments;
• Identified high-risk journals and unusual journals,
if any, as part of our review of the process and
made further enquiries and tested those journals,
where relevant;
• Assessed the appropriateness of accounting for
significant transactions that are outside the
Company's normal course of business or are
otherwise unusual. We have reviewed the key
controls and perform walkthrough tests as part of
our Business Processes work and determined any
weaknesses which could lead to management
override; and
• We have considered and reviewed journals
posted around areas requiring judgement or
estimates and tested the appropriateness of
journals posted and the judgements and
estimates made by management.
Key observations:
Based on the procedures performed and for the samples
selected, we have not come across any seemingly unusual
or unauthorised journals without a valid business purpose
and any indications of management override.

SEED CAPITAL SOLUTIONS PLC
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF SEED CAPITAL SOLUTIONS PLC (CONTINUED)
- 14 -
The table below shows our judgement of the magnitude and likelihood of key audit matter risk:
Our application of materiality
The scope and focus of our audit were influenced by our assessment and application of materiality. We define
materiality as the magnitude of misstatement that could reasonably be expected to influence the readers and the
economic decisions of the users of the financial statements. We use materiality to determine the scope of our audit
and the nature, timing and extent of our audit procedures and to evaluate the effect of misstatements, both
individually and on the financial statements as a whole.
Overall materiality – Overall materiality has been based on 2% of total equity which is a consistent basis to that
used in the previous year and set at £9,000 (FY23: £14,000). We consider total equity as an appropriate basis o
f
materiality as the Company is loss making and there is no revenue earned in the year, so an income-based measure
or activity-based measure is not considered to be appropriate.
Performance materiality - Performance materiality was set at 70% of overall materiality, being £6,300 (FY23:
£7,000). Our performance materiality was increased from 50% used in the previous year as it was considered
appropriate to address the likelihood and magnitude of corrected and uncorrected misstatements.
Reporting threshold - The reporting threshold to the audit committee was set as 5% of overall materiality, being
£450 (FY23: £700). If, in our opinion differences below this level warranted reporting on qualitative grounds, these
would also be reported.
Differences in materiality levels from the previous audit – The prior year audit was performed in a period in which
the Company was admitted to the standard listing of the London Stock Exchange. In the year ended 30 June 2024,
there has been no major activity, accordingly, our assessment of materiality was principally based on total equity
which takes into consideration the operating results for the year.
Management
override of controls
Likelihood (low to high)
Magnitude (low to high)
Risk Areas (by magnitude and likelihood)

SEED CAPITAL SOLUTIONS PLC
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF SEED CAPITAL SOLUTIONS PLC (CONTINUED)
- 15 -
Other information
The directors are responsible for the other information. The other information comprises the information included
in the annual report, other than the financial statements and our auditor’s report 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 there is a material
misstatement in the financial statements or a material misstatement of the other information. 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 directors’ report for the financial year for which the
financial statements are prepared is consistent with the financial statements; and
• the strategic report and the directors’ report 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 directors’ report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires
us to report to you if, in our opinion:
• adequate accounting records have not been kept by the Company, or returns adequate for our audit have
not been received from branches not visited by us; or
• the Company 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.

SEED CAPITAL SOLUTIONS PLC
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF SEED CAPITAL SOLUTIONS PLC (CONTINUED)
- 16 -
Responsibilities of directors
As explained more fully in the directors’ responsibilities statement, 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 is 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 o
f
accounting unless the directors either intend to liquidate the Company or to cease operations, or have no realistic
alternative but to do so.
Auditor’s 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 an auditor’s report 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.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in
line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including
fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.
However, the primary responsibility for the prevention and detection of fraud rests with both those charged with
governance of the Company and management.
Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud
Based on our understanding of the Company and industry, we identified that the principal risks of non-compliance
with laws and regulations related to compliance with Company Law and Listing Rules. We considered the extent to
which non-compliance might have a material effect on the financial statements. We also considered those laws and
regulations that have a direct impact on the preparation of the financial statements such as tax laws.
We evaluated management’s incentives and opportunities for fraudulent manipulation of the financial statements
and determined that the principal risks were related to management override of controls (including management
bias in accounting estimates) and going concern basis of accounting. Audit procedures performed by the
engagement team included:
• Discussions with management including consideration of known or suspected instances of non-compliance
with laws and regulation and fraud;
• The evaluation of management’s controls designed to prevent and detect irregularities;
• The identification and review of manual journals, in particular journal entries which shared key risk
characteristics; and
• The review and challenge of assumptions, estimates and judgements made by management in their
recognition of accounting estimates.

SEED CAPITAL SOLUTIONS PLC
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF SEED CAPITAL SOLUTIONS PLC (CONTINUED)
- 17 -
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 is also
greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment,
forgery, collusion, omission or misrepresentation.
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 auditor’s
report.
Other matters which we are required to address
Auditor tenure
With effect from 9 April 2021, we were appointed by the Board of Directors to audit the financial statements for the
year ended 31 December 2020 and subsequent financial periods. The period of total uninterrupted engagement o
f
the firm is four years.
Consistency of the audit report with the additional report to the Audit Committee
Our audit opinion is consistent with the additional report to the Audit Committee we are required to provide in
accordance with ISAs (UK).
Non-audit and other services
No non-audit services or additional services in addition to the audit have been provided and we remained
independent of the Company in conducting the audit.
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 an Auditor's report 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.
David Cox (Senior Statutory Auditor)
For and on behalf of Haysmacintyre LLP, Statutory Auditors
10 Queen Street Place
London EC4R 1AG
25 October 2024

SEED CAPITAL SOLUTIONS PLC
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 JUNE 2024
- 18 -
2024 2023
Notes
££
Administrative expenses
(262,412) (152,334)
Share based payment charge
- (22,447)
Operating loss (262,412) (174,781)
Income tax expense
7 --
Loss and total comprehensive income for the year 14 (262,412) (174,781)
Loss per share 8
Basic (0.14)p (0.23)p
Diluted
(0.14)p (0.23)p
The income statement has been prepared on the basis that all operations are continuing operations.
The notes on pages 22 to 33 form part of these financial statements.

SEED CAPITAL SOLUTIONS PLC
STATEMENT OF FINANCIAL POSITION
A
S AT 30 JUNE 2024
- 19 -
2024 2023
Notes
££
Current assets
Trade and other receivables 9 10,854 305,661
Cash and cash equivalents
518,144 517,279
528,998 822,940
Current liabilities
Trade and other payables 10 69,013 100,543
Net current assets 459,985 722,397
Net assets 459,985 722,397
Equity
Called up share capital 11 463,515 463,515
Share premium account
12 539,326 539,326
Share based payments reserve
13 22,447 22,447
Retained earnings
14 (565,303) (302,891)
Total equity 459,985 722,397
The financial statements were approved by the board of directors and authorised for issue on 25 October 2024 and
are signed on its behalf by:
..............................................
Mr. D Greef
Director
Company registration number 11115718 (England and Wales)

SEED CAPITAL SOLUTIONS PLC
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2024
- 20 -
Share capital Share
premium
account
Share based
payments
reserve
Retained
earnings
Total
Notes
£££££
Balance at 1 July 2022
110,000 - - (128,110) (18,110)
Year ended 30 June 2023:
Loss and total comprehensive income - - - (174,781) (174,781)
Transactions with owners:
Issue of share capital 12 353,515 539,326 - - 892,841
Share based payments
13 - - 22,447 - 22,447
Balance at 30 June 2023 463,515 539,326 22,447 (302,891) 722,397
Year ended 30 June 2024:
Loss and total comprehensive income - - - (262,412) (262,412)
Balance at 30 June 2024 463,515 539,326 22,447 (565,303) 459,985

SEED CAPITAL SOLUTIONS PLC
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 JUNE 2024
- 21 -
2024 2023 (Restated)
Notes ££££
Cash flows from operating activities
Cash used in operations 18
(294,260) (123,899)
Net cash used in operating activities
(294,260) (123,899)
Financing activities
Proceeds from issue of shares 295,125 705,420
Share issue costs
- (107,704)
Net cash generated from financing
activities
295,125 597,716
Net increase in cash and cash equivalents 865 473,817
Cash and cash equivalents at beginning of year
517,279 43,462
Cash and cash equivalents at end of year 518,144 517,279

SEED CAPITAL SOLUTIONS PLC
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 22 -
1 Accounting policies
Company information
Seed Capital Solutions PLC (the “Company”) is a public Company limited by shares and incorporated in the
United Kingdom. The registered office is 80 Cheapside, London, EC2V 6EE. The company's principal activities
and nature of its operations are disclosed in the directors' report.
1.1
Accounting convention
The financial statements have been prepared in accordance with International Financial Reporting Standards
(IFRS) as adopted for use in the United Kingdom and with those parts of the Companies Act 2006 applicable
to companies reporting under IFRS, except as otherwise stated.
The preparation of financial statements in conformity with IFRS requires management to make judgments,
estimates and assumptions that affect the application of policies and reported amounts of assets, liabilities,
income and expenses. The estimates and associated assumptions are based on historical experience and
various other factors that are believed to be reasonable under the circumstances, the results of which form
the basis of making the judgments about carrying values of assets and liabilities that are not readily apparent
from other sources. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the year in which the estimate is revised if the revision affects only that year or in
the year of revision and future years if the revision affects both current and future years.
The financial statements are prepared in sterling, which is the functional and presentation currency of the
company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements were approved and authorised for issue by the Board on 25 October 2024
The financial statements have been prepared under the historical cost convention, unless otherwise specified
within these accounting policies and in accordance with UK adopted International Financial Reporting
Standards ‘IFRS’ and the Companies Act 2006.
The principal accounting policies adopted are set out below.

SEED CAPITAL SOLUTIONS PLC
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1 Accounting policies (Continued)
- 23 -
1.2 Going concern
The Directors believe based on cash flow projections that the Company has sufficient resources to continue in
operational existence for the period to 31 October 2025. The Company has minimal ongoing overheads so
the key variable factor will be the costs to be incurred on undertaking commercial, legal and financial due
diligence on potential acquisition targets. The members of the Board have considerable experience in these
matters and will undertake an internal review of targets to screen out unsuitable targets before engaging
suitable advisors and incurring due diligence costs. The financial projections include an estimate of potential
due diligence costs incurred during the review period.
However, as disclosed in the strategic report, the Company’s primary risk is that it may not be able to identify
suitable investment opportunities and timing can be uncertain or there is no guarantee that the Company will
be able to secure an acquisition on commercially acceptable terms, and the Company may incur costs in
conducting due diligence into potential investment opportunities that may not result in an investment being
made putting further pressure on liquidity indicating that the Company’s ability to continue as a going concern
may be dependent on a future capital market fund raise.
Since the Company’s acquisition plans, are largely reliant upon a future capital market fund raise and
associated market conditions which are not guaranteed, there exists a material uncertainty as to the
Company’s ability to continue as a going concern.
1.3
Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid
investments with original maturities of three months or less, and bank overdrafts.
Trade and other receivables
Trade and other receivables are amounts due from customers for merchandise sold or services performed in
the ordinary course of business. If collection of trade and other receivables is expected in one year or less (or
in the normal operating cycle of business if longer), they are classified as current assets. If not, they are
presented as non-current assets.
Trade and other receivables are measured at amortised cost. A loss provision is recognised based on the
lifetime expected loss of trade and other receivables, being the expected shortfalls in contractual cash flows,
taking into account the potential for default at any point during the life of the receivable.
Trade and other payables
Trade and other payables are obligations to pay for goods or services that have been acquired in the ordinary
course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within
one year or less (or in the normal operating cycle of business if longer). If not, they are presented as non-
current liabilities.
Trade and other payables are recognised initially at fair value and subsequently measured at amortised cost
using the effective interest method.

SEED CAPITAL SOLUTIONS PLC
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1 Accounting policies (Continued)
- 24 -
1.4 Financial assets
The Company’s financial assets comprise cash and cash equivalents and trade and other receivables. All
financial assets are initially measured at fair value adjusted for transaction costs (where applicable). Financial
assets, other than those designated and effective as hedging instruments, are classified into the following
categories:
• held at amortised cost;
• fair value through profit or loss (FVTPL);
• fair value through other comprehensive income (FVOCI).
In the periods presented the Company does not have any financial assets categorised as FVOCI.
The classification is determined by both:
• the entity’s business model for managing the financial asset;
• the contractual cash flow characteristics of the financial asset.
All income and expenses relating to financial assets that are recognised in profit or loss are presented within
finance costs, finance income or other financial items, except for impairment of trade receivables which is
presented within other expenses.
Financial assets at fair value through profit or loss
Financial assets that are held within a different business model other than ‘hold to collect’ or ‘hold to collect
and sell’ are categorised at fair value through profit and loss. Further, irrespective of business model financial
assets whose contractual cash flows are not solely payments of principal and interest are accounted for at
FVTPL. All derivative financial instruments fall into this category, except for those designated and effective as
hedging instruments, for which the hedge accounting requirements would apply.
Assets in this category are measured at fair value with gains or losses recognised in profit or loss. The fair
values of financial assets in this category are determined by reference to active market transactions or using
a valuation technique where no active market exists. In the periods presented the Company does not have
any financial assets categorised as FVTPL.
Financial assets held at amortised cost
Financial assets are measured at amortised cost if the assets meet the following conditions (and are not
designated as FVTPL):
• they are held within a business model whose objective is to hold the financial assets and collect its
contractual cash flows;
• the contractual terms of the financial assets give rise to cash flows that are solely payments o
f
principal and interest on the principal amount outstanding.
After initial recognition, these are measured at amortised cost using the effective interest method.
Discounting is omitted where the effect of discounting is immaterial. The Company’s cash and cash
equivalents, trade and most other receivables fall into this category of financial instruments.

SEED CAPITAL SOLUTIONS PLC
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1 Accounting policies (Continued)
- 25 -
Impairment of financial assets
The Company considers trade and other receivables individually in accounting for trade and other receivables
and records the loss allowance as lifetime expected credit losses. These are the expected shortfalls in
contractual cash flows, considering the potential for default at any point during the life of the financial
instrument. In calculating, the Company uses its historical experience, external indicators and forward-looking
information to calculate the expected credit losses using a provision matrix.
1.5
Financial liabilities
The Company’s financial liabilities comprise trade and other payables. Trade and other payables are
recognised initially at their fair value and subsequently measured at amortised cost using the effective interest
rate method, less settlement payments.
Gains or losses from derecognition of financial liabilities are recognised in the statement of profit or loss.
When the terms of a financial liability are modified the Company needs to consider whether that modification
is substantial. If the modification is considered substantial the original financial liability is derecognised and a
new financial liability is recognised at fair value.
1.6
Equity instruments
Share capital is determined using the nominal value of shares that have been issued. Share premium is
calculated by deducting the nominal value of shares issued and related issue costs from the value of shares
issued.
The share-based payments reserve reflects the share-based payments charge on warrants granted by the
Company.
The profit and loss account records the retained earnings for all current and prior periods as disclosed in the
statement of comprehensive income.
1.7
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as
reported in the income statement because it excludes items of income or expense that are taxable or
deductible in other years and it further excludes items that are never taxable or deductible. The company’s
liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the
reporting end date.

SEED CAPITAL SOLUTIONS PLC
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1 Accounting policies (Continued)
- 26 -
Deferred tax
Deferred tax is the tax expected to be payable or recoverable on differences between the carrying amounts o
f
assets and liabilities in the financial statements and the corresponding tax bases used in the computation o
f
taxable profit, and is accounted for using the balance sheet liability method. Deferred tax liabilities are
generally recognised for all taxable temporary differences and deferred tax assets are recognised to the extent
that it is probable that taxable profits will be available against which deductible temporary differences can be
utilised. Such assets and liabilities are not recognised if the temporary difference arises from goodwill or from
the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the
accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent
that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to
be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the
liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except
when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with
in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to
offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the
same tax authority.
No deferred tax asset has been recognised in respect of the accumulated tax losses at the end of the year as
the directors consider that the Company was at a stage of development which is too early to determine the
future profitability of the project.
1.8
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 inventories or non-current assets.
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.
1.9
Operating income and charges
All expenses are accounted for on an accrual’s basis.
2
Adoption of new and revised standards and changes in accounting policies
Standards, interpretation and amendments effective in the current financial year have not had a material
impact on the financial statements.
Standards, interpretation and amendments issued but not yet effective are not expected to have a material
impact on the group financial statements.

SEED CAPITAL SOLUTIONS PLC
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 27 -
3 Critical accounting estimates and judgements
In the application of the company’s accounting policies, the directors are required to make judgements,
estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent
from other sources. The estimates and associated assumptions are based on historical experience and other
factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised, if the revision affects only that period,
or in the period of the revision and future periods if the revision affects both current and future periods.
The estimates and assumptions which had a significant risk of causing a material adjustment to the carrying
amount of assets and liabilities are outlined below.
Critical judgements
Share based payments
Estimates and assumptions were used in the previous year in the preparation of the share-based payments
calculation using the Black Scholes method.
In calculating this fair value, the parameters used were a stock asset price of £0.0075, an option strike price o
f
£0.01125, a five-year contractual maturity period, a risk free interest rate of 3.79% (based on five year Gilt
yields) and a volatility of 50% based on management assessment of the risk profile.
4
Auditor's remuneration
5 Employees
The average monthly number of persons (directors) employed by the company during the year was:

SEED CAPITAL SOLUTIONS PLC
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
5 Employees (Continued)
- 28 -
Their aggregate remuneration comprised:
The company had no employees during the year other than directors (2023: nil)
6
Directors' emoluments
Directors’ remuneration for the year ended 30 June 2024 is as follows:
At year end, there were no amounts owing to the Directors.
Directors' remuneration for the year ended 30 June 2023 is as follows:

SEED CAPITAL SOLUTIONS PLC
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 29 -
7 Income tax expense
No provision for taxation has been made as the Company did not generate any assessable profits during the
year. No deferred tax asset has been recognised in respect of the losses and temporary differences due to the
unpredictability of future revenue streams. Such losses may be carried forward indefinitely.
The unrecognised deferred tax asset on unutilised losses amounts to £103,499 (2023: £37,896).
The charge for the year can be reconciled to the loss per the statement of comprehensive income as follows:
8 Loss per share

SEED CAPITAL SOLUTIONS PLC
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
8 Loss per share (Continued)
- 30 -
There are 8,313,532 warrants outstanding at 30 June 2024 (30 June 2023: 8,313,532). Their effect is anti-
dilutive, but is potentially dilutive against future profits.
9
Trade and other receivables
Trade and other receivables are all current and there are no provisions for impairment against any of the
balances. Trade and other receivables are classified as financial assets measured at amortised cost.
10
Trade and other payables
Trade and other payables are all current against any of the balances. Trade and other payables are classified
as financial liabilities measured at amortised cost.

SEED CAPITAL SOLUTIONS PLC
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 31 -
11 Share capital
At 30 June 2024, the Company had the following warrants in issue:
All of these warrants have an exercise price of 1.125 pence per share, vested immediately and have a five-year
contractual life.
In 2023, a share-based payments charge of £22,447 was calculated on the basis of a Black Scholes valuation
of £0.0027 per share. In calculating this grant date 11 April 2023 fair value the parameters used were a stock
asset price of £0.0075, an option strike price of £0.01125, a five year maturity period, a risk free interest rate
of 3.79% (based on five year Gilt yields) and a volatility of 50% based on management assessment of the risk
profile. No dividend payments were factored in the model. As the warrants all vested immediately, the full
charge was recognised in the previous year.
There are no preferences and restrictions on these shares, including restrictions on the distributions o
f
dividends and repayment of capital.
12
Share premium account

SEED CAPITAL SOLUTIONS PLC
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 32 -
13 Share based payments reserve
The share based payments reserve reflects the share based payments charge on warrants granted by the
Company.
14
Retained earnings
15 Capital Management
For the purpose of the Company’s capital management, capital includes issued capital, share premium and all
other equity reserves attributable to the equity holders of the Company. The primary objective of the
Company’s capital management is to maximise the shareholder value. The Company manages its capital
structure and makes adjustments in light of changes in economic conditions. To maintain or adjust the capital
structure, the Company may adjust the dividend payment to shareholders, return capital to shareholders or
issue new shares.
16
Related party transactions
Kitwell Administration Limited (“Kitwell”), a company wholly owned by Mr Hirschfield, has provided Company
Secretarial and accounting services to the Company. These accounts include an amount of £6,000 plus VAT in
respect of services provided during the year.
Segar Karupiah charged for his services via Danmar Management Limited, a wholly owned service company.
These accounts include an amount of £14,000 plus VAT in respect of services provided during the year.
17
Controlling party
The directors consider that there is no registrable person or registrable relevant legal entity in respect of the
Company.

SEED CAPITAL SOLUTIONS PLC
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 33 -
18 Cash absorbed by operations
Prior year adjustment
In the cash flow statement for the year ended 30 June 2023, under cash flows from financing activities
£1,000,545 was incorrectly recorded as cash from issue of shares and £(295,125) was incorrectly recorded
under cash flows from operating activities as a working capital movement when in fact the issue of shares for
cash under financing activities should have been recorded at £705,420 (£1,000,545 less £295,125). This has
no impact on previously reported results or equity.
19
Analysis of changes in net funds