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REGISTERED NUMBER: 10898026 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Radiant City London Ltd

| Radiant City London Ltd (Registered number: 10898026) |

Contents of the Financial Statements

for the Year Ended 31 AUGUST 2024

Page |

Balance Sheet | 1 |

Notes to the Financial Statements | 2 |

| Radiant City London Ltd (Registered number: 10898026) |

Balance Sheet

31 AUGUST 2024

| 31.8.24 |  | 31.8.23

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 3,287 |  | 3,639 |  |

CURRENT ASSETS

Debtors | 5 | 126 |  | 99 |  |

Cash at bank | 19,125 |  | 20,071 |  |

19,251 |  | 20,170 |  |

CREDITORS

Amounts falling due within one year | 6 | (25,046 | ) | (24,478 | ) |

NET CURRENT LIABILITIES | (5,795 | ) | (4,308 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (2,508 | ) | (669 | ) |

CREDITORS

Amounts falling due after more than one year | 7 | (8,334 | ) | (18,333 | ) |

PROVISIONS FOR LIABILITIES | (625 | ) | (910 | ) |

NET LIABILITIES | (11,467 | ) | (19,912 | ) |

RESERVES

Income and expenditure account | (11,467 | ) | (19,912 | ) |

(11,467 | ) | (19,912 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 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 surplus or deficit 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 Profit & loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 May 2025 and were signed on its behalf by:

Ms F C Robinson - Director

| Radiant City London Ltd (Registered number: 10898026) |

Notes to the Financial Statements

for the Year Ended 31 AUGUST 2024

1. | STATUTORY INFORMATION

| Radiant City London Ltd. is a private company, limited by quarantee, registered in England and Wales, registration number 10898026 .The registered office is Suite 2a, 7th Floor - PF City Reach, 5 Greenwich View Place, London, England, E14 9NN.

| The presentation currency of the financial statements is pound sterling (£) and the level of rounding is the nearest £1.

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Donation

| Donated services and facilities are included in the accounts when received at the value of the gift provided the value can be measured reliably.

| Tangible fixed assets

| Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

| Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a straight line and reducing balance basis.

| Depreciation is provided on the following basis:

| Plant & Machinery - 25% reducing balance

| Computer equipment - 33% on cost

| The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

| Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Profit and loss account.

| Financial instruments

| The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

| Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

| Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and loss account.

| For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

| Radiant City London Ltd (Registered number: 10898026) |

Notes to the Financial Statements - continued

for the Year Ended 31 AUGUST 2024

2. | ACCOUNTING POLICIES - continued

| Taxation

| The tax expense for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

| The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

| Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance sheet date, except that:

| - The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

| - Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

| Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Pension costs

| The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

| The contributions are recognised as an expense in the profit and loss account when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the company in independently administered funds.

| Going concern

| The director considers it appropriate to prepare the Financial Statements on a going concern basis because of his continued support.

| Debtors

| Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

| Cash

| Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

| Creditors

| Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

| Finance costs

| Finance costs are charged to the Profit and loss account over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 3 (2023 - 1 ) .

| Radiant City London Ltd (Registered number: 10898026) |

Notes to the Financial Statements - continued

for the Year Ended 31 AUGUST 2024

4. | TANGIBLE FIXED ASSETS

| Plant and |  | Computer |

| machinery |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 September 2023 | 10,773 |  | 3,068 |  | 13,841 |  |

| Additions | - |  | 1,200 |  | 1,200 |  |

| Disposals | - |  | (548 | ) | (548 | ) |

| At 31 August 2024 | 10,773 |  | 3,720 |  | 14,493 |  |

| DEPRECIATION

| At 1 September 2023 | 7,772 |  | 2,430 |  | 10,202 |  |

| Charge for year | 751 |  | 801 |  | 1,552 |  |

| Eliminated on disposal | - |  | (548 | ) | (548 | ) |

| At 31 August 2024 | 8,523 |  | 2,683 |  | 11,206 |  |

| NET BOOK VALUE

| At 31 August 2024 | 2,250 |  | 1,037 |  | 3,287 |  |

| At 31 August 2023 | 3,001 |  | 638 |  | 3,639 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.8.24 |  | 31.8.23

£ | £ |

| Other debtors | 126 |  | 99 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.8.24 |  | 31.8.23

£ | £ |

| Trade creditors | - |  | 605 |  |

| Taxation and social security | 1,943 |  | 2,434 |  |

| Other creditors | 23,103 |  | 21,439 |  |

25,046 |  | 24,478 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.8.24 |  | 31.8.23

£ | £ |

| Other creditors | 8,334 |  | 18,333 |  |