IRIS Accounts Production v25.2.0.378 07752643 Board of Directors 1.1.24 31.12.24 31.12.24 false true false false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 07752643 2023-12-31 07752643 2024-12-31 07752643 2024-01-01 2024-12-31 07752643 2022-12-31 07752643 2023-01-01 2023-12-31 07752643 2023-12-31 07752643 ns15:EnglandWales 2024-01-01 2024-12-31 07752643 ns14:PoundSterling 2024-01-01 2024-12-31 07752643 ns10:Director1 2024-01-01 2024-12-31 07752643 ns10:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 07752643 ns10:SmallEntities 2024-01-01 2024-12-31 07752643 ns10:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 07752643 ns10:SmallCompaniesRegimeForDirectorsReport 2024-01-01 2024-12-31 07752643 ns10:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 07752643 ns10:FullAccounts 2024-01-01 2024-12-31 07752643 1 2024-01-01 2024-12-31 07752643 ns10:Director2 2024-01-01 2024-12-31 07752643 ns10:RegisteredOffice 2024-01-01 2024-12-31 07752643 ns5:CurrentFinancialInstruments 2024-12-31 07752643 ns5:CurrentFinancialInstruments 2023-12-31 07752643 ns5:ShareCapital 2024-12-31 07752643 ns5:ShareCapital 2023-12-31 07752643 ns5:SharePremium 2024-12-31 07752643 ns5:SharePremium 2023-12-31 07752643 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 07752643 ns5:RetainedEarningsAccumulatedLosses 2023-12-31 07752643 ns5:PatentsTrademarksLicencesConcessionsSimilar 2024-01-01 2024-12-31 07752643 ns5:PlantMachinery 2024-01-01 2024-12-31 07752643 ns5:FurnitureFittings 2024-01-01 2024-12-31 07752643 ns5:ComputerEquipment 2024-01-01 2024-12-31 07752643 ns5:PatentsTrademarksLicencesConcessionsSimilar 2023-12-31 07752643 ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-31 07752643 ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 07752643 ns5:PatentsTrademarksLicencesConcessionsSimilar 2024-12-31 07752643 ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-12-31 07752643 ns5:PatentsTrademarksLicencesConcessionsSimilar 2023-12-31 07752643 ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-31 07752643 ns5:PlantMachinery 2023-12-31 07752643 ns5:FurnitureFittings 2023-12-31 07752643 ns5:ComputerEquipment 2023-12-31 07752643 ns5:PlantMachinery 2024-12-31 07752643 ns5:FurnitureFittings 2024-12-31 07752643 ns5:ComputerEquipment 2024-12-31 07752643 ns5:PlantMachinery 2023-12-31 07752643 ns5:FurnitureFittings 2023-12-31 07752643 ns5:ComputerEquipment 2023-12-31 07752643 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31 07752643 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2023-12-31 07752643 ns5:WithinOneYear 2024-12-31 07752643 ns5:WithinOneYear 2023-12-31 07752643 ns5:BetweenOneFiveYears 2024-12-31 07752643 ns5:BetweenOneFiveYears 2023-12-31 07752643 ns5:MoreThanFiveYears 2024-12-31 07752643 ns5:MoreThanFiveYears 2023-12-31 07752643 ns5:AllPeriods 2024-12-31 07752643 ns5:AllPeriods 2023-12-31 07752643 1 ns10:Director1 2023-12-31 07752643 1 ns10:Director1 2022-12-31 07752643 1 ns10:Director1 2024-01-01 2024-12-31 07752643 1 ns10:Director1 2023-01-01 2023-12-31 07752643 1 ns10:Director1 2024-12-31 07752643 1 ns10:Director1 2023-12-31

REGISTERED NUMBER: 07752643 (England and Wales)

| Unaudited Financial Statements |

| for the Year Ended 31 December 2024 |

| for |

| RTF Europe Limited |

| RTF Europe Limited (Registered number: 07752643) |

Contents of the Financial Statements

for the Year Ended 31 December 2024

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| RTF Europe Limited |

Company Information

for the Year Ended 31 December 2024

| DIRECTORS: | W Dandie

| L E M Cross

| REGISTERED OFFICE: | Leofric House

| Binley Road

| Coventry

| CV3 1JN

| REGISTERED NUMBER: | 07752643 (England and Wales)

| ACCOUNTANTS: | Leigh Christou Ltd

| Chartered Certified Accountants

| Leofric House

| Binley Road

| Coventry

| CV3 1JN

| RTF Europe Limited (Registered number: 07752643) |

Balance Sheet

31 December 2024

| 31.12.24 | 31.12.23 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 70,199 |  | 88,894 |  |

Tangible assets | 5 | 2,011 |  | 2,682 |  |

72,210 |  | 91,576 |  |

CURRENT ASSETS

Stocks | 195,752 |  | 202,272 |  |

Debtors | 6 | 205,952 |  | 102,967 |  |

Cash at bank | 25,412 |  | 57,289 |  |

427,116 |  | 362,528 |  |

CREDITORS

Amounts falling due within one year | 7 | 138,846 |  | 73,578 |  |

NET CURRENT ASSETS | 288,270 |  | 288,950 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 360,480 |  | 380,526 |  |

PROVISIONS FOR LIABILITIES | 146 |  | 235 |  |

NET ASSETS | 360,334 |  | 380,291 |  |

CAPITAL AND RESERVES

Called up share capital | 1,000 |  | 1,000 |  |

Share premium | 146,500 |  | 146,500 |  |

Retained earnings | 212,834 |  | 232,791 |  |

SHAREHOLDERS' FUNDS | 360,334 |  | 380,291 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 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.

| RTF Europe Limited (Registered number: 07752643) |

Balance Sheet - continued

31 December 2024

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 July 2025 and were signed on its behalf by:

L E M Cross - Director

| RTF Europe Limited (Registered number: 07752643) |

Notes to the Financial Statements

for the Year Ended 31 December 2024

1. | STATUTORY INFORMATION

| RTF Europe 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Related party exemption

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Intangible fixed assets

| Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Patents & Licences - 10 years straight line

| Research & Development - 10 years straight line

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Plant and machinery | - | 25% on reducing balance

| Fixtures and fittings | - | 25% on reducing balance

| Computer equipment | - | 25% on reducing balance

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

| RTF Europe Limited (Registered number: 07752643) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

2. | ACCOUNTING POLICIES - continued

| 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.

| Research and development

| Research expenditure is written off as incurred. Development expenditure is also written off, except where the directors are satisfied as to the technical, commercial, financial viability of the individual projects. In such cases, the identifiable expenditure is deferred and amortised over the period during which the company is expected to benefit.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2023 - 3 ) .

4. | INTANGIBLE FIXED ASSETS

| Patents |

| and |  | Development |

| licences |  | costs |  | Totals

£ | £ | £ |

| COST

| At 1 January 2024

| and 31 December 2024 | 27,197 |  | 159,746 |  | 186,943 |  |

| AMORTISATION

| At 1 January 2024 | 20,207 |  | 77,842 |  | 98,049 |  |

| Amortisation for year | 2,720 |  | 15,975 |  | 18,695 |  |

| At 31 December 2024 | 22,927 |  | 93,817 |  | 116,744 |  |

| NET BOOK VALUE

| At 31 December 2024 | 4,270 |  | 65,929 |  | 70,199 |  |

| At 31 December 2023 | 6,990 |  | 81,904 |  | 88,894 |  |

| RTF Europe Limited (Registered number: 07752643) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

5. | TANGIBLE FIXED ASSETS

| Fixtures |

| Plant and |  | and |  | Computer |

| machinery |  | fittings |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 January 2024

| and 31 December 2024 | 1,138 |  | 17,637 |  | 15,172 |  | 33,947 |  |

| DEPRECIATION

| At 1 January 2024 | 1,090 |  | 16,607 |  | 13,568 |  | 31,265 |  |

| Charge for year | 12 |  | 258 |  | 401 |  | 671 |  |

| At 31 December 2024 | 1,102 |  | 16,865 |  | 13,969 |  | 31,936 |  |

| NET BOOK VALUE

| At 31 December 2024 | 36 |  | 772 |  | 1,203 |  | 2,011 |  |

| At 31 December 2023 | 48 |  | 1,030 |  | 1,604 |  | 2,682 |  |

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

| 31.12.24 |  | 31.12.23

£ | £ |

| Trade debtors | 133,650 |  | 90,332 |  |

| Amounts owed by group undertakings | 62,340 |  | 787 |  |

| Directors' current accounts | 539 |  | 539 |  |

| Tax | 6,078 |  | 2,545 |  |

| Prepayments | 3,345 |  | 8,764 |  |

205,952 |  | 102,967 |  |

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

| 31.12.24 |  | 31.12.23

£ | £ |

| Trade creditors | 5,103 |  | 12,841 |  |

| Amounts owed to group undertakings | 117,492 |  | 44,607 |  |

| Social security and other taxes | 4,162 |  | 3,660 |  |

| VAT | 2,406 |  | 3,603 |  |

| Other creditors | 1,830 |  | 110 |  |

| Pension creditor | 788 |  | 750 |  |

| Directors' current accounts | 539 |  | - |  |

| Accrued expenses | 6,526 |  | 8,007 |  |

138,846 |  | 73,578 |  |

| RTF Europe Limited (Registered number: 07752643) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

8. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

| 31.12.24 |  | 31.12.23

£ | £ |

| Within one year | 22,833 |  | 22,000 |  |

| Between one and five years | 102,667 |  | 98,083 |  |

| In more than five years | 105,333 |  | 132,750 |  |

230,833 |  | 252,833 |  |

9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

| 31.12.24 |  | 31.12.23

£ | £ |

| L E M Cross

| Balance outstanding at start of year | 539 |  | - |  |

| Amounts advanced | - |  | 539 |  |

| Amounts repaid | (539 | ) | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | - |  | 539 |  |

10. | RELATED PARTY DISCLOSURES

| During the year the business, under normal trading and market conditions, completed transactions with other fellow subsidiaries, owned by its parent company Dandex Holdings Inc, registered in Canada.

| A loan of £60,000 was made to a fellow subsidiary, RTF Global Inc, with interest being charged at 1.5% above the base rate.

| The balances outstanding at the balance sheet date in relation to the fellow subsidiaries, RTF Global Inc and Sensor Media Inc are £62,340 and (£117,492) respectively.

| Dividends of £Nil (2023: £48,000) were paid to the parent company.

11. | ULTIMATE CONTROLLING PARTY

| The controlling party is Dandex Holdings Inc.

| The financial statements of the ultimate parent company are available from 4557 The Grange Side Road, Caledon Village, Caledon, Ontario, Canada, L7C 0G3.