ACCOUNTS - Final Accounts

Registered number: 12847203

RTP GLOBAL UK LTD

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

RTP GLOBAL UK LTD

CONTENTS

	Page
Company information	1
Director's report	2
Director's responsibilities statement	3
Independent auditor's report	4 - 7
Profit and loss account	8
Balance sheet	9
Statement of changes in equity	10
Notes to the financial statements	11 - 19

RTP GLOBAL UK LTD

COMPANY INFORMATION

Directors	D K Easterbrook
	G G Jefferies (resigned 31 August 2025)


Registered number	12847203


Registered office	25 Golden Square
	5th Floor
	London
	United Kingdom
	W1F 9LU




Independent auditor	Blick Rothenberg Audit LLP
	Chartered Accountants & Statutory Auditor
	16 Great Queen Street
	Covent Garden
	London
	WC2B 5AH


Bankers	Goldman Sachs International
	Plumtree Court
	25 Shoe Lane
	London
	EC4A 4AU


	Alpha Group International Plc
	Brunel Building
	2 Canalside Walk
	London
	W2 1DG


Solicitors	DLA Piper UK LLP
	160 Aldersgate Street
	London
	EC1A 4HT

- 1 -

RTP GLOBAL UK LTD

DIRECTOR'S REPORT

FOR THE YEAR ENDED 31 DECEMBER 2024

The director presents his report and the financial statements for the year ended 31 December 2024.

Directors

The directors who served during the year were:

D K Easterbrook

G G Jefferies (resigned 31 August 2025)

Disclosure of information to auditor

The director at the time when this director's report is approved has confirmed that:

∙so far as is aware, there is no relevant audit information of which the Company's auditor is unaware, and

∙ has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditor is aware of that information.

Auditor

The auditor, Blick Rothenberg Audit LLP, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

Small companies note

In preparing this report, the director has taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the board and signed on its behalf.

D K Easterbrook

Director

Date: 29 September 2025

- 2 -

RTP GLOBAL UK LTD

DIRECTOR'S RESPONSIBILITIES STATEMENT

FOR THE YEAR ENDED 31 DECEMBER 2024

The director is responsible for preparing the director's report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the director must not approve the financial statements unless he is 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 director is required to:

∙select suitable accounting policies for the Company's financial statements and then apply them consistently;

∙make judgments and accounting estimates that are reasonable and prudent;

∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The director is 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 to enable him to ensure that the financial statements comply with the Companies Act 2006. He is 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.

- 3 -

RTP GLOBAL UK LTD

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF RTP GLOBAL UK LTD

FOR THE YEAR ENDED 31 DECEMBER 2022

Opinion

We have audited the financial statements of RTP Global UK Ltd (the 'Company') for the year ended 31 December 2024, which comprise the profit and loss account, the balance sheet, the statement of changes in equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

∙give a true and fair view of the state of the Company's affairs as at 31 December 2024 and of its profit for the year then ended;

∙have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; 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 of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard 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.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the Annual Report other than the financial statements and our auditor's report thereon. The director is responsible for the other information contained within the Annual Report. 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. 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 course of 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 this gives rise to a material misstatement in the financial statements themselves. 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.

- 4 -

RTP GLOBAL UK LTD

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF RTP GLOBAL UK LTD (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2024

Opinion 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 director's report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

∙the director's report has 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 director's 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, or returns adequate for our audit have not been received from branches not visited by us; or

∙the financial statements are not in agreement with the accounting records and returns; or

∙certain disclosures of director's remuneration specified by law are not made; or

∙we have not received all the information and explanations we require for our audit; or

∙the director was not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the director's report and from the requirement to prepare a strategic report.

Responsibilities of directors

As explained more fully in the director's responsibilities statement set out on page 3, the director is 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 director determines 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 director is 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 of accounting unless the director either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.

- 5 -

RTP GLOBAL UK LTD

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF RTP GLOBAL UK LTD (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2024

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:

We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or
error, and then design and perform audit procedures responsive to those risks, including obtaining audit
evidence that is sufficient and appropriate to provide a basis for our opinion.

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud, and noncompliance with laws and regulations, our procedures included the following: enquiring of management
concerning the Company’s policies with regards identifying, evaluating and complying with laws and regulations
and whether they were aware of any instances of non-compliance; enquiring of management concerning the
Company’s policies detecting and responding to the risks of fraud and whether they have knowledge of any
actual, suspected or alleged fraud; enquiring of management concerning the Company’s policies in relation to
the internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations;
discussing among the engagement team where fraud might occur in the financial statements and any potential
indicators of fraud; and obtaining an understanding of the legal and regulatory framework that the Company
operates in and focusing on those laws and regulations that had a direct effect on the financial statements or that
had a fundamental effect on the operations of the Company. The key laws and regulations we considered in this
context included the UK Companies Act 2006 and applicable tax legislation.

One particular focus area was the risk of fraud through management override of controls. Our procedures to
respond to risks identified included the following: performing analytical procedures to identify any unusual or
unexpected relationships that may indicate risks of material misstatement due to fraud; reviewing the bank
statements of the Company for evidence of any large or unusual activity which may be indicative of fraud;
enquiring of management in relation to any potential litigation and claims; and testing the appropriateness of
journal entries and other adjustments.

There are inherent limitations in our audit procedures described above. The more removed that laws and
regulations are from financial transactions, the less likely it is that we would become aware of non-compliance.
Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations
to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if
any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they
may involve deliberate concealment or collusion.

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.

- 6 -

RTP GLOBAL UK LTD

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF RTP GLOBAL UK LTD (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2024

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.

Anthony Howe (senior statutory auditor)

for and on behalf of

Blick Rothenberg Audit LLP

Chartered Accountants

Statutory Auditor

16 Great Queen Street

Covent Garden

London

WC2B 5AH

29 September 2025

- 7 -

RTP GLOBAL UK LTD

PROFIT AND LOSS ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2024

	2024	2023
	£	£


Turnover	9,516,314	10,603,095
Gross profit	9,516,314	10,603,095
Administrative expenses	(9,616,665)	(10,320,240)
Tax rebate	222,258	-
Operating profit	121,907	282,855
Interest receivable and similar income	107	-
Interest payable and similar expenses	(30,519)	(50,432)
Profit before tax	91,495	232,423
Tax on profit	28,990	59,744
Profit for the financial year	120,485	292,167

There are no items of other comprehensive income for 2024 or 2023 other than the profit for the year. As a result, no separate Statement of comprehensive income has been presented.

- 8 -

REGISTERED NUMBER: 11933185

RTP GLOBAL UK LTD

BALANCE SHEET

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Tangible fixed assets			624,082		753,100
			624,082		753,100
Current assets
Debtors: amounts falling due within one year	6	1,385,949		1,308,130
Cash at bank and in hand	7	1,159,784		968,573
		2,545,733		2,276,703
Creditors: amounts falling due within one year	8	(2,231,837)		(2,212,310)
Net current assets			313,896		64,393
Total assets less current liabilities			937,978		817,493

Net assets			937,978		817,493

Capital and reserves
Called up share capital	9	1	1
Additional paid in capital		276,883	276,883
Profit and loss account		661,094	540,609
		937,978	817,493

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

D K Easterbrook

Director

Date: 29 September 2025

The notes on pages 11 to 19 form part of these financial statements.

- 9 -

RTP GLOBAL UK LTD

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 DECEMBER 2024

	Called up share capital	Additional paid in capital	Profit and loss account	Total equity
	£	£	£	£
At 1 January 2023	1	276,883	248,442	525,326
Comprehensive income for the year
Profit for the year	-	-	292,167	292,167

At 1 January 2024	1	276,883	540,609	817,493
Comprehensive income for the year
Profit for the year	-	-	120,485	120,485
Total comprehensive income for the year	-	-	120,485	120,485
At 31 December 2024	1	276,883	661,094	937,978

The notes on pages 11 to 19 form part of these financial statements.

- 10

RTP GLOBAL UK LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

RTP Global UK Ltd is a private company limited by shares incorporated in England and Wales. The address of its registered office is 25 Golden Square, London, United Kingdom, W1F 9LU
The financial statements are presented in Sterling (£), which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. The directors considers this basis to be appropriate as the company has received a letter of financial support from its parent company. Having considered post year end trading and the group cash reserves, and after making enquiries of the directors of the parent undertaking, the directors have a reasonable expectation that the parent company is well placed to continue to provide financial support to the company.

2.3

Revenue

Revenue represents service fees receivable and is generated by operating as an investment advisor to several fund management companies.

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

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

- 11 -

RTP GLOBAL UK LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.4

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, using the straight-line method.

Depreciation is provided on the following basis:

Short-term leasehold property	-	Over the term of the lease once in use
Fixtures and fittings	-	Over the term of the lease once in use
Office equipment	-	3 years

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 profit or loss.

2.5

Financial Instruments

Basic financial assets including trade and other receivables and cash and bank balances, are initially recognised at transaction price. Such assets are subsequently carried at amortised cost using the effective interest rate method.
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.
Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss.

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow Group companies and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payment discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost, using the effective interest rate method.
Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss.

- 12 -

RTP GLOBAL UK LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.7

Share capital

Ordinary shares are classified as equity.
Additional paid in capital represents non-refundable contributions from original shareholders with no rights or obligations attached.

2.8

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.9

Finance costs

Finance costs are charged to profit or loss 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.

2.10

Operating leases: the Company as lessee

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

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

2.11

Pensions

Defined contribution pension plan

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 profit or loss 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.

- 13 -

RTP GLOBAL UK LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.12

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

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

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

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

2.13

Current and deferred 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.
Current tax is the amount of income tax payable in respect of taxable profit for the year or prior years.
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 arises from timing differences that are differences between taxable profits and total comprehensive income as stated in the financial statements. These timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements.
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.

- 14 -

RTP GLOBAL UK LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Employees

The average monthly number of employees, including directors, during the year was 15 (2023 - 18).

4.	Taxation

		2024	2023
		£	£



Total current tax	-	-

Deferred tax
Origination and reversal of timing differences	(28,990)	(59,744)
Total deferred tax	(28,990)	(59,744)


	Tax on profit	(28,990)	(59,744)

Factors affecting tax charge for the year
The tax assessed for the year is higher than (2023 - higher than) the standard rate of corporation tax in the UK of 25% (2023 - 25%). The differences are explained below:
	2024	2023
	£	£

Profit on ordinary activities before tax

91,495

232,423

Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2023 - 25%)	22,874	58,106
Effects of:
Other timing differences leading to an decrease in taxation	(51,864)	(117,850)
Total tax charge for the year	(28,990)	(59,744)

There were no factors that may affect future tax charges.

- 15 -

RTP GLOBAL UK LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

5.	Tangible fixed assets

	Leasehold improvements	Fixtures and fittings	Office equipment	Total
	£	£	£	£
Cost
At 1 January 2024	143,116	862,708	9,868	1,015,692
At 31 December 2024	143,116	862,708	9,868	1,015,692
Depreciation
At 1 January 2024	32,291	224,331	5,970	262,592
Charge for the year	17,890	107,839	3,289	129,018
At 31 December 2024	50,181	332,170	9,259	391,610
Net book value
At 31 December 2024	92,935	530,538	609	624,082
At 31 December 2023	110,825	638,377	3,898	753,100

Debtors

					2024	2023
					£	£


Amounts owed by other entities	357,476	462,366
Other debtors	594,936	462,661
Prepayments and accrued income	310,115	288,673
Deferred taxation	123,422	94,430
	1,385,949	1,308,130

Other entities are companies under the same brand but has no significant control from RTP Global UK Limited.

- 16 -

RTP GLOBAL UK LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

7.	Cash and cash equivalents
		2024	2023
		£	£

Cash at bank and in hand	1,159,784	968,573
	1,159,784	968,573

8.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Trade creditors	108,375	2,227
Amounts owed to other entities	1,164,821	1,171,857
Other taxation and social security	834,072	748,753
Other creditors	21,516	19,434
Accruals and deferred income	103,053	270,039
	2,231,837	2,212,310

Included in the amounts owed to other entities is a loan balance amounting to £1,034,697 which is repayable on demand within the period of 10 years at an interest rate of 3.50% per year. The remaining balance is interest free, has no fixed repayment date and is also repayable on demand. The other entities are companies under the same brand but has no significant control to RTP Global UK Limited.

- 17 -

RTP GLOBAL UK LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

9.	Share capital
		2024	2022
		£	£

Allotted, called up and fully paid

1,000 (2023 - 1,000) Ordinary shares of £0.001 each	1	1

The holders of ordinary shares are entitled to receive dividends as declared from time to time and are entitled to one vote per share at meetings of the Company.

10.	Additional paid in capital
	Additional paid in capital represents the additional capital invested in the Company by its shareholders.
		2024	2023
		£	£


	Additional paid in capital	276,883	276,883

11.	Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £11,888 (2023: £11,534).

12.	Commitments under operating leases
	At 31 December 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
		2024	2023
		£	£

Not later than 1 year	444,937	444,937
Later than 1 year and not later than 5 years	1,779,748	1,779,748
Later than 5 years	800,887	1,245,824
	3,025,572	3,470,509

- 18 -

RTP GLOBAL UK LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

13.

Related party transactions

During the year, RTP Global Management was charged by the company for financial expenses amounting to £nil (2023:£832) to which outstanding receivables amounted to £nil (2023:£832) at year end.
During the year, the company has an outstanding receivables from RTP Global SEA for expenses paid for by the company amounting £17,036 (2023:£nil). Outstanding receivable amounted to £17,728 (2023:nil) as at year end.
The company charged RTP Global Ventures (including RTP II) amounting to £298,050 (2023:£920,469) for advisory fees. Outstanding receivable amounted to £139,181 (2023:164,776). The company recharged expenses to RTP Global Partners GP amounting to £9,082 (2023:£1,184) as at year end outstanding receivable amounted to £nil (2023:£1,184).
RTP Global Partners IV GP Limited was charged by the company for the expenses paid amounting to £18,824 (2023:£nil) and is outstanding at year end. RTP Global Partners Feeder IV LP was charged for the expenses paid by the company amounting to £30,542 (2023:£nil) and is outstanding at year end. The company paid expenses on behalf of RTP Global Partners Feeder IV LP and RTP Global Partners IV CIP LP amounted to £2,775 (2023:£nil) each, and is both outstanding at year end.

14.	Post balance sheet events

On 12 August 2025 the shareholders transferred all ordinary shares in the Company to RTP Global Partners Holdings Limited.

15.	Controlling party

As at the balance sheet date, the ultimate controlling parties were Duncan Easterbrook, Gareth Jefferies and Julius Schwerin. Subsequent to year-end due to the restructuring as per note 14, the ultimate controlling parties are Duncan Easterbrook and Julius Schwerin.

- 19 -