Company No: 13669353 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Julius Fergus Chamberlain
	Robert Hugo Chamberlain
	David Charles Mellor

REGISTERED OFFICE	22 Chancery Lane
	London
	WC2A 1LS
	United Kingdom

COMPANY NUMBER

13669353 (England and Wales)

	Note	2024		2023
		£		£
Fixed assets
Investments	3	44,622,489		41,273,213
		44,622,489		41,273,213
Current assets
Debtors	4	3,908		2,891
Cash at bank and in hand		2,821,604		2,113,253
		2,825,512		2,116,144
Creditors: amounts falling due within one year	5	( 1,785,287)		( 1,656,594)
Net current assets		1,040,225		459,550
Total assets less current liabilities		45,662,714		41,732,763
Provision for liabilities	6	( 1,411,010)		( 510,227)
Net assets		44,251,704		41,222,536
Capital and reserves
Called-up share capital		38,938,530		38,938,530
Profit and loss account		5,313,174		2,284,006
Total shareholder's funds		44,251,704		41,222,536

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Rifleman Investments Limited (registered number: 13669353) were approved and authorised for issue by the Board of Directors on 26 September 2025. They were signed on its behalf by:

Julius Fergus Chamberlain Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Rifleman Investments Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 22 Chancery Lane, London, WC2A 1LS, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Dividend income

Dividend income from investments is recognised when the shareholders' rights to receive payment have been established (provided that it is probable that the economic benefits will flow to the company and the amount of revenue can be measured reliably).

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Ordinary share capital

The ordinary share capital of the company is presented as equity.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the company during the year, including directors	1		1

3. Fixed asset investments

	Listed investments		Other investments		Total
	£		£		£
Cost or valuation before impairment
At 01 January 2024	41,023,238		249,975		41,273,213
Additions	15,174,155		0		15,174,155
Disposals	( 15,090,538)		0		( 15,090,538)
Movement in fair value	3,515,634		0		3,515,634
Impairment of investment in liquidation	0		( 249,975)		( 249,975)
At 31 December 2024	44,622,489		0		44,622,489
Carrying value at 31 December 2024	44,622,489		0		44,622,489
Carrying value at 31 December 2023	41,023,238		249,975		41,273,213

4. Debtors

	2024		2023
	£		£
Amounts owed by group undertakings (note 7)	3,908		100
Other debtors	0		2,791
	3,908		2,891

5. Creditors: amounts falling due within one year

	2024		2023
	£		£
Amounts owed to related parties (note 7)	1,700,000		1,500,000
Taxation and social security	0		130,151
Other creditors	85,287		26,443
	1,785,287		1,656,594

6. Provision for liabilities

	2024		2023
	£		£
Deferred tax	1,411,010		510,227

7. Related party transactions

At the year end, the company owed £1,700,000 (2023 - £1,500,000) to a trust which is the ultimate shareholder and two of the company's directors are trustees.

A loan of £3,908 (2023 - £100) was outstanding at the balance sheet date from a company under common control.