Rs Furbs Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—4

Registered number: 04732937

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Investments	5		15,138,588		13,797,820

			15,138,588		13,797,820
CURRENT ASSETS
Debtors	6	13,289,227		14,613,079
Cash at bank and in hand		4,835,918		2,849,880

		18,125,145		17,462,959
Creditors: Amounts Falling Due Within One Year	7	(17,068,240 )		(13,700,231 )

NET CURRENT ASSETS (LIABILITIES)			1,056,905		3,762,728

TOTAL ASSETS LESS CURRENT LIABILITIES			16,195,493		17,560,548

NET ASSETS			16,195,493		17,560,548

CAPITAL AND RESERVES
Called up share capital	8		25,000		25,000
Profit and Loss Account			16,170,493		17,535,548

SHAREHOLDERS' FUNDS			16,195,493		17,560,548

For the 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.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Robert Standing

Director

30 September 2025

The notes on pages 2 to 4 form part of these financial statements.

1. General Information

Rs Furbs Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04732937 . The registered office is 4th Floor Phoenix House, 1 Station Hill, Reading, Berkshire, RG1 1NB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles

3 years straight line

2.4. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2024	2023
Office and administration	1	1

	1	1

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Rs Furbs Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Tangible Assets

	Motor Vehicles
	£
Cost
As at 1 January 2024	15,598

As at 31 December 2024	15,598

Depreciation
As at 1 January 2024	15,598

As at 31 December 2024	15,598

Net Book Value
As at 31 December 2024	-

As at 1 January 2024	-

5. Investments

	Listed
	£
Cost
As at 1 January 2024	13,797,820
Additions	1,962,067
Disposals	(621,299 )

As at 31 December 2024	15,138,588

Provision
As at 1 January 2024	-

As at 31 December 2024	-

Net Book Value
As at 31 December 2024	15,138,588

As at 1 January 2024	13,797,820

At the end of 2024, the company's subscribed shares in private equity fund was £6,312,892.29 (2023: £6,139,419.29). The investment was carried at cost.

The remaining investments are mainly listed shares and corporate notes of 5,596,383.32 (2023: £4,462,373.41) which were bought for long term holding.

Investment in Glasswall Holdings ltd remains same with amounting to £200,000 (2023: 200,000).

Other Investment in shares are £3,029,313.73 (2023: 2,973,463.73).

Investment in Strategy Research remains same with amounting to £Nil (2023: £8,400).

Current year Additions :

Investment in PE Fund - 173,473.00

Investment in Shares - 55,850.00

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Rs Furbs Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

6. Debtors

	2024	2023
	£	£
Due within one year
Loan	12,860,766	14,184,618
Deferred tax current asset	428,461	428,461

	13,289,227	14,613,079

On 12th September 2024 , The company granted a loan of £100,000 to SWINFORD TOLL BRIDGE. These loans are interest free and repayable on demand.

On 18th January 2024 , The company granted a loan of £200,000 to AMPS. These loans are interest free and repayable on demand.

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Corporation tax	-	41,545
RCS Trust loan	10,071,180	10,071,180
RCS USD loan	1,584,983	1,584,983
Other creditors (3)	3,408,376	-
Accruals and deferred income	5,249	4,071
Director's loan account	1,998,452	1,998,452

	17,068,240	13,700,231

On 14 October 2021, the company entered into an additional loan of £6,700,000 with RCS Trust. The balance at the year-end is £10,071,180.

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	25,000	25,000

9. Financial Instruments

Financial instruments are classified and accounted for, according to the substance of the contractual agreement, as either financial assets, financial liabilities or equity instruments.

An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

10. Related Party Transactions

At 31 December 2024 the company owed £1,998,451.90 (2023: £1,998,451.90) to Mr R C Standing. This amount is interest free, has no fixed repayment and is shown within creditors in note 8.

Mr R C Standing, a director of the company, is also a member of Neuron Advisers LLP (formerly known as LDF Advisers LLP). In 2012, the company made an investment of £630,000 in Neuron Advisers LLP and there is a disposal of £615,835.00 in the year of 2023. This amount is included within investments and is shown within note 5.

At 31 December 2022 the company owed £1,584,983 to Mr R C Standing. This amount is interest free, has no fixed repayment and is shown within creditors in note 8.

11. Ultimate Controlling Party

The company's ultimate controlling party is Robert C Standing by virtue of his ownership of 100% of the issued share capital in the company.

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