Company No: 08388533 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2024		2023
		£		£
Fixed assets
Investments	3	8,440,300		8,440,300
		8,440,300		8,440,300
Current assets
Debtors	4	3,080,698		3,400,698
		3,080,698		3,400,698
Creditors: amounts falling due within one year	5	( 50)		( 50)
Net current assets		3,080,648		3,400,648
Total assets less current liabilities		11,520,948		11,840,948
Net assets		11,520,948		11,840,948
Capital and reserves
Called-up share capital	6	8,000,000		8,000,000
Profit and loss account		3,520,948		3,840,948
Total shareholders' funds		11,520,948		11,840,948

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 members have 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements of RTB Private Equity Ltd (registered number: 08388533) were approved and authorised for issue by the Board of Directors on 30 September 2025. They were signed on its behalf by:

Stephen Wells 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

RTB Private Equity Ltd (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 (registered number: 08388533). The address of the Company's registered office is The New Works, Roughmoor Industrial Estate, Williton, Somerset, TA4 4RF, 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.

The functional currency of RTB Private Equity Ltd is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

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.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

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.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Fixed asset investments

Investments in subsidiaries

	2024
	£
Cost
At 01 January 2024	8,440,300
At 31 December 2024	8,440,300
Carrying value at 31 December 2024	8,440,300
Carrying value at 31 December 2023	8,440,300

4. Debtors

	2024		2023
	£		£
Amounts owed by own subsidiaries	3,067,510		3,387,510
Other debtors	13,188		13,188
	3,080,698		3,400,698

5. Creditors: amounts falling due within one year

	2024		2023
	£		£
Amounts owed to own subsidiaries	50		50

6. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
5,500,000 Ordinary shares of £ 1.00 each	5,500,000		5,500,000
700,000 Ordinary A shares of £ 1.00 each	700,000		700,000
800,000 Ordinary B shares of £ 1.00 each	800,000		800,000
	7,000,000		7,000,000
1,000,000 Redeemable preference shares of £ 1.00 each	1,000,000		1,000,000
	8,000,000		8,000,000

7. Related party transactions

As a Holding Company with wholly owned subsidiaries, the company has taken the advantage of the exemption contained in s. 1AC.35 of FRS102, and not disclosed transactions or balances with wholly owned group entities.