Company No: 08681139 (England and Wales)

Contents

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

Director	R M Harris (Resigned 25 April 2024)
	L G Marks

Secretary

I Gadilhe

Registered office	2nd Floor
	168 Shoreditch High Street
	E1 6RA
	London
	United Kingdom

Company number

08681139 (England and Wales)

Accountant	Kreston Reeves LLP
	2nd Floor
	168 Shoreditch High Street
	London
	E1 6RA

	Note	2024		2023
		£		£
Fixed assets
Investments	3	10,752,328		12,048,266
		10,752,328		12,048,266
Current assets
Debtors	4	12,986,495		12,654,495
Cash at bank and in hand		792,725		4,574,356
		13,779,220		17,228,851
Creditors: amounts falling due within one year	5	( 4,977,641)		( 9,431,009)
Net current assets		8,801,579		7,797,842
Total assets less current liabilities		19,553,907		19,846,108
Net assets		19,553,907		19,846,108
Capital and reserves
Called-up share capital	6	100		100
Profit and loss account		19,553,807		19,846,008
Total shareholders' funds		19,553,907		19,846,108

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.

Director's 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 director acknowledges 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 Rias Investments Limited (registered number: 08681139) were approved and authorised for issue by the Director on 29 September 2025. They were signed on its behalf by:

L G Marks 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

Rias 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 2nd Floor, 168 Shoreditch High Street, E1 6RA, London, 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

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. Nonmonetary 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.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Profit and loss account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Interest income

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

Taxation

Current tax
Tax is recognised in profit or loss 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.

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.

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

Impairment of assets

Assets that are subject to depreciation or amortisation are assessed at each balance sheet date to determine whether there is any indication that the assets are impaired. Where there is any indication that an asset may be impaired, the carrying value of the asset (or cash-generating unit to which the asset has been allocated) is tested for impairment. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's (or CGU's) fair value less costs to sell and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (CGUs). Non-financial assets that have been previously impaired are reviewed at each balance sheet date to assess whether there is any indication that the impairment losses recognised in prior periods may no longer exist or may have decreased.

Fixed asset investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

Trade and other debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

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.

Trade and other creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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.

2. Employees

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

3. Fixed asset investments

	2024		2023
	£		£
Subsidiary undertakings	7,009,102		7,909,403
Other investments and loans	3,743,226		4,138,863
	10,752,328		12,048,266

Investments in subsidiaries

	2024
	£
Cost
At 01 January 2024	7,909,403
Revalutions	(900,301)
At 31 December 2024	7,009,102
Carrying value at 31 December 2024	7,009,102
Carrying value at 31 December 2023	7,909,403

	Listed investments		Other investments		Total
	£		£		£
Cost or valuation before impairment
At 01 January 2024	3,945,857		193,006		4,138,863
Additions	0		203,500		203,500
Disposals	( 1,036,721)		0		( 1,036,721)
Revaluation	434,847		0		434,847
Foreign exchange movement	2,279		0		2,279
Amounts written off	458		0		458
At 31 December 2024	3,346,720		396,506		3,743,226
Carrying value at 31 December 2024	3,346,720		396,506		3,743,226
Carrying value at 31 December 2023	3,945,857		193,006		4,138,863

4. Debtors

	2024		2023
	£		£
Amounts owed by Group undertakings	12,486,446		12,654,446
Amounts owed by connected companies	500,000		0
Other debtors	49		49
	12,986,495		12,654,495

5. Creditors: amounts falling due within one year

	2024		2023
	£		£
Amounts owed to connected companies	882,161		1,600
Accruals	5,161		2,760
Taxation and social security	9,118		1,000
Other creditors	4,081,201		9,425,649
	4,977,641		9,431,009

6. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100		100

7. Financial commitments

Other financial commitments

The company has a financial commitment of $50,000 (2023: $50,000) for an investment fund as the funds are called up.

8. Related party transactions

During the year, the company made repayments totaling £4,874,436 (2023: £1,000,006) to R M Harris, a director of the company during the year. At the balance sheet date, the company owed £4,081,201 (2023: £8,955,637) to R M Harris. This loan is non-interest bearing and is included within 'Creditors: Other Creditors' in Note 5 to these accounts.

During the year, the company met expenditure on behalf of Rias Old Street Limited, a company under common control, totalling £500,000 (2023: £Nil). At the balance sheet date, the company was owed £500,000 (2023: £Nil) by Rias Old Street Limited. This is included within 'Debtors: Amounts owed by connected companies' in Note 4 to these accounts. This loan in non-interest bearing and is repayable on demand.

During the year, Barbridge Investments Limited, a company under common control, met expenditure totalling £Nil (2023: £800). At the balance sheet date, the company owed £800 (2023: £800) to Barbridge Investments Limited. This is included within 'Creditors: Amounts owed to connected companies' in Note 5 to these accounts. This loan in non-interest bearing and is repayable on demand.

During the year, Rias Investments One Limited, a company under common control, met expenditure totalling £880,561 (2023: £800). At the balance sheet date, the company owed £881,361 (2023: £800) to Rias Investments One Limited. This is included within 'Creditors: Amounts owed to connected companies' in Note 5 to these accounts. This loan in non-interest bearing and is repayable on demand.

9. Ultimate controlling party

At the year end the company is under the control of the director.