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REGISTERED NUMBER: SC040033 (Scotland)

Unaudited Financial Statements for the Year Ended 31 July 2024

for

Rangers FC Youth Development Company Ltd

| Rangers FC Youth Development Company Ltd (Registered number: SC040033) |

Contents of the Financial Statements

for the Year Ended 31 July 2024

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Rangers FC Youth Development Company Ltd |

Company Information

for the Year Ended 31 July 2024

| DIRECTOR: | C Stewart

| SECRETARY: | C Stewart

| REGISTERED OFFICE: | Broomloan House

| 150 Edmiston Drive

| Ibrox Stadium

| Glasgow

| G51 2XD

| REGISTERED NUMBER: | SC040033 (Scotland)

| ACCOUNTANTS: | Stevenson & Kyles

| Chartered Accountants

| 25 Sandyford Place

| Glasgow

| G3 7NG

| Rangers FC Youth Development Company Ltd (Registered number: SC040033) |

Balance Sheet

31 July 2024

| 31.7.24 | 31.7.23 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Investments | 4 | 201 |  | 201 |  |

CURRENT ASSETS

Debtors | 5 | 230,091 |  | 155,870 |  |

Cash at bank | 30,000 |  | 30,000 |  |

260,091 |  | 185,870 |  |

CREDITORS

Amounts falling due within one year | 6 | 260,292 |  | 186,071 |  |

NET CURRENT LIABILITIES | (201 | ) | (201 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | - |  | - |  |

RESERVES

- |  | - |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

| Rangers FC Youth Development Company Ltd (Registered number: SC040033) |

Balance Sheet - continued

31 July 2024

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 October 2025 and were signed by:

C Stewart - Director

| Rangers FC Youth Development Company Ltd (Registered number: SC040033) |

Notes to the Financial Statements

for the Year Ended 31 July 2024

1. | STATUTORY INFORMATION

| Rangers FC Youth Development Company Ltd is a private company, limited by guarantee , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

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

| Donations

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| The donations receivable for the year relate to disbursements made from Rangers Lotteries Limited in relation

| to gaming activities and other ad hoc activities incurred in the year. This is inclusive of both the minimum

| donation for the year for the gaming activities and also surplus disbursements in relation to all activities in the

| subsidiary entity.

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| Financial instruments

| Basic financial instruments, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Rangers FC Youth Development Company Ltd (Registered number: SC040033) |

Notes to the Financial Statements - continued

for the Year Ended 31 July 2024

2. | ACCOUNTING POLICIES - continued

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 6 (2023 - 6 ) .

4. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertaking

£ |

| COST

| At 1 August 2023

| and 31 July 2024 | 201 |  |

| NET BOOK VALUE

| At 31 July 2024 | 201 |  |

| At 31 July 2023 | 201 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.7.24 |  | 31.7.23

£ | £ |

| Trade debtors | - |  | 152 |  |

| Other debtors | 230,091 |  | 155,718 |  |

230,091 |  | 155,870 |  |

| Other debtors includes an amount of £230,091 (2023: £112,961) owed to the company by the subsidiary Rangers Lotteries Limited. This represents an accumulation of unpaid donations made by Rangers Lotteries to the company in furtherance of its aims.

| In the year under review, donations totalling £578,254 (2023: £393,207) were made by Rangers Lotteries Limited to the company.

| Rangers FC Youth Development Company Ltd (Registered number: SC040033) |

Notes to the Financial Statements - continued

for the Year Ended 31 July 2024

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.7.24 |  | 31.7.23

£ | £ |

| Other creditors | 260,292 |  | 186,071 |  |

| Other creditors includes a sum of £126,922 (2023: £166,071) owed to Rangers FC Pools Ltd. This represents income received and expenses paid on behalf of Rangers FC Pools Ltd which does not have a separate bank account.