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REGISTERED NUMBER: 15500521 (England and Wales)

Unaudited Financial Statements

for the period

18 February 2024 to 31 March 2025

for

RCG COULSDON LIMITED

| RCG COULSDON LIMITED (REGISTERED NUMBER: 15500521) |

Contents of the Financial Statements

for the period 18 February 2024 to 31 March 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| RCG COULSDON LIMITED |

Company Information

for the period 18 February 2024 to 31 March 2025

| Director: | G M Livingston

| Registered office: | 3rd Floor

| 86-90 Paul Street

| London

| EC2A 4NE

| Registered number: | 15500521 (England and Wales)

| Accountants: | Cooper Parry Advisory Limited

| Broadwalk House, 5th Floor

| 5 Appold Street

| Broadgate

| London

| EC2A 2AG

| RCG COULSDON LIMITED (REGISTERED NUMBER: 15500521) |

Balance Sheet

31 March 2025

| Notes | £ | £

| Fixed assets

| Tangible assets | 4 | 2,238 |  |

| Investment property | 5 | 20,008,224 |  |

20,010,462 |  |

| Current assets

| Debtors | 6 | 313,327 |  |  |

| Cash at bank | 311,750 |  |  |

625,077 |  |

| Creditors

| Amounts falling due within one year | 7 | 270,140 |  |

| Net current assets | 354,937 |  |

| Total assets less current liabilities | 20,365,399 |  |

| Creditors

| Amounts falling due after more than one year | 8 | 20,902,333 |  |

| Net liabilities | (536,934 | ) |

| Capital and reserves

| Called up share capital | 11 | 1 |  |

| Retained earnings | (536,935 | ) |

| Shareholders' funds | (536,934 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2025 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 profit or loss 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 October 2025 and were signed by:

G M Livingston - Director

| RCG COULSDON LIMITED (REGISTERED NUMBER: 15500521) |

Notes to the Financial Statements

for the period 18 February 2024 to 31 March 2025

1. | Statutory information

| RCG Coulsdon Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| The presentation currency of the financial statements is the Pound Sterling (£).

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.

| Key source of estimation, uncertainty and judgement

| The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

| There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

| There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried out by management regularly. Whilst every attempt is made to ensure that the deferred tax is as accurate as possible, there remains a risk that the provisions do not match the actual tax liability when asset is disposed of.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Fixtures and fittings | - | 25% on reducing balance

| Computer equipment | - | 25% on reducing balance

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| Financial instruments

| Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

| Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

| Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

| Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

| Going concern

| Although the company is reporting net liabilities, the company is meeting its ongoing financial obligations and the director has adopted the going concern basis when preparing the accounts.

| RCG COULSDON LIMITED (REGISTERED NUMBER: 15500521) |

Notes to the Financial Statements - continued

for the period 18 February 2024 to 31 March 2025

3. | Employees and directors

| The average number of employees during the period was 1 .

4. | Tangible fixed assets

Fixtures |

and | Computer |

fittings | equipment | Totals |

| £ | £ | £

| Cost

| Additions | 1,631 |  | 1,088 |  | 2,719 |  |

| At 31 March 2025 | 1,631 |  | 1,088 |  | 2,719 |  |

| Depreciation

| Charge for period | 309 |  | 172 |  | 481 |  |

| At 31 March 2025 | 309 |  | 172 |  | 481 |  |

| Net book value

| At 31 March 2025 | 1,322 |  | 916 |  | 2,238 |  |

5. | Investment property

Total |

| £

| Fair value

| Additions | 20,008,224 |  |

| At 31 March 2025 | 20,008,224 |  |

| Net book value

| At 31 March 2025 | 20,008,224 |  |

| During the year, an investment property was acquired in May 2024. The property is used for rental income purposes and has a value of £20,008,224.

6. | Debtors: amounts falling due within one year |

| £

| Other debtors | 311,235 |  |

| Prepayments | 2,092 |  |

313,327 |  |

7. | Creditors: amounts falling due within one year |

| £

| Other creditors | 186,360 |  |

| Accruals and deferred income | 83,780 |  |

270,140 |  |

8. | Creditors: amounts falling due after more than one year |

| £

| Bank loans (see note 9) | 14,500,000 |  |

| Other loans (see note 9) | 6,402,333 |  |

20,902,333 |  |

| RCG COULSDON LIMITED (REGISTERED NUMBER: 15500521) |

Notes to the Financial Statements - continued

for the period 18 February 2024 to 31 March 2025

9. | Loans

| An analysis of the maturity of loans is given below:

| £

| Amounts falling due between two and five years:

| Bank loans - 2-5 years | 14,500,000 |  |

| Other loans - 2-5 years | 6,402,333 |  |

20,902,333 |  |

10. | Secured debts

| The following secured debts are included within creditors:

| £

| Bank loans | 14,500,000 |  |

| The company's bankers hold a fixed and floating charge over the company's assets which includes the freehold investment property and land owned by the company.

11. | Called up share capital

| Allotted, issued and fully paid:

| Number: | Class: | Nominal |

value: |  | £

| 1 | Ordinary | £1 | 1 |  |

12. | Related party disclosures

| At the balance sheet date the company owed Farlane I LLP £6,402,333. No interest has been paid during the period. During the period Farlane I LLP raised management fees amounting to £120,833.

| At the balance sheet date, Nara Living Limited held funds on behalf of RCG Coulsdon Limited which amounted to £124,876.

13. | Ultimate controlling party

| The ultimate parent company is Farlane I LLP. There is no ultimate controlling party in Farlane I LLP.