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REGISTERED NUMBER: 08974590 (England and Wales)

| RGIFTS LIMITED |

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 MAY 2025 |

RGIFTS LIMITED (REGISTERED NUMBER: 08974590)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

RGIFTS LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MAY 2025

| DIRECTOR: | R King

| SECRETARY: | F Cirstoiu

| REGISTERED OFFICE: | 12 Netherhill Road

| St Fergus

| Peterhead

| Aberdeenshire

| AB42 3EQ

| REGISTERED NUMBER: | 08974590 (England and Wales)

RGIFTS LIMITED (REGISTERED NUMBER: 08974590)

BALANCE SHEET

31 MAY 2025

| 31.5.25 | 31.5.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 332 |  | 350 |  |

Tangible assets | 5 | 33,477 |  | 25,881 |  |

33,809 |  | 26,231 |  |

CURRENT ASSETS

Stocks | 29,655 |  | 22,609 |  |

Debtors | 6 | 420,799 |  | 500,876 |  |

Investments | 7 | - |  | 12,824 |  |

Cash at bank and in hand | 10,426 |  | 128,316 |  |

460,880 |  | 664,625 |  |

CREDITORS

Amounts falling due within one year | 8 | 183,744 |  | 123,394 |  |

NET CURRENT ASSETS | 277,136 |  | 541,231 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 310,945 |  | 567,462 |  |

CREDITORS

Amounts falling due after more than one year | 9 | (24,281 | ) | (85,311 | ) |

PROVISIONS FOR LIABILITIES | 10 | - |  | (6,470 | ) |

NET ASSETS | 286,664 |  | 475,681 |  |

CAPITAL AND RESERVES

Called up share capital | 11 | 100 |  | 100 |  |

Retained earnings | 286,564 |  | 475,581 |  |

SHAREHOLDERS' FUNDS | 286,664 |  | 475,681 |  |

RGIFTS LIMITED (REGISTERED NUMBER: 08974590)

BALANCE SHEET - continued

31 MAY 2025

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 November 2025 and were signed by:

R King - Director

RGIFTS LIMITED (REGISTERED NUMBER: 08974590)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

1. | STATUTORY INFORMATION

| Rgifts 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.

| Going concern

| The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. In making his assessment, the director has reviewed the balance sheet, the likely future cashflows of the business and has considered the facilities that are available to the company along with his continued support.

| At the date of approving the financial statements the director has reasonable expectations that the company has adequate resources to continue in operational existence for the foreseeable future and that the going concern basis of accounting remains appropriate. The director continues to adopt the going concern basis of accounting in preparing the financial statements

| Significant judgements and estimates

| In the application of the company's accounting policies, which are described in note 2, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

| The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

RGIFTS LIMITED (REGISTERED NUMBER: 08974590)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

2. | ACCOUNTING POLICIES - continued

| Turnover

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

| Turnover is recognised at the fair value of the consideration received or receivable for the services provided to the customer during the normal course of business. Turnover is recognised at the point when all benefits of the services provided are transferred to the customer.

| For online sales, revenue is recognised when the customer pays online, title is deemed to have passed when the goods are dispatched from the warehouse.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Website development are being amortised evenly over their estimated useful life of five years.

| Tangible fixed assets

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

| Plant and machinery | - | 20% on cost

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

| Motor vehicles | - | 20% on reducing balance

| Computer equipment | - | 33% on cost

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

RGIFTS LIMITED (REGISTERED NUMBER: 08974590)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

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.

| Foreign currencies

| 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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

| Impairment

| Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the assets cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit and loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

| Provisions

| Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefit will be required in settlement and the amount can be reliable estimated.

RGIFTS LIMITED (REGISTERED NUMBER: 08974590)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

2. | ACCOUNTING POLICIES - continued

| Cash and cash equivalents

| Cash and cash equivalents are basic financial instruments and include cash in hand and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

| Financial instruments

| The company has elected to apply the provisions of Section 11 "Basic Financial Instruments".

| Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

| Basic financial assets

| Basic financial assets, which include trade and other debtors, loans to related companies and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the financial asset is measured at the present value of the future receipts discounted at a market rate of interest.

| Basic financial liabilities

| Basic financial liabilities, including trade and other creditors, loans to related companies and bank loans are initially recognised at transaction price unless the arrangement constitutes a financial transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

| Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

| Current asset investments

| Current asset investments are initially measured at cost and are subsequently re-measured at their fair value where they qualify as "basic" financial instruments.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 8 (2024 - 7 ) .

RGIFTS LIMITED (REGISTERED NUMBER: 08974590)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

4. | WEBSITE DEVELOPMENT

| Other

| intangible

| assets

£ |

| COST

| At 1 June 2024

| and 31 May 2025 | 83,900 |  |

| AMORTISATION

| At 1 June 2024 | 83,550 |  |

| Charge for year | 18 |  |

| At 31 May 2025 | 83,568 |  |

| NET BOOK VALUE

| At 31 May 2025 | 332 |  |

| At 31 May 2024 | 350 |  |

5. | TANGIBLE FIXED ASSETS

| Fixtures |

| Plant and |  | and |  | Motor |  | Computer |

| machinery |  | fittings |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 June 2024 | 7,015 |  | 65,580 |  | 3,879 |  | 66,078 |  | 142,552 |  |

| Additions | 6,385 |  | 2,019 |  | - |  | 8,121 |  | 16,525 |  |

| At 31 May 2025 | 13,400 |  | 67,599 |  | 3,879 |  | 74,199 |  | 159,077 |  |

| DEPRECIATION

| At 1 June 2024 | 6,625 |  | 48,945 |  | 2,673 |  | 58,428 |  | 116,671 |  |

| Charge for year | 408 |  | 4,453 |  | 241 |  | 3,827 |  | 8,929 |  |

| At 31 May 2025 | 7,033 |  | 53,398 |  | 2,914 |  | 62,255 |  | 125,600 |  |

| NET BOOK VALUE

| At 31 May 2025 | 6,367 |  | 14,201 |  | 965 |  | 11,944 |  | 33,477 |  |

| At 31 May 2024 | 390 |  | 16,635 |  | 1,206 |  | 7,650 |  | 25,881 |  |

RGIFTS LIMITED (REGISTERED NUMBER: 08974590)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

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

| 31.5.25 |  | 31.5.24

£ | £ |

| Other debtors | 1,032 |  | 376 |  |

| Amount owed from related party | 371,978 |  | 479,640 |  |

| Tax | 8,522 |  | - |  |

| Deferred tax asset | 31,377 |  | - |  |

| Prepayments | 7,890 |  | 20,860 |  |

420,799 |  | 500,876 |  |

7. | CURRENT ASSET INVESTMENTS

| 31.5.25 |  | 31.5.24

£ | £ |

| Other | - |  | 12,824 |  |

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

| 31.5.25 |  | 31.5.24

£ | £ |

| Bank loans and overdrafts | 43,544 |  | 32,994 |  |

| Trade creditors | 10,852 |  | 785 |  |

| Tax | - |  | 7,809 |  |

| Social security and other taxes | 1,134 |  | - |  |

| VAT | 6,657 |  | 12,314 |  |

| Other creditors | 33,835 |  | 6,871 |  |

| Directors' current accounts | 45,987 |  | 11,487 |  |

| Accrued expenses | 41,735 |  | 51,134 |  |

183,744 |  | 123,394 |  |

9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.5.25 |  | 31.5.24

£ | £ |

| Bank loans more than 1 year | 24,281 |  | 85,311 |  |

10. | PROVISIONS FOR LIABILITIES

| 31.5.24

£ |

| Deferred tax | 6,470 |  |

RGIFTS LIMITED (REGISTERED NUMBER: 08974590)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

10. | PROVISIONS FOR LIABILITIES - continued

| Deferred |

| tax |

£ |

| Balance at 1 June 2024 | 6,470 |  |

| Accelerated capital allowances | 1,899 |  |

| Unrelieved tax losses | (39,746 | ) |

| Balance at 31 May 2025 | (31,377 | ) |

11. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.5.25 |  | 31.5.24

| value: | £ | £ |

| 90 | Ordinary | £1 | 90 |  | 90 |  |

| 5 | Ordinary A | £1 | 5 |  | 5 |  |

| 5 | Ordinary B | £1 | 5 |  | 5 |  |

100 |  | 100 |  |

12. | RELATED PARTY DISCLOSURES - DIRECTORS

| As at 31 May 2025 the company owed the director £45,987 (2024: £11,487) which is included within the creditors amounts falling due within one year.

| The balance is interest free and repayable on demand.

13. | RELATED PARTY DISCLOSURES

| During the year, the company sold investments valued at £20,236 (2024: purchased investments of £12,824) to Out of This World Investments Limited. As at 31 May 2025, a balance of £364,300 (2024: £471,962) was owed to the company by Out of This World Investments Limited, a related party under common control.

| As at 31 May 2025, an amount of £7,678 (2024: £7,678) was owed to the company by CSK Gifts Limited, a company controlled by a family member of the director.

| All related party balances are interest-free and repayable on demand.