Company No: 07909362 (England and Wales)

Contents

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

DIRECTOR

Tony Tan Choon Keat

REGISTERED OFFICE	45 Gresham Street
	London
	EC2V 7BG
	United Kingdom

COMPANY NUMBER

07909362 (England and Wales)

ACCOUNTANT	S&W Partners LLP
	Onslow House
	Onslow Street
	Guildford
	GU1 4TL

	Note	2024		2023
		£		£
Fixed assets
Investments	2	1,024,292		10,934,828
		1,024,292		10,934,828
Current assets
Debtors	3	0		87,889
Cash at bank and in hand	4	2,488		99,469
		2,488		187,358
Creditors: amounts falling due within one year	5	( 119,943)		( 23,272)
Net current (liabilities)/assets		(117,455)		164,086
Total assets less current liabilities		906,837		11,098,914
Net assets		906,837		11,098,914
Capital and reserves
Called-up share capital		1		1
Profit and loss account		906,836		11,098,913
Total shareholder's funds		906,837		11,098,914

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 member has 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements of Riverglade Properties Limited (registered number: 07909362) were approved and authorised for issue by the Director on 08 December 2025. They were signed on its behalf by:

Tony Tan Choon Keat 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

Riverglade Properties 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 45 Gresham Street, London, EC2V 7BG, 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 ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Riverglade Properties Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Going concern

The financial statements have been prepared on a going concern basis.

The director has made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise on monetary items.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Impairment of assets

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

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.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

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.

Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through the Statement of Income and Retained Earnings. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

Associates and joint ventures

Associates and joint ventures are held at cost less impairment

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, other than the director, who did not receive any remuneration	0		0

2. Fixed asset investments

	Listed investments		Investments in joint ventures		Total
	£		£		£
Cost or valuation before impairment
At 01 January 2024	10,934,728		100		10,934,828
Additions	3,922,822		0		3,922,822
Disposals	( 14,046,273)		0		( 14,046,273)
Movement in fair value	212,915		0		212,915
At 31 December 2024	1,024,192		100		1,024,292
Carrying value at 31 December 2024	1,024,192		100		1,024,292
Carrying value at 31 December 2023	10,934,728		100		10,934,828

3. Debtors

	2024		2023
	£		£
Other debtors	0		87,889

4. Cash and cash equivalents

	2024		2023
	£		£
Cash at bank and in hand	2,488		99,469

5. Creditors: amounts falling due within one year

	2024		2023
	£		£
Trade creditors	7,719		0
Amounts owed to Parent undertakings	100		100
Accruals	11,716		9,970
Taxation and social security	100,408		13,202
	119,943		23,272

6. Ultimate controlling party

The immediate parent undertaking is Hasetrale Holdings Pte Ltd, a company registered in Singapore.

The largest and smallest group of undertakings for which group accounts for the year ended 31 December 2023 have been drawn up, is that headed by Hasetrale Holdings Pte Ltd. Copies of the group accounts are available from 391A Orchard Road, #21-05 Ngee Ann City Tower A, Singapore 238873.