RJFM INVESTMENTS LTD

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 13699502

		31 March 2025		31 October 2023
	Notes	£	£	£	£
FIXED ASSETS
Investments	4		10,114,835		10,266,781

			10,114,835		10,266,781
CURRENT ASSETS
Debtors	5	464,383		591,557
Cash at bank and in hand		190,105		176,804

		654,488		768,361
Creditors: Amounts Falling Due Within One Year		(19,874 )		(116,663 )

NET CURRENT ASSETS (LIABILITIES)			634,614		651,698

TOTAL ASSETS LESS CURRENT LIABILITIES			10,749,449		10,918,479

Creditors: Amounts Falling Due After More Than One Year	6		(13,976,598 )		(13,304,676 )

NET LIABILITIES			(3,227,149 )		(2,386,197 )

CAPITAL AND RESERVES
Called up share capital	7		100		100
Profit and Loss Account			(3,227,249 )		(2,386,297 )

SHAREHOLDERS' FUNDS			(3,227,149)		(2,386,197)

For the period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Robert MacMillan Director	JTC Directors (UK) Limited Director
16th December 2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

RJFM INVESTMENTS LTD is a private company, limited by shares, incorporated in England & Wales, registered number 13699502 . The registered office is HX1, 16th Floor, Harbour Exchange Square , London, United Kingdom E14 9GE.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting 102 Section 1A- 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' ('FRS 102').

2.2. Foreign Currencies

Transactions undertaken in foreign currencies are translated to GBP at the rate ruling on the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated to GBP at the rate ruling on the reporting date. Profits and losses on exchange are dealt with in the statement of comprehensive income.

3. Average Number of Employees

Average number of employees, including directors, during the period was: NIL (2023: NIL)

4. Investments

	Listed
	£
Cost
As at 1 November 2023	10,266,781
Additions	(151,946 )

As at 31 March 2025	10,114,835

Provision
As at 1 November 2023	-

As at 31 March 2025	-

Net Book Value
As at 31 March 2025	10,114,835

As at 1 November 2023	10,266,781

5. Debtors

	31 March 2025	31 October 2023
	£	£
Due within one year
Trade debtors	104,272	-
Other debtors	3,332	-

	107,604	-
Due after more than one year
Amounts owed by related parties	356,779	591,557

	464,383	591,557

Page 2

Page 3

RJFM INVESTMENTS LTD

Notes to the Financial Statements (continued)

For the Period 1 November 2023 to 31 March 2025

6. Creditors: Amounts Falling Due After More Than One Year

	31 March 2025	31 October 2023
	£	£
Bank loans	13,976,598	13,304,676

The HSBC Lombard loan are drawn in USD, GBP and EUR, secured over both the portfolio investment (as per note 2) and some personal investments of the shareholder, and bears interest of 1% above the rate of Federal Reserve Board rate (USD), Bank of England (GBP), European Bank Authority (EUR).

The loan with shareholder is unsecured, interest free and with repayment date unspecified.

7. Share Capital

	31 March 2025	31 October 2023
	£	£
Allotted, Called up and fully paid	100	100

Page 3