Contents of the Financial Statements

for the Period Ended 31 July 2025

Directors' report period ended 31 July 2025

The directors present their report with the financial statements of the company for the period ended 31 July 2025

Directors

The directors shown below have held office during the whole of the period from
1 August 2024 to 31 July 2025

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
21 April 2026

And signed on behalf of the board by:
Name: Cris McGuinness
Status: Director

Profit And Loss Account

for the Period Ended 31 July 2025

Balance sheet

As at 31 July 2025

The notes form part of these financial statements

Balance sheet statements

For the year ending 31 July 2025 the company was entitled to exemption 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 notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 July 2025

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Turnover policy

  Turnover Turnover represents income from management services provided to its joint venture investment exclusive of VAT. Fees are contractually earned based on Lambeth Regeneration LLP’s revenue recorded in the same period by reference to financial statements or interim accounts prepared by the Joint Venture.

  Other accounting policies

  Principal accounting policies Riverside Regeneration (Lambeth) Limited is a private company limited by shares, incorporated in England & Wales under the Companies Act. The address of the registered office is given on the contents page. The financial statements have been prepared in accordance with FRS 102 Section 1A Small Entities. Basis of measurement The financial statements have been prepared on a historical cost basis. The preparation of financial statements in compliance with FRS 102 Section 1A Small Entities requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the accounting policies. The Company’s functional and presentational currency is pounds sterling. The following principal accounting policies have been applied: Going Concern The financial statements have been prepared on a going concern basis as the Directors are of the opinion that the company has adequate resources to continue in operational existence for the foreseeable future, being a period of not less than twelve months, from the date of the report and financial statements are approved. During the year the company provided further funding of £270k in the joint venture, with a total investment as at the 31 July 2025 of £5,708k. Construction works have started on site with the first block of affordable homes forecast to be handed over in May 2026. The company generated a profit before tax from management activities of £45k. Current forecasts, including stress testing, show that the development is continuing to be sustainable, and work will continue. In assessing the company’s ability to continue as a going concern the directors have considered the principal risks faced by the company and its long-term viability. After due consideration, the directors are confident that the company has adequate resources to continue in operational existence for the foreseeable future. Turnover Turnover represents income from management services provided to its joint venture investment exclusive of VAT. Fees are contractually earned based on Lambeth Regeneration LLP’s revenue recorded in the same period by reference to financial statements or interim accounts prepared by the Joint Venture. Current and deferred taxation and gift aid The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except: - The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and - Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined based on the rates expected to apply at the date of reversal, using tax rates and laws that have been enacted or substantively enacted by the reporting date. The charge for taxation is based on the result for the year and takes into account deferred taxation and gift aid declarations. Gift aid payments are accounted for as distributions to the parent and accounted for in the period in which they are declared; this is because Riverside Regeneration (Lambeth) Limited is a wholly owned subsidiary of a charity and payments are made within nine months of the period end date. There is an element of estimation in the declaration made prior to period end and no amounts are paid which are in excess of reportable retained earnings. Value Added Tax (VAT) Riverside Regeneration (Lambeth) Limited is part of the parent’s VAT group. The Riverside Group Limited is partially exempt in relation to Value Added Tax (VAT) and accordingly can recover from HM Revenue & Customs part of the VAT incurred on expenditure. At the year-end VAT recoverable or payable is included in the statement of financial position. Irrecoverable VAT is accounted for in the statement of comprehensive income. Tangible Fixed Assets Tangible fixed assets are stated at cost. Land is not depreciated. Stocks Stocks are stated at the lower of cost and net realisable value. Cost is based on the cost of purchase on a first in, first out basis. Net realisable value is based on the estimated selling price less additional costs of disposal. Land & development costs that form part of the development to be sold to TRGL and the LLP will be held as a current asset and recharged via sales invoice when the development reaches clear milestones. Cash at bank and in hand Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than here from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value. Debtors Short term debtors are measured at transaction price, less any impairment. Creditors Short term creditors are measured at the transaction price. Financial instruments Financial liabilities and equity are classified according to the substance of the financial instrument’s contractual obligations, rather than its legal form. The company’s cash at bank and in hand and trade and other debtors and its trade and other creditors are measured initially at the transaction price, including transaction costs. Sale and leaseback When a sale and leaseback transaction results in a finance lease, no gain is immediately recognised for any excess of sales proceeds over the carrying amount of the asset. Instead, the proceeds are deferred and presented as a liability and subsequently measured at amortised cost using the effective interest method. When a sale and leaseback transaction results in an operating lease, and it is clear that the transaction is established at fair value, any profit or loss is recognised immediately. If the sale price is below fair value, any profit or loss is recognised immediately unless the loss is compensated for by future lease payments at below market price. In that case any such loss is amortised in proportion to the lease payments over the period for which the asset is expected to be used. If the sale price is above fair value, the excess over fair value is amortised over the period for which the asset is expected to be used. Operating leases: Lessor Where assets are leased to a third party and give rights approximating to ownership (finance leases), the assets are treated as if they have been sold outright. The amount removed from the fixed assets is the net book value on disposal of the asset. The profit on disposal, being the excess of the present value of the minimum lease payments over net book value is credited to profit or loss. Finance lease payments are analysed between capital and interest components so that the interest element of the payment is credited to profit or loss over the term of the lease and represents a constant proportion of the balance of capital repayments outstanding. The capital part reduces the amounts owed by the lessee. All other leases are treated as operating leases. Their annual rentals are credited to profit or loss on a straight-line basis over the term of the lease. Reserves The company’s reserves are as follows: - Called up share capital reserve represents the nominal value of the shares issued. - Profit and loss account represents cumulative profits or losses, net of dividends paid and other adjustments. Impairment Financial assets are assessed at each reporting date to determine whether there is any objective evidence that a financial asset or group of financial assets is impaired. If there is objective evidence of impairment, an impairment loss is recognised in the statement of comprehensive income immediately. An impairment loss is measured as follows on the following instruments measured at cost or amortised cost: - For an instrument measured at amortised cost, the impairment loss is the difference between the asset’s carrying amount and the present value of the estimated future cash flows discounted at the asset’s original effective interest rate. - For an instrument measured at cost less impairment, the impairment loss is the difference between the asset’s carrying amount and the best estimate of the amount that the entity would receive for the asset if it were to be sold at the reporting date. Judgements and key sources of estimation uncertainty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the statement of financial position date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In preparing these financial statements, the directors have had to make the following judgements: - The anticipated costs to complete on a joint venture development scheme is considered an area of judgement. Costs to complete are based on anticipated construction cost, effective rate of interest on loans during the construction period, legal costs, and other costs. Based on the costs to complete, they then determine the recoverability of the cost of properties developed for outright sale and/or land held for sale. This judgement is also based on the member’s best estimate of sales value based on economic conditions within the area of development. - Determine whether there are indicators of impairment of the Company’s tangible assets. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and where it is a component of a larger cash-generating unit, the viability and expected future performance of that unit. - Determine whether leases entered into by the group either as a lessor or a lessee are operating or finance leases. These decisions depend on an assessment of whether the risks and rewards of ownership have been transferred from the lessor to the lessee on a lease-by-lease basis. - In 2019 TRGL (the seller/lessee) and the Company (buyer/lessor) completed the sale and leaseback of freehold land and buildings for a net consideration of £1.7m, recognising a £nil gain or loss, and an operating lease of 60 years for a £nil rental charge each year. The Company carried out an assessment to consider whether the resulting lease was an operating of finance lease. This assessment considered available accounting guidance, with specific consideration given to, but not limited to, the transfer of risks and rewards, any transfer of ownership of the asset at the end of the lease, the lease term, the present value of lease payments, nature of the asset, availability of break clauses, extension options etc. Following the completion of this analysis, it was concluded based on the facts and circumstance of this transaction, that the lease was most appropriately treated as an operating lease. Other key sources of estimation uncertainty: - The directors do not consider there are any significant accounting estimates used in these financial statements other than the above.

Notes to the Financial Statements

for the Period Ended 31 July 2025

• 2. Employees

  	2025	2024
  Average number of employees during the period	0	0