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Registered number: 06241556 R2C ONLINE HOLDINGS LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
R2C ONLINE HOLDINGS LIMITED REGISTERED NUMBER:06241556
BALANCE SHEET AS AT 31 DECEMBER 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Investments | 4 |  | - |  | 1,530
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 5 | 275,627 |  | 199,000 |
|  | 275,627 |  | 199,000 |
Creditors: amounts falling due within one year | 6 | - |  | (1,503,639) |
Net current assets/(liabilities) |  |  | 275,627 |  | (1,304,639)
Total assets less current liabilities |  |  | 275,627 |  | (1,303,109)
Creditors: amounts falling due after more than one year | 7 |  | (247,350) |  | (247,350)
Net assets/(liabilities) |  |  | 28,277 |  | (1,550,459)
Capital and reserves |  |  |  |  |
Called up share capital | 8 |  | 3,485 |  | 3,485
Share premium account |  |  | 24,177 |  | 24,177
Capital redemption reserve |  |  | 615 |  | 615
Profit and loss account |  |  | - |  | (1,578,736)
|  |  | 28,277 |  | (1,550,459)
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 4 August 2026.
A Varadpande
Director
The notes on pages 2 to 5 form part of these financial statements. Page 1
R2C ONLINE HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
1. | General information
R2C Online Holdings Limited is a private Company limited by shares, incorporated in England and Wages (registered number: 06241156). Its registered office is 2 Vantage Drive, Sheffield, South Yorkshire, S91RG. The principal activity of the Company throughout the year continued to be that of a holding company. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
| 2.2 | Exemption from preparing consolidated financial statements
The Company is a parent company that is also a subsidiary included in the consolidated financial statements of a larger group by a parent undertaking established under the law of a state other than the United Kingdom and is therefore exempt from the requirement to prepare consolidated financial statements under section 401 of the Companies Act 2006.
| 2.3 | Going concern
As at 31 December 2025 the Company's assets exceeded its liabilities by £28,277 (2024: the Company's liabilities exceeded assets by £1,550,459). The directors have prepared detailed cash flow projections which leave them confident that the Company will be able to meet its obligations as they become due, with support from its parent company as and when necessary, and accordingly the financial statements have been prepared on a going concern basis.
| 2.4 | Valuation of investments
Investments in subsidiaries are measured at cost less accumulated impairment. Page 2
R2C ONLINE HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.5 | Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties. Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost. Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.
| 2.6 | Taxation
Tax is recognised in the Statement of Income and Retained Earnings. The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date in the countries where the Company operates and generates income.
| 2.7 | Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
3. | Employees
| The average monthly number of employees, including directors, during the year was 2 (2024 - 1).
Page 3
R2C ONLINE HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
4. | Fixed asset investments
|  | Investments in subsidiary companies
|  | £
| Cost |
| At 1 January 2025 | 1,530
| Disposals | (1,530)
| At 31 December 2025 | -
5. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts owed by group undertakings | 275,627 | 199,000
6. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts owed to group undertakings | - | 1,503,639
7. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Share capital treated as debt | 247,350 | 247,350
Page 4
R2C ONLINE HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
8. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Shares classified as equity
|  | Allotted, called up and fully paid |  |
|  | 204,700 (2024 - 204,700) Ordinary shares of £0.01 each | 2,047 | 2,047
|  | 143,794 (2024 - 143,794) Ordinary A shares of £0.01 each | 1,438 | 1,438
|  |  | 3,485 | 3,485
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Shares classified as debt
|  | Allotted, called up and fully paid |  |
|  | 247,350 (2024 - 247,350) Preference shares of £1.00 each | 247,350 | 247,350
9. | Controlling party
The immediate controlling party is Fleetcor UK Acquisition Limited. The ultimate controlling party is Corpay Inc, a listed company based in the United States. Its registered office is 3280 Peachtree Road, Suite 2400, Atlanta, Georgia, 30305. The results of R2C Online Holdings Limited are consolidated in the financial statements of Corpay, Inc.
10. | Auditors' information
The auditors' report on the financial statements for the year ended 31 December 2025 was unqualified. The audit report was signed on 4 August 2026 by Andrew Irvine (Senior Statutory Auditor) on behalf of Shorts.
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