RE Capital Holdings Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

1. General Information

RE Capital Holdings Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12922405 . The registered office is 7th Floor, 105 Strand, London, WC2R 0AA.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of 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.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies.

The following principal accounting policies have been applied.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Significant judgements and estimations

In preparing these financial statements the directors are required to make judgements, estimates and assumptions about the carrying amounts of the assets and liabilities that are not obtainable from other sources. Judgements, estimates and assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates, but are unlikely to be material.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Trademarks are initially recognised at cost. After recognition trademarks are measured at cost less any accumulated amortisation and any accumulated impairment losses.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined, which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

All trademarks are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years. Trademarks are amortised to the profit and loss account over their estimated economic life of 10 years.

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RE Capital Holdings Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.5. Financial Instruments

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment.

Impairment of financial assets

A financial asset is impaired when events, subsequent to its initial recognition, indicate the estimated future cash flows derived from the financial asset in question have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset's original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities and equity instruments

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 the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs.

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

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

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RE Capital Holdings Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.6. Foreign Currencies

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At the balance sheet date foreign currency monetary items are translated using the closing exchange rate.

2.7. Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and 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 balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

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 using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

2.8. Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.9. Exemption from preparing consolidated financial statements

The company, and the group headed by it, qualify as small, as set out in Section 383 of the Companies Act 2006, and the parent and group are therefore considered eligible for the exemption to prepare group accounts.

3. Average Number of Employees

The average number of employees during the year was: NIL (2024: NIL)

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RE Capital Holdings Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

4. Intangible Assets

	Trademarks
	£
Cost
As at 1 January 2025	7,178

As at 31 December 2025	7,178

Amortisation
As at 1 January 2025	2,083
Provided during the period	716

As at 31 December 2025	2,799

Net Book Value
As at 31 December 2025	4,379

As at 1 January 2025	5,095

5. Investments

	Subsidiaries
	£
Cost or Valuation
As at 1 January 2025	8,500,592

As at 31 December 2025	8,500,592

Provision
As at 1 January 2025	7,514,012

As at 31 December 2025	7,514,012

Net Book Value
As at 31 December 2025	986,580

As at 1 January 2025	986,580

6. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	14,859	844,184

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RE Capital Holdings Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	12,047	3,547
Amounts owed to group undertakings	531,536	485,562
Other creditors	9,500	19,000
Taxation and social security	-	6,671

	553,083	514,780

8. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
11,000 Ordinary Shares of £ 1.00 each	11,000	11,000

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		4,379		5,095
Investments	5		986,580		986,580

			990,959		991,675
CURRENT ASSETS
Debtors	6	14,859		844,184
Cash at Bank and in Hand		2,794		1,813

		17,653		845,997
Creditors: Amounts Falling Due Within One Year	7	(553,083 )		(514,780 )

NET CURRENT ASSETS (LIABILITIES)			(535,430 )		331,217

TOTAL ASSETS LESS CURRENT LIABILITIES			455,529		1,322,892

NET ASSETS			455,529		1,322,892

CAPITAL AND RESERVES
Called Up Share Capital	8		11,000		11,000
Share Premium Account			5,170,229		5,170,229
Merger Reserve			3,703,766		3,703,766
Profit and Loss Account			(8,429,466 )		(7,562,103 )

SHAREHOLDERS' FUNDS			455,529		1,322,892