REGISTERED NUMBER: 07752643 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

RTF Europe Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

W Dandie

L E M Cross

REGISTERED OFFICE:

Leofric House

Binley Road

Coventry

CV3 1JN

REGISTERED NUMBER:

07752643 (England and Wales)

ACCOUNTANTS:

Leigh Christou Ltd

Chartered Certified Accountants

Leofric House

Binley Road

Coventry

CV3 1JN

FIXED ASSETS

Intangible assets

4

49,955

70,199

Tangible assets

5

2,098

2,011

52,053

72,210

CURRENT ASSETS

Stocks

201,628

195,752

Debtors

6

150,011

205,952

Cash at bank

27,629

25,412

379,268

427,116

CREDITORS

Amounts falling due within one year

7

161,284

138,846

NET CURRENT ASSETS

217,984

288,270

TOTAL ASSETS LESS CURRENT LIABILITIES

270,037

360,480

PROVISIONS FOR LIABILITIES

232

146

NET ASSETS

269,805

360,334

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Share premium

146,500

146,500

Retained earnings

122,305

212,834

SHAREHOLDERS' FUNDS

269,805

360,334

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 August 2026 and were signed on its behalf by:

L E M Cross - Director

1.	STATUTORY INFORMATION

RTF Europe Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible fixed assets

Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Patents & Licences - 10 years straight line

Research & Development - 10 years straight line

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Research and development

Research expenditure is written off as incurred. Development expenditure is also written off, except where the directors are satisfied as to the technical, commercial, financial viability of the individual projects. In such cases, the identifiable expenditure is deferred and amortised over the period during which the company is expected to benefit.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

Development

licences

costs

Totals

£

£

£

COST

At 1 January 2025

27,197

159,746

186,943

Disposals

(27,197

)

-

(27,197

)

At 31 December 2025

-

159,746

159,746

AMORTISATION

At 1 January 2025

22,927

93,817

116,744

Amortisation for year

2,166

15,974

18,140

Eliminated on disposal

(25,093

)

-

(25,093

)

At 31 December 2025

-

109,791

109,791

NET BOOK VALUE

At 31 December 2025

-

49,955

49,955

At 31 December 2024

4,270

65,929

70,199

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2025

1,138

17,637

15,172

33,947

Additions

-

93

1,096

1,189

Disposals

-

(4,648

)

(2,500

)

(7,148

)

At 31 December 2025

1,138

13,082

13,768

27,988

DEPRECIATION

At 1 January 2025

1,102

16,865

13,969

31,936

Charge for year

9

212

449

670

Eliminated on disposal

-

(4,444

)

(2,272

)

(6,716

)

At 31 December 2025

1,111

12,633

12,146

25,890

NET BOOK VALUE

At 31 December 2025

27

449

1,622

2,098

At 31 December 2024

36

772

1,203

2,011

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

147,991

133,650

Amounts owed by group undertakings

250

62,340

Other debtors

450

-

Directors' current accounts

-

539

Tax

-

6,078

Prepayments

1,320

3,345

150,011

205,952

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

6,796

5,103

Amounts owed to group undertakings

143,628

117,492

Social security and other taxes

4,167

4,162

VAT

122

2,406

Other creditors

199

1,830

Pension creditor

819

788

Directors' current accounts

-

539

Accrued expenses

5,553

6,526

161,284

138,846

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.25

31.12.24

£

£

Within one year

-

22,833

Between one and five years

-

102,667

In more than five years

-

105,333

-

230,833

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2025 and 31 December 2024:

31.12.25

31.12.24

£

£

L E M Cross

Balance outstanding at start of year

-

539

Amounts repaid

-

(539

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

10.	RELATED PARTY DISCLOSURES

During the year the business, under normal trading and market conditions, completed transactions with other fellow subsidiaries, owned by its parent company Dandex Holdings Inc, registered in Canada.

The balances outstanding at the balance sheet date in relation to the fellow subsidiaries, RTF Global Inc and Sensor Media Inc are £2,810 (Creditor) (2024: £62,340 (Debtor)) and £140,818 (Creditor) (2024: £117,492 (Creditor)) respectively.

The balance outstanding at the balance sheet date in relation to the parent company Dandex Holdings Inc is £250 (Debtor) (2024: £nil).

Dividends of £Nil (2024: £nil) were paid to the parent company.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Dandex Holdings Inc.

The financial statements of the ultimate parent company are available from 4557 The Grange Side Road, Caledon Village, Caledon, Ontario, Canada, L7C 0G3.