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| REGISTRAR OF COMPANIES

Registration number: SC261738

RGKMS Limited
Unaudited Financial Statements
31 December 2025

RGKMS Limited

Contents

Accountants' Report | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 4

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
RGKMS Limited
for the Year Ended 31 December 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of RGKMS Limited for the year ended 31 December 2025 as set out on pages 2 to 12 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of RGKMS Limited, as a body, in accordance with the terms of our engagement letter dated 8 May 2024. Our work has been undertaken solely to prepare for your approval the accounts of RGKMS Limited and state those matters that we have agreed to state to the Board of Directors of RGKMS Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than RGKMS Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that RGKMS Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of RGKMS Limited. You consider that RGKMS Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of RGKMS Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

Dodd & Co Limited
Chartered Accountants
FIFTEEN Rosehill
Montgomery Way
Rosehill Estate
CARLISLE
CA1 2RW

10 August 2026

RGKMS Limited

(Registration number: SC261738)
Balance Sheet as at 31 December 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 5 | 107,187 | 117,729
Other financial assets | 6 | 459,524 | 438,515
|  | 566,711 | 556,244
Current assets |  |  |
Stocks |  | 10,350 | 10,350
Debtors | 7 | 25,963 | 33,557
Cash at bank and in hand |  | 774,049 | 846,527
|  | 810,362 | 890,434
Creditors: Amounts falling due within one year | 8 | (381,871) | (512,818)
Net current assets |  | 428,491 | 377,616
Total assets less current liabilities |  | 995,202 | 933,860
Provisions for liabilities |  | (10,823) | (11,023)
Net assets |  | 984,379 | 922,837
Capital and reserves |  |  |
Allotted, called up and fully paid share capital |  | 101 | 101
Profit and loss account |  | 984,278 | 922,736
Total equity |  | 984,379 | 922,837

RGKMS Limited

(Registration number: SC261738)
Balance Sheet as at 31 December 2025 (continued)

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

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 10 August 2026 and signed on its behalf by:

.........................................

R G Smith

Director

RGKMS Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1 | General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
The Mill
Grahamshill
Kirkpatrick Fleming
LOCKERBIE
DG11 3BQ

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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.

RGKMS Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Long leasehold land and buildings | 50 years straight line and 20 years straight line
Motor vehicles | 20% reducing balance
Fixtures, fittings and office equipment | 3 years straight line and 10% reducing balance

Long leasehold land and buildings relate to tenants improvements on land leased by the company from the shareholders. As the long term intention is for the trade to continue, it is deemed a true and fair view to depreciate the assets at 50 years straight line and 20 years straight line over their useful economic life, and not the duration of the lease.

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

RGKMS Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Goodwill | 20 years straight line

The directors reviewed the valuation of goodwill on 1 January 2015, the date on which Financial Reporting Standard 102 was implemented. At that date the directors were of the opinion that the goodwill had a remaining useful economic life to the company of at least the nine years and one month it had remaining under its estimated useful life of twenty years. Goodwill has now been fully amortised.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for the sale of goods or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

RGKMS Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method where due after more than one year.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
Equity shares and debt securities
Recognition and measurement
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Impairment
For instruments measured at cost less impairment the impairment is the difference between the assets' carrying amount and the best estimate the entity would receive for the asset if it were sold at the reporting date.

RGKMS Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 35 (2024 - 42).

RGKMS Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

4 | Intangible assets

| Goodwill £ | Total £
Cost or valuation
At 1 January 2025 | 350,000 | 350,000
At 31 December 2025 | 350,000 | 350,000
Amortisation
At 1 January 2025 | 350,000 | 350,000
At 31 December 2025 | 350,000 | 350,000
Carrying amount
At 31 December 2025 | - | -

5 | Tangible assets

| Land and buildings £ | Motor vehicles £ | Fixtures, fittings and office equipment £ | Total £
Cost or valuation
At 1 January 2025 | 127,763 | 63,968 | 218,308 | 410,039
At 31 December 2025 | 127,763 | 63,968 | 218,308 | 410,039
Depreciation
At 1 January 2025 | 67,659 | 39,793 | 184,858 | 292,310
Charge for the year | 2,255 | 4,835 | 3,452 | 10,542
At 31 December 2025 | 69,914 | 44,628 | 188,310 | 302,852
Carrying amount
At 31 December 2025 | 57,849 | 19,340 | 29,998 | 107,187
At 31 December 2024 | 60,104 | 24,175 | 33,450 | 117,729

RGKMS Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

6 | Other financial assets (current and non-current)

| 2025 £ | 2024 £
Non-current financial assets
Financial assets at fair value through profit and loss | 459,524 | 438,515

| Financial assets at fair value through profit and loss £ | Total £
Non-current financial assets
Cost or valuation
At 1 January 2025 | 438,515 | 438,515
Revaluations | 21,009 | 21,009
At 31 December 2025 | 459,524 | 459,524
Carrying amount
At 31 December 2025 | 459,524 | 459,524

7 | Debtors

| 2025 £ | 2024 £
Other debtors | 25,963 | 33,557
| 25,963 | 33,557

8 | Creditors

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 9 | 136,326 | 225,074
Trade creditors |  | 29,694 | 28,760
Taxation and social security |  | 29,717 | 36,193
Corporation tax liability |  | 21,296 | 5,003
Other creditors |  | 164,838 | 217,788
|  | 381,871 | 512,818

RGKMS Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

9 | Loans and borrowings

| 2025 £ | 2024 £
Current loans and borrowings
Other borrowings | 136,326 | 225,074

RGKMS Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

10 | Financial instruments

Financial assets measured at fair value

Prudential bond
Observable prices of UK and international equities, property, fixed interest securities, index-linked securities, cash and other specialist investments.
The fair value is £459,524 (2024 - £438,515) and the change in value included in profit or loss is £21,009 (2024 - £27,748).