REGISTERED NUMBER: 05051188 (England and Wales)

Audited Financial Statements for the Year Ended 31 December 2025

for

RC Sloane Street Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr Dipankar Bhupendrakumar Dutta

REGISTERED OFFICE:

149 New Bond Street

London

United Kingdom

W1S 2TT

REGISTERED NUMBER:

05051188 (England and Wales)

SENIOR STATUTORY AUDITOR:

Mr Simon Edrich

INDEPENDENT AUDITORS:

PG & E Professional Services Ltd

Chartered Accountants & Statutory Auditor

47 Islington Park Street

London

N1 1QB

FIXED ASSETS

Tangible assets

4

513,360

1,916,891

CURRENT ASSETS

Stocks

1,734,289

1,445,871

Debtors

5

5,693,722

6,753,972

Prepayments and accrued income

456,126

436,513

Cash at bank

77,241

54,868

7,961,378

8,691,224

CREDITORS

Amounts falling due within one year

6

3,555,167

5,293,075

NET CURRENT ASSETS

4,406,211

3,398,149

TOTAL ASSETS LESS CURRENT LIABILITIES

4,919,571

5,315,040

ACCRUALS AND DEFERRED INCOME

65,597

69,769

NET ASSETS

4,853,974

5,245,271

CAPITAL AND RESERVES

Called up share capital

1,622,189

1,622,189

Share premium

3,627,811

3,627,811

Other reserves

6,500,000

6,500,000

Retained earnings

(6,896,026

)

(6,504,729

)

4,853,974

5,245,271

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 June 2026 and were signed by:

Mr Dipankar Bhupendrakumar Dutta - Director

1.	STATUTORY INFORMATION

RC Sloane Street 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.

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 the exemption in FRS 102 paragraph 33.1A from disclosing transactions entered into with other members of the group, where any subsidiary which is a party to the transaction is wholly owned by such a member.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

Other operating income

Other operating income comprises marketing contributions and reimbursements for impaired inventory charged to other group companies.

Tangible fixed assets

Depreciation is provided in order to write off each asset over its estimated useful life.

Long leasehold - over the length of the lease - 5 years

Fixtures and fittings - 12-25% at cost

Computer equipment - 20-25% at cost

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 tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. 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

The director believes that it is not prudent to account for deferred tax assets nor necessary to account for deferred tax liabilities within these financial statements, as a result of the losses made in previous and current year, and in light of the material uncertainty related to going concern as described in the Director's Report.

Foreign currencies

Assets and liabilities denominated in foreign currencies are translated into sterling at the exchange rates prevailing at the balance sheet date. Transactions in foreign currencies are translated into sterling at the exchange rates prevailing on the date of the transaction. Exchange differences arising on translation and settlement are recognised within interest payable / receivable and similar expenses / income within the income statement before arriving at the profit / (loss) before taxation.

Going concern

Roberto Cavalli SPA, the company's immediate parent undertaking, together with the ultimate parent undertaking, Damac Global Premium Ltd, are considering closing a number of retail stores globally and their related subsidiaries. However, no decision has been made in respect of the company and discussions regarding the future of the company remain ongoing as at the date of approval of these financial statements.

The company's ability to meet its liabilities as they fall due is dependent upon the continued financial support of its immediate and ultimate parent undertakings. Both parent undertakings have confirmed that such support will be made available for a period of at least 12 months from the date of approval of these financial statements. Accordingly, the director has adopted the going concern basis in the preparation of the financial statements.

Notwithstanding this support, the uncertainty surrounding the future of the company constitutes a material uncertainty which may cast significant doubt on the company's ability to continue as a going concern. In light of this uncertainty, the director has adopted a prudent approach by reassessing the useful economic lives of the company's fixed assets.

Having considered all relevant information available at the date of approval of these financial statements, and in the absence of any decision regarding the company's future, the director believes that it remains appropriate to prepare the financial statements on a going concern basis.

Marketing contribution

The marketing contribution is considered to be the value of marketing that the company provides to the Roberto Cavalli group by being based in London. It is calculated as operating costs after deducting a benchmarked percentage of revenue. The marketing contribution recognised in Other operating income within the income statement is £3,194,712 (2024: £2,108,194).

Stock provision and valuation

Stocks are valued at the lower of cost and net realisable value, after making appropriate allowances for obsolete and slow-moving items. A provision for obsolete and slow-moving stock has been recognised, and stock and cost of sales have been stated after applying a provision of £1,251,079 (2024: £903,238).

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Long

and

Computer

leasehold

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2025

2,421,096

176,486

31,927

2,629,509

Additions

3,991

-

4,054

8,045

At 31 December 2025

2,425,087

176,486

35,981

2,637,554

DEPRECIATION

At 1 January 2025

633,685

69,859

9,074

712,618

Charge for year

487,453

18,330

8,870

514,653

Impairments

817,713

70,031

9,179

896,923

At 31 December 2025

1,938,851

158,220

27,123

2,124,194

NET BOOK VALUE

At 31 December 2025

486,236

18,266

8,858

513,360

At 31 December 2024

1,787,411

106,627

22,853

1,916,891

In light of the ongoing discussions regarding the future of the company and the wider restructuring activities being undertaken by the Roberto Cavalli Group, the director has performed a review of the carrying value and useful economic lives of the Company's fixed assets. Although no decision has been made regarding the future of the company as at the date of approval of these financial statements, the director has adopted a prudent approach by reassessing the useful economic lives of the Company's fixed assets to reflect the possibility that a decision may be taken to cease the company's trading activities. The resulting impairment charge of £896,923 (2024: Nil) has been recognised in the financial statements for the year.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

28,176

12,365

Amounts owed by group undertakings

2,387,500

2,807,737

Other debtors

3,278,046

3,933,870

5,693,722

6,753,972

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

193,366

125,238

Amounts owed to group undertakings

3,348,216

5,155,907

Social security and other taxes

8,827

8,775

Other creditors

4,758

3,155

3,555,167

5,293,075

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr Simon Edrich (Senior Statutory Auditor)

for and on behalf of PG & E Professional Services Ltd

8.	GUARENTEES AND OTHER FINANCIAL COMMITMENTS

The total financial commitments related to the lease agreement is £3,966,667 (2024: £5,266,667).

The company has arranged a bank guarantee in favour of its landlord in the amount of £780,000 (2024: Nil) as security for certain obligations under its lease of retail premises. The guarantee remains in force until 30 November 2028 unless discharged earlier in accordance with its terms. No liability has been recognised in respect of this arrangement at the balance sheet date.

9.	AUDITOR LIABILITY LIMITATION

The company has limited the maximum aggregate amount of the Auditor's Liability to the company to not more than (1) the sum of 5 times the fees payable (excluding expenses and Value Added Tax) under the Engagement Letter referable to the financial year in question, or (2) £30,000 whichever is the lesser amount.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Damac Global Premium Ltd.

The immediate parent company and smallest group for which consolidated financial statements are drawn up is Roberto Cavalli SPA, whose registered office is at Via Giuseppe Mengoni 4, Milano, 20122, Italy. The consolidated financial statements are available from its registered office at Via Giuseppe Mengoni 4, Milano, 20122, Italy.