REGISTERED NUMBER: SC564244 (Scotland)

La Riposte Limited

Unaudited Financial Statements

for the Year Ended 31 December 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs S P Patrice

REGISTERED OFFICE:

9 Ainslie Place

Edinburgh

Midlothian

EH3 6AT

REGISTERED NUMBER:

SC564244 (Scotland)

ACCOUNTANTS:

Whitelaw Wells

9 Ainslie Place

Edinburgh

Midlothian

EH3 6AT

BANKERS:

Hampden & Co.

20, 21 Charlotte Square

Edinburgh

EH2 4DF

FIXED ASSETS

Investment property

4

6,565,000

6,565,000

CURRENT ASSETS

Debtors

5

349,769

157,385

Cash at bank

57,784

258,621

407,553

416,006

CREDITORS

Amounts falling due within one year

6

587,855

459,031

NET CURRENT LIABILITIES

(180,302

)

(43,025

)

TOTAL ASSETS LESS CURRENT LIABILITIES

6,384,698

6,521,975

CREDITORS

Amounts falling due after more than one year

7

(5,919,149

)

(5,627,058

)

PROVISIONS FOR LIABILITIES

(56,764

)

(160,000

)

NET ASSETS

408,785

734,917

CAPITAL AND RESERVES

Called up share capital

3

3

Fair value reserve

8

(1,185,328

)

(1,185,328

)

Retained earnings

8

1,594,110

1,920,242

SHAREHOLDERS' FUNDS

408,785

734,917

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 director acknowledges her 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 September 2026 and were signed by:

Mrs S P Patrice - Director

1.	STATUTORY INFORMATION

La Riposte Limited is a private company, limited by shares , registered in Scotland. 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 as modified by the revaluation of certain assets.

Turnover and revenue recognition

Turnover represents rental income relating to the period, exclusive of value added tax. Rental income is recognised in accordance with the lease agreement.

Investment property

Investment properties are shown at their fair value. Any surplus or deficit arising from changes in fair value are recognised in the profit and loss account for the year. A reduction in value due to fluctuation in the property market conditions is not considered to be permanent.

Deferred taxation is provided on any fair value surplus at the rate expected to apply when the property is sold and at the year end is included in the fair value reserve with the relevant change in fair value.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

All loans with related parties are all repayable on demand.

Taxation

Taxation for the year comprises current and deferred 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 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.

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.

Going concern

The accounts have been prepared on a going concern basis. This assumes the company will continue trading for at least 12 months from the date of signing of these accounts. In order to do so, the company is reliant on the continuing support of its creditors, lenders and parent company.

Provisions

Provisions are recognised where the company has a present obligation as a result of a past event, it is probable the company will be required to settle the obligation, and a reliable estimate can be made of the obligation. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

and 31 December 2025

6,565,000

NET BOOK VALUE

At 31 December 2025

6,565,000

At 31 December 2024

6,565,000

Fair value at 31 December 2025 is represented by:

£

Valuation in 2020

(550,328

)

Valuation in 2024

(635,000

)

Cost

7,750,328

6,565,000

If the investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

7,750,328

7,750,328

The investment property was valued on an open market basis on 31 December 2024 by Graham and Sibbald LLP .

The directors have estimated that the fair value has not materially changed at 31 December 2025.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

222,343

138,889

Other debtors

127,426

18,496

349,769

157,385

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

174,961

55,590

Taxation and social security

-

121,592

Other creditors

412,894

281,849

587,855

459,031

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

5,919,149

5,627,058

8.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 January 2025

1,920,242

(1,185,328

)

734,914

Deficit for the year

(326,132

)

(326,132

)

At 31 December 2025

1,594,110

(1,185,328

)

408,782

The fair value reserve represents the net revaluation surplus on investment properties that is not readily distributable as realised earnings.

9.	CONTINGENT LIABILITIES

At 31 December 2025 the company had loans to foreign related parties of £4.62m (2024: £4.12m), on which interest is charged at commercial rates.

Should the company fail to make payments sufficient to clear interest charged within 12 months of the charge, that interest would no longer be allowable as a deductible expense against corporation tax.

10.	RELATED PARTY DISCLOSURES

In 2018, the company received loans from its shareholders. The loans are included within other creditors. Additional loans were received from these shareholders in the current year.

Interest has been charged on the loans, at normal commercial rates.