RA Capital Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 15451341

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Investment Properties	5		-		1,932,048

			-		1,932,048
CURRENT ASSETS
Debtors	6	588,847		-
Cash at bank and in hand		5,000		91,152

		593,847		91,152
Creditors: Amounts Falling Due Within One Year	7	(953,605 )		(2,129,816 )

NET CURRENT ASSETS (LIABILITIES)			(359,758 )		(2,038,664 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(359,758 )		(106,616 )

NET LIABILITIES			(359,758 )		(106,616 )

CAPITAL AND RESERVES
Called up share capital	8		1		1
Profit and Loss Account			(359,759 )		(106,617 )

SHAREHOLDERS' FUNDS			(359,758)		(106,616)

Page 1

Page 2

RA Capital Limited

Balance Sheet (continued)

As At 31 January 2026

For the year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr David Djaba

Director

31/10/2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

RA Capital Limited is a private company, limited by shares, incorporated in England & Wales, registered number 15451341 . The registered office is 4th Floor, 18 St. Cross Street, London, EC1N 8UN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Going Concern Disclosure

The company has net liabilities of £359,758 at the balance sheet date and is dependent on the continued financial support of its director, Mr David Djaba, to whom it owed £953,605 at that date. Mr Djaba has confirmed that he will not seek repayment of his loan until the company is in a position to repay it and will continue to provide such financial support as the company requires. On that basis the director considers it appropriate to prepare the financial statements on the going concern basis.

2.3. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2025: 1)

4. Prior Period Adjustment

The comparative figures have been restated. The bridging loan from Grosvenor Funding Ltd drawn in July 2024 was previously recorded at the net amount advanced of £943,383. The arrangement fee, rolled up interest and other fees of £106,617 deducted from the advance at drawdown were costs of the period ended 31 January 2025 and have been charged to that period. The effect is to increase bank loans at 31 January 2025 by £106,617 to £422,000, to increase the loss for the period ended 31 January 2025 by £106,617 and to reduce shareholder's funds at that date by the same amount.

5. Investment Property

	2026
	£
Fair Value
As at 1 February 2025	1,932,048
Additions	31,475
Disposals	(1,963,523 )

As at 31 January 2026	-

The investment property, 10 Pelling Hill, Old Windsor, was transferred to the director, Mr David Djaba, with the transfer registered at HM Land Registry on 7 October 2025. The transfer was recorded at the value stated on the register of £1,750,000, which was settled against the amount owed to the director. The property was carried at cost, no fair value adjustment having been recognised, and the resulting loss on disposal of £213,523 is shown separately in the profit and loss account. Costs of £31,475 incurred on the property before the transfer were capitalised.

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RA Capital Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

6. Debtors

	2026	2025
	£	£
Due within one year
Other debtors	588,847	-

Other debtors comprise an interest free loan to GH Consultancy of £143,138, repayable on demand, and payments on account of £445,709 made towards the purchase of land which had not completed at the balance sheet date.

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Bank loans and overdrafts	-	422,000
Other creditors	953,605	1,707,816

	953,605	2,129,816

8. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	1	1

9. Related Party Transactions

Mr David Djaba, the director and controlling shareholder, has lent money to the company to fund the purchase and development of its property. At 31 January 2026 the company owed him £953,605 (2025: £1,707,816). The loan is interest free and repayable on demand. During the year the company transferred its investment property, 10 Pelling Hill, Old Windsor, to Mr Djaba at the value stated on the Land Registry entry of £1,750,000, which was set against the amount owed to him, and paid £66,760 of costs on the property on his behalf after the transfer, which were charged to his loan account. Amounts he introduced during the year, including £368,841 applied in repaying the company's bank loan, were credited to his loan account.