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                                 UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C. 20549

                                   FORM 8-K

                                CURRENT REPORT

    PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934




Date of Report (Date of Earliest Event Reported):                        March 15, 2006
                                                                     
   ARRAN FUNDING LIMITED          SOUTH GYLE RECEIVABLES TRUSTEE            RBS CARDS SECURITISATION
                                              LIMITED                           FUNDING LIMITED
                                   (Exact name of registrant as
                                     specified in its charter)

  JERSEY, CHANNEL ISLANDS             JERSEY, CHANNEL ISLANDS               JERSEY, CHANNEL ISLANDS
                                   (State or other jurisdiction
                                         of incorporation)

        333-128502                         333-128502-02                         333-128502-01

                                     (Commission File Number)

           NONE                                NONE                                   NONE
                                 (IRS Employer Identification No.)

    22 Grenville Street                 22 Grenville Street             Royal Bank House, 71 Bath Street
St. Helier, Jersey, JE4 8PX         St. Helier, Jersey, JE4 8PX           St. Helier, Jersey, JE4 8PJ
      CHANNEL ISLANDS                     CHANNEL ISLANDS                       CHANNEL ISLANDS
                             (Address of principal executive offices)
                                            (Zip Code)

     (44) 1534-609000                    (44) 1534-609000                       (44) 1534-285279
                                  (Registrant's telephone number,
                                       including area code)

            N/A                                 N/A                                   N/A
                                  (Former name or former address,
                                   if changed since last report)


Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

[ ] Written communications pursuant to Rule 425 under the Securities Act (17
    CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
    240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
    Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
    Exchange Act (17 CFR 240.13e-4(c))

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ITEM 8.01 OTHER EVENTS.

On March 15, 2006, The Royal Bank of Scotland plc, as Servicer, distributed
monthly payments to the holders of the Series 2005-A and Series 2005-B notes
issued by Arran Funding Limited. The Monthly Servicer's Reports and the
Performance Summary in respect of the March 15, 2006 Distribution Date are being
filed as exhibits to this current report on form 8-K.


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ITEM 9.01 EXHIBITS.

(a)  Not applicable

(b)  Not applicable

(c)  Exhibits

Exhibit 20.1   Monthly Servicer's report in respect ofSeries  2005-A
               for the March 15, 2006 Distribution Date.

Exhibit 20.2   Monthly Servicer's report in respect ofSeries  2005-B
               for the March 15, 2006 Distribution Date.

Exhibit 20.3   Performance Summary


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                                   SIGNATURES

Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.


                                      The Royal Bank of Scotland plc as Servicer


March 15, 2006                    By: /s/ Colin A Baillie
                                      ------------------------------------------
                                      Name:  Colin A Baillie
                                      Title: Director, Finance, Cards Business


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