- ------------------------------------------------------------------------------- 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): December 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)) - -------------------------------------------------------------------------------- ITEM 8.01 OTHER EVENTS. On December 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 December 15, 2006 Distribution Date are being filed as exhibits to this current report on form 8-K. 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 December 15, 2006 Distribution Date. Exhibit 20.2 Monthly Servicer's report in respect ofSeries 2005-B for the December 15, 2006 Distribution Date. Exhibit 20.3 Performance Summary 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 December 15, 2006 By: /s/ Patrick Neville ----------------------- Name: Patrick Neville Title: Director, Finance, Cards Business