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REGISTERED NUMBER: 07933736 (England and Wales)















RISE INVESTMENTS LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021






RISE INVESTMENTS LTD (REGISTERED NUMBER: 07933736)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


RISE INVESTMENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2021







DIRECTORS: Mr G R Stapleton
Mr J B Harkins





REGISTERED OFFICE: 80 Middlesex Street
London
E1 7EZ





REGISTERED NUMBER: 07933736 (England and Wales)





ACCOUNTANTS: Rothmans LLP
1 Cornhill
London
EC3V 3ND

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
RISE INVESTMENTS LTD


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Rise Investments Ltd for the year ended 30 September 2021 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Rise Investments Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Rise Investments Ltd and state those matters that we have agreed to state to the Board of Directors of Rise Investments Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rise Investments Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Rise Investments Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Rise Investments Ltd. You consider that Rise Investments Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Rise Investments Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Rothmans LLP
1 Cornhill
London
EC3V 3ND


14 September 2022

RISE INVESTMENTS LTD (REGISTERED NUMBER: 07933736)

BALANCE SHEET
30 SEPTEMBER 2021

2021 2020
Notes £ £ £ £
FIXED ASSETS
Investments 3 10,876 17,624

CURRENT ASSETS
Debtors 4 1,915,176 1,877,783
Cash at bank 1,095 1,173
1,916,271 1,878,956
CREDITORS
Amounts falling due within one year 5 2,307,559 1,854,040
NET CURRENT (LIABILITIES)/ASSETS (391,288 ) 24,916
TOTAL ASSETS LESS CURRENT
LIABILITIES

(380,412

)

42,540

CAPITAL AND RESERVES
Called up share capital 11,772 11,772
Retained earnings (392,184 ) 30,768
SHAREHOLDERS' FUNDS (380,412 ) 42,540

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 September 2022 and were signed on its behalf by:





Mr J B Harkins - Director


RISE INVESTMENTS LTD (REGISTERED NUMBER: 07933736)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021


1. 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.

The presentation currency is £ sterling.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date, and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates.

The directors do not consider there to be any significant judgements or estimates.

Turnover
Turnover represents net sales during the year (excluding value added tax) adjusted for accrued and deferred income where applicable.

Investments in subsidiaries
Investment in subsidiary undertakings are recognised at cost less impairment.

Taxation
Taxation for the year comprises of current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 is recognised in respect of all timing differences that have originated but not reversed by 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 the 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the Statement of Income and Retained Earnings in the period to which they relate.

Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Financial instruments
The company only has financial assets and liabilities of the kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and debt instruments are subsequently measured at amortised cost.

Finance costs
Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest rate method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

RISE INVESTMENTS LTD (REGISTERED NUMBER: 07933736)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2021


1. ACCOUNTING POLICIES - continued

Going concern
The company is reliant on the continued support of its shareholder. The directors have therefore prepared the accounts on a going concern basis.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 2 ) .

3. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
At 1 October 2020 17,624
Additions 111,377
Disposals (6,748 )
Impairments (111,377 )
At 30 September 2021 10,876
NET BOOK VALUE
At 30 September 2021 10,876
At 30 September 2020 17,624

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£ £
Amounts owed by group undertakings 1,915,176 1,806,931
Amounts owed by associates - 10,819
Directors' current accounts - 60,033
1,915,176 1,877,783

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£ £
Other loans - 998,234
Amounts owed to group undertakings 2,307,479 513,733
Directors' current accounts 80 357
Accruals and deferred income - 341,716
2,307,559 1,854,040

6. TRANSACTIONS WITH DIRECTORS

During the previous year, the company made a loan to a director of the company. The amount outstanding at the year end was £60,033 and is included within 'Debtors: Amounts falling due within one year'.