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REGISTERED NUMBER: 09547979 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

THE GOOD PR AGENCY LTD

THE GOOD PR AGENCY LTD (REGISTERED NUMBER: 09547979)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THE GOOD PR AGENCY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Ms A J Lorenzani





REGISTERED OFFICE: The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ





REGISTERED NUMBER: 09547979 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ

THE GOOD PR AGENCY LTD (REGISTERED NUMBER: 09547979)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 8,975 3,663
Tangible assets 4 - -
8,975 3,663

CURRENT ASSETS
Debtors 5 21,391 14,828
Cash at bank 5,892 -
27,283 14,828
CREDITORS
Amounts falling due within one year 6 7,441 8,171
NET CURRENT ASSETS 19,842 6,657
TOTAL ASSETS LESS CURRENT
LIABILITIES

28,817

10,320

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 28,807 10,310
SHAREHOLDERS' FUNDS 28,817 10,320

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 17 September 2024 and were signed by:





Ms A J Lorenzani - Director


THE GOOD PR AGENCY LTD (REGISTERED NUMBER: 09547979)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents sales of services net of VAT. Turnover is recognised at the point the customer is entitled to consideration.

Intangible investment assets
Intangible investment assets are initially measured at cost. After initial recognition, the intangible investment assets are held at their revalued amount, being the fair value at the date of revaluation less any subsequent accumulated amortisation and impairment losses.

As the intangible investment asset has an indefinite useful life, no amortisation is provided.

The revaluation is carried out at the balance sheet date and is based on the public traded closing price.

If the asset’s carrying amount is increased as a result of a revaluation, the increase is recognised in other comprehensive income and accumulated in equity. However, the increase shall be recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss.

The decrease of an asset’s carrying amount as a result of a revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity, in respect of that asset. If a revaluation decrease exceeds the accumulated revaluation gains recognised in equity in respect of the asset, the excess is recognised in profit or loss.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

THE GOOD PR AGENCY LTD (REGISTERED NUMBER: 09547979)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

3. INTANGIBLE FIXED ASSETS
Intangible
Investment
Assets
£   
COST OR VALUATION
At 1 April 2023 3,663
Revaluations 5,312
At 31 March 2024 8,975
NET BOOK VALUE
At 31 March 2024 8,975
At 31 March 2023 3,663

Cost or valuation at 31 March 2024 is represented by:

Intangible
Investment
Assets
£   
Valuation in 2022 (1,131 )
Valuation in 2023 (1,847 )
Valuation in 2024 5,312
Cost 6,641
8,975

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2023
and 31 March 2024 5,412
DEPRECIATION
At 1 April 2023
and 31 March 2024 5,412
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,563 -
Amounts owed by group undertakings 16,828 14,828
21,391 14,828

THE GOOD PR AGENCY LTD (REGISTERED NUMBER: 09547979)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 969
Trade creditors - 240
Tax 3,104 -
Social security and other taxes 455 152
Directors' loan accounts 1,782 5,011
Accrued expenses 2,100 1,799
7,441 8,171

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Ms A J Lorenzani
Balance outstanding at start of year (5,010 ) 4,433
Amounts advanced 5,246 11,806
Amounts repaid (2,018 ) (21,249 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,782 ) (5,010 )

This balance represented the maximum amount outstanding during the period and the loan is interest free and repayable on demand.

8. RELATED PARTY DISCLOSURES

During the year, there is no movement to Illumination Ventures Limited, a company owned and controlled by the parent company Rize Corp Ltd. As at the balance sheet date the company was owed £14,828 (2023: £14,828) by Illumination Ventures Limited.

During the year, a loan was made to The Tech Alchemist Limited, a company owned and controlled by the parent company Rize Corp Ltd. As at the balance sheet date the company was owed £2,000 (2023: £Nil).

All transactions were undertaken on a commercial arm's length basis and any outstanding amounts are interest free and repayable on demand.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Rize Corp Ltd, the parent company.

The company is controlled by A Lorenzani and M Montemago by virtue of their 100% controlling interest in the Parent company.