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REGISTERED NUMBER: 10406869 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

RIZE GROUP HOLDINGS LIMITED

RIZE GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 10406869)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RIZE GROUP HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr S H Cheek
Mr A R Hillery





SECRETARY: Mrs L A Cheek





REGISTERED OFFICE: 55 Loudoun Road
London
NW8 0DL





REGISTERED NUMBER: 10406869 (England and Wales)





ACCOUNTANTS: MGR SD Limited
55 Loudoun Road
London
NW8 0DL

RIZE GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 10406869)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Investments 4 68,937 58,181

CURRENT ASSETS
Cash at bank 4,379 14,338

CREDITORS
Amounts falling due within one year 5 (58,556 ) (58,070 )
NET CURRENT LIABILITIES (54,177 ) (43,732 )
TOTAL ASSETS LESS CURRENT LIABILITIES 14,760 14,449

CAPITAL AND RESERVES
Called up share capital 6 120 120
Retained earnings 14,640 14,329
SHAREHOLDERS' FUNDS 14,760 14,449

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

RIZE GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 10406869)

BALANCE SHEET - continued
31 DECEMBER 2023


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 Board of Directors and authorised for issue on 12 September 2024 and were signed on its behalf by:




Mr S H Cheek - Director



Mr A R Hillery - Director


RIZE GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 10406869)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Rize Group Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. 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 directors report net current liabilities of £54,177 (2022: £43,732) due to amounts owed to subsidiary undertakings so therefore the directors consider the going concern concept to be applicable to the preparation of the accounts.

Preparation of consolidated financial statements
The financial statements contain information about Rize Group Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

RIZE GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 10406869)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023 58,181
Additions 10,756
At 31 December 2023 68,937
NET BOOK VALUE
At 31 December 2023 68,937
At 31 December 2022 58,181

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Rize Worldwide Limited
Registered office: United Kingdom
Nature of business: IT and communications consultancy
%
Class of shares: holding
Ordinary 100.00
31.12.23 31.12.22
£    £   
Aggregate capital and reserves 29,732 54,238
Profit for the year 21,994 34,998

Rize Europe Limited
Registered office: United Kingdom
Nature of business: IT and communications consultancy
%
Class of shares: holding
Ordinary 100.00
31.12.23 31.12.22
£    £   
Aggregate capital and reserves 25,869 32,754
Profit for the year 8,365 15,094

RIZE GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 10406869)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. FIXED ASSET INVESTMENTS - continued

Rize Recruitment (Pty) Limited
Registered office: South Africa
Nature of business: IT and communications consultancy
%
Class of shares: holding
Ordinary 34.00
31.12.23 31.12.22
£    £   
Aggregate capital and reserves (35,327 ) (48,456 )
Profit for the year 13,129 30,712

The above figures for Rize Recruitment (Pty) Limited are based on the draft accounts for the year ended 31 December 2023.

3S Africa Ltd
Registered office: Mauritius
Nature of business: IT and communications consultancy
%
Class of shares: holding
Ordinary 70.00
31.12.23 31.12.22
£    £   
Aggregate capital and reserves 62,466 32,808
Profit for the year 29,658 2,535

Rize Deutschland GmbH
Registered office: Germany
Nature of business: IT and communications consultancy
%
Class of shares: holding
Ordinary 100.00
31.12.23 31.12.22
£    £   
Aggregate capital and reserves 128,870 92,751
Profit for the year 36,119 29,389

The above figures for Rize Deutschland GmbH Limited are based on the draft accounts for the year ended 31 December 2023.

RIZE GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 10406869)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. FIXED ASSET INVESTMENTS - continued

Rize Personalberatung GmbH
Registered office: Germany
Nature of business: IT and communications consultancy
%
Class of shares: holding
Ordinary 100.00
31.12.23 31.12.22
£    £   
Aggregate capital and reserves 89,460 65,607
Profit for the year 23,852 9,135

The above figures for Rize Personalberatung GmbH Limited are based on the draft accounts for the year ended 31 December 2023.

Rize Recruitment GmbH
Registered office: Switzerland
Nature of business: IT and communications consultancy
%
Class of shares: holding
Ordinary 100.00
31.12.23 31.12.22
£    £   
Aggregate capital and reserves 104,345 110,288
(Loss)/profit for the year (5,943 ) 15,518

The above figures for Rize Recruitment GmbH are based on the accounts for the year ended 31 December 2023.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Amounts owed to subsidiaries 55,556 56,270
Other creditors 3,000 1,800
58,556 58,070

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
12,000 Ordinary £0.01 120 120

RIZE GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 10406869)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


7. RELATED PARTY DISCLOSURES

Rize Worldwide Limited

A wholly owned subsidiary.


During the year, dividends were received from Rize Worldwide Limited totalling £46,500 (2022: £28,500).

31.12.23 31.12.22
£    £   
Amount due to related party at the balance sheet date 20,384 20,383

Rize Europe Limited

A wholly owned subsidiary.


During the year, dividends were received from Rize Europe Limited totalling £15,250 (2022: £26,500)

31.12.23 31.12.22
£    £   
Amount due to related party at the balance sheet date 35,172 22,672

Rize Deutschland GmbH

A wholly owned subsidiary.


During the year, dividends were received from Rize Deutschland totalling £25,229 (2022: £Nil).

Rize Recruitment GmbH

A wholly owned subsidiary.


During the year, dividends were received from Rize Recruitment GmbH totalling £44,585 (2022: £24,183)

31.12.23 31.12.22
£    £   
Amount due to related party at the balance sheet date - 13,215