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Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Rhetorik Global Limited

Rhetorik Global Limited (Registered number: 10718935)

Contents of the Financial Statements
for the Year Ended 30 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Rhetorik Global Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mrs M Amdur
T D Baskerville
D Poulin
F Walwyn





REGISTERED OFFICE: Indigo House
Fishponds Road
Wokingham
Berkshire
RG41 2GY





REGISTERED NUMBER: 10718935 (England and Wales)





ACCOUNTANTS: Williams & Co Epsom LLP
Chartered Accountants
8-10 South Street
Epsom
Surrey
KT18 7PF

Rhetorik Global Limited (Registered number: 10718935)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1,530,398 710,051

CURRENT ASSETS
Debtors 5 8,423,211 7,367,357
Cash at bank 34,919 173,403
8,458,130 7,540,760
CREDITORS
Amounts falling due within one year 6 475,902 79,912
NET CURRENT ASSETS 7,982,228 7,460,848
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,512,626

8,170,899

CREDITORS
Amounts falling due after more than one
year

7

3,919,465

2,245,502
NET ASSETS 5,593,161 5,925,397

CAPITAL AND RESERVES
Called up share capital 8 899,998 881,998
Share premium 7,163,351 6,921,359
Retained earnings (2,470,188 ) (1,877,960 )
SHAREHOLDERS' FUNDS 5,593,161 5,925,397

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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 10 June 2025 and were signed on its behalf by:





Mrs M Amdur - Director


Rhetorik Global Limited (Registered number: 10718935)

Notes to the Financial Statements
for the Year Ended 30 June 2024


1. STATUTORY INFORMATION

Rhetorik Global 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.

Preparation of consolidated financial statements
The financial statements contain information about Rhetorik Global 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Taxation
Taxation for the year comprises 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 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.

Rhetorik Global Limited (Registered number: 10718935)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provision of Section 11 'Basic Financial Instruments' and Section 12
'Other Financial Instruments Issue' of FRS 102 to all of its financial instruments. Financial instruments are
recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial
statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year not amortised.

Clarification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual
arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference
shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at an amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Going concern
The financial statements have been prepared on the going concern basis and the directors confirm their belief in the company's ability to continue as a going concern for a period of at least twelve months from the date of approval of these financial statements.

The Company and Group are heavily reliant on the support of its shareholders and other parties to provide funding to continue given the cumulative loss position reported and the directors confirm this support will their belief that this will continue going forward

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

Rhetorik Global Limited (Registered number: 10718935)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 July 2023 710,051
Additions 820,347
At 30 June 2024 1,530,398
NET BOOK VALUE
At 30 June 2024 1,530,398
At 30 June 2023 710,051

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 8,395,099 7,339,677
Other debtors 28,112 27,680
8,423,211 7,367,357

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 123,641 77,912
Other creditors 352,261 2,000
475,902 79,912

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 3,919,465 2,245,502

In 2022, the Company signed a Convertible Loan Note to provide up to £1,500,000. The loan note carried interest at 15% per annum and had a maturity date of 4 December 2025.

In 2023, the Company signed a Convertible Loan Note to provide up to CAD $2,000,000. The loan
note carried interest at 15% per annum and had a maturity date of 25 July 2028.

Further Convertible loans notes were issued the the financial year 2024 which also carry an interest rate of 15% and have maturity dates between 1 and 2 years and over 5 years.

The company acquired the entire share capital of One Stop Data Limited in the year and there is a loan note in place with the former shareholder of this company for £450,000. The loan is interest free and repayable in 14 quarterly instalments after the year end.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
881,998 Ordinary £1 899,998 881,998

Rhetorik Global Limited (Registered number: 10718935)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


8. CALLED UP SHARE CAPITAL - continued

Each Ordinary share has full rights in the company with respect to voting.

During the year, the company issued:

18,000 bonus shares at a premium of £14.44 each for total cash consideration of £260,000

9. ULTIMATE CONTROLLING PARTY

The controlling party and the ultimate controlling party are not known.