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REGISTERED NUMBER: 11180213 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Governance Strategies Limited

Governance Strategies Limited (Registered number: 11180213)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Governance Strategies Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mr M E Hatchard
Mrs A N Hatchard





SECRETARY: Mrs A N Hatchard





REGISTERED OFFICE: 66 Henshaw Street
London
SE17 1PD





REGISTERED NUMBER: 11180213 (England and Wales)





ACCOUNTANTS: Butler & Co Alresford Limited
Chartered Accountants
The Old Stables
Sutton Manor Farm
Bishops Sutton
Alresford
Hampshire
SO24 0AA

Governance Strategies Limited (Registered number: 11180213)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,972 20,524
Investments 5 688,678 618,895
705,650 639,419

CURRENT ASSETS
Debtors 6 212,025 181,077
Cash at bank 36,667 51,431
248,692 232,508
CREDITORS
Amounts falling due within one year 7 37,230 66,389
NET CURRENT ASSETS 211,462 166,119
TOTAL ASSETS LESS CURRENT
LIABILITIES

917,112

805,538

PROVISIONS FOR LIABILITIES 8 41,308 43,041
NET ASSETS 875,804 762,497

CAPITAL AND RESERVES
Called up share capital 9 516 516
Share premium 14,985 14,985
Fair value reserve - non-distributable 160,234 166,865
Retained earnings 700,069 580,131
SHAREHOLDERS' FUNDS 875,804 762,497

Governance Strategies Limited (Registered number: 11180213)

Balance Sheet - continued
31 December 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 August 2025 and were signed on its behalf by:





Mr M E Hatchard - Director


Governance Strategies Limited (Registered number: 11180213)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Governance Strategies 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of consideration received or receivable, excluding discounts and rebates.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% reducing balance basis
Computer equipment - 33% reducing balance basis

Taxation
Taxation for the year comprises current 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 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.

Fixed asset investments
The investments are non-convertible ordinary shares measured at fair value through the profit or loss.

3. EMPLOYEES

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

Governance Strategies Limited (Registered number: 11180213)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Plant and Computer
Buildings machinery equipment Totals
£    £    £    £   
COST
At 1 January 2024
and 31 December 2024 9,736 18,000 8,069 35,805
DEPRECIATION
At 1 January 2024 - 10,013 5,268 15,281
Charge for year - 1,198 2,354 3,552
At 31 December 2024 - 11,211 7,622 18,833
NET BOOK VALUE
At 31 December 2024 9,736 6,789 447 16,972
At 31 December 2023 9,736 7,987 2,801 20,524

5. FIXED ASSET INVESTMENTS
Listed Unlisted
investments investments Totals
£    £    £   
COST OR VALUATION
At 1 January 2024 435,369 183,526 618,895
Additions 59,055 104,933 163,988
Disposals (88,633 ) - (88,633 )
Revaluations (5,572 ) - (5,572 )
At 31 December 2024 400,219 288,459 688,678
NET BOOK VALUE
At 31 December 2024 400,219 288,459 688,678
At 31 December 2023 435,369 183,526 618,895

If the fixed asset investments had not been revalued they would have been included at a historical cost of £300,866 (2023 - £330,444).

The directors have considered the value of the unlisted shares at 31 December 2024 and have concluded that the value has not changed and therefore cost represents the fair value.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 38,761 34,496
Other debtors 173,264 146,581
212,025 181,077

Governance Strategies Limited (Registered number: 11180213)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Corporation tax 33,000 32,790
Directors' current accounts 2,370 31,799
Accrued expenses 1,860 1,800
37,230 66,389

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Investment revaluations 38,083 39,141
Accelerated capital allowances 3,225 3,900
41,308 43,041

Deferred
tax
£   
Balance at 1 January 2024 43,041
Accelerated capital allowances (674 )
Investment revaluations (1,059 )
Balance at 31 December 2024 41,308

9. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
516 Ordinary £1 516 516

10. RELATED PARTY DISCLOSURES

Mr M E Hatchard
Director

During the period under review the director incurred expenses on behalf of the company amounting to £1,295 (2023 - £780).

Laughter Lab Ltd
Subsidiary

During the period under review the company made purchases on behalf of Laughter Lab Ltd amounting to £4,765 (2023 - £3,893) and received sales on behalf of Laughter Lab Ltd amounting to £500 (2023 - £250) during the period.

2024 2023
£ £
Amount due to/(from) related party at the balance sheet date:
Mr M E Hatchard 2,370 31,799
Laughter Lab Ltd (38,761 ) (34,496 )

Governance Strategies Limited (Registered number: 11180213)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

11. ULTIMATE CONTROLLING PARTY

During the period under review the company was under the control of Mr M E Hatchard, a director and majority shareholder.