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Registered number:
FOR THE YEAR ENDED 31 DECEMBER 2024
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REVIUM GROUP HOLDINGS LIMITED
COMPANY INFORMATION
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REVIUM GROUP HOLDINGS LIMITED
CONTENTS
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REVIUM GROUP HOLDINGS LIMITED
GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
2024 marked a significant turnaround for the group following several loss-making years driven by the impact of the COVID-19 pandemic. The restructuring undertaken in 2023 and early 2024 delivered tangible results, with the group returning to profitability in 2024 and achieving margins above industry standards.
Group revenues grew 21% YoY, Gross Profit grew 32% YoY and following a significant reduction in overheads, the business has returned to healthy operating profits. The focus on operational excellence continued in 2024, prioritising delivery for our clients, whilst protecting and growing our existing revenue streams. The structural changes we made have ensured a lean, agile, and focused business, ready to meet the demands of a dynamic market which is coming to fruition in 2025. We returned to profitability in late 2023, which marked a turning point in our financial trajectory, and this has continued throughout 2024, enabling us to invest in our Data & Reporting capabilities and grow our Sales team to set ourselves up for further success in 2025. The introduction of a new analysis tool in 2024 has given our clients deeper insights into performance, helping to enhance existing relationships and secure new clients. These successes reflect our commitment to staying ahead of client expectations and driving value in every retail interaction. AI innovation is accelerating at pace and we are continually looking at ways to use AI internally to become more efficient and also to improve our customer proposition. The year started strong with us securing a large new client in a new sector. Client retention has remained strong, including the renewal of a multi-year contract and the growth of existing clients along with new client wins have diversified the customer base, positioning the group for sustainable future success. The group has strengthened its balance sheet through profitable trading and the servicing of legacy debt. 2024 continued to be focused on delivering financial stability, with a prioritisation on capital allocation, to ensure a strong ROI on all spend, enabling us to invest more in growth initiatives.
Future developments
As we look ahead, 2025 will be a year of strategic acceleration, building on the strong foundations laid in 2023 and the momentum gained throughout 2024. Our focus remains on sustainable, profitable growth through diversification, innovation, and operational excellence. We will continue to reduce reliance on our largest clients by expanding into new sectors and deepening relationships with a broader base of third-party retailers. This diversification strategy is already bearing fruit, with new client wins in previously untapped verticals and the renewal of multi-year contracts with key partners. These developments position us for long-term resilience and growth. A cornerstone of our future strategy is the continued development of our proprietary data platform. In 2024, we made significant progress in capturing and analysing sales, consumer, and market performance data. In 2025, we will enhance this platform with AI-driven capabilities that deliver predictive insights, real-time ROI tracking, and tailored recommendations. These tools will empower our clients to make faster, smarter decisions and optimise performance with precision. In parallel, we are strengthening our internal capabilities. We are equipping our teams with advanced tools, specialised training, and collaborative frameworks to ensure they can deliver measurable results in an increasingly complex retail environment. Our “people-first” culture remains central to our success, and we will continue to invest in talent development, wellbeing, and inclusion. The retail sector continues to evolve rapidly. Brands are increasingly blending physical and digital experiences, investing in experiential retail, and seeking partners who can deliver measurable impact. Field marketing is playing a more strategic role in this landscape—bridging the gap between data and human interaction. Our ability to deliver insight-led, high-impact campaigns positions us as a partner of choice in this new era. In 2025, we will also explore strategic partnerships and technology collaborations that can accelerate our
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REVIUM GROUP HOLDINGS LIMITED
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
innovation roadmap and expand our market reach. Whether through joint ventures, platform integrations, or co-development initiatives, we are committed to staying at the forefront of retail marketing innovation.
Our ambition is clear: to lead the field marketing sector in performance, insight, and impact. With a strong balance sheet, a growing client base, and a culture of continuous improvement, we are confident in our ability to deliver on this vision.
The group continues to operate under service agreements negotiated with clients, typically spanning periods of 12 to 36 months. A key risk remains the potential non-renewal of agreements with significant clients at the end of their terms.
To mitigate this, we have focused on deepening client relationships, demonstrating measurable return on investment (ROI), and diversifying our client base to reduce reliance on any single partner. The retail sector in 2024 has seen a resurgence in physical retail, with brands investing in experiential formats and omnichannel strategies. However, economic uncertainty and evolving consumer expectations remain challenges. The global economic outlook remains uncertain, with inflation and geopolitical developments posing risks to our operations. Proposed trade policies under a second Trump administration—such as broad import tariffs—have disrupted supply chains and raised input costs. These pressures have affected client go to market strategies, budgets and consumer spending, particularly in the UK retail sector. Retailers like Currys and John Lewis, are already navigating margin pressures and shifting consumer behaviours, which could impact clients investment in field marketing. We are monitoring these developments and exploring mitigation strategies including supplier diversification and pricing resilience. We have also proactively adapted to these changes by leveraging our data platform and AI tools to provide clients with actionable insights and performance optimisation strategies.
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REVIUM GROUP HOLDINGS LIMITED
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
∙Revenues: were up 21% YoY beating target. Driven by winning a new client in a new sector , and further growth of our second largest client, who continue to see the returns from our services.
∙Cost Optimisation: Operating expenses were down 15% YoY driven by the flowthrough of the two major restructures in 2023. We remain focused on effective capital allocation and using AI technologies to become even more efficient.
∙Profitability: Our efforts in 2023 have come to fruition, turning our operating profit from negative to positive. The turnaround reflects the success of our continued efforts to balance costs, grow revenue, and enhance operational efficiency and this is continuing in to 2025.
∙Cash Generation: Moving into profit generation has enabled us to clear historic liabilities, whilst continuing to service our long term loans and start to invest in new initiatives.
∙Outlook: May-25 YTD Revenues are up 24% versus the same period in 2024 and this growth rate is expected to continue to the end of the year. We remain focused on investing in our products and people in 2025 to ensure that we maintain our competitive advantage and continue to deliver outstanding performance for our clients.
Our financial progress in 2024 underscores our commitment to sustainable growth and operational excellence, ensuring that Retail Innovation Group continues to deliver value for clients and stakeholders alike. Employment The group remains committed to attracting, retaining and developing people in all roles across the business. We continue to drive a 'people first' culture and invest in training, development, and wellbeing. We are also exploring how AI can support our teams by automating routine tasks and enabling more strategic focus, ensuring our people remain at the heart of our success. Corporate Social Responsibility Retail Marketing continues to believe in being a part of the community in the widest sense. Our success is measured not only by commercial returns but also by the positive impact we have on the wider community. We remain committed to environmental and social responsibility, and in 2024 we expanded our CSR initiatives to include digital inclusion programs and sustainability partnerships with retail clients.
This report was approved by the board and signed on its behalf.
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REVIUM GROUP HOLDINGS LIMITED
DIRECTOR'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The director presents his report and the financial statements for the year ended 31 December 2024.
The profit for the year, after taxation, amounted to £562,245 (2023 - loss £310,353).
No dividends were paid in the year (2023: £Nil).
The director who served during the year was:
The director is responsible for preparing the Group strategic report, the Director's report and the consolidated financial statements in accordance with applicable law and regulations.
In preparing these financial statements, the director is required to:
∙select suitable accounting policies for the Group's financial statements and then apply them consistently;
∙make judgments and accounting estimates that are reasonable and prudent;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Group will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and the Group and to enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the Company and the Group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
See strategic report.
See strategic report.
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REVIUM GROUP HOLDINGS LIMITED
DIRECTOR'S REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
The auditors, James Cowper Kreston Audit, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.
This report was approved by the board and signed on its behalf.
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REVIUM GROUP HOLDINGS LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF REVIUM GROUP HOLDINGS LIMITED
We have audited the financial statements of Revium Group Holdings Limited (the 'parent Company') and its subsidiaries (the 'Group') for the year ended 31 December 2024, which comprise the Consolidated profit and loss account, the Consolidated Balance Sheet, the Company Balance Sheet, the Consolidated Statement of Cash Flows, the Consolidated Statement of Changes in Equity, the Company Statement of Changes in Equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the parent Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.
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REVIUM GROUP HOLDINGS LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF REVIUM GROUP HOLDINGS LIMITED (CONTINUED)
The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' report thereon. The director is responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Group strategic report and the Director's report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
∙the Group strategic report and the Director's report have been prepared in accordance with applicable legal requirements.
In the light of the knowledge and understanding of the Group and the parent Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group strategic report or the Director's report.
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REVIUM GROUP HOLDINGS LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF REVIUM GROUP HOLDINGS LIMITED (CONTINUED)
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Group financial statements.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance.
The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. The specific procedures for this engagement that we designed and performed to detect material misstatements in respect of irregularities, including fraud, were as follows:
∙Enquiry of management and those charged with governance around actual and potential litigation and claims;
∙Enquiry of management and those charged with governance to identify any material instances of non-compliance with laws and regulations;
∙Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;
∙Performing audit work to address the risk of irregularities due to management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for evidence of bias.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.
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REVIUM GROUP HOLDINGS LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF REVIUM GROUP HOLDINGS LIMITED (CONTINUED)
This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.
for and on behalf of
Chartered Accountants and Statutory Auditor
Reading Bridge House
George Street
Berkshire
RG1 8LS
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REVIUM GROUP HOLDINGS LIMITED
CONSOLIDATED PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
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REVIUM GROUP HOLDINGS LIMITED
REGISTERED NUMBER: 12202502
CONSOLIDATED BALANCE SHEET
AS AT 31 DECEMBER 2024
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 17 to 31 form part of these financial statements.
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REVIUM GROUP HOLDINGS LIMITED
REGISTERED NUMBER: 12202502
COMPANY BALANCE SHEET
AS AT 31 DECEMBER 2024
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 17 to 31 form part of these financial statements.
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REVIUM GROUP HOLDINGS LIMITED
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023
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REVIUM GROUP HOLDINGS LIMITED
COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024
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REVIUM GROUP HOLDINGS LIMITED
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2024
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REVIUM GROUP HOLDINGS LIMITED
CONSOLIDATED ANALYSIS OF NET DEBT
FOR THE YEAR ENDED 31 DECEMBER 2024
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REVIUM GROUP HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Revium Group Holdings Limited is a private limited company which is incorporated in England and Wales. Its registered office is Reading Bridge House, George Street, Reading, Berkshire, RG1 8LS.
The principal activity of the company is that of a holding company. Its registered office is listed on the general information page of these financial statements.
2.Accounting policies
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires Group management to exercise judgment in applying the Group's accounting policies (see note 3).
The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Profit and loss account in these financial statements.
The following principal accounting policies have been applied:
The consolidated financial statements present the results of the Company and its own subsidiaries ("the Group") as if they form a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full.
Except as noted below the consolidated financial statements incorporate the results of business combinations using the purchase method. In the Balance sheet, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the Consolidated statement of comprehensive income from the date on which control is obtained. They are deconsolidated from the date control ceases. Revium Group Holdings Limited was incorporated on 12 September 2019 and on 17 September 2019 acquired the entire issued share capital of Revium Group Limited in exchange for the issue of its own equity shares. The substance of this transaction was not that of an acquisition of a business but that of a group reconstruction under which a new holding company has been established under which all the former ordinary shareholders of Revium Group Limited have the same proportionate interest in the new holding company as they did in Revium Group Limited. The directors believe that to account for the transaction as an acquisition of a business using acquisition accounting including the restatement of separable assets and liabilities to fair values, the creation of goodwill and other identifiable intangible assets and the inclusion of post-reorganisation results only would not give a true and fair view of the Group’s results and financial position. The group has therefore applied merger accounting to the acquisiton of the share capital of Revium Group Limited. For the consolidated financial statements the adoption of merger accounting presents Revium Group Holdings Limited as if it has always been the parent undertaking of the Group.
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REVIUM GROUP HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2.Accounting policies (continued)
The year 2024 marked a significant turnaround for the group following several loss-making years driven by the impact of the COVID-19 pandemic. The restructuring undertaken in 2023 and early 2024 has delivered tangible results, with the group returning to profitability in 2024 and achieving margins above industry standards.
This positive momentum has continued into 2025, with further growth on the prior year and a continued focus on cost control across both cost of sales and overheads. The group has strengthened its balance sheet through profitable trading and the servicing of legacy debt. Client retention has remained strong, including the renewal of a multi-year contract with our largest client, and new client wins have diversified the customer base, positioning the group for sustainable future success. Given the improved trading performance, strengthened financial position, and positive outlook, the directors are satisfied that the preparation of the financial statements on a going concern basis is appropriate and that this is not subject to material uncertainty
Functional and presentation currency
Transactions and balances
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REVIUM GROUP HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2.Accounting policies (continued)
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REVIUM GROUP HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2.Accounting policies (continued)
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
The estimated useful lives range as follows:
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
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REVIUM GROUP HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2.Accounting policies (continued)
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
The Group has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.
Basic financial assets
Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.
Discounting is omitted where the effect of discounting is immaterial. The Group's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.
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 Group after the deduction of all its liabilities.
Basic financial liabilities, which include trade and other creditors, bank loans, other loans and loans due to fellow group companies are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.
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REVIUM GROUP HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2.Accounting policies (continued)
Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
The Group makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below: Revenue Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Group and the revenue can be reliably measured. The Group recognises revenue as costs are incurred on behalf of their customers. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Taxation The Group establishes provisions based on reasonable estimates, for possible consequences of audits by the tax authorities. The amount of such provisions is based on various factors, such as experience with previous tax submissions. Management estimation is required to determine the amount of deferred tax assets that can be recognised, based upon likely timing and level of future taxable profits together with an assessment of the effect of future tax planning strategies. Impairment of investments The carrying amount of the Company’s investments are reviewed at each balance sheet date to determine whether there is any indication of impairment. Any impairment loss is recognised when the carrying amount of the investment exceeds the investment value. Impairment losses are recognised in the statement of comprehensive income.
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REVIUM GROUP HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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REVIUM GROUP HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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REVIUM GROUP HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Profit and loss account in these financial statements. The profit after tax of the parent Company for the year was £5,250,201 (2023: £NIL).
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REVIUM GROUP HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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REVIUM GROUP HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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REVIUM GROUP HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
See note 16 for information on the securities of the bank loans.
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REVIUM GROUP HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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REVIUM GROUP HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Merger Reserve
Profit and loss account
The Group operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Group in an independently administered fund. The pension cost charge represents contributions payable by the Group to the fund and amounted to £192,931 (2023: £176,028). Contributions totalling £30,728 (2023: £31,449) were payable to the fund at the balance sheet date and are included in creditors.
In order for the subsidiary company Retail Innovation Group Limited to take the audit exemption in section 479A of the Companies Act 2006, the Company has guaranteed all outstanding liabilities of that subsidiary company at 31 December 2024 until those liabilities are satisfied in full.
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REVIUM GROUP HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
The ultimate controlling party of the company is
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