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Registration number: 12411220

Rise Ventures Global Ltd
Unaudited Filleted Financial Statements
for the Year Ended 31 December 2024

Rise Ventures Global Ltd

Contents

Balance Sheet | 1
Notes to the Unaudited Financial Statements | 2 to 7

Rise Ventures Global Ltd

(Registration number: 12411220)
Balance Sheet as at 31 December 2024

| Note | 2024 £ | 2023 £
Fixed assets |  |  |
Intangible assets | 4 | 6,743 | 14,065
Tangible assets | 5 | 75 | 1,198
|  | 6,818 | 15,263
Current assets |  |  |
Cash at bank and in hand |  | 9,986 | 65,711
Creditors: Amounts falling due within one year | 6 | (1,600) | (1,812)
Net current assets |  | 8,386 | 63,899
Total assets less current liabilities |  | 15,204 | 79,162
Creditors: Amounts falling due after more than one year | 6 | (529,227) | (584,227)
Net liabilities |  | (514,023) | (505,065)
Capital and reserves |  |  |
Called up share capital | 7 | 129 | 129
Share premium reserve |  | 199,971 | 199,971
Retained earnings |  | (714,123) | (705,165)
Shareholders' deficit |  | (514,023) | (505,065)

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 11 September 2025

......................................... Mr Howard William Mears Director |  |

Rise Ventures Global Ltd

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

1 | General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
3rd Floor
86-90 Paul Street
London
EC2A 4NE
England

These financial statements were authorised for issue by the director on 11 September 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The directors have reviewed the company's plans for a period of 12 months from the date of signing the accounts and are satisfied that the preparation of the accounts on a going concern basis continues to be appropriate. The shareholders have confirmed their ongoing support of the business and anticipate that adequate funding support will be made available to the company.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Rise Ventures Global Ltd

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

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Computer Equipment | over 3 years Straight Line Method

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Website Development | over 5 Years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Rise Ventures Global Ltd

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

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 3).

Rise Ventures Global Ltd

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

4 | Intangible assets

| Other intangible assets £ | Total £
Cost or valuation
At 1 January 2024 | 36,950 | 36,950
At 31 December 2024 | 36,950 | 36,950
Amortisation
At 1 January 2024 | 22,885 | 22,885
Amortisation charge | 7,322 | 7,322
At 31 December 2024 | 30,207 | 30,207
Carrying amount
At 31 December 2024 | 6,743 | 6,743
At 31 December 2023 | 14,065 | 14,065

5 | Tangible assets

| Office equipment £ | Total £
Cost or valuation
At 1 January 2024 | 9,442 | 9,442
At 31 December 2024 | 9,442 | 9,442
Depreciation
At 1 January 2024 | 8,244 | 8,244
Charge for the year | 1,123 | 1,123
At 31 December 2024 | 9,367 | 9,367
Carrying amount
At 31 December 2024 | 75 | 75
At 31 December 2023 | 1,198 | 1,198

Rise Ventures Global Ltd

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

6 | Creditors

Creditors: amounts falling due within one year

| 2024 £ | 2023 £
Due within one year |  |
Trade creditors | - | 312
Accruals and deferred income | 1,600 | 1,500
| 1,600 | 1,812

Creditors: amounts falling due after more than one year

| Note | 2024 £ | 2023 £
Due after one year |  |  |
Loans and borrowings | 8 | 529,227 | 584,227

The amounts included in Loans and Borrowings relate to advances made by directors/shareholders. There is no fixed repayment date and so these advances have been included in amounts due after more than one year.

7 | Share capital

Allotted, called up and fully paid shares

| 2024 | 2023
| No. | £ | No. | £
Ordinary Share A of £0.10 each | 1,290 | 129 | 1,290 | 129

Rise Ventures Global Ltd

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

8 | Loans and borrowings

Non-current loans and borrowings

| 2024 £ | 2023 £
Other borrowings | 529,227 | 584,227

9 | Related party transactions

Loans from related parties

2024 | Key management £ | Total £
At start of period | 584,227 | 584,227
Repaid | (55,000) | (55,000)
At end of period | 529,227 | 529,227

2023 | Key management £ | Total £
At start of period | 499,227 | 499,227
Advanced | 85,000 | 85,000
At end of period | 584,227 | 584,227

Terms of loans from related parties

The loans advanced by the directors/shareholders are non interest bearing and have no fixed repayment date.