Company No: 03887651 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Mark Laurence Isherwood
	Niels Rump (Appointed 23 October 2024)
	Godfrey Rust (Resigned 04 December 2024)

REGISTERED OFFICE	22 Chancery Lane
	London
	WC2A 1LS
	United Kingdom

COMPANY NUMBER

03887651 (England and Wales)

	Note	2024		2023
		£		£
Fixed assets
Tangible assets	4	1,513		2,637
		1,513		2,637
Current assets
Debtors	5	84,752		154,608
Cash at bank and in hand		46,744		120,098
		131,496		274,706
Creditors: amounts falling due within one year	6	( 43,894)		( 36,510)
Net current assets		87,602		238,196
Total assets less current liabilities		89,115		240,833
Net assets		89,115		240,833
Capital and reserves
Called-up share capital	7	16,924		183,540
Share premium account		661,059		661,059
Capital redemption reserve		83,308		0
Other reserves		( 12,737 )		( 12,737 )
Profit and loss account		( 659,439 )		( 591,029 )
Total shareholders' funds		89,115		240,833

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.

Directors' responsibilities:

• The members have not required the company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Rightscom Limited (registered number: 03887651) were approved and authorised for issue by the Board of Directors on 29 September 2025. They were signed on its behalf by:

Mark Laurence Isherwood Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Rightscom Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 22 Chancery Lane, London, WC2A 1LS, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the services are provided to the customer.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets

3 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc.

3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the company during the year, including directors	3		4

3. Intangible assets

	Other intangible assets		Total
	£		£
Cost
At 01 January 2024	42,751		42,751
At 31 December 2024	42,751		42,751
Accumulated amortisation
At 01 January 2024	42,751		42,751
At 31 December 2024	42,751		42,751
Net book value
At 31 December 2024	0		0
At 31 December 2023	0		0

4. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 January 2024	102,273		102,273
At 31 December 2024	102,273		102,273
Accumulated depreciation
At 01 January 2024	99,636		99,636
Charge for the financial year	1,124		1,124
At 31 December 2024	100,760		100,760
Net book value
At 31 December 2024	1,513		1,513
At 31 December 2023	2,637		2,637

5. Debtors

	2024		2023
	£		£
Trade debtors	71,734		139,882
Other debtors	13,018		14,726
	84,752		154,608

6. Creditors: amounts falling due within one year

	2024		2023
	£		£
Trade creditors	28,527		6,871
Other taxation and social security	6,947		1,539
Other creditors	8,420		28,100
	43,894		36,510

7. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
16,924 Ordinary shares of £ 1.00 each (2023: 183,540 shares of £ 1.00 each)	16,924		183,540

During the year, the company repurchased and cancelled 166,616 ordinary shares of £1 each for a total consideration of £83,308. The shares were bought back at lower than nominal value out of capital.