Company No: 09141049 (England and Wales)

Contents

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

Director

J Thierry

Registered office	Innovation House
	Ramsgate Road
	Sandwich
	CT13 9FF
	United Kingdom

Company number

09141049 (England and Wales)

Accountant	Kreston Reeves LLP
	37 St Margarets Street
	Canterbury
	Kent
	CT1 2TU

	Note	2024		2023
		€		€
Fixed assets
Investments	3	125,410		185,795
		125,410		185,795
Current assets
Debtors
- due within one year	4	742,142		373,322
- due after more than one year	4	880,000		210,000
Cash at bank and in hand		16,300		161,390
		1,638,442		744,712
Creditors: amounts falling due within one year	5	( 32,819)		( 32,819)
Net current assets		1,605,623		711,893
Total assets less current liabilities		1,731,033		897,688
Net assets		1,731,033		897,688
Capital and reserves
Called-up share capital	6	1,167		1,167
Profit and loss account		1,729,866		896,521
Total shareholder's funds		1,731,033		897,688

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 member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements of Rage Network Holdings Limited (registered number: 09141049) were approved and authorised for issue by the Director on 26 September 2025. They were signed on its behalf by:

J Thierry 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

Rage Network Holdings 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 Innovation House, Ramsgate Road, Sandwich, CT13 9FF, 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 EUR 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 Statement of Income and Retained Earnings 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.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

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.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	1		1

3. Fixed asset investments

	Other investments		Total
	€		€
Cost or valuation before impairment
At 01 January 2024	289,395		289,395
Disposals	( 57,985)		( 57,985)
At 31 December 2024	231,410		231,410
Provisions for impairment
At 01 January 2024	103,600		103,600
Impairment	2,400		2,400
At 31 December 2024	106,000		106,000
Carrying value at 31 December 2024	125,410		125,410
Carrying value at 31 December 2023	185,795		185,795

4. Debtors

	2024		2023
	€		€
Debtors: amounts falling due within one year
Amounts owed by own subsidiaries	382,142		193,322
Other debtors	360,000		180,000
	742,142		373,322
Debtors: amounts falling due after more than one year
Other debtors	880,000		210,000

5. Creditors: amounts falling due within one year

	2024		2023
	€		€
Amounts owed to director	32,819		32,819

6. Called-up share capital

	2024		2023
	€		€
Allotted, called-up and fully-paid
1,000 Ordinary shares of £ 1.00 each	1,167		1,167

7. Related party transactions

All related party transactions during the current and prior periods, were made under normal market conditions.

8. Ultimate controlling party

During the year the company was controlled by Mr J Thierry by virtue of his 100% shareholding.