Company No: 12048237 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2024		2023
		£		£
Fixed assets
Tangible assets	4	2,359		0
Investments	5	812		812
		3,171		812
Current assets
Debtors	6	140,999		94,482
		140,999		94,482
Creditors: amounts falling due within one year	7	( 143,921)		( 91,898)
Net current (liabilities)/assets		(2,922)		2,584
Total assets less current liabilities		249		3,396
Net assets		249		3,396
Capital and reserves
Called-up share capital	8	105		105
Profit and loss account		144		3,291
Total shareholders' funds		249		3,396

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 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 Recruitment Investment Group Limited (registered number: 12048237) were approved and authorised for issue by the Director. They were signed on its behalf by:

P Bromwich Director

30 September 2025

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

Recruitment Investment Group 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 Walbrook Wharf, 78-83 Upper Thames Street, London, EC4R 3TD, 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 £.

Going concern

The company has net current liabilities of £2,922. Included within creditors due within one year are amounts owed from companies under common control of £80,047. The companies have confirmed they will not seek repayment of the existing loans within 12 months from the date of the approval of the financial statements.

The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Based on all of the above, the director believes it is appropriate to continue to use the going concern basis for the preparation of the financial statements

Dividend income

Dividend income from investments is recognised when the shareholders' rights to receive payment have been established (provided that it is probable that the economic benefits will flow to the company and the amount of revenue can be measured reliably).

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:

Office equipment

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.

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.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, 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.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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. Prior year adjustment

The comparative information within these financial statements has been restated to correct previously understated income from investments and dividends declared. This has increased income from investments by £162,762 and increased dividends declared by the same amount. This has had no impact on net assets previously reported.

		As previously reported		Adjustment		As restated
Year ended 31 December 2023		£		£		£
Income from other fixed asset investments		254,422		162,762		417,184
Dividends paid		242,714		162,762		405,476

3. Employees

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

4. Tangible assets

	Office equipment		Total
	£		£
Cost
At 01 January 2024	0		0
Additions	2,654		2,654
At 31 December 2024	2,654		2,654
Accumulated depreciation
At 01 January 2024	0		0
Charge for the financial year	295		295
At 31 December 2024	295		295
Net book value
At 31 December 2024	2,359		2,359
At 31 December 2023	0		0

5. Fixed asset investments

	Other investments		Total
	£		£
Cost or valuation before impairment
At 01 January 2024	812		812
At 31 December 2024	812		812
Carrying value at 31 December 2024	812		812
Carrying value at 31 December 2023	812		812

6. Debtors

	2024		2023
	£		£
Amounts owed by group undertakings	83,822		51,261
Amounts owed by related parties	21,500		21,500
Corporation tax	5,409		5,409
Other debtors	30,268		16,312
	140,999		94,482

Amounts owed by group undertakings are unsecured, interest free and repayable upon demand.

7. Creditors: amounts falling due within one year

	2024		2023
	£		£
Amounts owed to group undertakings	45,133		45,000
Amounts owed to related parties	34,914		4,675
Witholding tax	27,061		0
Taxation and social security	0		5,409
Other creditors	36,813		36,814
	143,921		91,898

Amounts owed to group undertakings are unsecured, interest free and repayable upon demand.

8. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
51 Ordinary shares of £ 1.00 each	51		51
13 S1 Shares ordinary shares of £ 1.00 each	13		13
12 S2 Shares ordinary shares of £ 1.00 each	12		12
12 S3 Shares ordinary shares of £ 1.00 each	12		12
12 S4 Shares ordinary shares of £ 1.00 each	12		12
1 W1 Shares ordinary share of £ 1.00	1		1
1 W2 Shares ordinary share of £ 1.00	1		1
1 W3 Shares ordinary share of £ 1.00	1		1
1 W4 Shares ordinary share of £ 1.00	1		1
1 W5 Shares ordinary share of £ 1.00	1		1
	105		105

9. Related party transactions

Transactions with the entity's director

Included within other debtors are amounts owed by the directors of £30,163 (2023: £16,027). Interest is charged at the official rate.

Other related party transactions

Included within amounts owed by group undertakings are amounts of £83,822 (2023: £51,261) owed by subsidiaries.

Included within amounts owed by related parties are amounts of £21,500 (2023: £21,500) owed by an associate company.

Included within amounts owed to group undertakings are amounts of £45,133 (2023: £45,000) owed to a subsidiary.

Included within amounts owed to related parties are amounts of £34,914 (2023: £4,675) owed to a company with a common director.

10. Ultimate controlling party

The company is controlled by P Bromwich.