REGISTERED NUMBER: 11579118 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

ILLUMINATION VENTURES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms A J Lorenzani

M Montemagno

REGISTERED OFFICE:

15 West Street

Brighton

East Sussex

BN1 2RL

REGISTERED NUMBER:

11579118 (England and Wales)

ACCOUNTANTS:

Galloways Accounting (Hove) Limited

15 West Street

Brighton

East Sussex

BN1 2RL

FIXED ASSETS

Tangible assets

3

1,116

1,489

Investment property

4

1,440,000

1,440,000

1,441,116

1,441,489

CURRENT ASSETS

Debtors

5

2,700

-

Cash at bank

153

13,349

2,853

13,349

CREDITORS

Amounts falling due within one year

6

772,248

758,957

NET CURRENT LIABILITIES

(769,395

)

(745,608

)

TOTAL ASSETS LESS CURRENT LIABILITIES

671,721

695,881

CREDITORS

Amounts falling due after more than one year

7

(630,063

)

(708,379

)

PROVISIONS FOR LIABILITIES

(279

)

(372

)

NET ASSETS/(LIABILITIES)

41,379

(12,870

)

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

8

39,948

39,948

Retained earnings

1,331

(52,918

)

41,379

(12,870

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 December 2025 and were signed on its behalf by:

Ms A J Lorenzani - Director

M Montemagno - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

As stated in the accounting policy note, these financial statements have been prepared on the basis that the company will continue to be a going concern. During the year the company made a net profit of £72,115 before tax, and as at the year end the current liabilities exceeded current assets by £769,395.

The validity of this basis depends upon the continued support of the Parent company. The directors confirm they will give the required support.

Turnover

Turnover represents the following types of income:

- Rental income

All income is recognised on a receivable basis.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

3.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2024

and 31 March 2025

7,152

DEPRECIATION

At 1 April 2024

5,663

Charge for year

373

At 31 March 2025

6,036

NET BOOK VALUE

At 31 March 2025

1,116

At 31 March 2024

1,489

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

1,440,000

NET BOOK VALUE

At 31 March 2025

1,440,000

At 31 March 2024

1,440,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2022

9,948

Valuation in 2023

30,000

Cost

1,400,052

1,440,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Prepayments

2,700

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed to group undertakings

743,771

738,638

Tax

17,959

2,375

Other creditors

7,919

15,844

Directors' loan accounts

654

-

Accrued expenses

1,945

2,100

772,248

758,957

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

630,063

708,379

8.

RESERVES

Revaluatio

reserve

£

At 1 April 2024

and 31 March 2025

39,948

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, Ms A Lorenzani increased her loan to the company. As at 31 March 2025, the company owed her £654 (2024: £Nil). This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

10.	RELATED PARTY DISCLOSURES

The Tech Alchemist Limited

A 100% subsidiary company of Rize Corp Ltd, the parent company.

During the year, The Tech Alchemist Limited maintained it's loan to Illumination Ventures Limited. At the balance sheet date, the company owed The Tech Alchemist Limited £743,771 (2024: £723,810).

The Good PR Agency Ltd

A 100% subsidiary company of Rize Corp Ltd, the parent company.

During the year The Good PR Agency Ltd reduced it's loan to Illumination Ventures Limited. At the balance sheet date, the company owed The Good PR Agency Ltd £Nil (2024: £14,828).

All transactions were undertaken on a commercial arms length basis and any outstanding amounts are interest free and repayable on demand.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M Montemagno & Ms A Lorenzani.

This was by virtue of their effective control of the parent company Rize Corp Ltd.