REGISTERED NUMBER: 11861258 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

GOVERNANCE MINISTRIES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

R A Fleming

REGISTERED OFFICE:

226 Church Road

Willesden

London

NW10 9NR

REGISTERED NUMBER:

11861258 (England and Wales)

AUDITORS:

McCabe Ford Williams

Chartered Accountants and Statutory Auditors

Charlton House

Dour Street

Dover

Kent

CT16 1BL

FIXED ASSETS

Investments

4

1,000,000

1,000,000

CREDITORS

Amounts falling due within one year

5

1,002,960

1,002,180

NET CURRENT LIABILITIES

(1,002,960

)

(1,002,180

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,960

)

(2,180

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(3,060

)

(2,280

)

(2,960

)

(2,180

)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 November 2025 and were signed by:

R A Fleming - Director

1.	STATUTORY INFORMATION

Governance Ministries Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Fixed asset investments

Fixed Asset Investments are initially recorded at cost and subsequently measured at fair value. If fair value cannot be reliably measured, assets are measured at cost less impairment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	FIXED ASSET INVESTMENTS

Unlisted

investments

£

COST

At 1 April 2024

and 31 March 2025

1,000,000

NET BOOK VALUE

At 31 March 2025

1,000,000

At 31 March 2024

1,000,000

During 2019, an investment of £1,000,000 was made in Ori International LLC, a company incorporated in the US, Company number 6699890, by Governance Ministries (Registered Charity 1051780). This is a startup video on demand Christian media platform .

This investment was transferred over to the Company from Governance Ministries Charity in the year ended 31 March 2022 at cost. Governance Ministries Charity (1051780) is the sole shareholder of Governance Ministries Ltd and the Ultimate Controlling Party.

The Director and the Trustees of Governance Ministries Charity are of the opinion that there is no impairment in respect of this investment at the balance sheet or sign off date.

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed to group undertakings

1,002,270

1,000,980

Other creditors

690

1,200

1,002,960

1,002,180

6.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

John Sheather BSc FCA (Senior Statutory Auditor)

for and on behalf of McCabe Ford Williams

7.	GOING CONCERN

These financial statements have been prepared on a going concern basis on the basis that the parent charity will continue to support the company for the forseeable future. The parent charity has confirmed it is their intention to do so.