REGISTERED NUMBER: 11180213 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

Governance Strategies Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M E Hatchard

Mrs A N Hatchard

SECRETARY:

Mrs A N Hatchard

REGISTERED OFFICE:

66 Henshaw Street

London

SE17 1PD

REGISTERED NUMBER:

11180213 (England and Wales)

ACCOUNTANTS:

Butler & Co Alresford Limited

Chartered Accountants

The Old Stables

Sutton Manor Farm

Bishops Sutton

Alresford

Hampshire

SO24 0AA

FIXED ASSETS

Tangible assets

4

15,519

16,972

Investments

5

876,449

688,678

891,968

705,650

CURRENT ASSETS

Debtors

6

108,999

212,025

Cash at bank

60,129

36,667

169,128

248,692

CREDITORS

Amounts falling due within one year

7

73,554

37,230

NET CURRENT ASSETS

95,574

211,462

TOTAL ASSETS LESS CURRENT LIABILITIES

987,542

917,112

PROVISIONS FOR LIABILITIES

8

56,727

41,308

NET ASSETS

930,815

875,804

CAPITAL AND RESERVES

Called up share capital

9

516

516

Share premium

14,985

14,985

Fair value reserve - non-distributable

208,896

160,234

Retained earnings

706,418

700,069

SHAREHOLDERS' FUNDS

930,815

875,804

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 27 July 2026 and were signed on its behalf by:

Mr M E Hatchard - Director

1.	STATUTORY INFORMATION

Governance Strategies Limited 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.

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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of consideration received or receivable, excluding discounts and rebates.

Tangible fixed assets

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

Plant and machinery

-

15% reducing balance basis

Computer equipment

-

33% reducing balance basis

Taxation

Taxation for the year comprises current 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 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

The investments are non-convertible ordinary shares measured at fair value through the profit or loss.

3.

EMPLOYEES

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

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

Buildings

machinery

equipment

Totals

£

£

£

£

COST

At 1 January 2025

and 31 December 2025

9,736

18,000

8,069

35,805

DEPRECIATION

At 1 January 2025

-

11,211

7,622

18,833

Charge for year

-

1,018

435

1,453

At 31 December 2025

-

12,229

8,057

20,286

NET BOOK VALUE

At 31 December 2025

9,736

5,771

12

15,519

At 31 December 2024

9,736

6,789

447

16,972

5.	FIXED ASSET INVESTMENTS

Listed

Unlisted

investments

investments

Totals

£

£

£

COST OR VALUATION

At 1 January 2025

400,219

288,459

688,678

Additions

244,578

7,309

251,887

Disposals

(30,643

)

(94,903

)

(125,546

)

Revaluations

61,430

-

61,430

At 31 December 2025

675,584

200,865

876,449

NET BOOK VALUE

At 31 December 2025

675,584

200,865

876,449

At 31 December 2024

400,219

288,459

688,678

If the fixed asset investments had not been revalued they would have been included at a historical cost of £487,123 (2024 - £300,866).

The directors have considered the value of the remaining unlisted shares at 31 December 2025 after the current year disposals and have concluded that the value of the remaining shares has not changed and therefore cost represents the fair value.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

41,938

38,761

Other debtors

67,061

173,264

108,999

212,025

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Corporation tax

26,530

33,000

Directors' current accounts

45,103

2,370

Accrued expenses

1,921

1,860

73,554

37,230

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

Investment revaluations

52,967

38,083

Accelerated capital allowances

3,760

3,225

56,727

41,308

Deferred

tax

£

Balance at 1 January 2025

41,308

Accelerated capital allowances

535

Investment revaluations

14,884

Balance at 31 December 2025

56,727

9.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2025

2024

value:

£

£

516

Ordinary

£1

516

516

10.	RELATED PARTY DISCLOSURES

Mr M E Hatchard

Director

During the period under review the director incurred expenses on behalf of the company amounting to £1,479 (2024 - £1,295).

Laughter Lab Ltd

Subsidiary

During the period under review the company made purchases on behalf of Laughter Lab Ltd amounting to £3,177 (2024 - £4,765) and received sales on behalf of Laughter Lab Ltd amounting to £nil (2024 - £500) during the period.

2025

2024

£

£

Amount due to/(from) related party at the balance sheet date:

Mr M E Hatchard

45,103

2,370

Laughter Lab Ltd

(41,938

)

(38,761

)

11.	ULTIMATE CONTROLLING PARTY

During the period under review the company was under the control of Mr M E Hatchard, a director and majority shareholder.