REGISTERED NUMBER: 10408960 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

RIZE EUROPE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S H Cheek

Mr A R Hillery

SECRETARY:

Mrs L A Cheek

REGISTERED OFFICE:

55 Loudoun Road

St John's Wood

London

NW8 0DL

REGISTERED NUMBER:

10408960 (England and Wales)

ACCOUNTANTS:

mgr SD Limited

Chartered Accountants

55 Loudoun Road

St John's Wood

London

NW8 0DL

FIXED ASSETS

Tangible assets

4

31,811

7,670

CURRENT ASSETS

Debtors

5

357,597

586,237

Cash at bank

8,026

193,466

365,623

779,703

CREDITORS

Amounts falling due within one year

6

(350,410

)

(742,419

)

NET CURRENT ASSETS

15,213

37,284

TOTAL ASSETS LESS CURRENT LIABILITIES

47,024

44,954

CREDITORS

Amounts falling due after more than one year

7

-

(10,170

)

PROVISIONS FOR LIABILITIES

11

(4,791

)

(1,273

)

NET ASSETS

42,233

33,511

CAPITAL AND RESERVES

Called up share capital

12

100

100

Retained earnings

42,133

33,411

SHAREHOLDERS' FUNDS

42,233

33,511

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 1 September 2026 and were signed on its behalf by:

Mr S H Cheek - Director

Mr A R Hillery - Director

1.	STATUTORY INFORMATION

Rize Europe 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.

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.

Changes in accounting policies

As the company has changed its principal activity to the provision of administrative, management and support services to other companies within the group, the directors have elected to change the accounting policy in respect of management charges. These amounts are now classified as turnover rather than other income. Restating the prior year on this basis increases turnover by £1,872,611 and decreases other income by the same amount. There is therefore no impact on profit for the year or net assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue represents the provision of administrative, management and support services and is recognised once the expense is incurred.

Tangible fixed assets

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

Short leasehold

-

20% on cost

Office equipment

-

33% on cost

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initial measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans, 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 payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable 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.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2024 - 19 ) .

4.	TANGIBLE FIXED ASSETS

Short

Office

leasehold

equipment

Totals

£

£

£

COST

At 1 January 2025

32,584

71,122

103,706

Additions

21,375

12,790

34,165

Disposals

(32,584

)

(19,063

)

(51,647

)

At 31 December 2025

21,375

64,849

86,224

DEPRECIATION

At 1 January 2025

30,912

65,124

96,036

Charge for year

2,986

6,091

9,077

Eliminated on disposal

(31,637

)

(19,063

)

(50,700

)

At 31 December 2025

2,261

52,152

54,413

NET BOOK VALUE

At 31 December 2025

19,114

12,697

31,811

At 31 December 2024

1,672

5,998

7,670

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

-

17,993

Amounts owed by group undertakings

110,066

158,132

Other debtors

247,531

410,112

357,597

586,237

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts (see note 8)

43,111

210,811

Hire purchase contracts (see note 9)

164

987

Trade creditors

50,165

49,070

Amounts owed to group undertakings

66,893

290,312

Taxation and social security

74,657

52,339

Other creditors

115,420

138,900

350,410

742,419

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans (see note 8)

-

10,006

Hire purchase contracts (see note 9)

-

164

-

10,170

8.

LOANS

An analysis of the maturity of loans is given below:

31.12.25

31.12.24

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

33,351

200,811

Bank loans

9,760

10,000

43,111

210,811

Amounts falling due between one and two years:

Bank loans - 1-2 years

-

10,006

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.12.25

31.12.24

£

£

Gross obligations repayable:

Within one year

197

1,183

Between one and five years

-

197

197

1,380

Finance charges repayable:

Within one year

33

196

Between one and five years

-

33

33

229

Net obligations repayable:

Within one year

164

987

Between one and five years

-

164

164

1,151

Non-cancellable

operating leases

31.12.25

31.12.24

£

£

Within one year

99,541

51,169

Between one and five years

67,229

54,069

166,770

105,238

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.25

31.12.24

£

£

Bank overdrafts

33,351

200,811

Bank loans

9,760

20,006

Hire purchase contracts

164

1,151

43,275

221,968

The bank overdrafts are secured by a fixed and floating charge over all the assets of the company, the bank loan is secured under the Government Bounce Back Loan scheme and hire purchase contracts are secured against the assets financed.

11.	PROVISIONS FOR LIABILITIES

31.12.25

31.12.24

£

£

Deferred tax

4,791

1,273

Deferred

tax

£

Balance at 1 January 2025

1,273

Charge to Income Statement during year

3,518

Balance at 31 December 2025

4,791

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

10,000

Ordinary

£0.01

100

100

13.	PENSION COMMITMENTS

The company makes payments to separate defined contribution schemes on behalf of the directors and employees. Amounts charged to the profit and loss account were £20,318 (2024: £30,413) for the year. There were outstanding employer contributions at the year end of £Nil (2024: £1,275).

14.	RELATED PARTY DISCLOSURES

Rize Worldwide Limited

A company under common control.

During the year, the company charged Rize Worldwide Limited management fees of £226,442 (2024: £188,526) and was charged management fees by Rize Worldwide Limited of £26 (2024: £591). These transactions were made on a commercial arms length basis.

31.12.25

31.12.24

£

£

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

69,100

(42,612

)

Rize Group Holdings Limited

The parent company.

There were no transactions during the year other than the repayment of funds.

31.12.25

31.12.24

£

£

Amount due from related party at the balance sheet date

21,938

27,332

Rize Recruitment Proprietary Limited

A company under common control.

During the year, the company charged Rize Recruitment Proprietary Limited management fees of £39,801 (2024: £25,617). These transactions were made on a commercial arms length basis.

31.12.25

31.12.24

£

£

Amount due from related party at the balance sheet date

17,742

2,509

3S Africa Ltd

A company under common control.

During the year, the company charged 3S Africa Ltd management fees of £31,172 (2024: £93,386). These transactions were made on a commercial arms length basis.

31.12.25

31.12.24

£

£

Amount due from related party at the balance sheet date

-

123,092

Rize Recruitment GmbH

A company under common control.

During the year, the company charged Rize Recruitment GmbH management fees of £1,427 (2024: £12,794). These transactions were made on a commercial arms length basis.

31.12.25

31.12.24

£

£

Amount due from related party at the balance sheet date

1,286

8

Rize Deutschland GmbH

A company under common control.

During the year, the company charged Rize Deutschland GmbH management fees of £1,403,201 (2024: £1,509,461). These transactions were made on a commercial arms length basis.

The company is a guarantor for the bank facility held by Rize Deutschland GmbH.

31.12.25

31.12.24

£

£

Amount due to related party at the balance sheet date

62,278

247,700

Rize Personalberatung GmbH

A company under common control.

During the year, the company charged Rize Personalberatung GmbH management fees of £361,022 (2024: £42,827). These transactions were made on a commercial arms length basis.

31.12.25

31.12.24

£

£

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

(4,615

)

5,191

Mr S H Cheek and Mr A R Hillery

Directors of the company.

The directors have provided a personal guarantee to support the bank overdraft facility.

15.	ULTIMATE CONTROLLING PARTY

The controlling party is Rize Group Holdings Limited.

The ultimate controlling party is Mr S H Cheek by virtue of his and his wife's combined shareholding in the parent company.