REGISTERED NUMBER: 12533884 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

RISE CLIMBING PROJECT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Conor Skilbeck

James Bernard Beattie Skinner

REGISTERED OFFICE:

Unit 6, Caxton Works

Hoy Street

London

E16 1ZA

REGISTERED NUMBER:

12533884 (England and Wales)

ACCOUNTANTS:

Stan Lee Accountancy Ltd

T/A: The Stan Lee

Chartered Certified Accountants

Level 18, 40 Bank Street

Canary Wharf

London

E14 5NR

FIXED ASSETS

Tangible assets

4

226,771

179,198

CURRENT ASSETS

Stocks

5

13,011

10,139

Debtors

6

50,144

44,072

Cash at bank and in hand

16,544

42,656

79,699

96,867

CREDITORS

Amounts falling due within one year

7

100,093

19,240

NET CURRENT (LIABILITIES)/ASSETS

(20,394

)

77,627

TOTAL ASSETS LESS CURRENT LIABILITIES

206,377

256,825

CAPITAL AND RESERVES

Called up share capital

8

14

14

Share premium

9

340,477

340,477

Retained earnings

9

(134,114

)

(83,666

)

SHAREHOLDERS' FUNDS

206,377

256,825

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 November 2026 and were signed on its behalf by:

James Bernard Beattie Skinner - Director

1.	STATUTORY INFORMATION

Rise Climbing Project 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.

Turnover

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

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

-

Over the period of the lease

Improvements to property

-

No depreciation

Plant and machinery

-

straight line over 3 years

Fixtures and fittings

-

Straight line over 7 years

Computer equipment

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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 2 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Short

to

Plant and

leasehold

property

machinery

£

£

£

COST

At 1 April 2025

10,609

135,448

45,991

Additions

-

57,076

1,262

At 31 March 2026

10,609

192,524

47,253

DEPRECIATION

At 1 April 2025

3,448

-

45,919

Charge for year

1,061

-

305

At 31 March 2026

4,509

-

46,224

NET BOOK VALUE

At 31 March 2026

6,100

192,524

1,029

At 31 March 2025

7,161

135,448

72

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2025

67,071

1,114

260,233

Additions

-

351

58,689

At 31 March 2026

67,071

1,465

318,922

DEPRECIATION

At 1 April 2025

31,339

329

81,035

Charge for year

9,581

169

11,116

At 31 March 2026

40,920

498

92,151

NET BOOK VALUE

At 31 March 2026

26,151

967

226,771

At 31 March 2025

35,732

785

179,198

5.

STOCKS

2026

2025

£

£

Stocks

13,011

10,139

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

1,885

1,887

Rent deposit

20,203

16,000

Prepayments

28,056

26,185

50,144

44,072

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Social security and other taxes

1,058

1,208

VAT

9,025

5,320

Other creditors

4,720

6,550

Net wages

2,812

2,878

Pension control

-

180

Directors' current accounts

80,001

-

Accrued expenses

2,477

3,104

100,093

19,240

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

1,000,000

Ordinary Shares

£.00001

10

10

337,197

A Ordinary Shares

£.00001

4

4

14

14

Ordinary Shares are primarily held by the directors, who maintain a majority ownership in the company. A Ordinary Shares, on the other hand, are allocated to external investors participating through SEIS, EIS, or non-SEIS investment schemes.

9.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1 April 2025

(83,666

)

340,477

256,811

Deficit for the year

(50,448

)

(50,448

)

At 31 March 2026

(134,114

)

340,477

206,363

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at the balance sheet date, the amount due from the Company to its directors was £80,001 (2025 : £nil). The loan is interest-free and repayable in full on demand at short notice.

11.	ULTIMATE CONTROLLING PARTY

Throughout the current and previous years, the directors controlled the Company through their majority ownership of its issued share capital.