Projects From Premiere 2023 Not Working in Premiere 2024

Version: 24.1

Platform/OS: ASUS Vivobook, Windows 11

Steps: Convert project from Premiere 2023, import footage/do anything on the timeline, program freezes/ui issues occur

Expected result: To be able to edit my projects without having to use an older version of Premiere

Actual results: Unable to use Premiere 2024 with older projects

I've had no issues with Premiere 2024 until the last few days. When opening up my projects on the previous version it converts like normal but then after a minute when I start to import footage and edit Pemiere freezes, doesn't playback the sequence properly (or is plays but it's not playing on the sequence) and I'm having many UI issues (see attached, I have blacked out footage and names for privacy). Luckily I still have Premiere 2023 still installed so I can work on my projects still.

Apologies if this isn't enough information, can provide more when I can/\.