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REGISTERED NUMBER: 07174508 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

SP RISK SYSTEMS LIMITED

SP RISK SYSTEMS LIMITED (REGISTERED NUMBER: 07174508)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018










Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 4


SP RISK SYSTEMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2018







DIRECTOR: Mr S Parmar





REGISTERED OFFICE: 505 Pinner Road
Harrow
Middlesex
HA2 6EH





REGISTERED NUMBER: 07174508 (England and Wales)





ACCOUNTANTS: Sterling
Chartered Accountants
505 Pinner Road
Harrow
Middlesex
HA2 6EH

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
SP RISK SYSTEMS LIMITED


The following reproduces the text of the report prepared for the director in respect of the company's annual
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file
a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary
statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of SP Risk Systems Limited for the year ended 31 March 2018 which comprise the Income
Statement, Other Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and the
related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of SP Risk Systems Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of SP Risk Systems Limited and state those matters that we have agreed to state to the director of SP Risk Systems Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SP Risk Systems Limited and its director for our work or for this report.

It is your duty to ensure that SP Risk Systems Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of SP Risk Systems Limited. You consider that SP Risk Systems Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of SP Risk Systems Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Sterling
Chartered Accountants
505 Pinner Road
Harrow
Middlesex
HA2 6EH


9 November 2018

SP RISK SYSTEMS LIMITED (REGISTERED NUMBER: 07174508)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2018

31/3/18 31/3/17
Notes £ £ £ £
FIXED ASSETS
Property, plant and equipment 4 666 994

CURRENT ASSETS
Debtors 5 505,000 500,215
Cash at bank 68,813 21,148
573,813 521,363
CREDITORS
Amounts falling due within one year 6 27,893 17,858
NET CURRENT ASSETS 545,920 503,505
TOTAL ASSETS LESS CURRENT
LIABILITIES

546,586

504,499

PROVISIONS FOR LIABILITIES 7 127 199
NET ASSETS 546,459 504,300

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 546,359 504,200
SHAREHOLDERS' FUNDS 546,459 504,300

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 9 November 2018 and were signed by:



Mr S Parmar - Director


SP RISK SYSTEMS LIMITED (REGISTERED NUMBER: 07174508)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018


1. STATUTORY INFORMATION

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

Turnover
Turnover represents fees for software maintenance, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2017 - 3 ) .

SP RISK SYSTEMS LIMITED (REGISTERED NUMBER: 07174508)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018


4. PROPERTY, PLANT AND EQUIPMENT
Computer
equipment
£
COST
At 1 April 2017
and 31 March 2018 5,429
DEPRECIATION
At 1 April 2017 4,435
Charge for year 328
At 31 March 2018 4,763
NET BOOK VALUE
At 31 March 2018 666
At 31 March 2017 994

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/18 31/3/17
£ £
Amounts owed by participating interests 505,000 500,000
Other debtors - 215
505,000 500,215

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/18 31/3/17
£ £
Tax 16,121 4,027
Social security and other taxes 182 829
VAT 6,643 5,742
Directors' current accounts 3,147 5,460
Accrued expenses 1,800 1,800
27,893 17,858

7. PROVISIONS FOR LIABILITIES
31/3/18 31/3/17
£ £
Deferred tax 127 199

Deferred tax
£
Balance at 1 April 2017 199
Movement during the year (72 )
Balance at 31 March 2018 127

SP RISK SYSTEMS LIMITED (REGISTERED NUMBER: 07174508)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018


8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31/3/18 31/3/17
value: £ £
100 Ordinary Shares 1 100 100

9. RESERVES
Retained
earnings
£

At 1 April 2017 504,200
Profit for the year 68,409
Dividends (26,250 )
At 31 March 2018 546,359

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the period under review, the company paid dividends of £26,250 (2017: £25,000) to the director and his
spouse.

11. RELATED PARTY DISCLOSURES

Included within debtors falling due within one year is a balance of £505,000 (31.03.17: £500,000) due from
Parmar and Sons Property Limited, a company which director has beneficial interest. The amount is interest free
loan.

12. ULTIMATE CONTROLLING PARTY

Director is the ultimate controlling party, as he owns majority of the issued share capital.