REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE PERIOD 23 NOVEMBER 2020 TO 31 DECEMBER 2021 |
FOR |
COALITION RISK SOLUTIONS LTD. |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE PERIOD 23 NOVEMBER 2020 TO 31 DECEMBER 2021 |
FOR |
COALITION RISK SOLUTIONS LTD. |
COALITION RISK SOLUTIONS LTD. (REGISTERED NUMBER: 13036309) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 23 NOVEMBER 2020 TO 31 DECEMBER 2021 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 3 |
COALITION RISK SOLUTIONS LTD. |
COMPANY INFORMATION |
FOR THE PERIOD 23 NOVEMBER 2020 TO 31 DECEMBER 2021 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
INDEPENDENT AUDITORS: |
Honeybourne Place |
Jessop Avenue |
Cheltenham |
Gloucestershire |
GL50 3SH |
COALITION RISK SOLUTIONS LTD. (REGISTERED NUMBER: 13036309) |
STATEMENT OF FINANCIAL POSITION |
31 DECEMBER 2021 |
Notes | £ |
CURRENT ASSETS |
Debtors: amounts falling due within one year |
4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 6 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 |
COALITION RISK SOLUTIONS LTD. (REGISTERED NUMBER: 13036309) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 23 NOVEMBER 2020 TO 31 DECEMBER 2021 |
1. | STATUTORY INFORMATION |
Coalition Risk Solutions Ltd. is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Taxation |
Taxation for the period 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 period 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. |
COALITION RISK SOLUTIONS LTD. (REGISTERED NUMBER: 13036309) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 23 NOVEMBER 2020 TO 31 DECEMBER 2021 |
2. | ACCOUNTING POLICIES - continued |
Going concern |
The directors have sought and received response from the parent company that financial support will be forthcoming for the next 12 months. On this basis, the director continues to adopt the going concern basis of accounting in preparing the annual financial statements. |
Debtors |
Short term debtors are measured at transaction price, less any impairment. |
Cash and cash equivalents |
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on Debtors. |
Creditors |
Short term creditors are measured at the transaction price. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Amounts owed by group undertakings |
VAT |
Prepayments |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
Corporation tax |
Accrued expenses |
6. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
Ordinary Shares | £1 | 1,000 |
COALITION RISK SOLUTIONS LTD. (REGISTERED NUMBER: 13036309) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 23 NOVEMBER 2020 TO 31 DECEMBER 2021 |
7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Auditors' Report was unqualified. |
for and on behalf of |
8. | RELATED PARTY DISCLOSURES |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', Section 33.1A, not to disclose related party transactions with wholly owned members within the group. |
9. | ULTIMATE CONTROLLING PARTY |
The company is a wholly owned subsidiary of Coalition, Inc. a company organized in Delaware, USA. |
The smallest and largest group in which the results of the company are consolidated is that headed by Coalition, Inc. The consolidated financial statements may be obtained from their address at 1160 Battery Street, Suite 350, San Francisco, CA 94111, USA |