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REGISTERED NUMBER: 10874033 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 December 2021

for

RISK ADVISORY EUROPE LIMITED

RISK ADVISORY EUROPE LIMITED (REGISTERED NUMBER: 10874033)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RISK ADVISORY EUROPE LIMITED

Company Information
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTORS: T J Keast
G E Griffiths
M Chadwick





REGISTERED OFFICE: Bath House
6-8 Bath Street
Redcliffe
Bristol
BS1 6HL





REGISTERED NUMBER: 10874033 (England and Wales)





ACCOUNTANTS: Haines Watts
Chartered Accountants
6-8 Bath Street
Bristol
BS1 6HL

RISK ADVISORY EUROPE LIMITED (REGISTERED NUMBER: 10874033)

Balance Sheet
31 DECEMBER 2021

2021 2020
Notes £    £   
FIXED ASSETS
Tangible assets 4 11,308 2,251

CURRENT ASSETS
Debtors 5 340,864 273,025
Cash at bank 794,410 537,210
1,135,274 810,235
CREDITORS
Amounts falling due within one year 6 (461,043 ) (204,281 )
NET CURRENT ASSETS 674,231 605,954
TOTAL ASSETS LESS CURRENT
LIABILITIES

685,539

608,205

CREDITORS
Amounts falling due after more than one
year

7

-

(160,000

)
NET ASSETS 685,539 448,205

CAPITAL AND RESERVES
Called up share capital 8 10,370 10,370
Share premium 33,600 33,600
Retained earnings 641,569 404,235
685,539 448,205

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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.

RISK ADVISORY EUROPE LIMITED (REGISTERED NUMBER: 10874033)

Balance Sheet - continued
31 DECEMBER 2021


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 Profit and loss account has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 2 September 2022 and were signed on its behalf by:




M Chadwick - Director



T J Keast - Director


RISK ADVISORY EUROPE LIMITED (REGISTERED NUMBER: 10874033)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2021


1. COMPANY INFORMATION

Risk Advisory 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 company's principal activities and nature of its operations are disclosed in the Directors' Report.

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" ("FRS 102") and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.

Going concern

The financial statements have been prepared on a going concern basis. The directors have a reasonable expectation that despite the adverse effects COVID-19 is having on the economy as a whole, the company has adequate resources to continue in operational existence for the foreseeable future. The directors have reviewed relevant information and has considered possible measures that could be undertaken to mitigate the current adverse conditions. Based on this assessment and the current resources available, the directors have concluded that they can continue to adopt the going concern basis in preparing the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales related taxes.

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

Fixtures and figures - 7 years straight line
Computer equipment - 3 years straight line

RISK ADVISORY EUROPE LIMITED (REGISTERED NUMBER: 10874033)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2021


2. ACCOUNTING POLICIES - continued

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

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. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


Basic financial assets, which include trade and other debtors, amounts due from group undertakings and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.


Basic financial liabilities, including trade and other creditors and amounts due to group undertakings 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. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

RISK ADVISORY EUROPE LIMITED (REGISTERED NUMBER: 10874033)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2021


2. ACCOUNTING POLICIES - continued

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 13 (2020 - 13 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2021 259 15,844 16,103
Additions 987 15,068 16,055
At 31 December 2021 1,246 30,912 32,158
DEPRECIATION
At 1 January 2021 159 13,693 13,852
Charge for year 415 6,583 6,998
At 31 December 2021 574 20,276 20,850
NET BOOK VALUE
At 31 December 2021 672 10,636 11,308
At 31 December 2020 100 2,151 2,251

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 226,594 215,169
Prepayments and accrued income 114,270 57,856
340,864 273,025

RISK ADVISORY EUROPE LIMITED (REGISTERED NUMBER: 10874033)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2021


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Other loans 49,263 6,917
Trade creditors 118,361 32,467
Tax 69,934 43,862
Social security and other taxes 32,136 27,166
VAT 43,642 72,233
Other creditors 1,581 1,315
Directors' current accounts 141,851 16,396
Accruals and deferred income 4,275 3,925
461,043 204,281

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Other loans - 1-2 years - 40,000
Directors' loan accounts - 120,000
- 160,000

8. CALLED UP SHARE CAPITAL

Allotted, issued
and fully paid:

Number: Class: Nominal Value: 2021 2020
£ £    £   
1,225 A Ordinary 1 1,225 1,225
1,225 B Ordinary 1 1,225 1,225
1,225 C Ordinary 1 1,225 1,225
1,225 D Ordinary 1 1,225 1,225
1,100 E Ordinary 1 1,100 1,100
1,100 F Ordinary 1 1,100 1,100
895 G Ordinary 1 895 895
895 H Ordinary 1 895 895
370 J Ordinary 1 370 370
370 K Ordinary 1 370 370
370 L Ordinary 1 370 370
370 M Ordinary 1 370 370
10,370 10,370

9. FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £17,986 (2020: £27,986)