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REGISTERED NUMBER: 12077841 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

PEREGRINE RISK MANAGEMENT LTD

PEREGRINE RISK MANAGEMENT LTD (REGISTERED NUMBER: 12077841)

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


PEREGRINE RISK MANAGEMENT LTD

COMPANY INFORMATION
for the year ended 31 December 2021







DIRECTORS: Mr D Bosomworth
Mr W R Britton
Mr J A Lawrence





REGISTERED OFFICE: Suite 27, Office 100, BLOCK Plymouth
Melville, Royal William Yard
Plymouth
PL1 3RP





REGISTERED NUMBER: 12077841 (England and Wales)





ACCOUNTANTS: Pentlands Accountants and advisors Ltd
Chartered Certified Accountants
and Registered Auditors
3 & 4 Pegasus House
Pegasus Court
Olympus Avenue
Warwick
Warwickshire
CV34 6LW

PEREGRINE RISK MANAGEMENT LTD (REGISTERED NUMBER: 12077841)

BALANCE SHEET
31 December 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 700,000 9,000
Tangible assets 5 7,323 4,575
707,323 13,575

CURRENT ASSETS
Debtors 6 528,397 6,697
Cash at bank and in hand 195,270 31,340
723,667 38,037
CREDITORS
Amounts falling due within one year 7 694,201 41,058
NET CURRENT ASSETS/(LIABILITIES) 29,466 (3,021 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

736,789

10,554

CREDITORS
Amounts falling due after more than one
year

8

209,962

188,100
NET ASSETS/(LIABILITIES) 526,827 (177,546 )

CAPITAL AND RESERVES
Called up share capital 3 3
Revaluation reserve 671,390 -
Retained earnings (144,566 ) (177,549 )
526,827 (177,546 )

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.

PEREGRINE RISK MANAGEMENT LTD (REGISTERED NUMBER: 12077841)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 August 2022 and were signed on its behalf by:




Mr W R Britton - Director



Mr J A Lawrence - Director


PEREGRINE RISK MANAGEMENT LTD (REGISTERED NUMBER: 12077841)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2021


1. STATUTORY INFORMATION

Peregrine Risk Management Ltd 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 as modified by the revaluation of certain assets.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance, 15% on reducing balance and 10% on cost

Government grants
Government grants are in relation to the Coronavirus Job Retention Scheme (CJRS) whilst there was uncertainty as to what impact the pandemic would have on the business. The grant has been
recognised under accrual model and recorded under separate heading in the profit and loss as other operating income.

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 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.

PEREGRINE RISK MANAGEMENT LTD (REGISTERED NUMBER: 12077841)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2021


2. ACCOUNTING POLICIES - continued

Going concern
The Company is dependent on the continued support of the Directors. The Directors are confident that this support will continue for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2020 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST OR VALUATION
At 1 January 2021 10,000
Additions 22,900
Revaluations 671,390
At 31 December 2021 704,290
AMORTISATION
At 1 January 2021 1,000
Charge for year 3,290
At 31 December 2021 4,290
NET BOOK VALUE
At 31 December 2021 700,000
At 31 December 2020 9,000

Cost or valuation at 31 December 2021 is represented by:

Other
intangible
assets
£   
Valuation in 2021 671,390
Cost 32,900
704,290

PEREGRINE RISK MANAGEMENT LTD (REGISTERED NUMBER: 12077841)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2021


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2021 6,022
Additions 4,621
At 31 December 2021 10,643
DEPRECIATION
At 1 January 2021 1,447
Charge for year 1,873
At 31 December 2021 3,320
NET BOOK VALUE
At 31 December 2021 7,323
At 31 December 2020 4,575

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 71,495 750
Other debtors 456,902 5,947
528,397 6,697

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 11,111 6,667
Trade creditors 383,099 20,100
Taxation and social security 165,884 9,118
Other creditors 134,107 5,173
694,201 41,058

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Bank loans 37,963 43,333
Other creditors 171,999 144,767
209,962 188,100

9. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors.