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REGISTERED NUMBER: 09217750 (England and Wales)











Financial Statements

for the Year Ended 31 December 2021

for

STONEHATCH RISK SOLUTIONS LIMITED

STONEHATCH RISK SOLUTIONS LIMITED (REGISTERED NUMBER: 09217750)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


STONEHATCH RISK SOLUTIONS LIMITED

Company Information
for the Year Ended 31 December 2021







DIRECTORS: Mr R D E Lloyd
Mr D J Rees
Mr C J J Williamson
Mrs S L Young





REGISTERED OFFICE: 12th Floor
30 St. Mary Axe
London
EC3A 8BF





REGISTERED NUMBER: 09217750 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

STONEHATCH RISK SOLUTIONS LIMITED (REGISTERED NUMBER: 09217750)

Abridged Balance Sheet
31 December 2021

31.12.21 31.12.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,022 625

CURRENT ASSETS
Debtors 1,064,329 788,903
Cash at bank 1,137,192 1,220,655
2,201,521 2,009,558
CREDITORS
Amounts falling due within one year 509,215 428,979
NET CURRENT ASSETS 1,692,306 1,580,579
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,695,328

1,581,204

CAPITAL AND RESERVES
Called up share capital 100,000 100,000
Retained earnings 1,595,328 1,481,204
SHAREHOLDERS' FUNDS 1,695,328 1,581,204

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.

STONEHATCH RISK SOLUTIONS LIMITED (REGISTERED NUMBER: 09217750)

Abridged 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2021 in accordance with Section 444(2A) of the Companies Act 2006.

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 14 September 2022 and were signed on its behalf by:





Mr C J J Williamson - Director


STONEHATCH RISK SOLUTIONS LIMITED (REGISTERED NUMBER: 09217750)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

Stonehatch Risk Solutions 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 presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover comprises brokerage and fees received for services provided. Insurance brokerage is recognised in full in the month when the policy concerned is incepted. Brokerage for policies written prior to the balance sheet date but incepting after the balance sheet date is deferred until the inception date.

Profit commission arising from the placement of insurance contracts is recognised when the right to such profit commission is established through a contract, but only to the extent that a reliable estimate of the amount due can be made. Such estimates are made on a prudent basis that reflects the level of uncertainty involved.

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 fittings - 33% on cost
Computer equipment - 33% on cost

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.

STONEHATCH RISK SOLUTIONS LIMITED (REGISTERED NUMBER: 09217750)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Financial instruments
The company only enters into a basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks, and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Short term debtors are measured at the transaction price, less impairment. Short term creditors are measured at the transaction price.

Financial assets that are measured at cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit & loss account.

An impairment loss is measured as the difference between an asset carrying amount and best estimate, which is approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to offset the recognised amounts and there is an intention to settle on net basis or to realise the asset and settle the liability simultaneously.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2020 - 10 ) .

STONEHATCH RISK SOLUTIONS LIMITED (REGISTERED NUMBER: 09217750)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2021 6,126
Additions 3,126
Disposals (5,444 )
At 31 December 2021 3,808
DEPRECIATION
At 1 January 2021 5,501
Charge for year 729
Eliminated on disposal (5,444 )
At 31 December 2021 786
NET BOOK VALUE
At 31 December 2021 3,022
At 31 December 2020 625

5. ULTIMATE CONTROLLING PARTY

The controlling party is Mr C J J Williamson.