Caseware UK (AP4) 2022.0.179 2022.0.179 44falsefalsetrue2022-03-01No description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. NI643951 2022-03-01 2023-02-28 NI643951 2021-03-01 2022-02-28 NI643951 2023-02-28 NI643951 2022-02-28 NI643951 c:Director3 2022-03-01 2023-02-28 NI643951 d:CurrentFinancialInstruments 2023-02-28 NI643951 d:CurrentFinancialInstruments 2022-02-28 NI643951 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 NI643951 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 NI643951 d:ShareCapital 2023-02-28 NI643951 d:ShareCapital 2022-02-28 NI643951 d:RetainedEarningsAccumulatedLosses 2023-02-28 NI643951 d:RetainedEarningsAccumulatedLosses 2022-02-28 NI643951 c:FRS102 2022-03-01 2023-02-28 NI643951 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 NI643951 c:FullAccounts 2022-03-01 2023-02-28 NI643951 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 NI643951 2 2022-03-01 2023-02-28 iso4217:GBP xbrli:pure

Registered number: NI643951










Rischio Ltd








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 28 February 2023

 
Rischio Ltd
Registered number: NI643951

Balance sheet
As at 28 February 2023

2023
2022
Note
£
£

  

Current assets
  

Stocks
 5 
401,627
400,505

Debtors: amounts falling due within one year
 6 
100
100

Cash at bank and in hand
 7 
3,207
4,359

  
404,934
404,964

Creditors: amounts falling due within one year
 8 
(315,359)
(314,040)

Net current assets
  
 
 
89,575
 
 
90,924

Total assets less current liabilities
  
89,575
90,924

  

Net assets
  
89,575
90,924


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
89,475
90,824

  
89,575
90,924


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Rischio Ltd
Registered number: NI643951

Balance sheet (continued)
As at 28 February 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 October 2023.




Mr P Burns
Director

The notes on pages 3 to 6 form part of these financial statements.

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Rischio Ltd
 

 
Notes to the financial statements
For the year ended 28 February 2023

1.


General information

Rischio Ltd is a private company limited by shares incorporated in Northern Ireland on 15 February 2017.  The registration number and address of the registered office are given in the company information section of these financial statements.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.3

Stocks

Stocks comprise of development lands stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase.  
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Financial instruments

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Basic financial assets

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Rischio Ltd
 

 
Notes to the financial statements
For the year ended 28 February 2023

2.Accounting policies (continued)


2.7
Financial instruments (continued)

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Going concern

The directors of Rischio Ltd have reviewed the resources available and believe that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, Rischio Ltd continue to adopt the going concern basis in preparaing the financial statements. 

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Rischio Ltd
 

 
Notes to the financial statements
For the year ended 28 February 2023

4.


Employees

The average monthly number of employees, including directors, during the year was 4 (2022 - 4).

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Rischio Ltd
 

 
Notes to the financial statements
For the year ended 28 February 2023

5.


Stocks

2023
2022
£
£

Work in progress (goods to be sold)
401,627
400,505

401,627
400,505



6.


Debtors

2023
2022
£
£


Other debtors
100
100

100
100



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
3,207
4,359

3,207
4,359



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
2,040
-

Other creditors
312,000
312,000

Accruals and deferred income
1,319
2,040

315,359
314,040



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