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REGISTERED NUMBER: 08106679 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

EXCHEQUER RISK MANAGEMENT LTD

EXCHEQUER RISK MANAGEMENT LTD (REGISTERED NUMBER: 08106679)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EXCHEQUER RISK MANAGEMENT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTOR: T J Roberts





REGISTERED OFFICE: No. 3 Siskin Drive
Middlemarch Business Park
Coventry
Warwickshire
CV3 4FJ





REGISTERED NUMBER: 08106679 (England and Wales)





ACCOUNTANTS: Askews Chartered Certified Accountants
5 The Quadrant
Coventry
West Midlands
CV1 2EL

EXCHEQUER RISK MANAGEMENT LTD (REGISTERED NUMBER: 08106679)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 6,491 8,981
6,491 8,981

CURRENT ASSETS
Debtors 6 852,495 975,405
Cash at bank 101,487 87,260
953,982 1,062,665
CREDITORS
Amounts falling due within one year 7 766,794 737,833
NET CURRENT ASSETS 187,188 324,832
TOTAL ASSETS LESS CURRENT
LIABILITIES

193,679

333,813

CREDITORS
Amounts falling due after more than one
year

8

111,379

87,683
NET ASSETS 82,300 246,130

CAPITAL AND RESERVES
Called up share capital 41,806 41,806
Retained earnings 40,494 204,324
82,300 246,130

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

EXCHEQUER RISK MANAGEMENT LTD (REGISTERED NUMBER: 08106679)

BALANCE SHEET - continued
30 JUNE 2023


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 director and authorised for issue on 7 March 2024 and were signed by:





T J Roberts - Director


EXCHEQUER RISK MANAGEMENT LTD (REGISTERED NUMBER: 08106679)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023


1. STATUTORY INFORMATION

Exchequer 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.

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 three 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 - 20% straight line
Computer equipment - 20% straight line

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 5 (2022 - 8 ) .

EXCHEQUER RISK MANAGEMENT LTD (REGISTERED NUMBER: 08106679)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 July 2022
and 30 June 2023 83,212
AMORTISATION
At 1 July 2022
and 30 June 2023 83,212
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 -

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 July 2022 56,680 10,807 67,487
Disposals - (532 ) (532 )
At 30 June 2023 56,680 10,275 66,955
DEPRECIATION
At 1 July 2022 56,680 1,826 58,506
Charge for year - 2,056 2,056
Eliminated on disposal - (98 ) (98 )
At 30 June 2023 56,680 3,784 60,464
NET BOOK VALUE
At 30 June 2023 - 6,491 6,491
At 30 June 2022 - 8,981 8,981

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 467,790 315,204
Amounts owed by group undertakings 339,627 656,679
Other debtors 45,078 3,522
852,495 975,405

EXCHEQUER RISK MANAGEMENT LTD (REGISTERED NUMBER: 08106679)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 27,398 25,816
Trade creditors 524,254 587,349
Amounts owed to group undertakings 79,175 18,962
Taxation and social security 129,838 64,424
Other creditors 6,129 41,282
766,794 737,833

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 111,379 87,683

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2023 and 30 June 2022:

2023 2022
£    £   
T J Roberts
Balance outstanding at start of year (36,170 ) -
Amounts advanced 162,726 95,512
Amounts repaid (95,000 ) (131,682 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 31,556 (36,170 )

EXCHEQUER RISK MANAGEMENT LTD (REGISTERED NUMBER: 08106679)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


10. RELATED PARTY DISCLOSURES

Exchequer Risk Management FX Limited, a company under mutual control, owed Exchequer Risk Management Limited £266 at the balance sheet date.

Exchequer Wealth Management Limited, a company under mutual control, owed Exchequer Risk Management Limited £840 at the balance sheet date.

Qsure Technology Limited, a company under mutual control, owed Exchequer Risk Management Limited £41 at the balance sheet date.

Paramount Risk Management Limited, a company under mutual control, owed Exchequer Risk Management Limited £140,648 at the balance sheet date.

Thompson Roberts Claims Consulting Limited, a company under mutual control, was due £17,256 from Exchequer Risk Management Limited at the balance sheet date.

Hilton Thompson Limited Limited, a company under mutual control, was due £53,701 from Exchequer Risk Management Limited at the balance sheet date.

TRS1 Limited, a company under mutual control, owed Exchequer Risk Management Limited £197,335 at the balance sheet date.

TRS2 Limited, a company under mutual control, owed Exchequer Risk Management Limited £437 at the balance sheet date.

Tremar Property Investments Limited, a company under mutual control, was due £8,218 from Exchequer Risk Management Limited at the balance sheet date.

Virdis Technology Solutions Limited, a company under mutual control, owed Exchequer Risk Management Limited £60 at the balance sheet date.