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REGISTERED NUMBER: 11635142 (England and Wales)















Report of the Directors and


Abridged Financial Statements for the Year Ended 31 October 2023

for

Titan Risk Management Ltd

Titan Risk Management Ltd (Registered number: 11635142)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Report of the Directors 2

Abridged Balance Sheet 3

Notes to the Financial Statements 5


Titan Risk Management Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTORS: S McHardy
L Warner
M Roberts





REGISTERED OFFICE: Unit15 (1) C Springfield Mills
Bagley Lane
Farsley
Pudsey
West Yorkshire
LS28 5LY





REGISTERED NUMBER: 11635142 (England and Wales)





ACCOUNTANTS: TH Accounting Solutions
Suite 3
Turner Business Centre
Greengate
Middleton
Greater Manchester
M24 1RU

Titan Risk Management Ltd (Registered number: 11635142)

Report of the Directors
for the Year Ended 31 October 2023

The directors present their report with the financial statements of the company for the year ended 31 October 2023.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 November 2022 to the date of this report.

S McHardy
L Warner

Other changes in directors holding office are as follows:

M Roberts - appointed 18 July 2023

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





S McHardy - Director


15 July 2024

Titan Risk Management Ltd (Registered number: 11635142)

Abridged Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 230,428 115,939

CURRENT ASSETS
Debtors 423,726 379,990
Cash at bank 245,249 178,805
668,975 558,795
CREDITORS
Amounts falling due within one year 624,207 476,299
NET CURRENT ASSETS 44,768 82,496
TOTAL ASSETS LESS CURRENT
LIABILITIES

275,196

198,435

CREDITORS
Amounts falling due after more than one
year

249,636

105,241
NET ASSETS 25,560 93,194

CAPITAL AND RESERVES
Called up share capital 5 100 100
Retained earnings 25,460 93,094
SHAREHOLDERS' FUNDS 25,560 93,194

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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.

Titan Risk Management Ltd (Registered number: 11635142)

Abridged Balance Sheet - continued
31 October 2023


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 October 2023 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 15 July 2024 and were signed on its behalf by:




S McHardy - Director



L Warner - Director


Titan Risk Management Ltd (Registered number: 11635142)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Titan 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.

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

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.

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 286 (2022 - 172 ) .

Titan Risk Management Ltd (Registered number: 11635142)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2022 167,462
Additions 294,599
Disposals (136,052 )
At 31 October 2023 326,009
DEPRECIATION
At 1 November 2022 51,523
Charge for year 79,070
Eliminated on disposal (35,012 )
At 31 October 2023 95,581
NET BOOK VALUE
At 31 October 2023 230,428
At 31 October 2022 115,939

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
100 Ordinary 1 100 100

6. ULTIMATE CONTROLLING PARTY

The company is under the control of the director by his shareholding.