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REGISTERED NUMBER: 10874033 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 December 2023

for

RISK ADVISORY EUROPE LIMITED

RISK ADVISORY EUROPE LIMITED (REGISTERED NUMBER: 10874033)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RISK ADVISORY EUROPE LIMITED

Company Information
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: T J Keast
G E Griffiths
M Chadwick





REGISTERED OFFICE: Bath House
6-8 Bath Street
Redcliffe
Bristol
BS1 6HL





REGISTERED NUMBER: 10874033 (England and Wales)





ACCOUNTANTS: Haines Watts
Chartered Accountants
6-8 Bath Street
Bristol
BS1 6HL

RISK ADVISORY EUROPE LIMITED (REGISTERED NUMBER: 10874033)

Balance Sheet
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 165,158 17,801

CURRENT ASSETS
Debtors 5 274,297 240,044
Cash at bank 564,319 805,356
838,616 1,045,400
CREDITORS
Amounts falling due within one year 6 (246,130 ) (303,419 )
NET CURRENT ASSETS 592,486 741,981
TOTAL ASSETS LESS CURRENT
LIABILITIES

757,644

759,782

PROVISIONS FOR LIABILITIES (3,189 ) -
NET ASSETS 754,455 759,782

CAPITAL AND RESERVES
Called up share capital 7 10,370 10,370
Share premium 33,600 33,600
Retained earnings 710,485 715,812
754,455 759,782

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

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

RISK ADVISORY EUROPE LIMITED (REGISTERED NUMBER: 10874033)

Balance Sheet - continued
31 DECEMBER 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 August 2024 and were signed on its behalf by:





M Chadwick - Director


RISK ADVISORY EUROPE LIMITED (REGISTERED NUMBER: 10874033)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2023


1. COMPANY INFORMATION

Risk Advisory Europe 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 company's principal activities and nature of its operations are disclosed in the Directors' Report.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.

Going concern

The financial statements have been prepared on a going concern basis. The directors have reviewed relevant information and has considered possible measures that could be undertaken to mitigate the current adverse conditions. Based on this assessment and the current resources available, the directors have concluded that they can continue to adopt the going concern basis in preparing the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales related taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - Straight line over 50 years

Fixtures and fittings - 3 years straight line
Computer equipment - 3 years straight line

RISK ADVISORY EUROPE LIMITED (REGISTERED NUMBER: 10874033)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


Basic financial assets, which include trade and other debtors, amounts due from group undertakings and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.


Basic financial liabilities, including trade and other creditors and amounts due to group undertakings are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

RISK ADVISORY EUROPE LIMITED (REGISTERED NUMBER: 10874033)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

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 12 (2022 - 12 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Long and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023 - 1,485 49,026 50,511
Additions 151,403 1,144 14,854 167,401
Disposals - - (3,716 ) (3,716 )
At 31 December 2023 151,403 2,629 60,164 214,196
DEPRECIATION
At 1 January 2023 - 997 31,713 32,710
Charge for year 3,028 790 16,226 20,044
Eliminated on disposal - - (3,716 ) (3,716 )
At 31 December 2023 3,028 1,787 44,223 49,038
NET BOOK VALUE
At 31 December 2023 148,375 842 15,941 165,158
At 31 December 2022 - 488 17,313 17,801

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 266,697 211,845
Prepayments and accrued income 7,600 28,199
274,297 240,044

RISK ADVISORY EUROPE LIMITED (REGISTERED NUMBER: 10874033)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other loans 45,387 42,025
Trade creditors 22,440 43,744
Tax 24,507 45,201
Social security and other taxes 26,581 25,801
VAT 46,818 74,110
Other creditors 4,101 1,189
Directors' current accounts 70,851 66,699
Accruals and deferred income 5,445 4,650
246,130 303,419

7. CALLED UP SHARE CAPITAL

Allotted, issued
and fully paid:

Number: Class: Nominal Value: 2022 2021
£ £    £   
1,225 A Ordinary 1 1,225 1,225
1,225 B Ordinary 1 1,225 1,225
1,225 C Ordinary 1 1,225 1,225
1,225 D Ordinary 1 1,225 1,225
1,100 E Ordinary 1 1,100 1,100
1,100 F Ordinary 1 1,100 1,100
895 G Ordinary 1 895 895
895 H Ordinary 1 895 895
370 J Ordinary 1 370 370
370 K Ordinary 1 370 370
370 L Ordinary 1 370 370
370 M Ordinary 1 370 370
10,370 10,370

8. FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to NIL (2022: £7,986)