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FUTURE RISK SOLUTIONS LIMITED

Registered Number
14509454
(England and Wales)

Unaudited Financial Statements for the Period ended
30 November 2023

FUTURE RISK SOLUTIONS LIMITED
Company Information
for the period from 28 November 2022 to 30 November 2023

Directors

BENAYOUN, Adam
DANILA, Ionela Roxana
KARP, Hugh
TAN, Ricky Kian San

Company Secretary

KARP, Hugh

Registered Address

71-75 Shelton Street
Covent Garden
London
WC2H 9JQ

Registered Number

14509454 (England and Wales)
FUTURE RISK SOLUTIONS LIMITED
Balance Sheet as at
30 November 2023

Notes

2023

£

£

Fixed assets
Intangible assets313,585
Tangible assets41,059
14,644
Current assets
Debtors51,157
Cash at bank and on hand3,233,109
3,234,266
Creditors amounts falling due within one year6(50,602)
Net current assets (liabilities)3,183,664
Total assets less current liabilities3,198,308
Net assets3,198,308
Capital and reserves
Called up share capital10
Share premium4,065,001
Profit and loss account(866,703)
Shareholders' funds3,198,308
The financial statements were approved and authorised for issue by the Board of Directors on 20 August 2024, and are signed on its behalf by:
KARP, Hugh
Director
Registered Company No. 14509454
FUTURE RISK SOLUTIONS LIMITED
Notes to the Financial Statements
for the period ended 30 November 2023

1.Accounting policies
Statutory information
Future Risk Solutions is a private company, limited by shares, and incorporated in England and Wales (registration number: 14509454). The registered office is 71-75 Shelton Street, Covent Garden, London, United Kingdom, WC2H 9JQ
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Cryptocurrency assets
Cryptocurrency assets (under IAS 38) are recorded as intangible assets and can be measured at either cost or revaluation. Intangible assets comprise primarily of cryptocurrency and other digital assets. Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. Intangible assets consisting of cryptocurencies and other digital assets held for investment are determined to have an indefinite useful economic life. These assets are therefore not amortised but reviewed and tested for impairment on a regular basis.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Office Equipment3
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
2.Average number of employees

2023
Average number of employees during the year2
3.Intangible assets

Other

Total

££
Cost or valuation
Additions13,58813,588
Disposals(3)(3)
At 30 November 2313,58513,585
Net book value
At 30 November 2313,58513,585
At 27 November 22--
4.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
Additions1,1811,181
At 30 November 231,1811,181
Depreciation and impairment
Charge for year122122
At 30 November 23122122
Net book value
At 30 November 231,0591,059
At 27 November 22--
5.Debtors: amounts due within one year

2023

£
Other debtors1,157
Total1,157
6.Creditors: amounts due within one year

2023

£
Other creditors1,938
Accrued liabilities and deferred income48,664
Total50,602
7.Share capital
Upon incorporation of the company, 30,000 ordinary shares were issued with a nominal value of $3.00. During the financial year, 8,823 series seed shares were issued with a nominal value of $0.001.