Company Registration No. 12822184 (England and Wales)
Risk Alliance Holdings (2021) Ltd
Unaudited accounts
for the period from 1 September 2022 to 30 September 2023
Risk Alliance Holdings (2021) Ltd
Unaudited accounts
Contents
Risk Alliance Holdings (2021) Ltd
Company Information
for the period from 1 September 2022 to 30 September 2023
Directors
Benjamin Caspi
Avichayil Barak Geller
Maurice Geller
Sitki Gelman
David John Ratledge
Company Number
12822184 (England and Wales)
Registered Office
Landmark
1-3 Whittington Avenue
London
EC3V 1LE
Accountants
Master Accounting Limited
The Stables, Ashley Court
32 Main Street, Ashley
Market Harborough
Leicestershire
LE16 8HF
Risk Alliance Holdings (2021) Ltd
Statement of financial position
as at 30 September 2023
Called up share capital not paid
1,000
1,000
Investments
1,500,000
1,500,000
Cash at bank and in hand
8
-
Creditors: amounts falling due within one year
(14,064)
(13,720)
Net current liabilities
(14,056)
(13,720)
Total assets less current liabilities
1,486,944
1,487,280
Creditors: amounts falling due after more than one year
(1,500,000)
(1,500,000)
Net liabilities
(13,056)
(12,720)
Called up share capital
1,000
1,000
Profit and loss account
(14,056)
(13,720)
Shareholders' funds
(13,056)
(12,720)
For the period ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 September 2024 and were signed on its behalf by
Maurice Geller
Director
Company Registration No. 12822184
Risk Alliance Holdings (2021) Ltd
Notes to the Accounts
for the period from 1 September 2022 to 30 September 2023
Risk Alliance Holdings (2021) Ltd is a private company, limited by shares, registered in England and Wales, registration number 12822184. The registered office is Landmark, 1-3 Whittington Avenue, London, EC3V 1LE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
4
Investments
Subsidiary undertakings
Valuation at 1 September 2022
1,500,000
Valuation at 30 September 2023
1,500,000
Risk Alliance Holdings (2021) Ltd owns the shares of two insurance broking companies: RiskAlliance Direct Ltd (RAD) and Risk Alliance Solutions Ltd (RAS).
RiskAlliance Direct Ltd (RAD) had been a subject of a management buyout from RiskAlliance Group Ltd. Included in that management buyout were a number of customers of RAD which RiskAlliance Group Ltd agreed would form part of the management buyout. Those customers of RAD had been placed with insurers through, RiskAlliance Group Ltd subsidiary RiskAlliance Ltd (RAL). This process had been necessary because RAD operated on a "non-advised" basis and the customers placed by RAS (larger corporate cases) had to go through an "advised" broker. The commission and fee income generated from those customers was credited by the group to their "advised" subsidiary RAL but was business introduced and serviced by RAD and therefore was considered as RAD business and therefore included in the management buyout as a schedule of customers.
The consideration payable by Risk Alliance Holdings (2021) Ltd for the shares of RAD and the specific list of "advised" business mentioned earlier is £1,500,000.
The inclusion of a schedule of those customers in the RAD management buyout required the formation of an "advised" broker, Risk Alliance Solutions Ltd (RAS).
RAD continues to be directly regulated by The Financial Conduct Authority on a "non-advised" basis and RAS is an appointed representative of Movo Partnership Ltd, from whom it accesses an extended panel of insurers, enabling it to act in an "advised" basis.
Risk Alliance Holdings (2021) Ltd
Notes to the Accounts
for the period from 1 September 2022 to 30 September 2023
5
Creditors: amounts falling due within one year
2023
2022
Amounts owed to group undertakings and other participating interests
12,954
12,850
6
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
1,500,000
1,500,000
7
Average number of employees
During the period the average number of employees was 0 (2022: 0).