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Company Registration No. 06558003 (England and Wales)
Risk Finance Limited Unaudited accounts for the year ended 30 June 2023
Risk Finance Limited Unaudited accounts Contents
Page
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Risk Finance Limited Company Information for the year ended 30 June 2023
Director
Lee Savage
Company Number
06558003 (England and Wales)
Accountants
CAB Digital Accountants International House 36-38 Cornhill London EC3V 3NG
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Risk Finance Limited Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
72,336 
51,957 
Investments
117,733 
197,949 
190,069 
249,906 
Current assets
Debtors
382,890 
133,070 
Cash at bank and in hand
134,172 
61,218 
517,062 
194,288 
Creditors: amounts falling due within one year
(552,675)
(210,099)
Net current liabilities
(35,613)
(15,811)
Total assets less current liabilities
154,456 
234,095 
Creditors: amounts falling due after more than one year
(19,611)
(29,924)
Net assets
134,845 
204,171 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
134,844 
204,170 
Shareholders' funds
134,845 
204,171 
For the year ending 30 June 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 director acknowledges his 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 and authorised for issue on 15 November 2024 and were signed on its behalf by
Lee Savage Director Company Registration No. 06558003
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Risk Finance Limited Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
Risk Finance Limited is a private company, limited by shares, registered in England and Wales, registration number 06558003.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents amounts receivable for services provided during the period. Revenue from the provision of professional services is recognised as services are provided.
Tangible fixed assets and depreciation
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Motor vehicles
Three years straight line
Fixtures & fittings
Three years straight line
Computer equipment
Three years straight line
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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Risk Finance Limited Notes to the Accounts for the year ended 30 June 2023
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 July 2022
- 
18,835 
65,473 
22,906 
107,214 
Additions
45,110 
2,165 
- 
- 
47,275 
At 30 June 2023
45,110 
21,000 
65,473 
22,906 
154,489 
Depreciation
At 1 July 2022
- 
13,303 
21,824 
20,130 
55,257 
Charge for the year
- 
3,554 
21,824 
1,518 
26,896 
At 30 June 2023
- 
16,857 
43,648 
21,648 
82,153 
Net book value
At 30 June 2023
45,110 
4,143 
21,825 
1,258 
72,336 
At 30 June 2022
- 
5,532 
43,649 
2,776 
51,957 
5
Investments
Other investments 
£ 
Valuation at 1 July 2022
197,949 
Additions
1,787,442 
Fair value adjustments
(99,449)
Disposals
(1,768,209)
Valuation at 30 June 2023
117,733 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
3,606 
674 
Trade debtors
376,046 
132,396 
Accrued income and prepayments
3,238 
- 
382,890 
133,070 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,014 
9,766 
VAT
48 
(313)
Trade creditors
2,080 
8,739 
Taxes and social security
75,345 
48,672 
Other creditors
463,988 
140,735 
Accruals
1,200 
2,500 
552,675 
210,099 
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Risk Finance Limited Notes to the Accounts for the year ended 30 June 2023
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
19,611 
29,924 
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
10
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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