Caseware UK (AP4) 2023.0.135 2023.0.135 4falsefalse4true2023-03-01No description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. NI643951 2023-03-01 2024-02-29 NI643951 2022-03-01 2023-02-28 NI643951 2024-02-29 NI643951 2023-02-28 NI643951 c:Director3 2023-03-01 2024-02-29 NI643951 d:CurrentFinancialInstruments 2024-02-29 NI643951 d:CurrentFinancialInstruments 2023-02-28 NI643951 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 NI643951 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 NI643951 d:ShareCapital 2024-02-29 NI643951 d:ShareCapital 2023-02-28 NI643951 d:RetainedEarningsAccumulatedLosses 2024-02-29 NI643951 d:RetainedEarningsAccumulatedLosses 2023-02-28 NI643951 c:FRS102 2023-03-01 2024-02-29 NI643951 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 NI643951 c:FullAccounts 2023-03-01 2024-02-29 NI643951 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 NI643951 e:PoundSterling 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure

Registered number: NI643951










Rischio Ltd








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 29 February 2024

 
Rischio Ltd
Registered number: NI643951

Balance sheet
As at 29 February 2024

29 February
28 February
2024
2023
Note
£
£

  

Current assets
  

Stocks
 5 
518,269
401,627

Debtors: amounts falling due within one year
 6 
100
100

Cash at bank and in hand
 7 
47,210
3,207

  
565,579
404,934

Creditors: amounts falling due within one year
 8 
(386,483)
(315,359)

Net current assets
  
 
 
179,096
 
 
89,575

Total assets less current liabilities
  
179,096
89,575

  

Net assets
  
179,096
89,575


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
178,996
89,475

  
179,096
89,575


img70d1.png
Page 1

 
Rischio Ltd
Registered number: NI643951

Balance sheet (continued)
As at 29 February 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 12 November 2024.




Mr P Burns
Director

The notes on pages 3 to 5 form part of these financial statements.

img5313.png
Page 2

 
Rischio Ltd
 

 
Notes to the financial statements
For the year ended 29 February 2024

1.


General information

Rischio Ltd is a private company limited by shares incorporated in Northern Ireland on 15 February 2017.  The registration number and address of the registered office are given in the company information section of these financial statements.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

img010f.png
Page 3

 
Rischio Ltd
 

 
Notes to the financial statements
For the year ended 29 February 2024

2.Accounting policies (continued)

 
2.4

Stocks

Stocks comprise of development lands stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase.  
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Going concern

The directors of Rischio Ltd have reviewed the resources available and believe that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, Rischio Ltd continue to adopt the going concern basis in preparaing the financial statements. 


4.


Employees




The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Directors
4
4

img73c4.png
Page 4

 
Rischio Ltd
 

 
Notes to the financial statements
For the year ended 29 February 2024

5.


Stocks

29 February
28 February
2024
2023
£
£

Work in progress (goods to be sold)
518,269
401,627

518,269
401,627



6.


Debtors

29 February
28 February
2024
2023
£
£


Other debtors
100
100

100
100



7.


Cash and cash equivalents

29 February
28 February
2024
2023
£
£

Cash at bank and in hand
47,210
3,207

47,210
3,207



8.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Amounts owed to group undertakings
46,570
2,040

Corporation tax
26,363
-

Other creditors
312,000
312,000

Accruals and deferred income
1,550
1,319

386,483
315,359



img74d6.png
Page 5