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Company Registration No. 03361553 (England and Wales)
Risk Capital Limited Unaudited accounts for the year ended 29 April 2024
Risk Capital Limited Unaudited accounts Contents
Page
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Risk Capital Limited Company Information for the year ended 29 April 2024
Director
Luke Johnson
Company Number
03361553 (England and Wales)
Registered Office
6 Junction Mews London W2 1PN England
Accountants
Turl & Co Ltd Unit 1, The Park Spring Lane South Malvern Worcestershire WR14 1AT
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Risk Capital Limited Statement of financial position as at 29 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,534 
4,077 
Investment property
594,149 
594,149 
597,683 
598,226 
Current assets
Debtors
138,266 
141,338 
Cash at bank and in hand
163,710 
14,468 
301,976 
155,806 
Creditors: amounts falling due within one year
(3,628,375)
(3,083,215)
Net current liabilities
(3,326,399)
(2,927,409)
Net liabilities
(2,728,716)
(2,329,183)
Capital and reserves
Called up share capital
250,000 
250,000 
Profit and loss account
(2,978,716)
(2,579,183)
Shareholders' funds
(2,728,716)
(2,329,183)
For the year ending 29 April 2024 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 23 January 2025 and were signed on its behalf by
Luke Johnson Director Company Registration No. 03361553
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Risk Capital Limited Notes to the Accounts for the year ended 29 April 2024
1
Statutory information
Risk Capital Limited is a private company, limited by shares, registered in England and Wales, registration number 03361553. The registered office is 6 Junction Mews, London, W2 1PN, England.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Reducing Balance
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Risk Capital Limited Notes to the Accounts for the year ended 29 April 2024
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 30 April 2023
26,349 
Additions
635 
At 29 April 2024
26,984 
Depreciation
At 30 April 2023
22,272 
Charge for the year
1,178 
At 29 April 2024
23,450 
Net book value
At 29 April 2024
3,534 
At 29 April 2023
4,077 
5
Investment property
2024 
£ 
Fair value at 30 April 2023
594,149 
At 29 April 2024
594,149 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
3,048 
Accrued income and prepayments
13,599 
13,723 
Other debtors
124,667 
124,567 
138,266 
141,338 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
31,370 
- 
Trade creditors
- 
53,986 
Taxes and social security
9,379 
7,547 
Other creditors
659 
634 
Loans from directors
3,578,465 
3,011,945 
Accruals
1,084 
1,685 
Deferred income
7,418 
7,418 
3,628,375 
3,083,215 
8
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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