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REGISTERED NUMBER: 08106753 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

PARAMOUNT RISK MANAGEMENT LIMITED

PARAMOUNT RISK MANAGEMENT LIMITED (REGISTERED NUMBER: 08106753)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PARAMOUNT RISK MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: T J Roberts





REGISTERED OFFICE: No3 Siskin Drive
Middlemarch Business Park
Coventry
Warwickshire
CV3 4FJ





REGISTERED NUMBER: 08106753 (England and Wales)





ACCOUNTANTS: Askews Chartered Certified Accountants
5 The Quadrant
Coventry
West Midlands
CV1 2EL

PARAMOUNT RISK MANAGEMENT LIMITED (REGISTERED NUMBER: 08106753)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 80,272 29,522

CURRENT ASSETS
Debtors 5 627,270 167,520

CREDITORS
Amounts falling due within one year 6 673,204 216,230
NET CURRENT LIABILITIES (45,934 ) (48,710 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

34,338

(19,188

)

CREDITORS
Amounts falling due after more than one
year

7

(51,117

)

(45,232

)

PROVISIONS FOR LIABILITIES (9,643 ) -
NET LIABILITIES (26,422 ) (64,420 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (26,522 ) (64,520 )
(26,422 ) (64,420 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

PARAMOUNT RISK MANAGEMENT LIMITED (REGISTERED NUMBER: 08106753)

BALANCE SHEET - continued
30 JUNE 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 March 2025 and were signed by:





T J Roberts - Director


PARAMOUNT RISK MANAGEMENT LIMITED (REGISTERED NUMBER: 08106753)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Paramount Risk Management Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Going concern
At 30 June 2024 the company had net liabilities of £26,422 (2023; £64,420). Based on future forecasted profits and the continuing support of the company's bank the director is of the opinion the company is a going concern, the accounts have been prepared on this basis.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

PARAMOUNT RISK MANAGEMENT LIMITED (REGISTERED NUMBER: 08106753)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


4. FIXED ASSET INVESTMENTS
Shares in
group Listed
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1 July 2023 272 29,250 29,522
Revaluations - 50,750 50,750
At 30 June 2024 272 80,000 80,272
NET BOOK VALUE
At 30 June 2024 272 80,000 80,272
At 30 June 2023 272 29,250 29,522

Cost or valuation at 30 June 2024 is represented by:

Shares in
group Listed
undertakings investments Totals
£    £    £   
Valuation in 2024 272 80,000 80,272

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 482,915 167,480
Other debtors 144,355 40
627,270 167,520

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 5,893
Trade creditors - 1,590
Amounts owed to group undertakings 456,294 140,749
Other creditors 216,910 67,998
673,204 216,230

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 51,117 45,232

PARAMOUNT RISK MANAGEMENT LIMITED (REGISTERED NUMBER: 08106753)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
T J Roberts
Balance outstanding at start of year (27,449 ) (27,499 )
Amounts advanced 171,814 50
Amounts repaid (50 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 144,315 (27,449 )

9. RELATED PARTY DISCLOSURES

Exchequer Risk Management Limited, a company under mutual control, was due £400,674 from Paramount Risk Management Limited at the balance sheet date.

Sportshield Limited, a company under mutual control, owed Paramount Risk Management
Limited £105,290 at the balance sheet date.

Exchequer Underwriting Limited, a company under mutual control, owed Paramount Risk Management Limited £33,129 at the balance sheet date.

Future Power Generation Limited, a company under mutual control, owed Paramount RiskManagement Limited £73,324 at the balance sheet date.

Hilton Thompson Limited, a company under mutual control, was due £51,497 from Paramount Risk Management Limited at the balance sheet date.

TRS1 Limited, a company under mutual control, owed Paramount Risk Management Limited £196,487 at the balance sheet date.

Exchequer Risk Management FX Limited, a company under mutual control, owed Paramount Risk Management Limited £762.54 at the balance sheet date.

Thompson Roberts Claims Consulting Limited, a company under mutual control, owed Paramount Risk Management Limited £70,261.44 at the balance sheet date.

Exchequer Wealth Management Limited, a company under mutual control, owed Paramount Risk Management Limited £1,127 at the balance sheet date.

Viridis Technology Systems Limited, a company under mutual control, owed Paramount Risk Management Limited £60 at the balance sheet date.

TRS2 Limited, a company under mutual control, was due £4,123 from Paramount Risk Management Limited at the balance sheet date.

Exchequer Wills & Estate Planning Systems Limited, a company under mutual control, owed Paramount Risk Management Limited £2,474 at the balance sheet date.