Registered number: 11124356
OPTIMAL RISK TRAINING LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 30 JUNE 2024
|
OPTIMAL RISK TRAINING LIMITED
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF OPTIMAL RISK TRAINING LIMITED
FOR THE YEAR ENDED 30 JUNE 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Optimal Risk Training Limited for the year ended 30 June 2024 which comprise and the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.
This report is made solely to the Board of directors of Optimal Risk Training Limited, as a body, in accordance with the terms of our engagement letter dated 16th March 20. Our work has been undertaken solely to prepare for your approval the financial statements of Optimal Risk Training Limited and state those matters that we have agreed to state to the Board of directors of Optimal Risk Training Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Optimal Risk Training Limited and its Board of directors, as a body, for our work or for this report.
It is your duty to ensure that Optimal Risk Training Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Optimal Risk Training Limited. You consider that Optimal Risk Training Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or review of the financial statements of Optimal Risk Training Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
The Wiggin Partnership Ltd
Chartered Accountants
Reading Business Centre
Fountain House
2 Queens Walk
Reading
Berkshire
RG1 7QF
28 March 2025
|
OPTIMAL RISK TRAINING LIMITED
REGISTERED NUMBER: 11124356
BALANCE SHEET
AS AT 30 JUNE 2024
|
|
|
|
|
Called up share capital not paid
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due within one year
|
|
|
|
|
|
|
|
|
|
Total assets less current liabilities
|
|
|
|
|
Creditors: amounts falling due after more than one year
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OPTIMAL RISK TRAINING LIMITED
REGISTERED NUMBER: 11124356
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024
Notes
Optimal Risk Training Limited (registered number 11124356) a company limited by shares, is incorporated and domiciled in England and Wales and has its registered office at Reading Business Centre, Fountain House, 2 Queens Walk, Reading, RG1 7QF.
Average number of employees
|
The average monthly number of employees, including directors, during the year was 0 (2023 - 0).
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.
These financial statements have been prepared in accordance with the provisions applicable to entities subject to the micro-entities' regime.
The financial statements have been delivered in accordance with the 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 28 March 2025.
|
OPTIMAL RISK TRAINING LIMITED
REGISTERED NUMBER: 11124356
|
|
Computer and office equipment
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Charge for the year on owned assets
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Called up share capital not paid
|
|
|
|
Prepayments and accrued income
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OPTIMAL RISK TRAINING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
|
Creditors: Amounts falling due within one year
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accruals and deferred income
|
|
|
|
|
|
|
|
|
|
|
|
Creditors: Amounts falling due after more than one year
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OPTIMAL RISK TRAINING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
|
|
|
Analysis of the maturity of loans is given below:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amounts falling due within one year
|
|
|
|
|
|
|
|
|
|
|
|
Amounts falling due 1-2 years
|
|
|
|
|
|
|
|
|
|
|
|
Amounts falling due 2-5 years
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Related party transactions
|
|
During the year the company recevied the following advances from MR M C O'Neill the directors: £NIL. The company made the following repayments durng the year to MR M C O'Neill: £20,000. At the balance sheet date the company is owed £10,000. Interest has been charged at 2.25% and this loan is repayable on demand.
During the year the company received credit for expenses of £25,570 from Optimal Risk Group Limited, a company in which Mr M C O'Neill is both a director and shareholder. At the balance sheet date the intercompany balance owed to Optimal Risk Group Limited was £387,360.
During the year the company incurred an invoice in relation to management support expenses of £61,200 from Optimal Risk Group Ltd, a company in which MR M C O'Neill is both a director and shareholder.
|
|
Post balance sheet events
|
After the close of the financial year, an ongoing project which has been recorded on the balance sheet within each financial period has ceased. As a result, the capital expenditure will be written-off within the profit and loss account in the next financial year.
|
|