Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-302024-06-30truefalse2023-07-01falseNo description of principal activity00The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11124356 2023-07-01 2024-06-30 11124356 2022-07-01 2023-06-30 11124356 2024-06-30 11124356 2023-06-30 11124356 c:Director1 2023-07-01 2024-06-30 11124356 d:ComputerEquipment 2023-07-01 2024-06-30 11124356 d:ComputerEquipment 2024-06-30 11124356 d:ComputerEquipment 2023-06-30 11124356 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 11124356 d:OtherPropertyPlantEquipment 2023-07-01 2024-06-30 11124356 d:OtherPropertyPlantEquipment 2024-06-30 11124356 d:OtherPropertyPlantEquipment 2023-06-30 11124356 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 11124356 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 11124356 d:CurrentFinancialInstruments 2024-06-30 11124356 d:CurrentFinancialInstruments 2023-06-30 11124356 d:Non-currentFinancialInstruments 2024-06-30 11124356 d:Non-currentFinancialInstruments 2023-06-30 11124356 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 11124356 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 11124356 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-06-30 11124356 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-06-30 11124356 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-06-30 11124356 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-06-30 11124356 c:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 11124356 c:FullAccounts 2023-07-01 2024-06-30 11124356 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 11124356 c:Micro-entities 2023-07-01 2024-06-30 11124356 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

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 20Our 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
Page 1

 
OPTIMAL RISK TRAINING LIMITED
REGISTERED NUMBER: 11124356

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
£
£


Called up share capital not paid
100
100

Fixed assets
89,438
89,415

Current assets
82,512
57,448

Creditors: amounts falling due within one year
(521,374)
(438,321)

Net current liabilities
 
 
(438,862)
 
 
(380,873)

Total assets less current liabilities
(349,324)
(291,358)

Creditors: amounts falling due after more than one year
(21,163)
(32,453)


Net liabilities
(370,487)
(323,811)



Capital and reserves
(370,487)
(323,811)


Page 2

 
OPTIMAL RISK TRAINING LIMITED
REGISTERED NUMBER: 11124356
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

Notes


General information

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.




M C O'Neill
Director

Page 3

 
OPTIMAL RISK TRAINING LIMITED
REGISTERED NUMBER: 11124356

1.


Tangible fixed assets





Computer and office equipment
Other fixed assets
Total

£
£
£



Cost or valuation


At 1 July 2023
8,060
87,474
95,534


Additions
896
247
1,143



At 30 June 2024

8,956
87,721
96,677



Depreciation


At 1 July 2023
6,119
-
6,119


Charge for the year on owned assets
1,119
-
1,119



At 30 June 2024

7,238
-
7,238



Net book value



At 30 June 2024
1,718
87,721
89,439



At 30 June 2023
1,941
87,474
89,415


2.


Debtors

2024
2023
£
£


Trade debtors
24,044
22,800

Other debtors
43,992
25,661

Called up share capital not paid
100
100

Prepayments and accrued income
1,412
1,044

69,548
49,605



3.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
13,065
7,942

13,065
7,942


Page 4

 
OPTIMAL RISK TRAINING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
9,889
9,846

Trade creditors
99,165
31,501

Other creditors
410,170
394,974

Accruals and deferred income
2,150
2,000

521,374
438,321



5.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
21,163
32,453

21,163
32,453


Page 5

 
OPTIMAL RISK TRAINING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

6.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
9,889
9,846


9,889
9,846

Amounts falling due 1-2 years

Bank loans
9,902
9,853


9,902
9,853

Amounts falling due 2-5 years

Bank loans
11,261
22,600


11,261
22,600


31,052
42,299



7.


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.


8.


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. 

 
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