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Company Registration No. 10528537 (England and Wales)
OSL Risk Management Limited Unaudited accounts for the year ended 31 August 2024
OSL Risk Management Limited Unaudited accounts Contents
Page
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OSL Risk Management Limited Company Information for the year ended 31 August 2024
Directors
Johnathan Choong-Poh Mun Elvis Alexander Hernandez Perdomo Nicholas Stephen Jones Alastair Arthur David Robertson
Company Number
10528537 (England and Wales)
Registered Office
OSL House, Henry Boot Way Priory Park West Hull HU4 7DF UNITED KINGDOM
Accountants
Turpin Accounting Services Building 56 Cubaroo Cirrus Way Brough East Yorkshire HU15 1XW
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OSL Risk Management Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
445,000 
- 
Tangible assets
1,315 
- 
446,315 
- 
Current assets
Debtors
70,505 
74,074 
Cash at bank and in hand
77,389 
32,912 
147,894 
106,986 
Creditors: amounts falling due within one year
(28,049)
(8,762)
Net current assets
119,845 
98,224 
Net assets
566,160 
98,224 
Capital and reserves
Called up share capital
150 
150 
Profit and loss account
566,010 
98,074 
Shareholders' funds
566,160 
98,224 
For the year ending 31 August 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 directors acknowledge their 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 of Directors and authorised for issue on 10 February 2025 and were signed on its behalf by
Elvis Alexander Hernandez Perdomo Director Company Registration No. 10528537
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OSL Risk Management Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
OSL Risk Management Limited is a private company, limited by shares, registered in England and Wales, registration number 10528537. The registered office is OSL House, Henry Boot Way, Priory Park West, Hull, HU4 7DF, UNITED KINGDOM.
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.
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:
Plant & machinery
33% of cost
Sub Contractors
Subcontractors are part-time and based in the USA and Ghana
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 September 2023
- 
Additions
445,000 
At 31 August 2024
445,000 
Amortisation
At 1 September 2023
- 
At 31 August 2024
- 
Net book value
At 31 August 2024
445,000 
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OSL Risk Management Limited Notes to the Accounts for the year ended 31 August 2024
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 September 2023
1,689 
Additions
1,352 
At 31 August 2024
3,041 
Depreciation
At 1 September 2023
1,689 
Charge for the year
37 
At 31 August 2024
1,726 
Net book value
At 31 August 2024
1,315 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
574 
4,146 
Accrued income and prepayments
529 
526 
Other debtors
69,402 
69,402 
70,505 
74,074 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
(6,174)
(5,193)
Trade creditors
1,107 
2,490 
Amounts owed to group undertakings and other participating interests
408 
408 
Taxes and social security
25,683 
4,357 
Other creditors
6,000 
6,000 
Accruals
1,025 
700 
28,049 
8,762 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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