| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| FOR |
| FINANCIAL RISK CONSULTANTS LIMITED |
| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| FOR |
| FINANCIAL RISK CONSULTANTS LIMITED |
| FINANCIAL RISK CONSULTANTS LIMITED (REGISTERED NUMBER: 02286143) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| FINANCIAL RISK CONSULTANTS LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 9 Berners Place |
| London |
| W1T 3AD |
| FINANCIAL RISK CONSULTANTS LIMITED (REGISTERED NUMBER: 02286143) |
| BALANCE SHEET |
| 30 SEPTEMBER 2024 |
| 2024 | 2023 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 8 | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Fair value reserve | 10 |
| Retained earnings | 10 |
| SHAREHOLDERS' FUNDS |
| 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. |
| FINANCIAL RISK CONSULTANTS LIMITED (REGISTERED NUMBER: 02286143) |
| BALANCE SHEET - continued |
| 30 SEPTEMBER 2024 |
| The financial statements were approved by the director and authorised for issue on |
| FINANCIAL RISK CONSULTANTS LIMITED (REGISTERED NUMBER: 02286143) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 1. | STATUTORY INFORMATION |
| Financial Risk Consultants Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents the commission receivable from specialist credit and general insurance broking. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Computer equipment | - |
| 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. |
| Listed investments |
| (a) The company's listed investment were valued on an open market basis. |
| (b) The historical cost of listed investments is £90,000. |
| (c) Listed investment is included at market 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. |
| The gain less the deferred tax is reflected under Fair value reserve in the Balance sheet. |
| FINANCIAL RISK CONSULTANTS LIMITED (REGISTERED NUMBER: 02286143) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2023 - NIL). |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and | Computer |
| fittings | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1 October 2023 |
| and 30 September 2024 |
| DEPRECIATION |
| At 1 October 2023 |
| and 30 September 2024 |
| NET BOOK VALUE |
| At 30 September 2024 |
| At 30 September 2023 |
| 5. | FIXED ASSET INVESTMENTS |
| 2024 | 2023 |
| £ | £ |
| Other investments not loans |
| Additional information is as follows: |
| Listed |
| investments |
| £ |
| COST OR VALUATION |
| At 1 October 2023 |
| Revaluations |
| At 30 September 2024 |
| NET BOOK VALUE |
| At 30 September 2024 |
| At 30 September 2023 |
| FINANCIAL RISK CONSULTANTS LIMITED (REGISTERED NUMBER: 02286143) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 5. | FIXED ASSET INVESTMENTS - continued |
| Cost or valuation at 30 September 2024 is represented by: |
| Listed |
| investments |
| £ |
| Valuation in 2018 | 2,180 |
| Valuation in 2019 | 167 |
| Valuation in 2020 | 4,198 |
| Valuation in 2021 | 19,679 |
| Valuation in 2022 | (30,504 | ) |
| Valuation in 2023 | 6,299 |
| Valuation in 2024 | 14,631 |
| Cost | 90,000 |
| 106,650 |
| Gold cost or valuation at 30 September 2024 is represented by: Gold Bullion |
| Totals |
| £ |
| Cost | 21,700 |
| Valuation 2016 | +11,044 |
| Valuation 2017 | -17,210 |
| Valuation 2018 | -963 |
| Valuation 2019 | +4,854 |
| Valuation 2020 | +4,182 |
| Valuation 2021 | -2830 |
| Valuation 2022 | +3,223 |
| Valuation 2023 | +310 |
| Valuation 2024 | +7,275 |
| 31,585 |
| Investments (neither listed nor unlisted) were as follows: |
| 2024 | 2023 |
| £ | £ |
| Brought forward | 24,310 | 24,000 |
| Revaluation | 7,275 | 310 |
| 31,585 | 24,310 |
| FINANCIAL RISK CONSULTANTS LIMITED (REGISTERED NUMBER: 02286143) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Other debtors | 10,000 | 10,000 |
| Directors' current accounts | 40,877 | 50,488 |
| Corporation tax recoverable |
| Prepayments |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Corporation tax |
| Other creditors |
| Accrued expenses |
| 8. | PROVISIONS FOR LIABILITIES |
| 2024 | 2023 |
| £ | £ |
| Deferred tax |
| Revaluation listed investments |
| Deferred |
| tax |
| £ |
| Balance at 1 October 2023 |
| Provided during year |
| Balance at 30 September 2024 |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted and issued: |
| Number: | Class: | Nominal | 2024 | 2023 |
| value: | £ | £ |
| Ordinary | £1 | 1,000 | 1,000 |
| FINANCIAL RISK CONSULTANTS LIMITED (REGISTERED NUMBER: 02286143) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 10. | RESERVES |
| Fair |
| Retained | value |
| earnings | reserve | Totals |
| £ | £ | £ |
| At 1 October 2023 | 387,192 |
| Profit for the year |
| Dividends | ( |
) | ( |
) |
| Revaluation | (17,744 | ) | 17,744 | - |
| At 30 September 2024 | 396,882 |
| 11. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023: |
| 2024 | 2023 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| Interest of £899.49 was paid during the year. |
| 12. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling party is |