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Registration number: 07327529

Renewable Risk Advisers Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 May 2025

 

Renewable Risk Advisers Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

Renewable Risk Advisers Limited

(Registration number: 07327529)
Balance Sheet as at 31 May 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

771

-

Current assets

 

Debtors

5

39,662

24,175

Cash at bank and in hand

 

61,886

47,239

 

101,548

71,414

Creditors: Amounts falling due within one year

6

(22,533)

(17,775)

Net current assets

 

79,015

53,639

Net assets

 

79,786

53,639

Capital and reserves

 

Called up share capital

5,400

5,400

Share premium reserve

19,462

19,600

Retained earnings

54,924

28,639

Shareholders' funds

 

79,786

53,639

 

Renewable Risk Advisers Limited

(Registration number: 07327529)
Balance Sheet as at 31 May 2025

For the financial year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 16 July 2025
 

.........................................
M J Bullock
Director

 

Renewable Risk Advisers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of renewable energy insurance broking and consultancy services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Foreign currency transactions and balances

Profit and loss account transactions in foreign currencies are translated into sterling at the exchange rate ruling at the date of the transaction. Assets and liabilities denominated in foreign currencies are translated into sterling at the closing rates at the balance sheet date and the exchange differences are included in the profit and loss account.

Tax

The tax expense for the period comprises current tax payable.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

20% Straight line

 

Renewable Risk Advisers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 4 (2024 - 4).

 

Renewable Risk Advisers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

Additions

894

894

At 31 May 2025

894

894

Depreciation

Charge for the year

123

123

At 31 May 2025

123

123

Carrying amount

At 31 May 2025

771

771

5

Debtors

Current

2025
£

2024
£

Prepayments

38,550

24,041

Other debtors

1,112

134

 

39,662

24,175

6

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Trade creditors

8,239

-

Taxation and social security

6,478

2,329

Other creditors

7,816

15,446

22,533

17,775

 

Renewable Risk Advisers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

7

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £24,224 (2024 - £29,806).

8

Related party transactions

Summary of transactions with key management

Wind Forest Consultancy Limited (a company controlled by a former director) made consultancy charges of £12,000 (2024 - £36,523). At the balance sheet date the amount due to Wind Forest Consultancy Limited was £Nil (2024 - £3,000).

Transactions with directors

M J Bullock (director) had a loan account with the company. At the balance sheet date the amount due to M J Bullock was £727 (2024 - £727).