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FUTURE RISK SOLUTIONS LIMITED

Registered Number
14509454
(England and Wales)

Unaudited Financial Statements for the Year ended
30 November 2024

FUTURE RISK SOLUTIONS LIMITED
Company Information
for the year from 1 December 2023 to 30 November 2024

Directors

BENAYOUN, Adam
DANILA, Ionela Roxana
KARP, Hugh
TAN, Ricky Kian San

Company Secretary

KARP, Hugh

Registered Address

71-75 Shelton Street
Covent Garden
London
WC2H 9JQ

Registered Number

14509454 (England and Wales)
FUTURE RISK SOLUTIONS LIMITED
Balance Sheet as at
30 November 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets32,665,68713,585
Tangible assets42,7941,059
2,668,48114,644
Current assets
Debtors5-1,157
Cash at bank and on hand23,6693,233,109
23,6693,234,266
Creditors amounts falling due within one year6-(50,602)
Net current assets (liabilities)23,6693,183,664
Total assets less current liabilities2,692,1503,198,308
Net assets2,692,1503,198,308
Capital and reserves
Called up share capital1010
Share premium4,065,0014,065,001
Profit and loss account(1,372,861)(866,703)
Shareholders' funds2,692,1503,198,308
The financial statements were approved and authorised for issue by the Board of Directors on 7 August 2025, and are signed on its behalf by:
KARP, Hugh
Director
Registered Company No. 14509454
FUTURE RISK SOLUTIONS LIMITED
Notes to the Financial Statements
for the year ended 30 November 2024

1.Accounting policies
Statutory information
Future Risk Solutions is a private company, limited by shares, and incorporated in England and Wales (registration number: 14509454). The registered office is 71-75 Shelton Street, Covent Garden, London, United Kingdom, WC2H 9JQ
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Revenue from rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Interest income
Interest income is recognised using the effective interest rate method.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Cryptocurrency assets
Cryptocurrency assets (under IAS 38) are recorded as intangible assets and can be measured at either cost or revaluation. Intangible assets comprise primarily of cryptocurrency and other digital assets. Intangible assets are initially recognised at cost. After recognition, under the revaluation model, cryptocurrencies shall be carried at a revalued amount, being its fair value at the date of revaluation less any subsequent accumulated amortisation and subsequent impairment losses - provided that the fair value can be determined by reference to an active market. Revaluations are made with sufficient regularity to ensure that the carrying amount does not differ materially from that which would be determined using fair value at the end of the reporting date.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Office Equipment3
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
2.Average number of employees

20242023
Average number of employees during the year22
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 December 2313,58513,585
Additions2,791,0192,791,019
Revaluations(138,917)(138,917)
At 30 November 242,665,6872,665,687
Net book value
At 30 November 242,665,6872,665,687
At 30 November 2313,58513,585
4.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 December 231,1811,181
Additions2,5922,592
At 30 November 243,7733,773
Depreciation and impairment
At 01 December 23122122
Charge for year857857
At 30 November 24979979
Net book value
At 30 November 242,7942,794
At 30 November 231,0591,059
5.Debtors: amounts due within one year

2024

2023

££
Other debtors-1,157
Total-1,157
6.Creditors: amounts due within one year

2024

2023

££
Other creditors-1,938
Accrued liabilities and deferred income-48,664
Total-50,602
7.Share capital
Upon incorporation of the company, 30,000 ordinary shares were issued with a nominal value of $3.00. In prior financial year, 8,823 series seed shares were issued with a nominal value of $0.001.