Credit Risk Consultancy Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08160898

Credit Risk Consultancy Ltd

Filleted Unaudited Financial Statements

31 December 2024

Credit Risk Consultancy Ltd

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£

Fixed assets

Tangible assets	5		151,593	151,166

Current assets

Debtors	6	470	11,223
Cash at bank and in hand		109,859	55,613
		---------	--------
		110,329	66,836

Creditors: amounts falling due within one year	7	29,908		40,602
		---------		--------
Net current assets			80,421	26,234
			---------	---------
Total assets less current liabilities			232,014	177,400
			---------	---------
Net assets			232,014	177,400
			---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	231,914	177,300
	---------	---------
Shareholders funds	232,014	177,400
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Credit Risk Consultancy Ltd

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 2 September 2025 , and are signed on behalf of the board by:

Mr D Kindred

Director

Company registration number: 08160898

Credit Risk Consultancy Ltd

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 110 Windsor Street, Wolverton, Milton Keynes, Buckinghamshire, MK12 5AT.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	25% reducing balance

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).

5. Tangible assets

	Investment property	Equipment	Total
	£	£	£
Cost
At 1 January 2024	151,166	–	151,166
Additions	–	450	450
	---------	----	---------
At 31 December 2024	151,166	450	151,616
	---------	----	---------
Depreciation
At 1 January 2024	–	–	–
Charge for the year	–	23	23
	---------	----	---------
At 31 December 2024	–	23	23
	---------	----	---------
Carrying amount
At 31 December 2024	151,166	427	151,593
	---------	----	---------
At 31 December 2023	151,166	–	151,166
	---------	----	---------

The investment property was purchased in 2016. No revaluation has taken place but directors believe that the purchase price reflects the fair value of the property at the end of the year.

6. Debtors

	2024	2023
	£	£
Trade debtors	470	11,223
	----	--------

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Corporation tax	14,796	13,733
Social security and other taxes	–	3,546
Other creditors	15,112	23,323
	--------	--------
	29,908	40,602
	--------	--------

8. Directors' advances, credits and guarantees

At the balance sheet date the directors, were owed £13,487 (2023:£22,023) by the company.