REGISTERED NUMBER: 07095571 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Best Risk Management And Financial

Service Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountant

7

DIRECTORS:

Mr Stuart Alexander Boseley

Mr Keshav Thukaram

SECRETARY:

Mr David James Goodley

REGISTERED OFFICE:

Telecom House

125-135 Preston Road

Brighton

East Sussex

BN1 6AF

REGISTERED NUMBER:

07095571 (England and Wales)

ACCOUNTANT:

Marden & Co Accountants Limited

45 Nork Way

Banstead

Surrey

SM7 1PB

FIXED ASSETS

Intangible assets

4

175,468

263,478

Tangible assets

5

31,895

256

207,363

263,734

CURRENT ASSETS

Debtors

6

1,563,887

1,494,949

Cash at bank and in hand

1,695,837

1,178,868

3,259,724

2,673,817

CREDITORS

Amounts falling due within one year

2,641,834

2,171,262

NET CURRENT ASSETS

617,890

502,555

TOTAL ASSETS LESS CURRENT LIABILITIES

825,253

766,289

CREDITORS

Amounts falling due after more than one year

(132,547

)

(125,758

)

PROVISIONS FOR LIABILITIES

(369

)

(369

)

NET ASSETS

692,337

640,162

CAPITAL AND RESERVES

Called up share capital

7

115

115

Share premium

180,000

180,000

Retained earnings

512,222

460,047

SHAREHOLDERS' FUNDS

692,337

640,162

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2025 and were signed on its behalf by:

Mr Stuart Alexander Boseley - Director

Mr Keshav Thukaram - Director

1.	STATUTORY INFORMATION

Best Risk Management And Financial Service Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 25 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

632,956

Additions

40,243

At 31 December 2024

673,199

AMORTISATION

At 1 January 2024

369,478

Amortisation for year

128,253

At 31 December 2024

497,731

NET BOOK VALUE

At 31 December 2024

175,468

At 31 December 2023

263,478

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

45,838

Additions

35,570

At 31 December 2024

81,408

DEPRECIATION

At 1 January 2024

45,582

Charge for year

3,931

At 31 December 2024

49,513

NET BOOK VALUE

At 31 December 2024

31,895

At 31 December 2023

256

6.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Other debtors

428,950

283,210

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

5,150

A Ordinary

1p

52

52

5,150

B Ordinary

1p

52

52

1,150

C Ordinary

1p

11

11

115

115

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £91,000 were paid to the directors .

Excitare Ltd is a company which is 100% controlled and managed by the company directors Mr Stuart Boseley and Mr Keshav Thukaram.

As at the balance sheet date, there is an amount of £244,912.00 (2023: £89,999.00) receivable from Excitare Ltd.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Stuart Boseley and Keshav Thukaram.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to me.

Marden & Co Accountants Limited

45 Nork Way

Banstead

Surrey

SM7 1PB

18 September 2025