ACCOUNTS - Final Accounts preparation

Registered number: NI643951

Rischio Ltd

Unaudited

Financial statements

Information for filing with the registrar

For the year ended 28 February 2025

Rischio Ltd

Registered number: NI643951

Balance sheet

As at 28 February 2025


	2025	2024
Note	£	£


Current assets
Stocks	5	518,269		518,269
Debtors: amounts falling due within one year	6	100		100
Cash at bank and in hand	7	1,150		47,210
		519,519		565,579
Creditors: amounts falling due within one year	8	(345,322)		(386,483)
Net current assets			174,197		179,096
Total assets less current liabilities			174,197		179,096

Net assets			174,197		179,096

Capital and reserves
Called up share capital	100	100
Profit and loss account	174,097	178,996
	174,197	179,096

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Rischio Ltd

Registered number: NI643951

Balance sheet (continued)

As at 28 February 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 3 October 2025.

Mr P Burns

Director

The notes on pages 3 to 5 form part of these financial statements.

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Rischio Ltd

Notes to the financial statements

For the year ended 28 February 2025

1.	General information

Rischio Ltd is a private company limited by shares incorporated in Northern Ireland on 15 February 2017. The registration number and address of the registered office are given in the company information section of these financial statements.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

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Rischio Ltd

Notes to the financial statements

For the year ended 28 February 2025

2.Accounting policies (continued)

2.4

Stocks

Stocks comprise of development lands stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase.
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.	Going concern

The directors of Rischio Ltd have reviewed the resources available and believe that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, Rischio Ltd continue to adopt the going concern basis in preparing the financial statements.

Employees

The average monthly number of employees, including the directors, during the year was as follows:

	2025	2024
	No.	No.

Directors	4	4

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Rischio Ltd

Notes to the financial statements

For the year ended 28 February 2025

5.	Stocks

		2025	2024
		£	£

Work in progress (goods to be sold)	518,269	518,269
	518,269	518,269

Debtors


					2025	2024
					£	£


Unpaid Share Capital	100	100
	100	100

7.	Cash and cash equivalents

		2025	2024
		£	£

Cash at bank and in hand	1,150	47,210
	1,150	47,210

8.	Creditors: Amounts falling due within one year

		2025	2024
		£	£

Amounts owed to group undertakings	4,439	46,570
Corporation tax	26,363	26,363
Other creditors	312,000	312,000
Accruals and deferred income	2,520	1,550
	345,322	386,483

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