C2 Risk Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 09885860 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

C2 RISK LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

B Felton

J Wood

REGISTERED OFFICE:

71-75 Shelton Street

Covent Garden

London

WC2H 9JQ

REGISTERED NUMBER:

09885860 (England and Wales)

ACCOUNTANTS:

Oury Clark Chartered Accountants

Herschel House

58 Herschel Street

Slough

Berkshire

SL1 1PG

FIXED ASSETS

Intangible assets

4

61,721

76,190

Tangible assets

5

1,940

4,716

Investments

6

5,000

68,661

85,906

CURRENT ASSETS

Debtors

7

57,062

221,955

Cash at bank

154,368

187,546

211,430

409,501

CREDITORS

Amounts falling due within one year

8

998,900

1,205,591

NET CURRENT LIABILITIES

(787,470

)

(796,090

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(718,809

)

(710,184

)

CAPITAL AND RESERVES

Called up share capital

10

115

Share premium

1,404,157

Capital redemption reserve

13

Retained earnings

(2,123,094

)

(2,114,469

)

SHAREHOLDERS' FUNDS

(718,809

)

(710,184

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 11 November 2025 and were signed on its behalf by:

B Felton - Director

1.	STATUTORY INFORMATION

C2 Risk Ltd 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.

The accounts have been prepared on the going concern basis despite showing net current liabilities in the year. The directors are confident that the company has sufficient resources to enable it to meet its liabilities as they fall due and for a period of at least one year and a day from the date of signing.

Preparation of consolidated financial statements

The financial statements contain information about C2 Risk Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Revenue includes consultancy services and SAAS platform fees and represents amounts receivable, excluding value added tax, in respect of services provided in the ordinary course of business. Revenue is recognised evenly over the course of the service period.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten 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.

Development costs are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

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

Fixtures and fittings 25% reducing balance

Computer equipment 33% straight line

Investments in subsidiaries

Investment in subsidiaries are measured at cost less impairment.

Financial instruments

Basic Financial Instruments as covered by Section 11 of FRS102 are measured at amortised cost. The company does not have any Other Financial Instruments as covered by Section 12 of FRS102.

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 12 (2024 - 13 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

COST

At 1 April 2024

and 31 March 2025

119,000

25,690

144,690

AMORTISATION

At 1 April 2024

59,500

9,000

68,500

Charge for year

11,900

2,569

14,469

At 31 March 2025

71,400

11,569

82,969

NET BOOK VALUE

At 31 March 2025

47,600

14,121

61,721

At 31 March 2024

59,500

16,690

76,190

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

31,400

Additions

520

Disposals

(12,051

)

At 31 March 2025

19,869

DEPRECIATION

At 1 April 2024

26,684

Charge for year

2,768

Eliminated on disposal

(11,523

)

At 31 March 2025

17,929

NET BOOK VALUE

At 31 March 2025

1,940

At 31 March 2024

4,716

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

5,000

NET BOOK VALUE

At 31 March 2025

5,000

At 31 March 2024

5,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

-

177,228

Other debtors

57,062

44,727

57,062

221,955

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Amounts owed to group undertakings

1,900

Taxation and social security

97,689

128,861

Other creditors & accruals

899,311

1,074,830

998,900

1,205,591

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.25

31.3.24

£

Within one year

19,800

28,500

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

1,024,009

Ordinary

£0.0001

102

8,015

VN

£0.0001

1

120,000

VV

£0.0001

12

115

3,206 VN shares of £0.0001 each were allotted and fully paid for cash at par during the year.

All Ordinary Shares attract one vote per share, have a right to a dividend, have a right to participate in a distribution, and are non-redeemable.

All VN Shares have rights in the company with respect to dividends and distributions, no voting rights.

All VV Shares have rights in the company with respect to voting, dividends and distributions.

11.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.