Company Registration No. 04435876 (England and Wales)
MHG Corporate Risks Limited
Unaudited accounts
for the year ended 31 August 2025
MHG Corporate Risks Limited
Unaudited accounts
Contents
MHG Corporate Risks Limited
Company Information
for the year ended 31 August 2025
Directors
Mr A J M Prosser
Mr D L Wood
Company Number
04435876 (England and Wales)
Registered Office
4 Wilbye House
Lexden Park
Colchester
CO3 3UF
England
Accountants
Onshore Consulting Limited
167/169 Great Portland St.
W1W 5PF
MHG Corporate Risks Limited
Statement of financial position
as at 31 August 2025
Tangible assets
3,593
6,428
Cash at bank and in hand
81,811
95,697
Creditors: amounts falling due within one year
(21,351)
(26,343)
Net current assets
510,258
535,361
Total assets less current liabilities
513,851
541,789
Provisions for liabilities
Net assets
513,783
538,995
Called up share capital
234,061
234,061
Profit and loss account
279,722
304,934
Shareholders' funds
513,783
538,995
For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 May 2026 and were signed on its behalf by
Mr A J M Prosser
Director
Company Registration No. 04435876
MHG Corporate Risks Limited
Notes to the Accounts
for the year ended 31 August 2025
MHG Corporate Risks Limited is a private company, limited by shares, registered in England and Wales, registration number 04435876. The registered office is 4 Wilbye House, Lexden Park, Colchester, CO3 3UF, England.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.
Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.
For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.
MHG Corporate Risks Limited
Notes to the Accounts
for the year ended 31 August 2025
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% straight line
Plant & machinery
25% straight line
Fixtures & fittings
15% straight line
Computer equipment
33.33% straight line
Comparative reporting period
The reporting period for the comparative financial statements is 13 months, covering the period from 1 August 2023 to 31 August 2024. The decision to extend the period was made to align with the group's year-end. This change will allow for consolidated reporting across the group.
Comparative Information
As the comparative reporting period covers 13 months, the figures presented for the two periods are not directly comparable.
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Intangible fixed assets
Other
At 1 September 2024
93,245
At 1 September 2024
93,245
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Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 September 2024
52,742
16,458
69,200
At 31 August 2025
52,742
16,730
69,472
At 1 September 2024
48,593
14,179
62,772
Charge for the year
1,152
1,955
3,107
At 31 August 2025
49,745
16,134
65,879
At 31 August 2025
2,997
596
3,593
At 31 August 2024
4,149
2,279
6,428
MHG Corporate Risks Limited
Notes to the Accounts
for the year ended 31 August 2025
Amounts falling due within one year
Trade debtors
24,513
49,856
Amounts due from group undertakings etc.
11,437
-
Accrued income and prepayments
3,372
6,151
Amounts falling due after more than one year
Amounts due from group undertakings etc.
410,000
410,000
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Creditors: amounts falling due within one year
2025
2024
Trade creditors
3,515
4,133
Amounts owed to group undertakings and other participating interests
3,385
867
Taxes and social security
395
382
The company's immediate and ultimate parent undertaking, and controlling party, is GSA Global Limited, a company incorporated in the United Kingdom.
GSA Global Limited registered office address is 4 Wilbye House, Lexden Park, Colchester, England, CO3 3UF.
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Average number of employees
During the year the average number of employees was 7 (2024: 8).