Company No:
Contents
| Note | 31.03.2026 | 31.03.2025 | ||
| £ | £ | |||
| Current assets | ||||
| Debtors | 3 |
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| Cash at bank and in hand |
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| 842,607 | 842,665 | |||
| Creditors: amounts falling due within one year | 4 | (
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(
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| Net current (liabilities)/assets | (200,764) | 336,354 | ||
| Total assets less current liabilities | (200,764) | 336,354 | ||
| Net (liabilities)/assets | (
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| Capital and reserves | ||||
| Called-up share capital | 5 |
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| Profit and loss account | (
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| Total shareholders' (deficit)/funds | (
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Director's responsibilities:
The financial statements of Theriskco Limited (registered number:
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Stephen Gerard Mccann
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.
Theriskco Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is Johnston Carmichael Llp, 227 West George Street, Glasgow, G2 2ND, Scotland, United Kingdom.
The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director notes that the business has net liabilities of £200,764. The Company is supported through loans from associated Company. The director has received assurances that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the associated Company will continue to support the Company. After making enquiries, the director believes that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
These financial statements cover the period 01/04/2025 to 31/03/2026. The previous financial statements covered the 13 month period 01/03/2024 to 31/03/2025, therefore the comparatives are not entirely comparable.
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account.
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Basic financial assets
Basic financial assets, which include debtors and bank balances, are measured at transaction price including transaction costs.
Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.
Basic financial liabilities
Basic financial liabilities, including creditors and loans from associated companies, are recognised at transaction price.
Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.
Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.
| Year ended 31.03.2026 |
Period from 01.03.2024 to 31.03.2025 |
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| Number | Number | ||
| Monthly average number of persons employed by the Company during the year, including the director |
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| 31.03.2026 | 31.03.2025 | ||
| £ | £ | ||
| Corporation tax |
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| Other debtors |
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| 31.03.2026 | 31.03.2025 | ||
| £ | £ | ||
| Amounts owed to related parties |
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| Taxation and social security |
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| Other creditors |
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| 31.03.2026 | 31.03.2025 | ||
| £ | £ | ||
| Allotted, called-up and fully-paid | |||
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| 3 | 3 |
Transactions with the entity's director
| 31.03.2026 | 31.03.2025 | ||
| £ | £ | ||
| Amounts due from key management | 0 | 630,000 |
Amounts due are interest free and repayable on demand.
Other related party transactions
| 31.03.2026 | 31.03.2025 | ||
| £ | £ | ||
| Amounts owed to related parties | (818,807) | (291,166) |
Amounts due are interest free and repayable on demand.