Riskcap International (Uk) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11311667 (England and Wales)

Unaudited Financial Statements

for the Period 1 April 2021 to 31 December 2021

for

Riskcap International (Uk) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G C Detlie

Dr P Magro

M Giusti

REGISTERED OFFICE:

1 Cornhill

London

EC3V 3ND

REGISTERED NUMBER:

11311667 (England and Wales)

ACCOUNTANTS:

We`ll Mind Your Own Business LTD

39 Long Acre

London

WC2E 9LG

FIXED ASSETS

Tangible assets

4

214

351

CURRENT ASSETS

Debtors

5

52,157

41,405

Cash at bank

4,185

2,764

56,342

44,169

CREDITORS

Amounts falling due within one year

6

190,560

332,102

NET CURRENT LIABILITIES

(134,218

)

(287,933

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(134,004

)

(287,582

)

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Other reserves

127,814

-

Retained earnings

(271,818

)

(297,582

)

(134,004

)

(287,582

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2021 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 August 2022 and were signed on its behalf by:

Dr P Magro - Director

1.	STATUTORY INFORMATION

Riskcap International (Uk) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Tangible fixed assets

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

Computer equipment - 33% straight line.

Taxation

Taxation for the period 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 period 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.

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.

Going concern

The company will continue to be supported by its shareholder for the foreseeable future, to meet its liabilities as they fall due. As a result, the going concern basis of accounting was adopted.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2021 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2021

and 31 December 2021

550

DEPRECIATION

At 1 April 2021

199

Charge for period

137

At 31 December 2021

336

NET BOOK VALUE

At 31 December 2021

214

At 31 March 2021

351

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

31.3.21

£

£

Trade debtors

16,535

5,783

Deferred tax

35,622

35,622

52,157

41,405

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

31.3.21

£

£

Trade creditors

1,316

3,198

Social security and other taxes

947

518

Other creditors

187,397

327,286

Accrued expenses

900

1,100

190,560

332,102

7.	RELATED PARTY DISCLOSURES

At 31 December 2021, the company had a balance of £187,397 outstanding to the related party, included in other creditors. This loan is interest-free and repayable on demand, and as such, is measured at cost.

The balance of £127,813 has been released by the related party and included in other reserves.

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Riskcap International Ltd. It holds 100% of the total shares in Riskcap International (UK) Limited.