Riskcap International (UK) Limited - Accounts to registrar (filleted) - small 23.2

REGISTERED NUMBER: 11311667 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2022

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

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

31

214

CURRENT ASSETS

Debtors

5

45,544

52,157

Cash at bank

32,742

4,185

78,286

56,342

CREDITORS

Amounts falling due within one year

6

150,265

190,560

NET CURRENT LIABILITIES

(71,979

)

(134,218

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(71,948

)

(134,004

)

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Other reserves

127,814

127,814

Retained earnings

(209,762

)

(271,818

)

(71,948

)

(134,004

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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 29 September 2023 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 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.

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 1 (2021 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 January 2022

and 31 December 2022

550

DEPRECIATION

At 1 January 2022

336

Charge for year

183

At 31 December 2022

519

NET BOOK VALUE

At 31 December 2022

31

At 31 December 2021

214

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Trade debtors

9,922

16,535

Deferred tax

35,622

35,622

45,544

52,157

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Trade creditors

136

1,316

Social security and other taxes

832

947

Other creditors

148,397

187,397

Accrued expenses

900

900

150,265

190,560

7.	RELATED PARTY DISCLOSURES

On 31 December 2022, the company had a balance of £148,397 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.

8.	ULTIMATE CONTROLLING PARTY

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