AIB Risk Management Ltd - Period Ending 2024-03-31

AIB Risk Management Ltd

Contents

Company Information	1
Statement of Financial Position	2
Notes to the Unaudited Financial Statements	3 to 4

AIB Risk Management Ltd

Company Information

Director

RWF Hungate

Registered office

130 Shaftesbury Avenue 2nd Floor London W1D 5EU

Accountants

Brebners Chartered Accountants 130 Shaftesbury Avenue London W1D 5AR

AIB Risk Management Ltd

Statement of Financial Position as at 31 March 2024

	Note	2024 £	30/11/2022 £
Fixed assets
Investments	4	158,790	158,790
Current assets
Debtors	5	1	1
Creditors: Amounts falling due within one year	6	(158,790)	(158,790)
Net current liabilities		(158,789)	(158,789)
Net assets		1	1
Capital and reserves
Called up share capital		1	1
Shareholders' funds		1	1

For the financial period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Statement of Income and Retained Earnings has been taken.

Approved and authorised by the director on 1 May 2024
 

.........................................

RWF Hungate

Director

Company registration number: 11836261

AIB Risk Management Ltd

Notes to the Unaudited Financial Statements for the Period from 1 December 2022 to 31 March 2024

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

The principal activity of the company is that of an investment holding company.

2	Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Group accounts not prepared

In the opinion of the director, the company and its subsidiary undertakings comprise a small group. The company has therefore taken advantage of the exemption provided by Section 399 of the Companies Act 2006 not to prepare group accounts.

Disclosure of long or short period

These financial statements relate to the period from 1 December 2022 to 31 March 2024. The comparatives relate to the year ended 30 November 2022.

Going concern

The company has no fixed overheads and no significant working capital requirement.

After making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operation existence for the foreseeable future as the company’s operations are simplistic with no fixed expenses. Accordingly, the director continues to adopt the going concern basis in preparing the financial statements.

Investments in Associated Undertakings

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Dividends on equity securities are recognised in income when receivable.

AIB Risk Management Ltd

Notes to the Unaudited Financial Statements for the Period from 1 December 2022 to 31 March 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company during the period, was 0 (2022 - 0).

4	Investments

	2024 £	30/11/2022 £
Investments in associates	158,790	158,790

Associates	£
Cost or valuation
At 1 December 2022 and 31 March 2024	158,790
Carrying amount
At 31 March 2024	158,790
At 30 November 2022	158,790

5

Debtors

	2024 £	30/11/2022 £
Other debtors	1	1
	1	1

6

Creditors

Creditors: amounts falling due within one year

	2024 £	30/11/2022 £
Other creditors	158,790	158,790