RiskBusiness Group Limited - Abbreviated accounts 16.3
RiskBusiness Group Limited - Abbreviated accounts 16.3
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts |
| for the Period 17th August 2015 to 30th June 2016 |
| for |
| RiskBusiness Group Limited |
| RiskBusiness Group Limited (Registered number: 09736440) |
| Contents of the Abbreviated Accounts |
| for the Period 17th August 2015 to 30th June 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| Chartered Accountants' Report | 5 |
| RiskBusiness Group Limited |
| Company Information |
| for the Period 17th August 2015 to 30th June 2016 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| RiskBusiness Group Limited (Registered number: 09736440) |
| Abbreviated Balance Sheet |
| 30th June 2016 |
| Notes | £ | £ |
| FIXED ASSETS |
| Investments | 2 |
| CURRENT ASSETS |
| Debtors |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| Profit and loss account | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) |
| 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 were approved by the Board of Directors on |
| RiskBusiness Group Limited (Registered number: 09736440) |
| Notes to the Abbreviated Accounts |
| for the Period 17th August 2015 to 30th June 2016 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements have been prepared on a going concern basis which is based on the continuing support |
| of the directors. |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention and in accordance with the |
| Financial Reporting Standard for Smaller Entities (effective January 2015). |
| Preparation of consolidated financial statements |
| The financial statements contain information about RiskBusiness Group Limited as an individual company and |
| do not contain consolidated financial information as the parent of a group. The company has taken the option |
| under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements. |
| Related party exemption |
| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 8 Related |
| Party Disclosures, not to disclose related party transactions with wholly owned subsidiaries within the group. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
| balance sheet date. |
| Investments |
| Fixed asset investments are stated at cost less provision for permanent diminution in value. Cost is purchase |
| price including acquisition expenses. |
| 2. | FIXED ASSET INVESTMENTS |
| Investments |
| other |
| than |
| loans |
| £ |
| COST |
| Additions | 1,101 |
| At 30th June 2016 | 1,101 |
| NET BOOK VALUE |
| At 30th June 2016 |
| The company's investments at the Balance Sheet date in the share capital of companies include the following: |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 100.00 |
| £ |
| Aggregate capital and reserves | (236,745 | ) |
| Loss for the period | (29,084 | ) |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 100.00 |
| £ |
| Aggregate capital and reserves | (40,971 | ) |
| Loss for the period | (40,972 | ) |
| RiskBusiness Group Limited (Registered number: 09736440) |
| Notes to the Abbreviated Accounts - continued |
| for the Period 17th August 2015 to 30th June 2016 |
| 2. | FIXED ASSET INVESTMENTS - continued |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 100.00 |
| £ |
| Aggregate capital and reserves | (28,444 | ) |
| Loss for the period | (28,544 | ) |
| 3. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal |
| value: | £ |
| Ordinary | £0.00 | 1 |
| 4. | SHARE BASED PAYMENTS |
| The company has a share option plan, which is split into three parts: |
| Part A - allows for "EMI" options to be granted to full time employees; |
| Part B - allows "unapproved options" to be granted to any employee; |
| Part C - allows "unapproved options" to be granted to non-executive directors, consultants, employees or |
| directors of consultants. |
| All options will vest three years after they are granted and have a contractual life of six years. |
Date of grant |
Type of option |
Number of shares |
Number of employees |
Option exercise price |
| 15 December 2015 | "A" | 20,000 | 2 | £1.00 |
| 15 December 2015 | "B" | - | - | £1.00 |
| 15 December 2015 | "C" | 80,000 | - | £1.00 |
| Chartered Accountants' Report to the Board of Directors |
| on the Unaudited Financial Statements of |
| RiskBusiness Group Limited |
| The following reproduces the text of the report prepared for the directors in respect of the company's annual |
| unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four) |
| have been prepared. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
| financial statements of RiskBusiness Group Limited for the period ended 30th June 2016 which comprise the Profit and |
| Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information |
| and explanations you have given us. |
| As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
| This report is made solely to the Board of Directors of RiskBusiness Group Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of RiskBusiness Group Limited and state those matters that we have agreed to state to the Board of Directors of RiskBusiness Group Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than RiskBusiness Group Limited Board of Directors, as a body, for our work or for this report. |
| It is your duty to ensure that RiskBusiness Group Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of RiskBusiness Group Limited. You consider that RiskBusiness Group Limited is exempt from the statutory audit requirement for the period. |
| We have not been instructed to carry out an audit or a review of the financial statements of RiskBusiness Group Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
| Chartered Accountants |
| 28th March 2017 |