Company registration number 10142304 (England and Wales)
BRIISK LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
PAGES FOR FILING WITH REGISTRAR
BRIISK LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
BRIISK LIMITED
BALANCE SHEET
AS AT
30 APRIL 2025
30 April 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
3
2,912,785
2,910,947
Investments
4
60,308
66,580
2,973,093
2,977,527
Current assets
Debtors
5
439,058
536,673
Cash at bank and in hand
59,935
130,677
498,993
667,350
Creditors: amounts falling due within one year
6
(909,077)
(712,866)
Net current liabilities
(410,084)
(45,516)
Net assets
2,563,009
2,932,011
Capital and reserves
Called up share capital
597
552
Share premium account
7,082,445
6,682,445
Profit and loss reserves
(4,520,033)
(3,750,986)
Total equity
2,563,009
2,932,011
BRIISK LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 APRIL 2025
30 April 2025
- 2 -

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 7 July 2026 and are signed on its behalf by:
Mr A W Maclay
Director
Company registration number 10142304 (England and Wales)
BRIISK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
- 3 -
1
Accounting policies
Company information

Briisk Limited is a private company limited by shares incorporated in England and Wales. The registered office is 27 Old Gloucester Street, London, WC1N 3AX.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue is recognised in the period in which the services are provided in accordance with the sales agreement.

1.3
Research and development expenditure

Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

1.4
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Development costs
5-7 years on a straight line basis

Amortisation will commence when the development asset is available for use and the company begins to receive economic benefits from the asset.

BRIISK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
- 4 -
1.5
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets. A provision is made for any impairment loss and taken to the profit and loss account.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company only enters into Basic financial instrument transactions.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Classification of financial liabilities

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 liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest.

BRIISK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
- 5 -
1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in the tax assessments.

Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

The company's liability for current and deferred tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12
Government grants

Government grants are recognised at the fair value of the asset receive d or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
3
4
BRIISK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 6 -
3
Intangible fixed assets
Other
£
Cost
At 1 May 2024
3,536,569
Additions
507,062
At 30 April 2025
4,043,631
Amortisation and impairment
At 1 May 2024
625,622
Amortisation charged for the year
505,224
At 30 April 2025
1,130,846
Carrying amount
At 30 April 2025
2,912,785
At 30 April 2024
2,910,947
4
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
993
7,265
Other investments other than loans
59,315
59,315
60,308
66,580
Movements in fixed asset investments
Shares in subsidiaries
Other investments
Total
£
£
£
Cost or valuation
At 1 May 2024
7,265
59,315
66,580
Disposals
(6,272)
-
(6,272)
At 30 April 2025
993
59,315
60,308
Carrying amount
At 30 April 2025
993
59,315
60,308
At 30 April 2024
7,265
59,315
66,580
BRIISK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 7 -
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
48,020
85,157
Amounts owed by group undertakings
388,454
181,536
Other debtors
2,584
269,980
439,058
536,673
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
35,446
18,925
Other creditors
873,631
693,941
909,077
712,866
7
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

· give a true and fair view of the state of the company's affairs as at 30 April 2025 and of its loss for the year then ended;

· have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

· have been prepared in accordance with the requirements of the Companies Act 2006.

Senior Statutory Auditor:
Mark Rogers FCCA
Statutory Auditor:
HJS (Reading) Limited
Date of audit report:
7 July 2026
8
Related party transactions

The company has taken advantage of the exemption available under FRS 102 paragraph 33.1a whereby it has not disclosed transactions with the ultimate parent company or any wholly owned subsidiary undertaking of the group

9
Post Balance Sheet Events

On the 31 March 2026, the company sold their investment in Briisk Insur - Fintech Private Limited.

2025-04-30 2024-05-01 false false false 07 July 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Mr G Hofer Mr A W Maclay Mr A Scherrer Mr S C Simpson 10142304 2024-05-01 2025-04-30 10142304 2025-04-30 10142304 2024-04-30 10142304 core:IntangibleAssetsOtherThanGoodwill 2025-04-30 10142304 core:IntangibleAssetsOtherThanGoodwill 2024-04-30 10142304 core:CurrentFinancialInstruments core:WithinOneYear 2025-04-30 10142304 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 10142304 core:WithinOneYear 2025-04-30 10142304 core:WithinOneYear 2024-04-30 10142304 core:CurrentFinancialInstruments 2025-04-30 10142304 core:CurrentFinancialInstruments 2024-04-30 10142304 core:ShareCapital 2025-04-30 10142304 core:ShareCapital 2024-04-30 10142304 core:SharePremium 2025-04-30 10142304 core:SharePremium 2024-04-30 10142304 core:RetainedEarningsAccumulatedLosses 2025-04-30 10142304 core:RetainedEarningsAccumulatedLosses 2024-04-30 10142304 bus:Director2 2024-05-01 2025-04-30 10142304 core:IntangibleAssetsOtherThanGoodwill 2024-05-01 2025-04-30 10142304 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-05-01 2025-04-30 10142304 2023-05-01 2024-04-30 10142304 core:IntangibleAssetsOtherThanGoodwill 2024-04-30 10142304 core:Non-currentFinancialInstruments 2025-04-30 10142304 core:Non-currentFinancialInstruments 2024-04-30 10142304 bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 10142304 bus:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 10142304 bus:FRS102 2024-05-01 2025-04-30 10142304 bus:Audited 2024-05-01 2025-04-30 10142304 bus:Director1 2024-05-01 2025-04-30 10142304 bus:Director3 2024-05-01 2025-04-30 10142304 bus:Director4 2024-05-01 2025-04-30 10142304 bus:FullAccounts 2024-05-01 2025-04-30 xbrli:pure xbrli:shares iso4217:GBP