IRIS Accounts Production v23.3.1.45 11614183 director 1.7.22 30.6.23 30.6.23 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh116141832022-06-30116141832023-06-30116141832022-07-012023-06-30116141832021-06-30116141832021-07-012022-06-30116141832022-06-3011614183ns10:Originalns15:EnglandWales2022-07-012023-06-3011614183ns14:PoundSterlingns10:Original2022-07-012023-06-3011614183ns10:Originalns10:Director12022-07-012023-06-3011614183ns10:Original2022-07-012023-06-3011614183ns10:Original2023-06-3011614183ns10:Originalns10:PrivateLimitedCompanyLtd2022-07-012023-06-3011614183ns10:Originalns10:SmallEntities2022-07-012023-06-3011614183ns10:Originalns10:AuditExempt-NoAccountantsReport2022-07-012023-06-3011614183ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-07-012023-06-3011614183ns10:SmallCompaniesRegimeForAccountsns10:Original2022-07-012023-06-3011614183ns10:Originalns10:FullAccounts2022-07-012023-06-3011614183ns10:Originalns10:RegisteredOffice2022-07-012023-06-3011614183ns10:Original2022-06-3011614183ns10:Originalns5:CurrentFinancialInstruments2023-06-3011614183ns10:Originalns5:CurrentFinancialInstruments2022-06-3011614183ns10:Originalns5:Non-currentFinancialInstruments2023-06-3011614183ns10:Originalns5:Non-currentFinancialInstruments2022-06-3011614183ns5:ShareCapitalns10:Original2023-06-3011614183ns5:ShareCapitalns10:Original2022-06-3011614183ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-06-3011614183ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-06-3011614183ns10:Originalns5:ComputerEquipment2022-07-012023-06-3011614183ns10:Original2021-07-012022-06-3011614183ns10:Originalns5:ComputerEquipment2022-06-3011614183ns10:Originalns5:ComputerEquipment2023-06-3011614183ns10:Originalns5:ComputerEquipment2022-06-3011614183ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3011614183ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-06-30
REGISTERED NUMBER: 11614183 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

EXCHEQUER UNDERWRITING LIMITED

EXCHEQUER UNDERWRITING LIMITED (REGISTERED NUMBER: 11614183)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EXCHEQUER UNDERWRITING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTOR: T J Roberts





REGISTERED OFFICE: No 3 Siskin Drive
Middlemarch Buisness park
Coventry
CV3 4FJ





REGISTERED NUMBER: 11614183 (England and Wales)





ACCOUNTANTS: Askews Chartered Certified Accountants
5 The Quadrant
Coventry
West Midlands
CV1 2EL

EXCHEQUER UNDERWRITING LIMITED (REGISTERED NUMBER: 11614183)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 283 383

CURRENT ASSETS
Debtors 5 40 40
Cash at bank 79 46
119 86
CREDITORS
Amounts falling due within one year 6 41,407 69,991
NET CURRENT LIABILITIES (41,288 ) (69,905 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(41,005

)

(69,522

)

CREDITORS
Amounts falling due after more than one
year

7

39,955

38,979
NET LIABILITIES (80,960 ) (108,501 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (81,060 ) (108,601 )
(80,960 ) (108,501 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

EXCHEQUER UNDERWRITING LIMITED (REGISTERED NUMBER: 11614183)

BALANCE SHEET - continued
30 JUNE 2023


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 director and authorised for issue on 7 March 2024 and were signed by:





T J Roberts - Director


EXCHEQUER UNDERWRITING LIMITED (REGISTERED NUMBER: 11614183)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023


1. STATUTORY INFORMATION

Exchequer Underwriting 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.

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.

Going concern
At 30 June 2023 the company had net liabilities of £80,960 (2022; net liabilities £108,501). Based
on future forecasted profits and the continuing support of the company's bank the director is
of the opinion the company is a going concern, the accounts have been prepared on this basis.

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 - 20% 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.

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 NIL (2022 - 2 ).

EXCHEQUER UNDERWRITING LIMITED (REGISTERED NUMBER: 11614183)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 July 2022
and 30 June 2023 499
DEPRECIATION
At 1 July 2022 116
Charge for year 100
At 30 June 2023 216
NET BOOK VALUE
At 30 June 2023 283
At 30 June 2022 383

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 40 40

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 11,111 11,111
Trade creditors 440 32,520
Amounts owed to group undertakings 25,969 24,578
Taxation and social security (290 ) (318 )
Other creditors 4,177 2,100
41,407 69,991

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 39,955 38,979

8. RELATED PARTY DISCLOSURES

Paramount Risk Management Limited, the parent, was due £25,969 from Exchequer Underwriting
Limited at the balance sheet date.