INSURE I LIMITED

Company Registration Number:
NI072940 (Northern Ireland)

Unaudited abridged accounts for the year ended 31 March 2023

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

INSURE I LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2023

Balance sheet
Notes

INSURE I LIMITED

Balance sheet

As at 31 March 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 1,079,110 18,930
Investments: 4 1,429,033 1,395,033
Total fixed assets: 2,508,143 1,413,963
Current assets
Debtors:   290,567 388,450
Cash at bank and in hand: 385,429 267,118
Total current assets: 675,996 655,568
Creditors: amounts falling due within one year: 5 (1,654,831) (1,081,051)
Net current assets (liabilities): (978,835) (425,483)
Total assets less current liabilities: 1,529,308 988,480
Creditors: amounts falling due after more than one year:   (806,675) (326,308)
Total net assets (liabilities): 722,633 662,172
Capital and reserves
Called up share capital: 524,670 524,670
Profit and loss account: 197,963 137,502
Shareholders funds: 722,633 662,172

The notes form part of these financial statements

INSURE I LIMITED

Balance sheet statements

For the year ending 31 March 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 20 March 2024
and signed on behalf of the board by:

Name: Dr S Tharmaratnam
Status: Director

The notes form part of these financial statements

INSURE I LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

INSURE I LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

2. Employees

2023 2022
Average number of employees during the period 12 10

INSURE I LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Tangible Assets

Total
Cost £
At 01 April 2022 265,500
Additions 1,079,110
At 31 March 2023 1,344,610
Depreciation
At 01 April 2022 246,570
Charge for year 18,930
At 31 March 2023 265,500
Net book value
At 31 March 2023 1,079,110
At 31 March 2022 18,930

INSURE I LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Fixed investments

The company owns 100% of the share capital of OHRD Limited. The registered office address of OHRD Limited is Unit 1 Potters Quay, 5 Ravenhill Road, Belfast, Northern Ireland, BT6 8DN.

INSURE I LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Creditors: amounts falling due within one year note

Northern Bank Limited hold a fixed and floating charge. The floating charge covers all the property or undertaking of the company.Northern Bank Limited also hold a fixed charge over all the lands and premises known as number 5 and portion number 7 Ravenhill Road, Belfast.

INSURE I LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

6. Related party transactions

Name of the related party: OHRD Limited
Relationship:
Subsidiary
Description of the Transaction: Insure I Limited owe OHRD Limited.
£
Balance at 01 April 2022 250,200
Balance at 31 March 2023 630,200