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REGISTERED NUMBER: 03174402 (England and Wales)









Unaudited Financial Statements

for the Year Ended 29 February 2024

for

Connoisseur Policies Limited

Connoisseur Policies Limited (Registered number: 03174402)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Connoisseur Policies Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: F J Wakefield
C Wakefield
A Cole





REGISTERED OFFICE: 4 Guildford Road
Westcott
Dorking
Surrey
RH4 3NR





BUSINESS ADDRESS: 21-37 South Street
Dorking
Surrey
RH4 2JZ





REGISTERED NUMBER: 03174402 (England and Wales)





ACCOUNTANTS: Bullimores LLP
Chartered Accountants
Old Printers Yard
156 South Street
Dorking
Surrey
RH4 2HF

Connoisseur Policies Limited (Registered number: 03174402)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,878 469
2,878 469

CURRENT ASSETS
Debtors 6 753,082 -
Prepayments and accrued income 1,514 12,194
Cash at bank 7 822,419 111,849
1,577,015 124,043
CREDITORS
Amounts falling due within one year 8 1,487,228 79,353
NET CURRENT ASSETS 89,787 44,690
TOTAL ASSETS LESS CURRENT
LIABILITIES

92,665

45,159

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 92,664 45,158
SHAREHOLDERS' FUNDS 92,665 45,159

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

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.

Connoisseur Policies Limited (Registered number: 03174402)

Balance Sheet - continued
29 February 2024


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 Board of Directors and authorised for issue on 22 August 2024 and were signed on its behalf by:




C Wakefield - Director



A Cole - Director


Connoisseur Policies Limited (Registered number: 03174402)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Connoisseur Policies 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Brokerage for underwriting is taken as income to the profit and loss account to reflect the performance under contract of the services of the company regardless of the date of the debit note.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

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 - 25% on cost

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 March 2023
and 29 February 2024 34,464
AMORTISATION
At 1 March 2023
and 29 February 2024 34,464
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 -

Connoisseur Policies Limited (Registered number: 03174402)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 March 2023 33,844
Additions 3,524
At 29 February 2024 37,368
DEPRECIATION
At 1 March 2023 33,375
Charge for year 1,115
At 29 February 2024 34,490
NET BOOK VALUE
At 29 February 2024 2,878
At 28 February 2023 469

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 753,082 -

7. CASH AT BANK

Included in the cash at bank figure is £553,032 (2023: £33,108) held in Insurer Trust Accounts.

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 1,086,877 32,482
Amounts owed to group undertakings 170,699 39,342
Tax 13,421 6,329
Accruals and deferred income 216,231 1,200
1,487,228 79,353

9. CONTINGENT LIABILITIES

There is a cross company guarantee in existence between this company and its holding company, Anthony Wakefield and Company Limited which is limited to £25,000 in favour of National Westminster Bank.