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PRIMERA INSURANCE SERVICES LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
Primera Insurance Services Limited (the "Company") is a private company limited by shares, domiciled and incorporated in in England and Wales. The address of the registered office is Broadwater Road, Framlingham, Suffolk, IP13 9LL.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
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Cash and cash equivalents
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Allotted, called up and fully paid
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10 Ordinary shares shares of £1 each
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The immediate and ultimate controlling party is P H Betts due to his majority shareholding.
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