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REGISTERED NUMBER: 01178454 (England and Wales)





















AUTOHOME INSURANCE LIMITED

STRATEGIC REPORT, REPORT OF THE DIRECTOR AND

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






AUTOHOME INSURANCE LIMITED (REGISTERED NUMBER: 01178454)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Strategic Report 2

Report of the Director 3 to 4

Report of the Independent Auditors 5 to 8

Statement of Comprehensive Income 9

Balance Sheet 10

Statement of Changes in Equity 11

Cash Flow Statement 12

Notes to the Cash Flow Statement 13

Notes to the Financial Statements 14 to 20


AUTOHOME INSURANCE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: A F Robinson



REGISTERED OFFICE: Mayleigh House
Orchard Hill
Little Billing
Northampton
NN3 9AD



REGISTERED NUMBER: 01178454 (England and Wales)



SENIOR STATUTORY AUDITOR: Stuart Armstrong FCCA



INDEPENDENT AUDITORS: Phipps Henson McAllister
Chartered Accountants
and Statutory Auditors
22-24 Harborough Road
Kingsthorpe
Northampton
NN2 7AZ

AUTOHOME INSURANCE LIMITED (REGISTERED NUMBER: 01178454)

STRATEGIC REPORT
FOR THE YEAR ENDED 31 MARCH 2024


The director presents his strategic report for the year ended 31 March 2024.

REVIEW OF BUSINESS
We consider that our key performance indicators are those that communicate the financial performance of the company as a whole, these being premium income, profits and claims ratios.

During the year premium income decreased by 1.3% compared to 2023. The ratio of claims to premiums receivable (net of claims handling and management fees) was 66.6% (2023: 73.7%). The company made a profit after tax for the year of £88,279 (2023: £81,888).

Net assets have increased to £2,874,139 as a result of retained profits.

The directors consider the financial performance of the company to be satisfactory and are confident in the company's strategy going forward. The company continues to seek to develop into new niche markets.

PRINCIPAL RISKS AND UNCERTAINTIES
The principal financial risks faced by the company and the company's objectives and policies in relation to those risks are as follows:-

CASH FLOW RISK
The company closely monitors and manages its cash flow. Cash flow forecasts are prepared with the objective of alerting the directors to potential future risks. It is the company's policy to ensure that adequate cash funds are available at all times to meet all outgoings.

CLAIMS RISK
The company closely monitors its claims ratio for all types of policy sold on an ongoing basis and have a great deal of historical claims data available to assist with this monitoring process ensuring the risk of a deteriation in the claims ratio is kept to a minimum.

ON BEHALF OF THE BOARD:





A F Robinson - Director


26 September 2024

AUTOHOME INSURANCE LIMITED (REGISTERED NUMBER: 01178454)

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 31 MARCH 2024


The director presents his report with the financial statements of the company for the year ended 31 March 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of insuring the provision of a nationwide and continental motor vehicle recovery service.

DIVIDENDS
No dividends will be distributed for the year ended 31 March 2024.

DIRECTOR
A F Robinson held office during the whole of the period from 1 April 2023 to the date of this report.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES
The director is responsible for preparing the Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-state whether applicable accounting standards have been followed, subject to any material departures disclosed
and explained in the financial statements;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUTOHOME INSURANCE LIMITED (REGISTERED NUMBER: 01178454)

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 31 MARCH 2024


AUDITORS
The auditors, Phipps Henson McAllister, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:



A F Robinson - Director


26 September 2024

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
AUTOHOME INSURANCE LIMITED


Opinion
We have audited the financial statements of Autohome Insurance Limited (the 'company') for the year ended 31 March 2024 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 March 2024 and of its profit 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.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

Other information
The director is responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Director, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
AUTOHOME INSURANCE LIMITED


Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Director have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Director.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of director's remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of director
As explained more fully in the Statement of Director's Responsibilities set out on page three, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
AUTOHOME INSURANCE LIMITED


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

- We obtained an understanding of the legal and regulatory frameworks applicable to the Company and the
sector in which they operate. We determined that the following laws and regulations were most significant:
the Companies Act 2006, and UK corporate taxation laws.
- We obtained an understanding of how the Company is complying with those legal and regulatory frameworks
by making inquiries to the management. We corroborated our inquiries through our review of board minutes
and other papers.
- We assessed the susceptibility of the Company's financial statements to material misstatement, including how
fraud might occur. Audit procedures performed by the engagement team included:
- identifying and assessing the design effectiveness of controls management has in place to prevent and
detect fraud;
- understanding how those charged with governance considered and addressed the potential for override
of controls or other inappropriate influence over the financial reporting process;
- identifying and testing journal entries, in particular any journal entries posted with unusual account
combinations; and
- assessing the extent of compliance with the relevant laws and regulations.

These audit procedures were designed to provide reasonable assurance that the financial statements were free from fraud or error. The risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error and detecting irregularities that result from fraud is inherently more difficult than detecting those that result from an error, as fraud may involve collusion, deliberate concealment, forgery or intentional misrepresentations. Also, the further removed non-compliance with laws and regulations is from events and transactions reflected in the financial statements, the less likely we would become aware of it.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
AUTOHOME INSURANCE LIMITED


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Stuart Armstrong FCCA (Senior Statutory Auditor)
for and on behalf of Phipps Henson McAllister
Chartered Accountants
and Statutory Auditors
22-24 Harborough Road
Kingsthorpe
Northampton
NN2 7AZ

26 September 2024

AUTOHOME INSURANCE LIMITED (REGISTERED NUMBER: 01178454)

STATEMENT OF COMPREHENSIVE
INCOME
FOR THE YEAR ENDED 31 MARCH 2024

2024 2023
Notes £    £   

TURNOVER 873,870 885,125

Cost of sales 718,979 778,505
GROSS PROFIT 154,891 106,620

Administrative expenses 42,132 42,361
OPERATING PROFIT 4 112,759 64,259

Profit on sale of investment property 5 - 30,931
112,759 95,190

Interest receivable and similar income 4,904 887
117,663 96,077

Interest payable and similar expenses 6 (42 ) -
PROFIT BEFORE TAXATION 117,705 96,077

Tax on profit 7 29,426 14,189
PROFIT FOR THE FINANCIAL YEAR 88,279 81,888

OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME FOR THE
YEAR

88,279

81,888

AUTOHOME INSURANCE LIMITED (REGISTERED NUMBER: 01178454)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 8 100 100
Investment property 9 33,000 33,000
33,100 33,100

CURRENT ASSETS
Debtors 10 2,329,549 2,302,812
Cash at bank 694,425 609,238
3,023,974 2,912,050
CREDITORS
Amounts falling due within one year 11 174,685 151,040
NET CURRENT ASSETS 2,849,289 2,761,010
TOTAL ASSETS LESS CURRENT LIABILITIES 2,882,389 2,794,110

PROVISIONS FOR LIABILITIES 12 8,250 8,250
NET ASSETS 2,874,139 2,785,860

CAPITAL AND RESERVES
Called up share capital 13 318,000 318,000
Investment property revaluation reserve 14 32,999 32,999
Retained earnings 14 2,523,140 2,434,861
SHAREHOLDERS' FUNDS 2,874,139 2,785,860

The financial statements were approved by the director and authorised for issue on 26 September 2024 and were signed by:





A F Robinson - Director


AUTOHOME INSURANCE LIMITED (REGISTERED NUMBER: 01178454)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2024

Investment
Called up property
share Retained revaluation Total
capital earnings reserve equity
£    £    £    £   
Balance at 1 April 2022 318,000 2,352,973 32,999 2,703,972

Changes in equity
Total comprehensive income - 81,888 - 81,888
Balance at 31 March 2023 318,000 2,434,861 32,999 2,785,860

Changes in equity
Total comprehensive income - 88,279 - 88,279
Balance at 31 March 2024 318,000 2,523,140 32,999 2,874,139

AUTOHOME INSURANCE LIMITED (REGISTERED NUMBER: 01178454)

CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 MARCH 2024

2024 2023
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 93,267 25,921
Interest paid 42 -
Tax paid (13,026 ) (17,325 )
Net cash from operating activities 80,283 8,596

Cash flows from investing activities
Sale of investment property - 178,000
Interest received 4,904 887
Net cash from investing activities 4,904 178,887

Increase in cash and cash equivalents 85,187 187,483
Cash and cash equivalents at beginning of
year

2

609,238

421,755

Cash and cash equivalents at end of year 2 694,425 609,238

AUTOHOME INSURANCE LIMITED (REGISTERED NUMBER: 01178454)

NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 MARCH 2024


1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS
2024 2023
£    £   
Profit before taxation 117,705 96,077
Decrease in amounts owing from group - 998
Increase in amounts owing from group (11,928 ) -
Finance costs (42 ) -
Finance income (4,904 ) (887 )
100,831 96,188
Increase in trade and other debtors (15,063 ) (94,233 )
Increase in trade and other creditors 7,499 23,966
Cash generated from operations 93,267 25,921

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 March 2024
31/3/24 1/4/23
£    £   
Cash and cash equivalents 694,425 609,238
Year ended 31 March 2023
31/3/23 1/4/22
£    £   
Cash and cash equivalents 609,238 421,755


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1/4/23 Cash flow At 31/3/24
£    £    £   
Net cash
Cash at bank 609,238 85,187 694,425
609,238 85,187 694,425
Total 609,238 85,187 694,425

AUTOHOME INSURANCE LIMITED (REGISTERED NUMBER: 01178454)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Autohome Insurance 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The directors have reviewed liquidity requirements across the Group and are confident that there is sufficient flexibility such that it continues to be appropriate to prepare the accounts on a going concern basis.

Preparation of consolidated financial statements
The financial statements contain information about Autohome Insurance Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Mayleigh House Holdings Ltd, .

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
The turnover shown in the income statement represents premiums for providing a car recovery and breakdown service. These amounts are accounted for on a receivable basis, the premiums allocated to the period for which cover is provided.

Creditors include a provision for unearned premiums which represents the proportion of premiums received up to the balance sheet date which relate to future accounting periods,calculated by reference to the number of days for which cover extends into future accounting periods.

Insurance Contracts

All of the company's turnover is derived from the provision of insurance contracts relating to vehicle recovery and breakdown services.

Cost of sales includes the cost of settling claims and claims handling fees. Claims paid are calculated in accordance with the terms of each insurance agreement.

Provision is made for the estimated cost of claims incurred but not settled at the balance sheet date including the cost of claims incurred but not yet reported to the company.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

AUTOHOME INSURANCE LIMITED (REGISTERED NUMBER: 01178454)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

Investment property
Investment property is shown at fair value. No depreciation is provided. Changes in fair value are recognised in the income statement.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

AUTOHOME INSURANCE LIMITED (REGISTERED NUMBER: 01178454)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

Critical accounting judgements and estimation uncertainty
To be able to prepare financial statements in accordance with FRS102, Autohome Insurance Limited must make certain estimates and judgements that have an impact on the policies and the amounts reported in the annual accounts. The estimates and judgement are based on historical experiences and other factors including expectations of future events that are believed to be reasonable at the time such estimates and judgements are made. Actual experience may vary from these estimates.
The estimates and assumptions which have the most significant risk of causing a material adjustment to the carrying amounts of assets and liabilities are discussed below:

Tangible Assets
Autohome Insurance Ltd determines the estimated useful lives, residual values and related depreciation charges for its fixed assets with reference to the estimated periods that the company intends to derive future economic benefits from the use of these assets. Management will revise the depreciation charge where useful lives or residual values are materially different from those previously estimated. Actual economic lives may differ from estimated useful lives and actual residual values may differ from estimated useful values. Periodic review could result in a change in depreciable lives and residual values and therefore depreciation expenses in the future periods.

Investment Properties
The fair values of investment properties are reviewed annually, but there is an inevitable degree of judgement involved in that each property is unique and value can only ultimately be reliably tested in the market itself.

Trade debtors
In determining the recoverability of trade debtors, management provide for any trade debtors that they believe not to be recoverable.

3. EMPLOYEES AND DIRECTORS

There were no staff costs for the year ended 31 March 2024 nor for the year ended 31 March 2023.

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

In the opinion of the directors, key management personnel are considered to be the directors only. No remuneration was paid to the directors during the year.

2024 2023
£    £   
Director's remuneration - -

4. OPERATING PROFIT

The operating profit is stated after charging:

2024 2023
£    £   
Other operating leases 7,200 11,469
Auditors' remuneration 8,762 8,749

AUTOHOME INSURANCE LIMITED (REGISTERED NUMBER: 01178454)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. EXCEPTIONAL ITEMS
2024 2023
£    £   
Profit on sale of investment property - 30,931

6. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
£    £   
HMRC Interest (42 ) -

7. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax 29,426 12,539

Deferred tax - 1,650
Tax on profit 29,426 14,189

UK corporation tax has been charged at 25% (2023 - 19%).

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is the same as the standard rate of corporation tax in the UK.

2024 2023
£    £   
Profit before tax 117,705 96,077
Profit multiplied by the standard rate of corporation tax in the UK of 25%
(2023 - 19%)

29,426

18,255

Effects of:
Disposal of property - (5,716 )

Deferred tax - 1,650
Total tax charge 29,426 14,189

AUTOHOME INSURANCE LIMITED (REGISTERED NUMBER: 01178454)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


8. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 100
NET BOOK VALUE
At 31 March 2024 100
At 31 March 2023 100

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Mayleigh House Investments
Registered office: Mayleigh House, Orchard Hill, Little Billing, Northampton, NN3 9AD
Nature of business: Investment in land and property
%
Class of shares: holding
Ordinary 100.00

9. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 33,000
NET BOOK VALUE
At 31 March 2024 33,000
At 31 March 2023 33,000

If the Investment properties had not been revalued they would have been included at the following historical cost:


2024 2023
£ £
1 1
Cost

The Investment property was valued at £33,000 on a open market existing use basis in July 2010 by Richard Greener Estate Agents. The director considers that the fair value of the property at 31 March 2024 is not materially different to this.

No depreciation has been provided on investment properties as required by Companies Act 2006. This is in order to comply with FRS102 and to show a true and fair view.

AUTOHOME INSURANCE LIMITED (REGISTERED NUMBER: 01178454)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 28
Amounts owed by group undertakings 2,053,959 2,042,285
Prepayments and accrued income 275,590 260,499
2,329,549 2,302,812

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 600 4,367
Provision for unearned premiums 103,843 97,982
Amounts owed to group undertakings 2,184 2,438
Corporation tax 29,257 12,857
Social security and other taxes 29,235 24,330
Accruals and deferred income 9,566 9,066
174,685 151,040

12. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 8,250 8,250

Deferred
tax
£   
Balance at 1 April 2023 8,250
Balance at 31 March 2024 8,250

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
318,000 Ordinary £1 318,000 318,000

AUTOHOME INSURANCE LIMITED (REGISTERED NUMBER: 01178454)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


14. RESERVES
Investment
property
Retained revaluation
earnings reserve Totals
£    £    £   

At 1 April 2023 2,434,861 32,999 2,467,860
Profit for the year 88,279 88,279
At 31 March 2024 2,523,140 32,999 2,556,139

Retained Earnings
Retained earnings includes all current and prior year period retained profits and losses.

Investment Property Revaluation Reserve
Investment property revaluation reserve includes the cumulative increase in the fair value of properties at the date of reclassification in excess of any previous impaired losses.

15. ULTIMATE PARENT COMPANY

The ultimate parent company is Mayleigh House Holdings Limited, who hold 100% of the issued share capital. Mayleigh House Holdings Limited is a company registered in England and Wales, and a copy of the group accounts can be obtained from: Mayleigh House, Orchard Hill, Little Billing, Northampton, NN3 9AD.

16. RELATED PARTY DISCLOSURES

The company was under the control of A Robinson, who controls 85% of the parent company's share capital.