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REGISTERED NUMBER: 03734110 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

EIG LIMITED

EIG LIMITED (REGISTERED NUMBER: 03734110)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Accountants' Report 5

EIG LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: N A Sellick





REGISTERED OFFICE: 38 Borough High Street
London
SE1 1XW





REGISTERED NUMBER: 03734110 (England and Wales)





ACCOUNTANTS: Ashdown Hurrey
Chartered Accountants & Business Advisers
20 Havelock Road
Hastings
East Sussex
TN34 1BP

EIG LIMITED (REGISTERED NUMBER: 03734110)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,390 4,107

CURRENT ASSETS
Debtors 5 608,624 851,125
Cash at bank 7,311 2,580
615,935 853,705
CREDITORS
Amounts falling due within one year 6 404,839 462,861
NET CURRENT ASSETS 211,096 390,844
TOTAL ASSETS LESS CURRENT
LIABILITIES

216,486

394,951

CREDITORS
Amounts falling due after more than one
year

7

(12,231

)

(22,435

)

PROVISIONS FOR LIABILITIES (1,024 ) (780 )
NET ASSETS 203,231 371,736

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Retained earnings 153,231 321,736
SHAREHOLDERS' FUNDS 203,231 371,736

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 28 June 2024 and were signed by:





N A Sellick - Director


EIG LIMITED (REGISTERED NUMBER: 03734110)

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

1. STATUTORY INFORMATION

EIG 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.

The directors have made an assessment about the company's ability to continue as a going concern and they do not consider there to be any material uncertainties. As a result they have adopted the going concern basis of accounting.

Turnover
Turnover represents commissions receivable from insurance brokerage, exempt from value added tax.

Turnover is recognised dependent on the point of risk transfer, for non-direct to insurer policies this is when client's settle their policy, for direct to insurer policies this is when the premium is paid to the insurer.

Unrecognised commission income is shown as deferred income.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 33% on cost
Fixtures and fittings - 15% on cost
Computer equipment - 20% on cost

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 8 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 33,651 6,500 25,504 65,655
Additions 4,253 - - 4,253
At 31 March 2024 37,904 6,500 25,504 69,908
DEPRECIATION
At 1 April 2023 29,544 6,500 25,504 61,548
Charge for year 2,970 - - 2,970
At 31 March 2024 32,514 6,500 25,504 64,518
NET BOOK VALUE
At 31 March 2024 5,390 - - 5,390
At 31 March 2023 4,107 - - 4,107

EIG LIMITED (REGISTERED NUMBER: 03734110)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 305,909 405,281
Other debtors 243,096 399,809
Tax 8,094 -
Prepayments 51,525 46,035
608,624 851,125

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,204 9,937
Trade creditors 288,466 370,335
Tax - 8,094
Social security and other taxes 15,936 14,387
Other creditors 7,748 2,333
Deferred income 62,866 38,473
Accrued expenses 19,619 19,302
404,839 462,861

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans - more than 1 year 12,231 22,435

8. RELATED PARTY DISCLOSURES

At the balance sheet date the company was owed £229,412 (2023: £391,361) from Property Consolidation (UK) LLP [OC310772], a business controlled by the director, N A Sellick.

An amount of £27,661 owed to the parent company Estate Insurance Group Limited [03632168] has been written off by mutual consent.

9. CLIENT ACCOUNTS

The company operates client bank accounts, the balance of which represents undrawn commission income and amounts received on account from clients in respect of insurance premiums payable to insurers.

31.03.24 31.03.23
£ £
Client account net balances 27,480 167,924

ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
EIG LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of EIG Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of EIG Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of EIG Limited and state those matters that we have agreed to state to the director of EIG Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than EIG Limited and its director for our work or for this report.

It is your duty to ensure that EIG Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of EIG Limited. You consider that EIG Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of EIG Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Ashdown Hurrey
Chartered Accountants & Business Advisers
20 Havelock Road
Hastings
East Sussex
TN34 1BP


28 June 2024