REGISTERED NUMBER: |
AUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 1 JANUARY 2023 TO 30 JUNE 2024 |
FOR |
ASSURITY CONSULTING HOLDINGS LIMITED |
REGISTERED NUMBER: |
AUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 1 JANUARY 2023 TO 30 JUNE 2024 |
FOR |
ASSURITY CONSULTING HOLDINGS LIMITED |
ASSURITY CONSULTING HOLDINGS LIMITED (REGISTERED NUMBER: 10428177) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 JANUARY 2023 TO 30 JUNE 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
ASSURITY CONSULTING HOLDINGS LIMITED |
COMPANY INFORMATION |
FOR THE PERIOD 1 JANUARY 2023 TO 30 JUNE 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Statutory Auditors |
Chartered Accountants |
4th Floor Tuition House |
27-37 St George's Road |
Wimbledon |
London |
SW19 4EU |
ASSURITY CONSULTING HOLDINGS LIMITED (REGISTERED NUMBER: 10428177) |
BALANCE SHEET |
30 JUNE 2024 |
2024 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Share premium | 9 |
Retained earnings | 9 |
SHAREHOLDERS' FUNDS |
The financial statements were approved by the Board of Directors and authorised for issue on |
ASSURITY CONSULTING HOLDINGS LIMITED (REGISTERED NUMBER: 10428177) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 JANUARY 2023 TO 30 JUNE 2024 |
1. | STATUTORY INFORMATION |
Assurity Consulting Holdings Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently. |
Change in accounting reference date |
Current period figures are for the 18 months from 1 January 2023 to 30 June 2024 in order to align with group companies accounting reference dates. Comparative figures are for the 12 months from 1 January 2022 to 31 December 2022. Because of the different periods the current period figures are not wholly comparable to prior period figures. |
Significant judgements and estimates |
There are no significant accounting judgements and estimates that require disclosure. |
Turnover |
Turnover is measured at the fair value of the consideration receivable in respect of management fees, net of discounts and VAT. |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 period 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. |
Fixed asset investments |
Fixed asset investments are initially measured at transaction price (including transaction costs) and subsequently held at cost, less any impairment. |
ASSURITY CONSULTING HOLDINGS LIMITED (REGISTERED NUMBER: 10428177) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 JANUARY 2023 TO 30 JUNE 2024 |
3. | ACCOUNTING POLICIES - continued |
Basic financial instruments |
Cash in hand is measured at the transaction price. |
Debtors. Other debtors are measured at the transaction price and are recognised as current assets as collection is due within one year or less. |
Creditors: amounts falling due within one year are measured at transaction price and are classified as current |
liabilities as payment is due in one year or less. |
Dividends |
Dividends are recognised in the company's financial statements in the year in which they are approved in general meetings by the company's shareholders. Interim dividends are recognised when they are paid. |
Share capital |
Ordinary shares are classified as equity. |
Impairment |
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at revalued amount where the impairment loss is a revaluation decrease. |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
5. | FIXED ASSET INVESTMENTS |
Interest |
in other |
participating |
interests |
£ |
COST |
At 1 January 2023 |
and 30 June 2024 | 1,522,500 |
NET BOOK VALUE |
At 30 June 2024 | 1,522,500 |
At 31 December 2022 | 1,522,500 |
The company acquired a 50% participating interest in Assurity Consulting Limited on 29 November 2016. |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2022 |
£ | £ |
Amounts owed by participating interests | - | 13,110 |
Other debtors |
ASSURITY CONSULTING HOLDINGS LIMITED (REGISTERED NUMBER: 10428177) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 JANUARY 2023 TO 30 JUNE 2024 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2022 |
£ | £ |
Taxation and social security |
Other creditors |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2022 |
value: | £ | £ |
Ordinary A | £0.70 | 51,800 | 51,800 |
Ordinary B | £0.70 | 18,200 | 18,200 |
70,000 | 70,000 |
Called up share capital represents the nominal value of shares that have been issued. |
9. | RESERVES |
Retained | Share |
earnings | premium | Totals |
£ | £ | £ |
At 1 January 2023 | 1,821,080 |
Profit for the period |
Dividends | ( |
) | ( |
) |
At 30 June 2024 | 1,755,828 |
10. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
11. | RELATED PARTY DISCLOSURES |
During the year the company charged management fees of £nil (2022: £13,110) to Assurity Consulting Limited. |
Included in debtors is an amount of £nil (2022: £13,110) due from Assurity Consulting Limited. |
Included in debtors is an amount of £nil (2022: £32,825) due from shareholders relating to interest free loans |
provided to assist with the share purchase, and were repaid during the period. |
During the year the company received dividends from Assurity Consulting Limited of £300,000 (2022: 300,000). |
12. | ULTIMATE CONTROLLING PARTY |
The controlling party is Celnor Group Limited. |
The ultimate controlling party is |