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REGISTERED NUMBER: 11614183 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

EXCHEQUER UNDERWRITING LIMITED

EXCHEQUER UNDERWRITING LIMITED (REGISTERED NUMBER: 11614183)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EXCHEQUER UNDERWRITING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: T J Roberts





REGISTERED OFFICE: No 3 Siskin Drive
Middlemarch Buisness park
Coventry
CV3 4FJ





REGISTERED NUMBER: 11614183 (England and Wales)





ACCOUNTANTS: Askews Chartered Certified Accountants
5 The Quadrant
Coventry
West Midlands
CV1 2EL

EXCHEQUER UNDERWRITING LIMITED (REGISTERED NUMBER: 11614183)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 183 283

CURRENT ASSETS
Debtors 5 49 40
Cash at bank - 79
49 119
CREDITORS
Amounts falling due within one year 6 46,171 41,407
NET CURRENT LIABILITIES (46,122 ) (41,288 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(45,939

)

(41,005

)

CREDITORS
Amounts falling due after more than one
year

7

40,776

39,955
NET LIABILITIES (86,715 ) (80,960 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (86,815 ) (81,060 )
(86,715 ) (80,960 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

EXCHEQUER UNDERWRITING LIMITED (REGISTERED NUMBER: 11614183)

BALANCE SHEET - continued
30 JUNE 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 director and authorised for issue on 30 October 2024 and were signed by:





T J Roberts - Director


EXCHEQUER UNDERWRITING LIMITED (REGISTERED NUMBER: 11614183)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Exchequer Underwriting 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.

Going concern
At 30 June 2024 the company had net liabilities of £86,715 (2023; net liabilities £80,960). Based
on future forecasted profits and the continuing support of the company's bank the director is
of the opinion the company is a going concern, the accounts have been prepared on this basis.

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 - 20% straight line

Taxation
Taxation for the year 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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 July 2023
and 30 June 2024 499
DEPRECIATION
At 1 July 2023 216
Charge for year 100
At 30 June 2024 316
NET BOOK VALUE
At 30 June 2024 183
At 30 June 2023 283

EXCHEQUER UNDERWRITING LIMITED (REGISTERED NUMBER: 11614183)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 49 40

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 11,111 11,111
Trade creditors - 440
Amounts owed to group undertakings 33,129 25,969
Taxation and social security (290 ) (290 )
Other creditors 2,221 4,177
46,171 41,407

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 40,776 39,955

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
T J Roberts
Balance outstanding at start of year - -
Amounts advanced 9 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9 -

9. RELATED PARTY DISCLOSURES

Paramount Risk Management Limited, the parent, was due £33,129 from Exchequer Underwriting
Limited at the balance sheet date.