Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-302024-08-302023-08-31false1Other activities auxiliary to insurance and pension funding1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08645138 2023-08-31 2024-08-30 08645138 2022-08-31 2023-08-30 08645138 2024-08-30 08645138 2023-08-30 08645138 c:Director1 2023-08-31 2024-08-30 08645138 d:OfficeEquipment 2023-08-31 2024-08-30 08645138 d:OfficeEquipment 2024-08-30 08645138 d:OfficeEquipment 2023-08-30 08645138 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-08-31 2024-08-30 08645138 d:CurrentFinancialInstruments 2024-08-30 08645138 d:CurrentFinancialInstruments 2023-08-30 08645138 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-30 08645138 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-30 08645138 d:ShareCapital 2024-08-30 08645138 d:ShareCapital 2023-08-30 08645138 d:RetainedEarningsAccumulatedLosses 2024-08-30 08645138 d:RetainedEarningsAccumulatedLosses 2023-08-30 08645138 c:OrdinaryShareClass1 2023-08-31 2024-08-30 08645138 c:OrdinaryShareClass1 2024-08-30 08645138 c:OrdinaryShareClass1 2023-08-30 08645138 c:FRS102 2023-08-31 2024-08-30 08645138 c:AuditExempt-NoAccountantsReport 2023-08-31 2024-08-30 08645138 c:FullAccounts 2023-08-31 2024-08-30 08645138 c:PrivateLimitedCompanyLtd 2023-08-31 2024-08-30 08645138 e:PoundSterling 2023-08-31 2024-08-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 08645138









BOLEYN UNDERWRITING LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 AUGUST 2024

 
BOLEYN UNDERWRITING LIMITED
REGISTERED NUMBER: 08645138

BALANCE SHEET
AS AT 30 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,697
1,069

  
2,697
1,069

Current assets
  

Debtors: amounts falling due within one year
 5 
92,639
-

Cash at bank and in hand
 6 
48,458
233,674

  
141,097
233,674

Creditors: amounts falling due within one year
 7 
(46,422)
(115,054)

Net current assets
  
 
 
94,675
 
 
118,620

Total assets less current liabilities
  
97,372
119,689

  

Net assets
  
97,372
119,689


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
97,272
119,589

  
97,372
119,689


The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 25 April 2025.



Page 1

 
BOLEYN UNDERWRITING LIMITED
REGISTERED NUMBER: 08645138
    
BALANCE SHEET (CONTINUED)
AS AT 30 AUGUST 2024

C Mayor Esq
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
BOLEYN UNDERWRITING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 AUGUST 2024

1.


General information

Boleyn Underwriting Limited is a private company limited by shares and incorporated in England and Wales. The company's registered office is First Floor, 73-81 Southwark Bridge Road, London, SE1 0NQ. The principal activity of the company is that of a consultant to the insurance industry.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the company in independently administered funds.

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Page 3

 
BOLEYN UNDERWRITING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 AUGUST 2024

2.Accounting policies (continued)

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
25%
Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

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.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 4

 
BOLEYN UNDERWRITING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 AUGUST 2024

3.


Employees

2024
2023
£
£

Cost of defined contribution scheme
-
15,000


The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 31 August 2023
2,400


Additions
2,268



At 30 August 2024

4,668



Depreciation


At 31 August 2023
1,331


Charge for the year
640



At 30 August 2024

1,971



Net book value



At 30 August 2024
2,697



At 30 August 2023
1,069

Page 5

 
BOLEYN UNDERWRITING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 AUGUST 2024

5.


Debtors

2024
2023
£
£


Other debtors
92,639
-

92,639
-



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
48,458
233,674

48,458
233,674



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
42,252
110,227

Other creditors
-
2,037

Accruals and deferred income
4,170
2,790

46,422
115,054



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares shares of £1.00 each
100
100



9.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company  in an independently administered fund. 

Page 6

 
BOLEYN UNDERWRITING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 AUGUST 2024

10.


Related party transactions

Included within other debtors due within one year are amounts owed from the director of £92,639 (2023: £2,037, owed to). This was repaid post year end. 

 
Page 7