4 4 Concept Special Risks Holdings Ltd 08383302 false 2024-06-01 2024-12-31 2024-12-31 The principal activity of the company is holding company Digita Accounts Production Advanced 6.30.9574.0 true false false 08383302 2024-06-01 2024-12-31 08383302 2024-12-31 08383302 bus:OrdinaryShareClass1 2024-12-31 08383302 core:CapitalRedemptionReserve 2024-12-31 08383302 core:RetainedEarningsAccumulatedLosses 2024-12-31 08383302 core:ShareCapital 2024-12-31 08383302 core:CurrentFinancialInstruments 2024-12-31 08383302 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 08383302 core:AllSubsidiaries 2024-12-31 08383302 bus:SmallEntities 2024-06-01 2024-12-31 08383302 bus:Audited 2024-06-01 2024-12-31 08383302 bus:FilletedAccounts 2024-06-01 2024-12-31 08383302 bus:SmallCompaniesRegimeForAccounts 2024-06-01 2024-12-31 08383302 bus:RegisteredOffice 2024-06-01 2024-12-31 08383302 bus:Director1 2024-06-01 2024-12-31 08383302 bus:OrdinaryShareClass1 2024-06-01 2024-12-31 08383302 bus:PrivateLimitedCompanyLtd 2024-06-01 2024-12-31 08383302 1 2024-06-01 2024-12-31 08383302 1 2024-06-01 2024-12-31 08383302 countries:EnglandWales 2024-06-01 2024-12-31 08383302 2023-06-01 2024-05-31 08383302 2024-05-31 08383302 bus:OrdinaryShareClass1 2024-05-31 08383302 core:CapitalRedemptionReserve 2024-05-31 08383302 core:RetainedEarningsAccumulatedLosses 2024-05-31 08383302 core:ShareCapital 2024-05-31 08383302 core:CurrentFinancialInstruments 2024-05-31 08383302 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 08383302 core:CostValuation 2024-05-31 08383302 core:AllSubsidiaries 2024-05-31 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 08383302

Concept Special Risks Holdings Ltd

Filleted Financial Statements

for the Period from 1 June 2024 to 31 December 2024

 

Concept Special Risks Holdings Ltd

Contents

Balance Sheet

1

Notes to the Financial Statements

2 to 5

 

Concept Special Risks Holdings Ltd

(Registration number: 08383302)
Balance Sheet as at 31 December 2024

Note

31 December
2024
£

31 May
2024
£

           

Fixed assets

   

 

Investments

4

 

540,000

 

540,000

Current assets

   

 

Debtors

5

195

 

195

 

Cash at bank and in hand

 

1,648,201

 

217

 

 

1,648,396

 

412

 

Creditors: Amounts falling due within one year

6

(1,647,984)

 

-

 

Net current assets

   

412

 

412

Net assets

   

540,412

 

540,412

Capital and Reserves

   

 

Called up share capital

7

2,696

 

2,696

 

Capital redemption reserve

898

 

898

 

Retained earnings

536,818

 

536,818

 

Shareholders' funds

   

540,412

 

540,412

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 12 August 2025 and signed on its behalf by:
 

.........................................
M G Calvert
Director

 

Concept Special Risks Holdings Ltd

Notes to the Financial Statements for the Period from 1 June 2024 to 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unity House
2 Station Court
Station Road
Guiseley
LS20 8EY

These financial statements were authorised for issue by the Board on 12 August 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 including the disclosure and presentation requirements of Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The company's functional and presentation currency is pound sterling.

Summary of disclosure exemptions

The company has taken advantage of the exemption under Financial Reporting Standard 102 Section 1AC.35 from disclosing transactions and balances with fellow group undertakings that are wholly owned.

Group accounts not prepared

The company has taken advantage of the exemption under Section 399 of the Companies Act 2006 from preparing consolidated financial statements on the grounds that the group is small.

Disclosure of long or short period

The accounting period has been shortened to align the company with the wider group, therefore the comparatives are not entirely comparable.

Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 12 August 2025 was Mark Wilcock FCA, who signed for and on behalf of Watson Buckle Limited.

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Dividends on equity securities are recognised in income when receivable.

 

Concept Special Risks Holdings Ltd

Notes to the Financial Statements for the Period from 1 June 2024 to 31 December 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Financial instruments

Financial assets

Basic financial assets, including trade and other receivables, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest for a similar asset. Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss and any subsequent reversal is recognised in profit or loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

 

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 4 (2024 - 4).

4

Investments

31 December
2024
£

31 May
2024
£

Investments in subsidiaries

540,000

540,000

 

Concept Special Risks Holdings Ltd

Notes to the Financial Statements for the Period from 1 June 2024 to 31 December 2024

Subsidiaries

£

Cost

At 1 June 2024

540,000

Carrying amount

At 31 December 2024

540,000

At 31 May 2024

540,000

5

Debtors

Current

Note

31 December
2024
£

31 May
2024
£

Amounts owed by related parties

8

195

195

   

195

195

6

Creditors

Creditors: amounts falling due within one year

Note

31 December
2024
£

31 May
2024
£

Due within one year

 

Amounts due to related parties

8

1,647,984

-

7

Share capital

Allotted, called up and fully paid shares

 

31 December
2024

31 May
2024

 

No.

£

No.

£

Ordinary shares of £0.001 each

2,695,813

2,696

2,695,813

2,696

         

8

Related party transactions

Income and receivables from related parties

2024

Subsidiary
£

Amounts receivable from related party

195

2024

Subsidiary
£

Amounts receivable from related party

195

 

Concept Special Risks Holdings Ltd

Notes to the Financial Statements for the Period from 1 June 2024 to 31 December 2024

9

Parent and ultimate parent undertaking

The company's immediate parent is Applied Financial Lines Limited, incorporated in England and Wales. The registered address of Applied Financial Lines Limited is St Botolph Building, 138 Houndsditch, London, EC3A 7AR.

 The ultimate parent is United Risk Global LLC, incorporated in United States of America.