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REGISTERED NUMBER: 11614183 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

FOR

EXCHEQUER UNDERWRITING LIMITED

EXCHEQUER UNDERWRITING LIMITED (REGISTERED NUMBER: 11614183) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| EXCHEQUER UNDERWRITING LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 30 JUNE 2025

| 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 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | - |  | 183 |  |

CURRENT ASSETS

Debtors | 5 | - |  | 49 |  |

CREDITORS

Amounts falling due within one year | 6 | 33,130 |  | 46,171 |  |

NET CURRENT LIABILITIES | (33,130 | ) | (46,122 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (33,130 | ) | (45,939 | ) |

CREDITORS

Amounts falling due after more than one year | 7 | 51,878 |  | 40,776 |  |

NET LIABILITIES | (85,008 | ) | (86,715 | ) |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | (85,108 | ) | (86,815 | ) |

(85,008 | ) | (86,715 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 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 2025

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 11 September 2025 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 2025

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 2025 the company had net liabilities of £85,008 (2024; net liabilities £86,715). 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 (2024 - NIL).

4. | TANGIBLE FIXED ASSETS

| Computer

| equipment

£ |

| COST

| At 1 July 2024

| and 30 June 2025 | 499 |  |

| DEPRECIATION

| At 1 July 2024 | 316 |  |

| Charge for year | 183 |  |

| At 30 June 2025 | 499 |  |

| NET BOOK VALUE

| At 30 June 2025 | - |  |

| At 30 June 2024 | 183 |  |

EXCHEQUER UNDERWRITING LIMITED (REGISTERED NUMBER: 11614183) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2025

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Other debtors | - |  | 49 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | - |  | 11,111 |  |

| Amounts owed to group undertakings | 33,129 |  | 33,129 |  |

| Taxation and social security | - |  | (290 | ) |

| Other creditors | 1 |  | 2,221 |  |

33,130 |  | 46,171 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans | 51,878 |  | 40,776 |  |

8. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 30 June 2025 and 30 June 2024:

2025 | 2024 |

£ | £ |

| T J Roberts

| Balance outstanding at start of year | 9 |  | - |  |

| Amounts advanced | - |  | 9 |  |

| Amounts repaid | (9 | ) | - |  |

| 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.