ACCOUNTS - Final Accounts

Registered number: 02772759

Holman Managed Syndicates Limited

Unaudited

Directors' report and financial statements

For the Year Ended 31 December 2024

Holman Managed Syndicates Limited

Company Information

Directors	Mr M J Holman
	Ms V M Edmonds


Registered number	02772759


Registered office	Chance House
	Pips
	Lewes Road
	East Grinstead
	RH19 3TB


Accountants	Kreston Reeves LLP
	Chartered Accountants
	37 St Margaret's Street
	Canterbury
	Kent
	CT1 2TU

Holman Managed Syndicates Limited

Contents

	Page
Directors' report	1
Directors' responsibilities statement	2
Accountants' report	3
Profit and loss account	4
Balance sheet	5
Notes to the financial statements	6 - 8

Holman Managed Syndicates Limited

Directors' report

For the Year Ended 31 December 2024

The directors present their report and the financial statements for the year ended 31 December 2024.

Principal activity

The principal activity of the company was as a non-active underwriting agent but did not itself trade in the year.

Directors

The directors who served during the year were:

Mr M J Holman

Ms V M Edmonds

Small companies note

In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the board on 15 September 2025 and signed on its behalf.

Ms V M Edmonds

Director

Page 1

Holman Managed Syndicates Limited

Directors' responsibilities statement

For the Year Ended 31 December 2024

The directors are responsible for preparing the Directors' report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:

∙select suitable accounting policies for the company's financial statements and then apply them consistently;

∙make judgments and accounting estimates that are reasonable and prudent;

∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 2

Holman Managed Syndicates Limited

Chartered accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of Holman Managed Syndicates Limited for the Year Ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Holman Managed Syndicates Limited for the year ended 31 December 2024 which comprise the Profit and loss account, the Balance sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Holman Managed Syndicates Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Holman Managed Syndicates Limited and state those matters that we have agreed to state to the Board of directors of Holman Managed Syndicates Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Holman Managed Syndicates Limited and its Board of directors, as a body, for our work or for this report.

It is your duty to ensure that Holman Managed Syndicates Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and result of Holman Managed Syndicates Limited. You consider that Holman Managed Syndicates Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Holman Managed Syndicates Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Kreston Reeves LLP

Chartered Accountants

Canterbury

15 September 2025

Page 3

Holman Managed Syndicates Limited

Profit and loss account

For the Year Ended 31 December 2024

The company has not traded during the year or the preceding financial year. During these periods, the company received no income and incurred no expenditure and therefore made neither profit or loss.

Page 4

Holman Managed Syndicates Limited

Registered number: 02772759

Balance sheet

As at 31 December 2024

		2024		2023
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	369,720		369,720
		369,720		369,720
Total assets less current liabilities			369,720		369,720

Net assets			369,720		369,720

Capital and reserves
Called up share capital	5	250,100	250,100
Profit and loss account	6	119,620	119,620
		369,720	369,720

For the year ended 31 December 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006.

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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The company's financial statements have been prepared in accordance with the 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 15 September 2025.

Ms V M Edmonds

Director

Page 5

Holman Managed Syndicates Limited

Notes to the financial statements

For the Year Ended 31 December 2024

1.	General information

Holman Managed Syndicates ("the company") is a private company limited by shares and is incorporated in England with the registered number 02772759. The address of the registered office is Pips, Lewes Road, East Grinstead, RH19 3TB.
The principal activity of the company was as a non-active underwriting agent but did not itself trade in the year.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the company's accounting policies. There were no significant judgements or key sources of estimation implemented by the directors.
The company's functional and presentational currency is Pounds Sterling.
The company's financial statements are presented to the nearest pound.

2.2

Financial Reporting Standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

∙the requirements of Section 7 Statement of Cash Flows;

∙the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);

∙the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);

∙the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A;

∙the requirements of Section 33 Related Party Disclosures paragraph 33.7.

This information is included in the consolidated financial statements of David Holman Holdings Limited as at 31 December 2024 and these financial statements may be obtained from Chance House, Pips, Lewes Road, East Grinstead, England, RH19 3TB.

Page 6

Holman Managed Syndicates Limited

Notes to the financial statements

For the Year Ended 31 December 2024

2.Accounting policies (continued)

2.3

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's Balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Employees

The average monthly number of employees, including the directors, during the year was 2. (2023 - 2).

Debtors

					2024	2023
					£	£


Amounts owed by group undertakings	369,720	369,720
	369,720	369,720

Page 7

Holman Managed Syndicates Limited

Notes to the financial statements

For the Year Ended 31 December 2024

5.	Share capital
		2024	2023
		£	£

Allotted, called up and fully paid

100 (2023 - 100) Ordinary A shares of £1.00 each	100	100
250,000 (2023 - 250,000) Ordinary B shares of £1.00 each	250,000	250,000

	250,100	250,100

Reserves

Profit & loss account

This reserve comprises all current and prior period retained profits and losses after deducting any distributions made to the company’s shareholders.

7.	Ultimate parent undertaking and controlling party

Throughout the year the company was a wholly owned subsidiary undertaking of David Holman Holdings Limited, a company incorporated in England and Wales.
The ultimate controlling party of David Holman Holdings Limited is Mr M J Holman, a director of the company, by virtue of his 100% interest in the share capital of the parent undertaking.

Page 8