ACCOUNTS - Final Accounts preparation

Registered number: 14816127

TAURUS RE CAPITAL LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

TAURUS RE CAPITAL LIMITED

REGISTERED NUMBER: 14816127

BALANCE SHEET

AS AT 31 DECEMBER 2024

	2024	2023
Note	£	£


Current assets
Debtors: amounts falling due within one year	4	118	15,551
		118	15,551
Creditors: amounts falling due within one year	5	(108,149)	(44,946)
Net current liabilities		(108,031)	(29,395)
Total assets less current liabilities		(108,031)	(29,395)

Net liabilities		(108,031)	(29,395)

Capital and reserves
Called up share capital	6	100	100
Profit and loss account		(108,131)	(29,495)
Total shareholder's deficit		(108,031)	(29,395)

The directors consider 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 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 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 by:

Nicholas Jacobs

Director

Date: 19 September 2025

The notes on pages 2 to 4 form part of these financial statements.

Page 1

TAURUS RE CAPITAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Taurus RE Capital Limited is a private limited company incorporated in England with the company number 14816127. The financial statements are for the year ended 31 December 2024.
The Company's registered office is 10 Queen Street Place, London, United Kingdom, EC4R 1AG.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The following principal accounting policies have been applied:

The following principal accounting policies have been applied:

2.2

Exemption from preparing consolidated financial statements

The company and its parent company have taken advantage of the option not to prepare consolidated financial statements contained in Section 383 of the Companies Act 2006 on the basis that they comprise a small group.

2.3

Going concern

The financial statements have been prepared on the going concern basis. The company is in a net deficit position and is reliant on its immediate parent company for financial support. The directors are confident this support will continue for a period of at least another 12 months following the approval of these financial statements.

2.4

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.

2.5

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.

2.6

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.

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TAURUS RE CAPITAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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 directors, during the year was nil (period ended 31 December 2023: nil).

4.	Debtors: amounts falling due within one year

					2024	2023
					£	£


Other debtors	118	100
Prepayments and accrued income	-	15,451
	118	15,551

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TAURUS RE CAPITAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

5.	Creditors: amounts falling due within one year
		2024	2023
		£	£

Trade creditors	-	4,800
Amounts owed to group undertakings	105,208	37,506
Accruals	2,941	2,640
	108,149	44,946

Amounts owed to group undertakings are unsecured, interest free and repayable on demand.

6.	Called up share capital
		2024	2023
		£	£



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

On incorporation on 20 April 2023, the Company issued 100 Ordinary shares of £1 each at par value.

7.	Related party transactions
	The Company has taken exemption under Section 33.1A of FRS 102 not to disclose transactions with other wholly owned group companies on the grounds that 100% of the voting rights in the Company are controlled within that group.

8.	Post balance sheet events

There were no material events subsequent to the period end that are required to be disclosed.

9.	Controlling party

The ultimate controlling party is Taurus Investment Holdings LLC, a company registered in the United States, by virtue of their majority shareholding.

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