Contents of the Financial Statements

for the Period Ended 31 December 2024

Directors' report period ended 31 December 2024

The directors present their report with the financial statements of the company for the period ended 31 December 2024

Directors

The directors shown below have held office during the whole of the period from
1 January 2024 to 31 December 2024

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
22 September 2025

And signed on behalf of the board by:
Name: Andreas Loucaides
Status: Director

Profit And Loss Account

for the Period Ended 31 December 2024

Balance sheet

As at 31 December 2024

The notes form part of these financial statements

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 December 2024

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Turnover policy

  Turnover Turnover represents agency commissions recognised at the later of the policy inception date and placement date and is earned on referral of business to (re)insurance companies, in accordance with FRS 102 Section 23. Alterations to commission income arising from premium adjustments are taken into account as and when such adjustments are notified and processed. Where there is an expectation of future servicing requirements, an element of income relating to the policy is deferred to cover the associated obligation, if material. Profit commission on run-off business is recognised when notified and processed.

  Tangible fixed assets depreciation policy

  Depreciation was provided at the following annual rates in order to write off each asset on a straight line basis over its estimated useful life. Office equipment 20% on cost Fixtures and furniture 20% on cost Computer equipment 33% on cost

  Other accounting policies

  Debtors Trade and other debtors and balances due from related parties are recognised when due and measured on initial recognition at the fair value of the consideration received or receivable. The carrying value is reviewed for impairment whenever events or circumstances indicate that the carrying amount may not be recoverable, with the impairment loss recorded in the Statement of Comprehensive Income. Creditors Creditors and balances due to related parties are recognised when due and measured on initial recognition at the fair value of the consideration payable. The Company derecognises a creditor or related party payable when its contractual obligations are discharged or cancelled or expire. Cash and bank balances This includes cash in hand, bank balances, and short-term deposits with an original maturity of three months or less. Deferred tax Deferred tax is recognised in respect of all timing differences that have originated but not reversed by the reporting date. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date and are expected to apply when the related deferred tax asset is realised or the deferred tax liability is settled. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised. Deferred tax assets are reviewed at each reporting date and are reduced to the extent that it is no longer probable that the related tax benefit will be realised. Foreign currencies Revenues and costs expressed in foreign currencies are translated into sterling at the exchange rate ruling on the date on which the transaction occurs. Monetary assets and liabilities are translated at the rate ruling at the balance sheet date. Differences arising on translation of such items are dealt with in the Statement of Comprehensive Income. Operating leasing commitments Rental payable under operating leases is charged on a straight-line basis over the term of the lease. The income receivable on the recharge of these costs to related parties within the Group is recognised on the same basis over the term of the lease. Judgements and estimation uncertainty No key judgements or estimation uncertainties are involved in the preparation of these financial statements.

Notes to the Financial Statements

for the Period Ended 31 December 2024

• 2. Employees

  	2024	2023
  Average number of employees during the period	0	0