The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

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

Alta Signa Limited is a private company limited by shares incorporated in England and Wales. The registered office is 5th Floor, 20 Gracechurch Street, London, United Kingdom, EC3V 0BG.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention except for any modification to fair value basis for financial instruments specified in the principal accounting policies set out below.

For the period ended 31 December 2024 the company made a loss of £28k (December 2023: loss of £92k) and as at that date had net liabilities of £579k (December 2023: net liabilities of £576k).

The board have considered future projections including a number of revenue and expenditure inputs and financial sensitivity analysis. The directors model a range of scenarios, taking into account year to date performance against budget, current cash position, expected timing of receipts and expenditure for the coming 12 months, the impact of the current macro-economic environment and wider uncertainty in the financial markets.

Due to the uncertainty of certain economic conditions and financial forecasting the immediate parent company of Alta Signa Limited's parent company, being SiriusPoint Bermuda Insurance Company Limited has provided a letter of support agreeing to provide sufficient funds and support to allow Alta Signa Holdings Limited and its subsidiaries, including Alta Signa Limited to continue to meet their obligations for at least 12 months from the date when the financial statements for the period ended 31 December 2024 are signed. The group currently focusses it operations on EU markets but continue to see the UK group companies as strategically important for the future activity and providing continued access to the UK market.

Based on the above the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

The company generates revenue principally from commissions and fees associated with underwriting and administering insurance contracts on behalf of insurance companies.

Commission is recognised when the company's contractual right to such revenue is established and the extent that the company's relevant obligations under the contracts concerned have been performed. This is the later of the inception date of the underlying risk contract and the date the risk is bound by the company. Adjustments to commission and fees are recognised when they can be ascertained with reasonable certainty, which is normally when the amounts concerned are advised or confirmed by the relevant third parties.

Insurance balances, being amounts receivable from policyholders in respect of written premiums and payable to the insurer, and insurance monies held in designated insurer bank accounts are only recognised to the extent that the company retains the risks and rewards of ownership. Following consideration by management, amounts receivable from the policyholder in respect of written premiums and payable to the insurer are not included as an asset or liability as they do not meet the criteria for recognition of a financial asset or liability. In addition, insurance monies held in designated insurer bank accounts are not recognised on the balance sheet, as the company is not legally entitled to these funds.

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ 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.

Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities, including creditors, 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 payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

The tax expense represents the sum of the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

An analysis of the company's turnover is as follows:

The average monthly number of persons (including directors) employed by the company during the year was:

During the period ended 31 December 2024 the company recognised a £nil (31 December 2023: £nil) credit in respect of prior year tax losses surrendered to fellow group companies.

During the period ended 31 December 2024 the company utilised £nil (31 December 2023: £nil ) of tax losses from fellow fellow group companies.

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

The company has taken the exemption detailed in Section 33 of FRS 102 "Related Party Disclosures" to not disclose details of transactions undertaken between companies within a wholly owned group.

As at 31 December 2024, the ultimate holding company was SiriusPoint Bermuda Insurance Company Limited, a company incorporated in Bermuda with correspondence address of PO Box HM 08, Point Building, 3 Waterloo Lane, Pembroke, Bermuda.

As at 31 December 2024, the intermediate parent company and largest and smallest group in which the company's results are consolidated is that of SiriusPoint Ltd, a company incorporated in Bermuda with correspondence address of PO Box HM 08, Point Building, 3 Waterloo Lane, Pembroke, Bermuda.

As at 31 December 2024, the immediate parent company is Alta Signa Holdings Ltd, a company incorporated in England & Wales with registered address of 5th Floor, 20 Gracechurch Street London, United Kingdom, EC3V 0BG.

In the opinion of the directors, at the date on which the financial statements were approved, the ultimate controlling party was SiriusPoint Bermuda Insurance Company Limited.