The directors of the company have elected not to include a copy of the income statement 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 Holdings 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.

The financial statements are prepared in Euro, 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 year ended 31 December 2024 the company made a loss of €129k (December 2023: profit of €5.49m) and as at that date had net assets of €5.34m (December 2023: net assets of €5.47m).

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 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, 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 interest in intercompany balances and recharges from the other group undertakings.

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

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 statement of financial position 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 trade and other receivables, 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 trade and other payables, 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 payables 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 payables 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.

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or non-current assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

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.

The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

The company conducts an impairment review of the investment in subsidiaries. Determining whether an asset is impaired requires an estimation of the recoverable amount which requires the company to estimate the value in use which is based on future cash flows and a suitable discount factor in order to calculate the present value. Where the actual cash flows are less than expected, an impairment loss may arise. After reviewing the business environment and the company's strategies and past performance of its cash generating units, management concluded that there was no impairment of investments in subsidiaries at the current year end.

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

In the prior period the company recorded a reversal of historic provisions against intercompany balances with Alta Signa Europe BV of €4,278,434 & Alta Signa Limited of €1,204,822.

In the current period, the company recorded a provision against intercompany balances with Alta Signa Limited to ensure the balance remained fully provided for.

Details of the company's subsidiaries at 31 December 2024 are as follows:

At the period end the company has an intercompany balance due from its subsidiary Alta Signa Ltd of €572,442 which is fully provided.

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.

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.