Premia Solutions Warranty Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 13123733 (England and Wales)

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

PREMIA SOLUTIONS WARRANTY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

V R C Gamble

SECRETARY:

B J Southmayd

REGISTERED OFFICE:

20 Fenchurch Street

5th Floor

London

EC3M 3BY

BUSINESS ADDRESS:

Unit 3 Corunna Court

Corunna Road

Warwick

Warwickshire

CV34 5HQ

REGISTERED NUMBER:

13123733 (England and Wales)

AUDITORS:

Hartley Fowler LLP

Statutory Auditors

Chartered Accountants

4th Floor Tuition House

27-37 St George's Road

Wimbledon

London

SW19 4EU

CURRENT ASSETS

Debtors

5

100

126,006

Cash at bank

36,513

7,641

36,613

133,647

CREDITORS

Amounts falling due within one year

6

45,650

109,126

NET CURRENT (LIABILITIES)/ASSETS

(9,037

)

24,521

TOTAL ASSETS LESS CURRENT LIABILITIES

(9,037

)

24,521

CAPITAL AND RESERVES

Called up share capital

7

100

Retained earnings

8

(9,137

)

24,421

SHAREHOLDERS' FUNDS

(9,037

)

24,521

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 September 2025 and were signed by:

V R C Gamble - Director

1.	STATUTORY INFORMATION

Premia Solutions Warranty Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Change in accounting reference date

Current period figures are for the year from 1 January 2024 to 31 December 2024. Comparative figures are for the nine months from 1 April 2023 to 31 December 2023. Because of the different periods the current period figures are not wholly comparable to prior period figures.

Going Concern

The company ceased trading in early 2024 and a review of future plans for the company is planned during 2025, therefore, pending a decision on the future of the company, the director has prepared the financial statements on the basis that it is not a going concern.

The financial statements have been prepared on a basis other than going concern, which is described as the break-up basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments

Financial assets and liabilities are recognised when the company becomes party to contractual provisions of the financial instrument. The company holds only basic financial instruments, which comprise cash and cash equivalents, trade and other debtors, trade and other creditors.

Financial assets - classified as basic financial instruments

(i) Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held with banks and other short term highly liquid investments with original maturities of three months or less.

(ii) Trade and other debtors

Trade and other debtors are measured at transaction price. Trade debtors are amounts due from customers for goods or services performed in the ordinary course of business less any impairment provision. There are recognised as current assets as collection is due within one year or less.

(iii) Trade and other creditors

Trade and other creditors are measured at transaction price. Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business. These are classified as current liabilities as payment is due in one year or less.

Share Capital

Ordinary shares are classified as equity.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 17 ).

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

-

125,906

Other debtors

100

126,006

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade creditors

-

13,245

Amounts owed to group undertakings

41,150

40,000

Taxation and social security

-

45,304

Other creditors

4,500

10,577

45,650

109,126

7.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2024

2023

value:

£

100

Ordinary

£1

100

8.

RESERVES

Retained

earnings

£

At 1 January 2024

24,421

Deficit for the year

(33,558

)

At 31 December 2024

(9,137

)

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jonathan Askew FCA (Senior Statutory Auditor)

for and on behalf of Hartley Fowler LLP

10.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

11.	PARENT AND ULTIMATE PARENT UNDERTAKING

The company's immediate parent is Premia Solutions Limited, a company incorporated in England and Wales.

The ultimate parent is Tiptree Inc, incorporated in the United States of America.

The most senior parent entity preparing publicly available financial statements is Tiptree Inc. These financial statements are available upon request from 660 Steamboat Road, 2nd Floor, Greenwich, Connecticut 06830, United States of America.