REGISTERED NUMBER: 06328949 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2024

FOR

CONCERT CONSULTING UK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr A N L Green

Mr D G Piltz

Mrs G A Rice

Mr M Young

REGISTERED OFFICE:

The Walbrook Building

25 Walbrook

London

EC4N 8AW

REGISTERED NUMBER:

06328949 (England and Wales)

AUDITORS:

Honey Barrett (Audit) Limited

Statutory Auditors

53 Gildredge Road

Eastbourne

East Sussex

BN21 4SF

CURRENT ASSETS

Debtors

6

903,505

804,078

Cash at bank

260,287

201,269

1,163,792

1,005,347

CREDITORS

Amounts falling due within one year

7

1,091,277

698,751

NET CURRENT ASSETS

72,515

306,596

TOTAL ASSETS LESS CURRENT LIABILITIES

72,515

306,596

CAPITAL AND RESERVES

Called up share capital

9

1,000

1,000

Retained earnings

10

71,515

305,596

SHAREHOLDERS' FUNDS

72,515

306,596

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2025 and were signed on its behalf by:

Mr A N L Green - Director

1.	STATUTORY INFORMATION

Concert Consulting UK 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.

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.

Going concern

The company's accounts have been prepared on a basis other than going concern as the company's operations have been acquired by another company within the group. In May 2025, a formal agreement was made to transfer the trade to another group company. As a result of this decision, all client contracts have been novated across to the group member as at 31 May 2025. It is the directors intentions to wind down the company by the end of Q1 2026.

Turnover

The company's revenue recognition policy is based on the principle of transfer of promised goods and services ('performance obligations') to the customer. Turnover represents the value of fees and commissions receivable (excluding value added tax) and is recognised when the control of the service has been passed to the customer by satisfying the performance obligation, either over the period the work is performed or at a point in time.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities, like trade and other accounts receivable and payable, loans from banks and other third parties and loans to / from related parties.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the present value of the future cash flows and subsequently measured at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted transaction price less any impairment.

If the arrangements of a short term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

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 the estimated cash flows discounted at the asset's original effective rate.

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 reporting date.

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 entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet and measured as detailed above.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Finance costs are charged to the profit and loss over the term of the financial asset / liability using the effective interest method so that the amount charged is at a constant rate on the carrying amount.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 5 ).

5.	AUDITOR'S REMUNERATION

2024

2023

£

£

Fees payable to the company's auditors for the audit of the company's financial statements

21,000

21,950

Auditor's remuneration for

non audit work

4,000

3,800

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

521,483

112,680

Amounts owed by group undertakings

-

392,774

Other debtors

671

308

Corporation tax recoverable

88,179

-

VAT

-

10,332

Deferred tax asset

4,275

4,549

Prepayments and accrued income

288,897

283,435

903,505

804,078

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

133,205

98,478

Amounts owed to group undertakings

844,928

424,795

Corporation tax

-

109,740

Deferred income

88,144

41,938

Accrued expenses

25,000

23,800

1,091,277

698,751

8.	DEFERRED TAX

£

Balance at 1 January 2024

(4,549

)

Provided during year

274

Balance at 31 December 2024

(4,275

)

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1,000

Ordinary

£1

1,000

1,000

10.

RESERVES

Called up share capital - Represents the nominal value of shares that have been issued.

Retained earnings - Includes all current and prior period profits and losses.

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

The Report of the Auditors was unqualified.

Louise Underdown FCA (Senior Statutory Auditor)

for and on behalf of Honey Barrett (Audit) Limited

Emphasis of matter

We draw attention to note 3 of the financial statements which explains that the directors intend to cease trading and transfer the services performed by the company to another company within the group. Therefore, the directors do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. Our opinion is not modified in respect of this matter.

12.	POST BALANCE SHEET EVENTS

In May 2025, a formal agreement was made to transfer the trade to another group company. As a result of this decision, all client contracts have been novated across to the group member as at 31 May 2025. It is the directors intentions to wind down the company by the end of Q1 2026.

13.	ULTIMATE CONTROLLING PARTY

The immediate parent company is Gallagher Actuarial Consultants Limited a company incorporated in England & Wales.

The smallest and largest group of undertakings of which the Company is a member and for which financial statements are prepared is Arthur J. Gallagher & Co. a company incorporated in the United States of America, which is the ultimate holding company. The registered address of Arthur J. Gallagher & Co. is The Corporation Trust Company Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801, United States. A copy of these consolidated financial statements is available from the registered office of the Company.