NINETY CIC

Company Registration Number:
07853827 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2024

Period of accounts

Start date: 1 January 2024

End date: 31 December 2024

NINETY CIC

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

NINETY CIC

Balance sheet

As at 31 December 2024

Notes 2024 2023


£
£
Fixed assets
Intangible assets: 3 4,342 5,592
Investments: 4 19,698 19,698
Total fixed assets: 24,040 25,290
Current assets
Debtors: 5 59,787 87,457
Cash at bank and in hand: 19,945 1,859
Total current assets: 79,732 89,316
Creditors: amounts falling due within one year: 6 ( 1,477 ) ( 2,516 )
Net current assets (liabilities): 78,255 86,800
Total assets less current liabilities: 102,295 112,090
Total net assets (liabilities): 102,295 112,090
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 102,195 111,990
Total Shareholders' funds: 102,295 112,090

The notes form part of these financial statements

NINETY CIC

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 directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 26 September 2025
and signed on behalf of the board by:

Name: Daniel White
Status: Director

The notes form part of these financial statements

NINETY CIC

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

    Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows: Office Equipment: 4 years.

    Intangible fixed assets amortisation policy

    Intangible assets are stated at cost or valuation less amortisation. Amortisation is provided on all intangible assets on a straight-line basis over the period of 10 years.

NINETY CIC

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

NINETY CIC

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 January 2024 12,500 12,500
Additions
Disposals
Revaluations
Transfers
At 31 December 2024 12,500 12,500
Amortisation
At 1 January 2024 6,908 6,908
Charge for year 1,250 1,250
On disposals
Other adjustments
At 31 December 2024 8,158 8,158
Net book value
At 31 December 2024 4,342 4,342
At 31 December 2023 5,592 5,592

NINETY CIC

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Fixed assets investments note

During the year the company held investments of £19,698 (2023: £19,698). This balance includes £5,200 (2023: £5,200) of investments in group undertakings.

NINETY CIC

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Debtors

2024 2023
£ £
Trade debtors 59,787 87,457
Total 59,787 87,457

NINETY CIC

Notes to the Financial Statements

for the Period Ended 31 December 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 1,377 2,416
Other creditors 100 100
Total 1,477 2,516

COMMUNITY INTEREST ANNUAL REPORT

NINETY CIC

Company Number: 07853827 (England and Wales)

Year Ending: 31 December 2024

Company activities and impact

Ninety CIC is a holding company for the Ninety Group. 90% of the distributable profits from trading is donated to charities, with a significant portion to a CIO, Ninety Foundation, which then makes grants and social investments in line with its objects. Ninety CIC’s trading subsidiaries continued to offer innovation consulting services to insurance clients in 2024, as well as to develop capability in building insurance-powered startups with native impact (e.g. one that facilitates accommodation access for migrants, and another tackling the risks to families when estate plans are not adequate when a parent dies). No distributable profit was allocated from the year’s trading. Ninety Foundation trustees continued to allocate existing funds to charitable works, with key emphases on education, health, microinsurance, poverty innovation, and backing entrepreneurship in developing countries. Encouraging reports were received during the year from recipients of previous grants and investments.

Consultation with stakeholders

Ninety CIC’s stakeholders are its community beneficiaries, its employees, its partners and its clients. In 2024, Ninety Foundation trustees shortlisted, in line with the CIO’s objects, a number of organisations in developing countries for possible grants or social investment. These took on board previously received feedback from stakeholders. Reports from grantees were received in 2024 and they helped us understand their plans so we could judge grants needed. In the trading subsidiaries of Ninety CIC, we partnered with stakeholders like Generali’s “Human Safety Net” foundation and others, to create direct impact through our work.

Directors' remuneration

Details are provided in accounts. There were no other transactions or arrangements in connection with the remuneration of Ninety CIC directors, or compensation for director’s loss of office, which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

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

And signed on behalf of the board by:
Name: Daniel White
Status: Director