Cip Insurance Holdings Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3

Registered number: NI601651

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		375,000		437,500

			375,000		437,500
CURRENT ASSETS
Debtors		1,195,658		912,030
Investments		55,000		55,000
Cash at bank and in hand		49		49

		1,250,707		967,079
Creditors: Amounts Falling Due Within One Year		(1,562,496 )		(1,341,368 )

NET CURRENT ASSETS (LIABILITIES)			(311,789 )		(374,289 )

TOTAL ASSETS LESS CURRENT LIABILITIES			63,211		63,211

NET ASSETS			63,211		63,211

CAPITAL AND RESERVES
Called up share capital	5		2		2
Profit and Loss Account			63,209		63,209

SHAREHOLDERS' FUNDS			63,211		63,211

Page 1

Page 2

Cip Insurance Holdings Ltd

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Paul Williamson

Director

30/04/2025

The notes on page 3 form part of these financial statements.

1. General Information

Cip Insurance Holdings Ltd is a private company, limited by shares, incorporated in Northern Ireland, registered number NI601651 . The registered office is 44 Main Street, Crumlin, BT29 4UR.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2023: NIL)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 January 2024	1,250,000

As at 31 December 2024	1,250,000

Amortisation
As at 1 January 2024	812,500
Impairment losses	62,500

As at 31 December 2024	875,000

Net Book Value
As at 31 December 2024	375,000

As at 1 January 2024	437,500

5. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	2	2