Registration number: 12900716

United Risk International Holdings Ltd

Contents

Balance Sheet	1
Notes to the Financial Statements	2 to 7

United Risk International Holdings Ltd

(Registration number: 12900716)
Balance Sheet as at 31 December 2024

	Note	31 December 2024 £		31 May 2024 £
Fixed assets
Tangible assets	4		22,348		11,113
Investments	5		7,133,375		7,130,528
			7,155,723		7,141,641
Current assets
Debtors	6	2,881,869		171,936
Cash at bank and in hand		33,464		104,117
		2,915,333		276,053
Creditors: Amounts falling due within one year	7	(2,059,179)		(566,269)
Net current assets/(liabilities)			856,154		(290,216)
Net assets			8,011,877		6,851,425
Capital and reserves
Called up share capital	8	100		100
Retained earnings		8,011,777		6,851,325
Shareholders' funds			8,011,877		6,851,425

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 September 2025 and signed on its behalf by:
 

......................................... H W Smith Director

United Risk International Holdings Ltd

Notes to the Financial Statements for the Period from 1 June 2024 to 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The company was formerly known as Applied Financial Lines Ltd. On 11 August 2025, the company changed its name to United Risk International Holdings Ltd.

The address of its registered office is:
Unity House
2 Station Court
Station Road
Guiseley
LS20 8EY

The principal place of business is:
Level 6
68 King William Street
London
EC4N 7HR

These financial statements were authorised for issue by the Board on 29 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

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 disclosure and presentation requirements of Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The company's functional and presentation currency is pound sterling.

Summary of disclosure exemptions

The company has taken advantage of the exemption under Financial Reporting Standard 102 Section 1AC.35 from disclosing transactions and balances with fellow group undertakings that are wholly owned.

Group accounts not prepared

The company has taken advantage of the exemption under Section 399 of the Companies Act 2006 from preparing consolidated financial statements on the grounds that the group is small.

Disclosure of long or short period

The accounting period has been shortened to align the company with the wider group, therefore the comparatives are not entirely comparable.

United Risk International Holdings Ltd

Notes to the Financial Statements for the Period from 1 June 2024 to 31 December 2024

Audit report

The Independent Auditor's Report was unqualified.

The name of the Senior Statutory Auditor who signed the audit report on 29 September 2025 was Jane Lowden, who signed for and on behalf of F. W. Smith, Riches & Co..

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax.

The company recognises revenue when the amount of revenue can be measured reliably and it is probable that future economic benefits will flow to the entity.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	33% Straight Line

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Dividends on equity securities are recognised in income when receivable.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

United Risk International Holdings Ltd

Notes to the Financial Statements for the Period from 1 June 2024 to 31 December 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Financial assets

Basic financial assets, including trade and other receivables, are initially recognised at transaction price, 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 for a similar asset. Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss and any subsequent reversal is recognised in profit or loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial 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 receipts discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.
 

3	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2 (2024 - 2).

United Risk International Holdings Ltd

Notes to the Financial Statements for the Period from 1 June 2024 to 31 December 2024

4	Tangible assets

	Office equipment £	Total £
Cost
At 1 June 2024	11,122	11,122
Additions	14,049	14,049
At 31 December 2024	25,171	25,171
Depreciation
At 1 June 2024	9	9
Charge for the period	2,814	2,814
At 31 December 2024	2,823	2,823
Carrying amount
At 31 December 2024	22,348	22,348
At 31 May 2024	11,113	11,113

5	Investments

	31 December 2024 £	31 May 2024 £
Investments in subsidiaries	7,133,375	7,130,528