Registration number: 10025672

Atlantic UK Insurance and Reinsurance Brokers Ltd

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 6

Atlantic UK Insurance and Reinsurance Brokers Ltd

(Registration number: 10025672)
Balance Sheet as at 28 February 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	-	175
Tangible assets	5	1,672	1,100
		1,672	1,275
Current assets
Debtors	6	132,217	86,884
Cash at bank and in hand		252,787	320,869
		385,004	407,753
Creditors: Amounts falling due within one year	7	(339,173)	(363,410)
Net current assets		45,831	44,343
Net assets		47,503	45,618
Capital and reserves
Called up share capital	8	35,001	35,001
Retained earnings		12,502	10,617
Shareholders' funds		47,503	45,618

For the financial year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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 28 November 2025 and signed on its behalf by:
 

......................................... Mr M Perez Director

Atlantic UK Insurance and Reinsurance Brokers Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

1	General information

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

The address of its registered office is:
1st Floor
40 Gracechurch Street
London EC3V 0BT

These financial statements were authorised for issue by the Board on 28 November 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 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Atlantic UK Insurance and Reinsurance Brokers Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

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
Computer equipment	25% straight line

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Software	25% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

Atlantic UK Insurance and Reinsurance Brokers Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

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.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2024 - 5).

Atlantic UK Insurance and Reinsurance Brokers Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

4	Intangible assets

	Other intangible assets  £	Total £
Cost or valuation
At 1 March 2024	2,793	2,793
At 28 February 2025	2,793	2,793
Amortisation
At 1 March 2024	2,618	2,618
Amortisation charge	175	175
At 28 February 2025	2,793	2,793
Carrying amount
At 28 February 2025	-	-
At 29 February 2024	175	175

5	Tangible assets

	Office equipment £	Total £
Cost or valuation
At 1 March 2024	3,021	3,021
Additions	1,424	1,424
At 28 February 2025	4,445	4,445
Depreciation
At 1 March 2024	1,921	1,921
Charge for the year	852	852
At 28 February 2025	2,773	2,773
Carrying amount
At 28 February 2025	1,672	1,672
At 29 February 2024	1,100	1,100

6

Debtors

Atlantic UK Insurance and Reinsurance Brokers Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Current	Note	2025 £	2024 £
Amounts owed by related parties		108,727	61,893
Other debtors		23,490	24,991
		132,217	86,884

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Trade creditors		236,417	276,465
Amounts owed to group undertakings and undertakings in which the company has a participating interest		-	3,877
Taxation and social security		25,208	8,033
Accruals and deferred income		66,408	70,236
Other creditors		11,140	4,799
		339,173	363,410

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary share of £1 each	35,001	35,001	35,001	35,001