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Company Registration No. 12638761 (England and Wales)
Nw Re Limited Unaudited accounts for the year ended 30 September 2025
Nw Re Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Nw Re Limited Company Information for the year ended 30 September 2025
Directors
Lee David Anderson Warren Downey Joseph James Hanly
Company Number
12638761 (England and Wales)
Registered Office
7th Floor The St. Botolph Building 138 Houndsditch London EC3A 7AW England
- 3 -
Nw Re Limited Statement of financial position as at 30 September 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
7,652
125,228
Current assets
Debtors
5
5,592,471
1,430,937
Cash at bank and in hand
58,524
852,857
5,650,995
2,283,794
Creditors: amounts falling due within one year
6
(180,979)
(1,009,965)
Net current assets
5,470,016
1,273,829
Total assets less current liabilities
5,477,668
1,399,057
Creditors: amounts falling due after more than one year
7
-
(60,587)
Net assets
5,477,668
1,338,470
Capital and reserves
Called up share capital
8
100
100
Profit and loss account
5,477,568
1,338,370
Shareholders' funds
5,477,668
1,338,470
For the year ending 30 September 2025 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 February 2026 and were signed on its behalf by
Joseph James Hanly Director Company Registration No. 12638761
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Nw Re Limited Notes to the Accounts for the year ended 30 September 2025
1
Statutory information
Nw Re Limited is a private company, limited by shares, registered in England and Wales, registration number 12638761. The registered office is 7th Floor, The St. Botolph Building, 138 Houndsditch, London, EC3A 7AW, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
These accounts 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. The financial statements have been prepared under the historical cost convention. Audit Exemption As permitted by section 479A of the Companies Act 2006, the company has claimed exemption from the requirement to have its financial statements audited for the year to 30th September 2025. The company is a subsidiary undertaking of Specialist Risk Investment Ltd, which is established in the United Kingdom and prepares consolidated financial statements in accordance with FRS102. The parent company has given a statutory guarantee under section 479C of the Companies Act 2006 in respect of all liabilities of the company as at 30th September 2025. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33% straight line
Motor vehicles
25% reducing balance
Fixtures & fittings
20% straight line
Computer equipment
33% straight line
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Nw Re Limited Notes to the Accounts for the year ended 30 September 2025
Foreign exchange
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 October 2024
225,980
1,382
28,155
255,517
Additions
-
-
1,626
1,626
Disposals
(88,955)
-
-
(88,955)
At 30 September 2025
137,025
1,382
29,781
168,188
Depreciation
At 1 October 2024
113,334
276
16,679
130,289
Charge for the year
23,691
276
6,280
30,247
At 30 September 2025
137,025
552
22,959
160,536
Net book value
At 30 September 2025
-
830
6,822
7,652
At 30 September 2024
112,646
1,106
11,476
125,228
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
2,617,623
1,430,331
Amounts due from group undertakings etc.
2,107,507
-
Accrued income and prepayments
721,657
-
Other debtors
145,684
606
5,592,471
1,430,937
- 6 -
Nw Re Limited Notes to the Accounts for the year ended 30 September 2025
6
Creditors: amounts falling due within one year
2025
2024
£
£
Obligations under finance leases and hire purchase contracts
-
35,435
Trade creditors
8,987
76,646
Amounts owed to group undertakings and other participating interests
43,635
-
Taxes and social security
20,023
897,884
Accruals
108,334
-
180,979
1,009,965
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Obligations under finance leases and hire purchase contracts
-
60,587
8
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 4 (2024: 4).
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