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Registration number: 10946773

Stillman Insurance Brokers Ltd.
Unaudited Filleted Financial Statements
for the Year Ended 30 September 2025

Stillman Insurance Brokers Ltd.

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 7

Stillman Insurance Brokers Ltd.

Company Information

Directors | C J Stillman S E Stillman

Registered office | 580 Wokingham Road Earley Reading Berkshire RG6 7JD

Accountants | Vale & West Accountancy Services Limited Chartered AccountantsVictoria House 26 Queen Victoria Street Reading Berkshire RG1 1TG

Stillman Insurance Brokers Ltd.

(Registration number: 10946773)
Balance Sheet as at 30 September 2025

| Note | 30 September 2025 £ | 30 September 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 3,243 | 2,183
Current assets |  |  |
Debtors | 5 | 3,773 | -
Cash at bank and in hand |  | 54,250 | 56,169
|  | 58,023 | 56,169
Creditors: Amounts falling due within one year | 6 | (30,835) | (29,267)
Net current assets |  | 27,188 | 26,902
Net assets |  | 30,431 | 29,085
Capital and reserves |  |  |
Called up share capital | 7 | 110 | 110
Retained earnings |  | 30,321 | 28,975
Shareholders' funds |  | 30,431 | 29,085

For the financial 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.

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 12 March 2026 and signed on its behalf by:

C J Stillman Director

Stillman Insurance Brokers Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 30 September 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:
580 Wokingham Road
Earley
Reading
Berkshire
RG6 7JD

These financial statements were authorised for issue by the Board on 12 March 2026.

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.

The Company’s functional and presentation currency is the Pound Sterling (£). Amounts are rounded to the nearest pound unless otherwise stated.

Revenue recognition

Turnover comprises the fair value of consideration receivable for services provided in the ordinary course of the Company’s insurance broking activities. Turnover is stated net of value added tax, returns, rebates and discounts.
Revenue is recognised when it can be reliably measured, it is probable that economic benefits will flow to the Company, and the specific recognition criteria for each income stream are met.
Commission Income
Commission receivable from insurers is recognised as revenue when the Company becomes entitled to the commission under the terms of the broking arrangement. This is typically on the inception, renewal or amendment of the related insurance policy.
Direct Income from Clients
Fees charged directly to clients are recognised as revenue when the related broking or advisory services have been provided and the Company has fulfilled its performance obligations to the client.

Stillman Insurance Brokers Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025 (continued)

2 | Accounting policies (continued)

Tax

Tax on profit represents the current tax charge for the period.

Current tax is based on taxable profits for the year, calculated in accordance with tax legislation and using tax rates that have been enacted or substantively enacted by the year end.

Taxable profit may differ from the profit reported in the profit and loss account because certain items of income and expenditure are taxable or deductible in different periods, and some items are never taxable or deductible.
The Company does not recognise deferred tax, as its tax affairs are straightforward and no material timing differences arise.

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
Plant and machinery | 20% straight line on cost

Defined contribution pension obligation

The Company operates defined contribution pension schemes. Contributions are charged to the profit and loss account as an employee benefit expense when they fall due in accordance with the terms of the schemes. Any contributions paid that relate to future service are recognised as a prepayment. The Company has no further legal or constructive obligations once the contributions have been paid.

Going concern

The directors have assessed the Company’s financial position and are not aware of any material uncertainties that may cast significant doubt on its ability to continue as a going concern. Accordingly, the financial statements have been prepared on a going concern basis.

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.

Stillman Insurance Brokers Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025 (continued)

2 | Accounting policies (continued)

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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2024 - 3).

Stillman Insurance Brokers Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025 (continued)

4 | Tangible assets

| Plant and machinery £ | Total £
Cost or valuation
At 1 October 2024 | 5,803 | 5,803
Additions | 1,810 | 1,810
At 30 September 2025 | 7,613 | 7,613
Depreciation
At 1 October 2024 | 3,620 | 3,620
Charge for the year | 750 | 750
At 30 September 2025 | 4,370 | 4,370
Carrying amount
At 30 September 2025 | 3,243 | 3,243
At 30 September 2024 | 2,183 | 2,183

5 | Debtors

Current | 30 September 2025 £ | 30 September 2024 £
Other debtors | 3,773 | -
| 3,773 | -

6 | Creditors

Creditors: amounts falling due within one year

| 30 September 2025 £ | 30 September 2024 £
Due within one year |  |
Trade creditors | 1,407 | -
Taxation and social security | 25,735 | 25,208
Other creditors | 3,693 | 4,059
| 30,835 | 29,267

Stillman Insurance Brokers Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025 (continued)

7 | Share capital

Allotted, called up and fully paid shares

| 30 September 2025 | 30 September 2024
| No. | £ | No. | £
A Ordinary of £1 | 75 | 75 | 75 | 75
B Ordinary of £1 | 25 | 25 | 25 | 25
C Non-voting shares of £1 | 10 | 10 | 10 | 10
| 110 | 110 | 110 | 110

8 | Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

| 30 September 2025 £ | 30 September 2024 £
Not later than one year | 6,816 | -
Later than one year and not later than five years | 6,248 | -
| 13,064 | -

The amount of non-cancellable operating lease payments recognised as an expense during the year was £568 (2024 - £Nil).