REGISTERED NUMBER: 14519486 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

PlanProtect Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

175,448

100,688

Tangible assets

5

3,549

3,881

178,997

104,569

CURRENT ASSETS

Debtors

6

38,961

8,333

Cash at bank

1,490

3,563

40,451

11,896

CREDITORS

Amounts falling due within one year

7

215,694

44,379

NET CURRENT LIABILITIES

(175,243

)

(32,483

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,754

72,086

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

3,753

72,085

3,754

72,086

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 May 2026 and were signed by:

C T Duwell - Director

1.	STATUTORY INFORMATION

PlanProtect Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

14519486

Registered office:

Suite F2, The Annex

Seven Hills Business Centre

Morley

Leeds

West Yorkshire

LS27 8AT

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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 provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Changes in accounting estimates

During the year the director reviewed the useful economic lives of its capitalized online product build costs. Based on historical performance to date, ongoing use and expected replacement cycles, the director concluded that these intangible assets have a useful life of 7 years rather than the 4 years previously applied.

The effect of this revision on the 2025 charge is to reduce the amortisation expense by £29,551 and increase profit before tax by the same amount.

The change in estimate will result in lower amortisation charges in future periods over the remaining useful lives of the relevant intangible assets.

Turnover

The Company generates revenue principally from commission and fees associated with operating as insurance distribution agent. revenues from brokerage, commission, and fees from insurance intermediary businesses are recognised at the later of when notification of the policy sale has been received or the effective commencement date of the related policy. Any amendments to policies are recognised on the transactions date, whether resulting from additional premiums, cancellation, or return premium.

Intangible assets

Intangible assets (capitalized online product build costs) are stated at cost less accumulated amortization and impairment losses. Amortisation is calculated, using straight line method, to allocate the depreciable amount of the assets to their residual values over their expected useful lives being a period of 7 years. This is a change in accounting estimate which is detailed further in the notes to the financial statements.

At each reporting period end the Company considers whether intangible assets are to be impaired.

Tangible fixed assets

Tangible assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment costs. Cost includes the original purchase price, costs directly attributable to bringing the asset to its working condition for its intended use, dismantling and restoration costs and capitalised borrowing costs.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Insurance balances

Insurance balances, being amounts receivable from policyholders in respect of net written premiums and payable to the insurer and insurance monies held in designated insurance money accounts are only recognised to the extent that the Company retains the risks and rewards of ownership. Following consideration by management, amounts receivable from the policyholder in respect of net written premiums and payable to the insurer are not included as an asset or a liability as they do not meet the recognition criteria of a financial asset or liability. In addition, insurance monies held in designated insurance money accounts are not recognised on the balance sheet as the Company is not legally entitled to these funds.

Financial assets

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at transaction costs, including transaction costs, and are measured subsequently at amortised cost using the effective interest rate method, less any impairment.

Financial liabilities

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at transaction price, inclusive of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2025

121,500

Additions

86,000

At 31 December 2025

207,500

AMORTISATION

At 1 January 2025

20,812

Charge for year

11,240

At 31 December 2025

32,052

NET BOOK VALUE

At 31 December 2025

175,448

At 31 December 2024

100,688

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

4,315

Additions

974

At 31 December 2025

5,289

DEPRECIATION

At 1 January 2025

434

Charge for year

1,306

At 31 December 2025

1,740

NET BOOK VALUE

At 31 December 2025

3,549

At 31 December 2024

3,881

6.

DEBTORS

31.12.25

31.12.24

£

£

Amounts falling due within one year:

Trade debtors

3,391

7,332

Other debtors

1,070

425

Prepayments and accrued income

-

576

4,461

8,333

Amounts falling due after more than one year:

Deferred tax asset

34,500

-

Aggregate amounts

38,961

8,333

The deferred tax asset recognised represents the extent to which unrelieved tax losses are expected to reverse in the next three accounting periods which the company has calculated based on its latest product/policy implementation dates and projected policy sales per product.

A deferred tax asset has not been recognised in respect of the reversal of unrelieved tax losses in excess of this review year period. The quantum of the deferred tax asset not recognised is £264,258 [2024: £256,036].

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

23,926

11,463

Amounts owed to group undertakings

175,080

996

Taxation and social security

10,291

18,399

Other creditors

6,397

13,521

215,694

44,379

8.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

9.	SUBSEQUENT EVENTS

In the subsequent accounting period, the Company is seeking to become directly authorized with the FCA. To assist in facilitating this, the company is seeking to reclassify a portion of the loan debt owed to the parent entity by entering into a subordinated loan agreement in order to meet its FCA capital requirement as at the date of its application.The quantum of such is yet to be fully determined, but is expected to be in the region of £100,000.

10.	ULTIMATE PARENT UNDERTAKING

The immediate parent undertaking is Dutopia Group Limited.