Company registration number 15937330 (England and Wales)
MOMENTUM RISK SOLUTIONS UK LTD
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
Affinia
19th Floor
1 Westfield Avenue
London
E20 1HZ
MOMENTUM RISK SOLUTIONS UK LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 7
MOMENTUM RISK SOLUTIONS UK LTD
BALANCE SHEET
AS AT 31 DECEMBER 2025
31 December 2025
- 1 -
2025
Notes
£
£
Fixed assets
Tangible assets
4
2,815
Current assets
Debtors
5
22,080
Creditors: amounts falling due within one year
6
(213,494)
Net current liabilities
(191,414)
Net liabilities
(188,599)
Capital and reserves
Called up share capital
7
50,000
Profit and loss reserves
(238,599)
Total equity
(188,599)

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements. true

The financial statements were approved by the board of directors and authorised for issue on 5 June 2026 and are signed on its behalf by:
E Traboulsi
Director
Company registration number 15937330 (England and Wales)
MOMENTUM RISK SOLUTIONS UK LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2025
- 2 -
1
Accounting policies
Company information

Momentum Risk Solutions UK Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 4 Prince's Court, Prince's Road, Ferndown, Dorset, BH22 9JG.

1.1
Reporting period

The company incorporated on 5 September 2024, resulting in a 16-month reporting period.

1.2
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Going concern

In assessing whether the going concern assumption is appropriate, management has taken into account all available relevant information about the future, which is at least, but is not limited to, 12 months from the date when the financial statements are authorised for issue. true

The company is currently reliant on financial support from its parent company and ultimate parent company to fund its initial operating costings and meet its liabilities as they fall due. This support is provided through ongoing share capital injections and intercompany funding.

The parent company and ultimate parent company have confirmed their continued commitment to provide this financial support for the foreseeable future (being a period of at least 12 months from the date of approval of these financial statements).

Consequently, the directors have a reasonable expectation that the company has adequate resources to continue in operation for the foreseeable future. As such, the financial statements have been prepared on a going concern basis.

1.4
Revenue

The c ompany generates revenue principally from commissions, profit commissions, and fees associated with the underwriting, placement, and administration of insurance contracts.

Brokerage, commissions, and fees are recogni s ed when the relevant performance obligations are substantially completed and the revenue can be ascertained with reasonable certainty. For the c ompany's core placement and binding services, performance obligations are heavily front-loaded at the point of policy inception. Revenue is recognised to the extent that it is highly probable that a significant reversal will not occur.

Any subsequent post-inception administrative or servicing obligations are considered immaterial to the contract as a whole, and the associated costs are recogni s ed as incurred.

Profit commissions are receivable based upon the underwriting performance of certain schemes. They are recognised when the co mpany can be certain that the commission will be paid and the amount can be reasonably accurately ascertained.

MOMENTUM RISK SOLUTIONS UK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 3 -
1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
5 years straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

MOMENTUM RISK SOLUTIONS UK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 4 -
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, 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 payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.12
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

MOMENTUM RISK SOLUTIONS UK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2025
- 5 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2025
Number
Total
2
4
Tangible fixed assets
Computers
£
Cost
At 5 September 2024
-
0
Additions
3,072
At 31 December 2025
3,072
Depreciation and impairment
At 5 September 2024
-
0
Depreciation charged in the period
257
At 31 December 2025
257
Carrying amount
At 31 December 2025
2,815
5
Debtors
2025
Amounts falling due within one year:
£
Other debtors
6,230
Prepayments
15,850
22,080
MOMENTUM RISK SOLUTIONS UK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2025
- 6 -
6
Creditors: amounts falling due within one year
2025
£
Trade creditors
381
Other creditors
193,957
Accruals and deferred income
19,156
213,494

Other creditors represent amounts due to group undertakings. The balance is interest free and repayable on demand.

7
Called up share capital
2025
2025
Ordinary share capital
Number
£
Issued and unpaid
Ordinary shares of £1 each
50,000
50,000

On incorporation, 50,000 ordinary shares of £1 were issued and are unpaid at year end.

8
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified.

Senior Statutory Auditor:
Richard Lane
Statutory Auditor:
Affinia (Stratford)
Date of audit report:
5 June 2026
9
Related party transactions

At the balance sheet date the company owed £193,957 to the parent company, Milestone Risk Solutions Limited. This balance is interest free and repayable on demand.

During the year, the company operated under an Appointed Representative agreement with Milestone Risk Solutions Limited, under which commission income totalling £24,946 was earned.

MOMENTUM RISK SOLUTIONS UK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2025
- 7 -
10
Parent company

The immediate parent company is Milestone Risk Solutions Limited, a UK registered company. The address of the registered office is 34 Lime Street, London, England, EC3M 7AT.

The ultimate parent company is Chedid Europe Insurance & Reinsurance Brokerage Limited, a company domiciled in Cyprus. The address of the registered office is Platinum Crest, Loizou Askani 18, Limassol, 3110, Cyprus. This company is controlled by Chedid Capital S.A.L. (Holding) a company incorporated in Lebanon.

Chedid Capital S.A.L. (Holding) is 67% owned by Chedid Cyprus Group Ltd, a company domiciled in Cyprus. This company is controlled by F G Chedid.

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