ACCOUNTS - Final Accounts

An analysis of turnover by class of business is as follows:

Registered number: 09248715

RUNNYMEDE LAW LIMITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

RUNNYMEDE LAW LIMITED

COMPANY INFORMATION

Directors	J E Cadle
	I L Stark


Registered number	09248715


Registered office	Exchequer Court
	33 St. Mary Axe
	London
	EC3A 8AA


Independent auditors	Haslers Assurance LLP
	Chartered Accountants & Statutory Auditor
	Old Station Road
	Loughton
	Essex
	IG10 4PL

RUNNYMEDE LAW LIMITED

CONTENTS

	Page
Directors' report	1 - 2
Directors' responsibilities statement	3
Independent auditors' report	4 - 7
Statement of comprehensive income	8
Balance sheet	9
Statement of changes in equity	10
Notes to the financial statements	11 - 20

RUNNYMEDE LAW LIMITED

DIRECTORS' REPORT

FOR THE YEAR ENDED 31 DECEMBER 2025

The directors present their report and the financial statements for the year ended 31 December 2025.

Directors

The directors who served during the year were:

J E Cadle

I L Stark

Principal risks and uncertainties

Management monitors the Company’s risks on an on-going basis and maintain appropriate safeguards to
mitigate risk in line with the risk appetite framework it has in place. The following are the main risks which the
Company is exposed to.

Credit risk - The key aspect of credit risk is the risk of failure of third-party client or counterparty to fulfil the debt
obligations to the Company. Risk monitoring is performed during the client onboarding process; overdue
balances are monitored regularly and communicated to clients.

Operational risk - The operational risk of the Company is the ability to provide legal advice to intermediaries and
insurance companies within the group and be able to operate in a fashion whereby the objectives of the
Company are met.

Liquidity risk - This is the risk that the Company may be unable to meet its short-term obligations as they fall due.
Management considers that liquidity risk relates to the risk associated with the processes of managing timing
relationships between asset and liability and is managed through the review of regularly revised cash flow
forecasts.

Group risk - This is the risk arising in other parts of the group as well as those arising from the Company’s own
activities. The group’s exposure to other Group risk is minimal. Group risks are monitored and controlled by the
Company and its parent.

Financial key performance indicators

Below is a table which the Directors consider key performance indicator:
2025 2024
(£) (£)
Turnover 544,491 1,346,909
Loss on ordinary activities before taxation (810,103) (1,422,085)
Net assets / (liabilities) 1,143,027 405,176

Disclosure of information to auditors

Each of the persons who are directors at the time when this Directors' report is approved has confirmed that:

∙so far as the director is aware, there is no relevant audit information of which the Company's auditors are unaware, and

∙the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditors are aware of that information.

Auditors

The auditors, Haslers Assurance LLP, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

Page 1

RUNNYMEDE LAW LIMITED

DIRECTORS' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2025

Small companies note

In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the board on 4 June 2026 and signed on its behalf.

I L Stark

Director

Page 2

RUNNYMEDE LAW LIMITED

DIRECTORS' RESPONSIBILITIES STATEMENT

FOR THE YEAR ENDED 31 DECEMBER 2025

The directors are responsible for preparing the Directors' report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

In preparing these financial statements, the directors are required to:

∙select suitable accounting policies for the Company's financial statements and then apply them consistently;

∙make judgments and accounting estimates that are reasonable and prudent;

∙state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 3

RUNNYMEDE LAW LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF RUNNYMEDE LAW LIMITED

Opinion

We have audited the financial statements of Runnymede Law Limited (the 'Company') for the year ended 31 December 2025, which comprise the Statement of comprehensive income, the Balance sheet, the Statement of changes in equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

∙give a true and fair view of the state of the Company's affairs as at 31 December 2025 and of its loss for the year then ended;

∙have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

∙have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Emphasis of matter

We draw attention to Note 2.3 in the financial statements, which describes the directors decision to wind down the Company. Therefore the financial statements do not assume that the company will continue as a going concern.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Page 4

RUNNYMEDE LAW LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF RUNNYMEDE LAW LIMITED (CONTINUED)

Other information

The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

∙the information given in the Directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

∙the Directors' report has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors' report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

∙adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

∙the financial statements are not in agreement with the accounting records and returns; or

∙certain disclosures of directors' remuneration specified by law are not made; or

∙we have not received all the information and explanations we require for our audit; or

∙the directors were not entitled to take advantage of the small companies' exemptions in preparing the Directors' report and from the requirement to prepare a Strategic report.

Responsibilities of directors

As explained more fully in the Directors' responsibilities statement set out on page 3, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so.

Page 5

RUNNYMEDE LAW LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF RUNNYMEDE LAW LIMITED (CONTINUED)

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We obtained an understanding of the legal and regulatory frameworks that are applicable to the entity and determined that the most significant are those that:

• had a direct effect on the determination of material amounts and disclosures in the financial statements.

• These included the UK Companies Act and tax legislation etc; and

• do not have a direct effect on the financial statements but compliance with which may be fundamental to the Company’s ability to operate or to avoid a material penalty. These include operational & employmental laws and regulations such as SRA accounts Rule, AML regulation and GDPR requirement.

We obtained an understanding of how the company are complying with those legal and regulatory frameworks by making inquiries to the management.

We assessed the susceptibility of the company’s financial statements to material misstatement, including how fraud might occur. Audit procedures performed by the audit engagement team included:

Procedures performed to address these were as follows:

• Walkthrough testing was carried out to identify and assess the design effectiveness of controls, management have in place to prevent and detect fraud, including known of suspected instances or non- compliance with laws and regulations and fraud;

• Understanding how those charged with governance considered and addressed the potential for override of controls or other inappropriate influence over the financial reporting process;

• Using analytical procedures to identify any unusual or unexpected relationships that may indicate risks of
material misstatements due to fraud;

• Assessing the appropriateness of accounting estimates and challenging any significant assumptions or
judgements made by management;

• Incorporating testing of manual journal entries that were posted throughout the year. In particular we focused on material journal entries, journal entries posted with unusual account combinations, journal entries crediting revenue or cash, and journal entries with specific defined descriptions. These were scrutinised for evidence of unusual entries and

• Evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business

Page 6

RUNNYMEDE LAW LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF RUNNYMEDE LAW LIMITED (CONTINUED)

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.

Use of our report

This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.

Charalambos Patsalides ACA FCCA (Senior statutory auditor)

for and on behalf of

Haslers Assurance LLP

Chartered Accountants

Statutory Auditor

Old Station Road

Loughton

Essex

IG10 4PL

4 June 2026

Page 7

RUNNYMEDE LAW LIMITED

STATEMENT OF COMPREHENSIVE INCOME

FOR THE YEAR ENDED 31 DECEMBER 2025

	2025	2024
Note	£	£


Turnover	4	544,491	1,346,909
Cost of sales		(137,899)	82,369
Gross profit		406,592	1,429,278
Administrative expenses		(1,254,863)	(2,890,779)
Operating loss		(848,271)	(1,461,501)
Interest receivable and similar income		38,168	23,166
Loss before tax		(810,103)	(1,438,335)
Tax on loss	5	201,729	352,352
Loss for the financial year		(608,374)	(1,085,983)

There were no recognised gains and losses for 2025 or 2024 other than those included in the statement of comprehensive income.

There was no other comprehensive income for 2025 (2024:£NIL).

The notes on pages 11 to 20 form part of these financial statements.

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RUNNYMEDE LAW LIMITED

REGISTERED NUMBER: 09248715

BALANCE SHEET

AS AT 31 DECEMBER 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	6		1,479		2,541
			1,479		2,541
Current assets
Stocks		133,907		361,809
Debtors: amounts falling due within one year	8	824,805		2,209,865
Cash at bank and in hand	9	252,196		298,869
		1,210,908		2,870,543
Creditors: amounts falling due within one year	10	(69,360)		(2,521,683)
Net current assets			1,141,548		348,860
Total assets less current liabilities			1,143,027		351,401

Net assets			1,143,027		351,401

Capital and reserves
Called up share capital	11	1,000	1,000
Profit and loss account	12	1,142,027	350,401
		1,143,027	351,401

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 4 June 2026.

I L Stark

Director

The notes on pages 11 to 20 form part of these financial statements.

Page 9

RUNNYMEDE LAW LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 DECEMBER 2025

	Called up share capital	Profit and loss account	Total equity
	£	£	£
At 1 January 2025	1,000	350,401	351,401
Comprehensive income for the year
Loss for the year	-	(608,374)	(608,374)
Capital contribution	-	1,400,000	1,400,000
Total comprehensive income for the year	-	791,626	791,626
At 31 December 2025	1,000	1,142,027	1,143,027

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 DECEMBER 2024

	Called up share capital	Profit and loss account	Total equity
	£	£	£
At 1 January 2024	1,000	1,436,384	1,437,384
Comprehensive income for the year
Loss for the year	-	(1,085,983)	(1,085,983)
Total comprehensive income for the year	-	(1,085,983)	(1,085,983)
At 31 December 2024	1,000	350,401	351,401

The notes on pages 11 to 20 form part of these financial statements.

Page 10

RUNNYMEDE LAW LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.	General information

Runnymede Law Limited is a private limited company, limited by shares, domicilied in England and Wales, registration number 09248715. The registered office is Exchequer Court, 33 St. Mary Axe, London, England, EC3A 8AA. The principal activity of the company is providing solicitor services mainly to intermediary and insurance companies of the Amtrust International group.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

2.2

Financial Reporting Standard 102 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

∙the requirements of Section 7 Statement of Cash Flows;

∙the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);

∙the requirements of Section 33 Related Party Disclosures paragraph 33.7.

This information is included in the consolidated financial statements of AmTrust International Insurance Ltd as at 31/12/2025 and these financial statements may be obtained from Washington Mall, 7 Reid Street, Suite 400, Hamilton,HM11, Bermuda..

2.3

Going concern

The directors have taken the decision to wind down the Company. Therefore the financial statements do not assume that the company will continue as a going concern. Instead, they have been prepared on an alternative basis, reflecting the directors’ intention to wind up the company.

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RUNNYMEDE LAW LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.4

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

2.5

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

The invoicing cycle is finalised upon the conclusion of each legal matter and is based on a detailed recording of the case's expenses. In matters involving a client from a group company, the firm processes the full invoice amount. It then records the revenue corresponding to the solicitor services provided, with the rest of the funds being transferred to the relevant group entity. The majority of cases are fixed income cases.

2.6

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Page 12

RUNNYMEDE LAW LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

				Fixtures and fittings	-	Over 7 years
				Computer equipment	-	Over 3 to 5 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.9

Impairment of fixed assets and goodwill

Assets that are subject to depreciation or amortisation are assessed at each balance sheet date to determine whether there is any indication that the assets are impaired. Where there is any indication that an asset may be impaired, the carrying value of the asset (or cash-generating unit to which the asset has been allocated) is tested for impairment. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's (or CGU's) fair value less costs to sell and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (CGUs). Non-financial assets that have been previously impaired are reviewed at each balance sheet date to assess whether there is any indication that the impairment losses recognised in prior periods may no longer exist or may have decreased.

Page 13

RUNNYMEDE LAW LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.10

Work in progress

Work in progress represents the time incurred not yet billed as at the year end. It is valued at current charge out rates together with any cost to be disbursed.

2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.13

Creditors

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

2.14

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.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less

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RUNNYMEDE LAW LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.14

Financial instruments (continued)

impairment.

Basic 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 the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

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

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

Other financial instruments

Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss.

Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy.

3.	Judgments in applying accounting policies and key sources of estimation uncertainty

In the preparation of these financial statements, management has made judgements, estimates, and
assumptions that affect the application of accounting policies and the reported amounts of assets,
liabilities, income, and expenses.

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RUNNYMEDE LAW LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Sales	544,491	1,346,909
	544,491	1,346,909

All turnover arose within the United Kingdom.

Corporation tax
Current tax on profits for the year	(201,729)	(352,352)

Total current tax	(201,729)	(352,352)

	Deferred tax
	Total deferred tax	-	-


	Tax on loss	(201,729)	(352,352)

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RUNNYMEDE LAW LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

5.Taxation (continued)

Loss on ordinary activities before tax

(810,103)

(1,438,335)

Loss on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2024 - 25%)	(202,526)	(359,584)
Effects of:
Non-tax deductible amortisation of goodwill and impairment	1,146	5,313
Expenses not deductible for tax purposes, other than goodwill amortisation and impairment	266	472
Capital allowances for year in excess of depreciation	(422)	(515)
Adjustments to tax charge in respect of prior periods	-	1,962
Other differences leading to an increase (decrease) in the tax charge	(193)	-
Total tax charge for the year	(201,729)	(352,352)

Factors that may affect future tax charges

There were no factors that may affect future tax charges.

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RUNNYMEDE LAW LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

6.	Tangible fixed assets

	Plant and machinery	Computer equipment	Total
	£	£	£
Cost or valuation
At 1 January 2025	5,269	8,692	13,961
At 31 December 2025	5,269	8,692	13,961
Depreciation
At 1 January 2025	3,163	8,257	11,420
Charge for the year on owned assets	752	310	1,062
At 31 December 2025	3,915	8,567	12,482
Net book value
At 31 December 2025	1,354	125	1,479
At 31 December 2024	2,106	435	2,541

7.	Stocks
		2025	2024
		£	£

Work in progress	133,907	361,809
	133,907	361,809

Debtors

					2025	2024
					£	£


Trade debtors	27,968	923,672
Amounts owed by group undertakings	796,837	1,251,683
Other debtors	-	34,510
	824,805	2,209,865

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RUNNYMEDE LAW LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

9.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	252,196	298,869
	252,196	298,869

10.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	40,927	843,976
Amounts owed to group undertakings	22,594	1,561,716
Other taxation and social security	5,839	72,913
Accruals and deferred income	-	43,078
	69,360	2,521,683

11.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

1,000 (2024 - 1,000) Ordinary shares of £1.00 each	1,000	1,000

12.

Reserves

Profit and loss account

The profit and loss account represents cumulative profits and losses net of dividends and other
adjustments.

13.	Related party transactions
	The Company has taken advantage of the exemptions conferred in FRS 102 Section 33 not to disclose transactions with other group companies where 100% of the voting rights are controlled within the group.

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RUNNYMEDE LAW LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

14.	Controlling party

The Company's immediate parent undertaking is AmTrust International Limited, a company registered England & Wales. The Company's intermediary parent undertaking is AmTrust International Insurance Ltd, a company registered in Bermuda and is the smallest group in which the results of the Company are included.

The Company's ultimate parent company and controlling party is Evergreen Parent GP LLC, a company registered in the United States and is the largest group in which the results of the Company are consolidated.

Copies of the group financial statements of AmTrust International Insurance Ltd are available from Washington Mall, 7 Reid Street, Suite 400, Hamilton,HM11, Bermuda. The address of the registered office of Evergreen Parent GP LLC is 59 Maiden lane, 43rd Floor New York 10038.

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