IRIS Accounts Production v26.1.10.61 04013173 Board of Directors 1.1.25 31.12.25 31.12.25 false true false false true false Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 04013173 2024-12-31 04013173 2025-12-31 04013173 2025-01-01 2025-12-31 04013173 2023-12-31 04013173 2024-01-01 2024-12-31 04013173 2024-12-31 04013173 ns15:EnglandWales 2025-01-01 2025-12-31 04013173 ns14:PoundSterling 2025-01-01 2025-12-31 04013173 ns10:Director1 2025-01-01 2025-12-31 04013173 ns10:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 04013173 ns10:SmallEntities 2025-01-01 2025-12-31 04013173 ns10:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 04013173 ns10:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 04013173 ns10:FullAccounts 2025-01-01 2025-12-31 04013173 ns10:OrdinaryShareClass1 2025-01-01 2025-12-31 04013173 ns10:Director2 2025-01-01 2025-12-31 04013173 ns10:CompanySecretary1 2025-01-01 2025-12-31 04013173 ns10:RegisteredOffice 2025-01-01 2025-12-31 04013173 ns5:CurrentFinancialInstruments 2025-12-31 04013173 ns5:CurrentFinancialInstruments 2024-12-31 04013173 ns5:ShareCapital 2025-12-31 04013173 ns5:ShareCapital 2024-12-31 04013173 ns5:RetainedEarningsAccumulatedLosses 2025-12-31 04013173 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 04013173 ns5:FurnitureFittings 2025-01-01 2025-12-31 04013173 ns5:ComputerEquipment 2025-01-01 2025-12-31 04013173 ns5:FurnitureFittings 2024-12-31 04013173 ns5:ComputerEquipment 2024-12-31 04013173 ns5:FurnitureFittings 2025-12-31 04013173 ns5:ComputerEquipment 2025-12-31 04013173 ns5:FurnitureFittings 2024-12-31 04013173 ns5:ComputerEquipment 2024-12-31 04013173 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-12-31 04013173 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31 04013173 ns5:DeferredTaxation 2024-12-31 04013173 ns5:DeferredTaxation 2025-12-31 04013173 ns10:OrdinaryShareClass1 2025-12-31 04013173 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 04013173 ns5:RetainedEarningsAccumulatedLosses 2025-01-01 2025-12-31

REGISTERED NUMBER: 04013173 (England and Wales)

| UNDERWRITING & GENERAL INSURANCE |

| SERVICES LIMITED |

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 DECEMBER 2025 |

| UNDERWRITING & GENERAL INSURANCE |

| SERVICES LIMITED (REGISTERED NUMBER: 04013173) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| UNDERWRITING & GENERAL INSURANCE |

| SERVICES LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2025

| DIRECTORS: | Mr P Adamou BSc, MCMI, FPC

| Mr P Georgiou FPC

| SECRETARY: | Mr P Adamou BSc, MCMI, FPC

| REGISTERED OFFICE: | South Point House

| 321 Chase Road

| Southgate

| London

| N14 6JT

| REGISTERED NUMBER: | 04013173 (England and Wales)

| ACCOUNTANTS: | Christiansons Ltd

| Chartered Certified Accountants

| Sterling House

| Fulbourne Road

| Walthamstow

| London

| E17 4EE

| UNDERWRITING & GENERAL INSURANCE |

| SERVICES LIMITED (REGISTERED NUMBER: 04013173) |

BALANCE SHEET

31 DECEMBER 2025

| 31.12.25 | 31.12.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 19,028 |  | 21,353 |  |

CURRENT ASSETS

Debtors | 5 | 458,072 |  | 466,341 |  |

Cash at bank and in hand | 271,609 |  | 139,720 |  |

729,681 |  | 606,061 |  |

CREDITORS

Amounts falling due within one year | 6 | 522,331 |  | 398,394 |  |

NET CURRENT ASSETS | 207,350 |  | 207,667 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 226,378 |  | 229,020 |  |

PROVISIONS FOR LIABILITIES | 7 | 3,562 |  | 3,992 |  |

NET ASSETS | 222,816 |  | 225,028 |  |

CAPITAL AND RESERVES

Called up share capital | 8 | 100 |  | 100 |  |

Retained earnings | 9 | 222,716 |  | 224,928 |  |

SHAREHOLDERS' FUNDS | 222,816 |  | 225,028 |  |

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 directors acknowledge their 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.

| UNDERWRITING & GENERAL INSURANCE |

| SERVICES LIMITED (REGISTERED NUMBER: 04013173) |

BALANCE SHEET - continued

31 DECEMBER 2025

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 Board of Directors and authorised for issue on 1 June 2026 and were signed on its behalf by:

Mr P Adamou BSc, MCMI, FPC - Director

| UNDERWRITING & GENERAL INSURANCE |

| SERVICES LIMITED (REGISTERED NUMBER: 04013173) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1. | STATUTORY INFORMATION

| Underwriting & General Insurance Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

| Turnover

| Turnover represents gross commission and service charges receivable, which is recognised as income once the policy is issued.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Fixtures and fittings | - | 15% on cost

| Computer equipment | - | 20% on cost

| 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.

| Foreign currencies

| 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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| 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.

| UNDERWRITING & GENERAL INSURANCE |

| SERVICES LIMITED (REGISTERED NUMBER: 04013173) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

3. | EMPLOYEES AND DIRECTORS

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

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| and |  | Computer |

| fittings |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 January 2025 | 40,720 |  | 54,370 |  | 95,090 |  |

| Additions | - |  | 2,138 |  | 2,138 |  |

| At 31 December 2025 | 40,720 |  | 56,508 |  | 97,228 |  |

| DEPRECIATION

| At 1 January 2025 | 22,989 |  | 50,748 |  | 73,737 |  |

| Charge for year | 3,129 |  | 1,334 |  | 4,463 |  |

| At 31 December 2025 | 26,118 |  | 52,082 |  | 78,200 |  |

| NET BOOK VALUE

| At 31 December 2025 | 14,602 |  | 4,426 |  | 19,028 |  |

| At 31 December 2024 | 17,731 |  | 3,622 |  | 21,353 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.12.25 |  | 31.12.24

£ | £ |

| Trade debtors | 374,933 |  | 463,407 |  |

| Other debtors | 80,000 |  | - |  |

| Prepayments and accrued income | 3,139 |  | 2,934 |  |

458,072 |  | 466,341 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.12.25 |  | 31.12.24

£ | £ |

| Trade creditors | 378,003 |  | 281,966 |  |

| Amounts owed to group undertakings | 67,044 |  | 44,054 |  |

| Corporation tax | 9,245 |  | 9,609 |  |

| Social security and other taxes | 1,429 |  | 3,691 |  |

| Other creditors | 4,967 |  | 5,089 |  |

| Amounts owed to related company | 16,168 |  | 16,168 |  |

| Directors' loan accounts | 3,076 |  | 3,063 |  |

| Accruals and deferred income | 42,399 |  | 34,754 |  |

522,331 |  | 398,394 |  |

| UNDERWRITING & GENERAL INSURANCE |

| SERVICES LIMITED (REGISTERED NUMBER: 04013173) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

7. | PROVISIONS FOR LIABILITIES

| 31.12.25 |  | 31.12.24

£ | £ |

| Deferred tax | 3,562 |  | 3,992 |  |

| Deferred |

| tax |

£ |

| Balance at 1 January 2025 | 3,992 |  |

| Accelerated capital allowances | (430 | ) |

| Balance at 31 December 2025 | 3,562 |  |

8. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.12.25 |  | 31.12.24

| value: | £ | £ |

| 100 | Ordinary | £1 | 100 |  | 100 |  |

9. | RESERVES

| Retained

| earnings

£ |

| At 1 January 2025 | 224,928 |  |

| Deficit for the year | (2,212 | ) |

| At 31 December 2025 | 222,716 |  |

10. | TRANSACTIONS WITH DIRECTORS

| During the year, the company has paid commissions to Mr P Georgiou a director and a shareholder of the company in the sum of £27,750 (2024 : £5,000).

11. | RELATED PARTY DISCLOSURES

| The bank overdraft is secured by personal guarantees given by the directors for £10,000.

12. | ULTIMATE CONTROLLING PARTY

| The company is controlled by IPS Terroni Insurance Services Limited, by virtue of holding the entire ordinary share capital of the company. There is no overall control of IPS Terroni Insurance Services Limited by any one person.