Registration number: 12007355

PMJ Risk Solutions Limited

Statement of Financial Position as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	80,978	17,824
Current assets
Debtors	5	6,690	3,943
Cash at bank and in hand		682,041	536,208
		688,731	540,151
Creditors: Amounts falling due within one year	6	(148,301)	(112,052)
Net current assets		540,430	428,099
Total assets less current liabilities		621,408	445,923
Creditors: Amounts falling due after more than one year	6	(48,427)	-
Provisions for liabilities		(20,245)	(4,456)
Net assets		552,736	441,467
Capital and reserves
Called up share capital		100	100
Share premium reserve		309,900	309,900
Retained earnings		242,736	131,467
Shareholders' funds		552,736	441,467

For the financial year ending 31 December 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 in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

PMJ Risk Solutions Limited

Statement of Financial Position as at 31 December 2025

Approved and authorised by the Board on 15 June 2026 and signed on its behalf by:
 

.........................................

Mr I Munden

Director

.........................................

Mr D W Jones

Director

.........................................

Mr R G Parker

Director

Company registration number: 12007355

PMJ Risk Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 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:
Metropolitan House
Suite 7 3rd Floor
38-40 High Street
Croydon
CR0 1YB

The principal activity of the company is that of insurance brokers acting as agents.

2	Accounting policies

Statement of compliance

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' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

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.

Going concern

The company made a profit for the year ended 31 December 2025 and had net assets at that date amounting to £552,736 including cash at bank of £682,041. The company's cash flow forecasts indicate that the company has sufficient working capital for a period exceeding twelve months from the date of approval of the financial statements.

On the basis of the above, and after making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

Revenue recognition

Turnover consists of brokerage, commission and fees receivable for the arrangement of insurance in the normal course of the company's activities and is stated net of IPT and any discounts or rebates.

The company recognises commission and fees arising from insurance broking activities on the effective date that the insurance policy commences.

PMJ Risk Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position 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
Furniture, fittings and equipment	20% straight line
Motor vehicles	20% reducing balance

Insurance broking assets and liabilities

The company, in the course of carrying on insurance broking activities, handles client money in accordance with the Financial Authority Client Asset Sourcebook rules. Under these rules, the company co-mingles monies defined as belonging to clients and monies defined as belonging to insurers (known as risk transfer monies) in segregated bank accounts that are subject to a statutory trust.

In addition to economic benefit derived from the retention of investment income, the company also has control over the operation of the bank accounts in relation to the settlement of accounts with other intermediaries, clients, insurers and market settlement bureaux.

Given the nature of the trust arrangements under which monies are held and the control that the company exerts over the operation of the segregated bank accounts, the Directors consider it appropriate to disclose only the net balance of insurance broking assets and liabilities as an asset of the company itself, representing income due and payable to the company for its own bank account to be transferred from the segregated bank accounts at the appropriate time in accordance with FCA Client Asset Sourcebook rules.

PMJ Risk Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Finance leases and hire purchase

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Statement of Financial Position as a finance lease obligation.

Lease payments are apportioned between finance costs in the Income Statement and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Assets held under hire purchase contracts are capitalised at the lesser of fair value or present value of minimum lease payments in the statement of financial position. The present value of the minimum lease payments is calculated using the interest rate implicit in the lease. A corresponding liability is recognised at the same value in the statement of financial position. The asset is then depreciated over its useful life.

The minimum lease payments are apportioned between the finance charge recognised in the income statement and the reduction of the outstanding liability using the effective interest method. The finance charge in each period is allocated so as to produce a constant periodic rate of interest on the remaining balance of the liability.

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. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

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.

PMJ Risk Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company during the year, was 12 (2024 - 11).

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 January 2025	41,398	-	41,398
Additions	6,734	63,830	70,564
At 31 December 2025	48,132	63,830	111,962
Depreciation
At 1 January 2025	23,574	-	23,574
Charge for the year	5,282	2,128	7,410
At 31 December 2025	28,856	2,128	30,984
Carrying amount
At 31 December 2025	19,276	61,702	80,978
At 31 December 2024	17,824	-	17,824

PMJ Risk Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

5

Debtors

	2025 £	2024 £
Trade debtors	3,193	-
Other debtors	3,497	3,943
	6,690	3,943

At 31 December 2025 the company held the following amounts as agent in respect of insurance broking which are not reflected in the statement of financial position.

	2025		2024
	£		£
Amounts receivable from clients	704,045		723,372
Segregated bank accounts related to insurance broking	233,072		300,174
Amounts due to Insurance companies	(937,117)		(1,023,546)
	-		-

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Loans and borrowings	7	8,060	-
Trade creditors		-	3,915
Taxation and social security		136,908	106,317
Accruals and deferred income		1,820	1,820
Other creditors		1,513	-
		148,301	112,052