ACCOUNTS - Final Accounts

Analysis of the maturity of loans is given below:

Registered number: 15284650

UMBRL LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025


UMBRL LTD

CONTENTS

	Page
Statement of Financial Position	1
Notes to the Financial Statements	2 - 6


UMBRL LTD REGISTERED NUMBER:15284650

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2025

		2025		2024
Note		£		£

Fixed assets
Intangible assets			69,689		-
Current assets
Debtors: amounts falling due within one year	5	8,024		82,665
Cash at bank and in hand		6,283		30,498
		14,307		113,163
Current liabilities
Creditors: amounts falling due within one year	6	(291,463)		(70,871)
Net current (liabilities)/assets			(277,156)		42,292
Creditors: amounts falling due after more than one year			(253,390)		-

Net (liabilities)/assets			(460,857)		42,292

Capital and reserves
Called up share capital	9	120	120
Share premium account		499,980	499,980
Profit and loss account		(960,957)	(457,808)
		(460,857)	42,292

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 13 July 2026.

B Colas

Director

The notes on pages 2 to 6 form part of these financial statements.

Page 1


UMBRL LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.	General information

Umbrl Ltd is a private limited liability company registered in England and Wales. Its registered office and business address is at 2 Jubilee Place, London, SW3 3TQ.

The principal activity of the company during the year was insurance brokerage (Insurance MGA). It is an authorised representative of an FCA regulated business.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

2.2

Going concern

The company made losses during the period and had net current liabilities and net liabilities position at the year end. The directors have forecasted that the company will be increasing income post year end and will be making profits by the next year. The directors have further obtained assurance from the parent company for support so that it will be able to carry on trading and meet its financial obligations as and when they fall due for at least twelve months from the date the accounts are approved. Therefore the accounts have been prepared under the going concern basis.

2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is pound sterling.

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.

2.4

Turnover

Turnover comprises revenue recognised by the company in respect of services supplied during the year, exclusive of Value Added Tax.

Income from the provision of support services is recognised when the services are provided.

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UMBRL LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.5

Interest income

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

2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.8

Pensions

Defined contribution pension plan

The Company contributes to a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

2.9

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 reporting date in the countries where the Company operates and generates income.

2.10

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

The estimated useful lives range as follows:

Software development

years

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UMBRL LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.11

Basic financial instruments

The company enters into transactions that result in basic financial instruments such as trade and other debtors, trade and other creditors, and cash and cash equivalents.

Trade and other debtors are recognised initially at the transaction price less attributable transaction costs.

Trade and other creditors are recognised initially at transaction price plus attributable transaction costs. Subsequently they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade and other debtors.

Cash and cash equivalents comprise of cash in hand and bank balances.

Employees

The average monthly number of employees, including directors, during the year was 12 (2024 - 12).

4.	Intangible assets

		Computer software
		£
	Cost
	Additions	69,689
	At 31 December 2025	69,689

	Net book value
	At 31 December 2025	69,689

Page 4


UMBRL LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Debtors

					2025	2024
					£	£


Amounts owed by group undertakings	-	76,390
Other debtors	2,350	100
Prepayments and accrued income	5,674	6,175
	8,024	82,665

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

Trade creditors	3,008	9,324
Amounts owed to group undertakings	276,833	-
Other taxation and social security	1,434	28,119
Other creditors	461	6,075
Accruals and deferred income	9,727	27,353
	291,463	70,871

7.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

	Other loans	253,390	-


Amounts falling due 1-2 years
Other loans	253,390	-

Page 5


UMBRL LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

9.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

120 Ordinary shares of £1.00 each	120	120

10.	Pension commitments

The company contributes to a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £24,268 (2024 - £11,049). Contribution totaling £461 (2024 - £5,061) were payable to the fund at the reporting date and are included in creditors.

11.	Controlling party

The immediate parent undertaking is 80 Financial Holdings Ltd, a company registered in Guernsey.

The ultimate parent undertaking is 81 Limited, a company registered in Guernsey.

12.	Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2025 was unqualified.

In their report, the auditors emphasised the following matter without qualifying their report:

Material uncertainty related to going concern

We draw attention to note 2.2 in the financial statements, which indicates that the company has net liabilities at reporting date and, in order to continure trading, is reliant on continuing financial support from 80 Financial Holdings Limited. As stated in note 2.2, these events or conditions, along with the other matters as set forth in note 2.2, indicate that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern. Our opinion is not modified in respect of this matter.

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.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

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

The audit report was signed on 13 July 2026 by Martyn Atkinson FCA (Senior Statutory Auditor) on behalf of Sopher + Co LLP.

Page 6