REGISTERED NUMBER: 08317678 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

BATTLEFACE INSURANCE SERVICES

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr A Gainullin

REGISTERED OFFICE:

Granville Hall

Granville Road

Leicester

Leicestershire

LE1 7RU

REGISTERED NUMBER:

08317678 (England and Wales)

ASSETS

FIXED ASSETS

Tangible assets

4

1,375

3,698

CURRENT ASSETS

Debtors

5

1,989,988

1,213,161

Cash at bank

585,860

752,110

2,575,848

1,965,271

2,577,223

1,968,969

CAPITAL, RESERVES AND LIABILITIES

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(4,242,064

)

(3,716,119

)

(4,241,964

)

(3,716,019

)

CREDITORS

6

6,819,187

5,684,988

2,577,223

1,968,969

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 director acknowledges his 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.

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 director and authorised for issue on 24 July 2026 and were signed by:

Mr A Gainullin - Director

1.	STATUTORY INFORMATION

Battleface 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Going concern basis

The financial statements have been prepared on a going concern basis. Continuing trade depends on the continued support of the group and related parties. Should the company be unable to continue to trade, adjustments would have to be made to reduce the value of the assets to their recoverable amounts to provide for any further liabilities which might arise.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Summary of significant accounting policies

The significant accounting policies applied in the preparation of these accounts are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. The company has adopted FRS 102 Section 1A in these accounts.

Turnover

Turnover represents brokerage arising from the placement of insurance contracts by the Company.

Brokerage income is recognised at the date of inception of the underlying insurance contract subject to the policy having been substantially completed and subject to a deferral of brokerage in respect of post placement services that constitute obligations of the Company under those contracts. Adjustments relating to additional premiums and/or return premiums are accounted for as they arise. Income from monthly declarations is recognised when the declarations are received.

Commission income is recognised as revenue when the entity has performed the related service and the amount can be measured reliably. Income is recorded at the point the entity becomes entitled to consideration and it is probable that economic benefits will flow to the entity.

Where commission includes variable elements, revenue is recognised only to the extent that it is highly probable that no significant reversal will occur. Commission received in advance is recognised as deferred income; amounts due for completed services are recognised as trade receivables.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Computer equipment

-

33% 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 at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated 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.

Going concern

For the year ended 31 December 2025 the company made a loss before taxation of £525,945 (2024: £1,091,531), and as at this date, there were overall net liabilities of £4,242,064 (2024 :£3,716,019). Continuation of trade therefore depends on the continued support from the company's parent and group companies. Accordingly these accounts have been prepared on the Going Concern basis, as it is the director's opinion that with group support the company can continue to trade for the foreseeable future. This time frame being at least one year from the date of signing of the balance sheet. Should the company be unable to trade, adjustments would have to be made to reduce the assets to their recoverable amount, to provide for any further liabilities which may arise, and to reclassify fixed assets as current assets.

Debtors

Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. 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.

Creditors

Short term trade 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.

Insurance debtors and creditors

The company acts as an agent in broking the insurable risks of its clients and, generally, is not liable as principal for premiums due to underwriters nor for claims payable to clients. Notwithstanding the company's legal relationship with clients and underwriters and since, in practice, premium and claims monies are usually accounted for by insurance intermediaries, it has shown cash, debtors and creditors relating to insurance business as assets and liabilities of the company itself.

The company has followed generally accepted accounting practice and offsets debtors and creditors from insurance broking transactions only where it is legally enforceable.

Cash at bank relating to insurance activities is held in a non-statutory trust, and is not readily available to meet the company's day to day working capital requirements.

Provisions

Provisions (i.e. liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2024 - 18 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 January 2025

25,780

Additions

743

Disposals

(1,749

)

At 31 December 2025

24,774

DEPRECIATION

At 1 January 2025

22,082

Charge for year

2,386

Eliminated on disposal

(1,069

)

At 31 December 2025

23,399

NET BOOK VALUE

At 31 December 2025

1,375

At 31 December 2024

3,698

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

83,504

24,919

Amounts owed by group undertakings

1,787,834

1,058,541

Other debtors

118,650

129,701

1,989,988

1,213,161

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

120,888

253,493

Amounts owed to group undertakings

6,289,755

5,096,490

Taxation and social security

30,184

41,208

Other creditors

378,360

293,797

6,819,187

5,684,988

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Battleface, Inc.

Delaware, USA, registered number 7339529.

8.	PENSION COMMITMENTS

The company operates defined contribution pension schemes. The assets of the schemes are held separately from those of the company within independently administered funds. The total contributions paid in the year amounted to £38,131 (2024 - £95,561). Contributions of £31,927 (2024 - £61,234) were unpaid at the year end.