The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

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

Castleacre Insurance Services Limited is a private company limited by shares incorporated in England and Wales. The registered office is Castleacre House, 26 High Street, Hadleigh, Ipswich, Suffolk, IP7 5AP.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Interests in subsidiaries are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in profit or loss. Transaction costs are expensed to profit or loss as incurred.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

Basic financial instruments are initially recognised at transaction value and subsequently measured at amortised cost.

Financial assets comprise cash at bank and in hand, together with trade and other debtors. A specific provision is made for debts for which recoverability is in doubt. Cash at bank and in hand is defined as all cash held in instant access bank accounts and used as working capital.

Financial liabilities held at amortised cost comprise all creditors except social security and other taxes, deferred income and provisions.

Assets and liabilities held in foreign currencies are translated to GBP at the balance sheet date at an appropriate year end exchange rate.

Share capital issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on shares issued are recognised as liabilities once they are no longer at the discretion of the company.

The tax expense represents the sum of the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

When the company acts as a lessor, leases are classified as operating leases where the company retains substantially all the risks and rewards of ownership of the underlying asset. The assets subject to operating leases are included within fixed assets and continue to be depreciated over their useful lives.

Rental income is recognised on a straight-line basis over the lease term.

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

During the year, the company changed its accounting policy in respect of fixed asset investments in subsidiaries. Previously, fixed asset investments were stated at cost less any provision for impairment. Under the revised policy, fixed asset investments are measured at fair value, with changes in fair value recognised in profit or loss.

The change has been made in order to provide more reliable and relevant information to users of the financial statements. Measuring investments in subsidiaries at fair value better reflects their current economic value and the underlying performance of the investees, rather than historical cost, which may not be indicative of their present worth.

The determination of fair value requires the use of estimation techniques and significant judgement, as described in the key sources of estimation uncertainty note.

The revised accounting policy has been applied retrospectively in accordance with FRS 102 Section 10, and comparative figures have been restated accordingly.

The company’s revised accounting policies are set out in note 1 and the impact of the change in accounting policy on the financial statements is set out below:

The investment was previously recognised at cost of £49.43. On transition to the new policy, its carrying value was restated to £782,728, resulting in an adjustment of £782,678.57 to opening reserves.

No deferred tax has been recognised in respect of the fair value uplift, as any gain arising on disposal of the investment is expected to be exempt from taxation under the Substantial Shareholding Exemption and therefore no timing difference arises.

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

This estimation arises as a result of the change in accounting policy to fair value measurement of investments in subsidiaries.

The directors have estimated the value of the investment in Castleacre Insurance (Ireland) Services Limited). This is based on a multiple of EBITDA with a weighted average of results over the past three financial years.

The directors believe the value stated within the accounts to be true, fair and accurately stated.

This estimation arises as a result of the reclassification of balances from fixed asset investments to intangible fixed assets.

The directors have estimated the value of the intangible assets recognised based on a reassessment of the underlying balances, including recalculation of values and consideration of the appropriate basis of measurement.

The directors believe the value stated within the financial statements to be true, fair and appropriately stated.

This estimation arises as a result of the judgement applied in determining the useful economic lives of the assets held, including consideration of any indicators of impairment.

The directors have estimated the appropriate depreciation and amortisation charges based on their assessment of the expected useful economic lives of the assets and the pattern of consumption of economic benefits.

The directors believe the depreciation and amortisation recognised within the financial statements to be reasonable and appropriately stated.

The average monthly number of persons (including directors) employed by the company during the year was:

During the year, Merritt Insurance Services Ltd (Company Number: 05545941), a former subsidiary, was dissolved. Prior to dissolution, the underlying book of business and customer relationships were transferred to Castleacre Insurance Services Ltd and continues to generate economic benefits.

Following this, the investment in Merritt Insurance Services Ltd has been derecognised. To the extent that value is attributable to the acquired customer relationships and ongoing business, this has been recognised as an intangible asset.

This asset is is to be reviewed annually for impairment and amortised as appropriate over its remaining useful life in accordance with FRS 102.

These financial statements are separate company financial statements for Castleacre Insurance Services Limited.

Details of the company's subsidiaries at 31 December 2025 are as follows:

Registered office addresses (all UK unless otherwise indicated):

The subsidary, Castleacre Insurance (Ireland) Services Limited began trading on 1 January 2021.

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

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 profit 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.

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

The business sublets part of its premises for rental purposes. Rental income is due in line with each tenant's individual lease agreement. The lessee does not have an option to purchase their division of premises at the expiry of the lease period.

At the year end the company owes £106,490 (2024: £286,829) to it's subsidiary. This amount has been included in other creditors.

From the 1 January 2021 there has been a service level agreement in place with Castleacre Insurance (Ireland) Services Ltd. During the year £14,837 (2024: £13,510) was received in relation to this.

In common with many businesses of our size and nature we use our auditor to prepare and submit returns to the tax authorities and provide tax advice as well as assist with the preparation of the financial statements.