| Oakeshott Insurance Group Limited |
| Registered number: |
02844271 |
| Directors' Report |
|
| The directors present their report and accounts for the year ended 30 November 2025. |
|
| Principal activities |
| The company's principal activity during the year continued to be the provision of insurance intermerdiary and consultancy services. |
|
| Directors |
| The following persons served as directors during the year: |
|
|
G V Grishin |
|
B J Pierce |
|
| Regulation |
| The company is regulated in the UK by the Financial Conduct Authority ("FCA"). An external audit |
| is carried out annually of UK client money account procedures as part of FCA requirements. |
|
| Small company provisions |
| This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
| This report was approved by the board on 11 August 2026 and signed by its order. |
|
|
|
|
|
| S O Akande |
| Secretary |
|
| Oakeshott Insurance Group Limited |
| Accountants' Report |
|
|
| Accountants' report to the directors of |
| Oakeshott Insurance Group Limited |
|
| You consider that the company is exempt from an audit for the year ended 30 November 2025. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. |
| In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. |
| We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. |
|
| Begbies |
| Chartered Accountants |
|
| 9 Bonhill Street |
| London |
| EC2A 4DJ |
|
| 11 August 2026 |
|
| Oakeshott Insurance Group Limited |
| Registered number: |
02844271 |
| Balance Sheet |
| as at 30 November 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Current assets |
| Debtors |
3 |
|
4,762,713 |
|
|
4,253,826 |
| Cash at bank and in hand |
|
|
1,086,247 |
|
|
1,100,062 |
|
|
|
5,848,960 |
|
|
5,353,888 |
|
| Creditors: amounts falling due within one year |
4 |
|
(5,349,778) |
|
|
(4,659,223) |
|
| Net current assets |
|
|
|
499,182 |
|
|
694,665 |
|
| Net assets |
|
|
|
499,182 |
|
|
694,665 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
11,000 |
|
|
11,000 |
| Profit and loss account |
|
|
|
488,182 |
|
|
683,665 |
|
| Shareholders' funds |
|
|
|
499,182 |
|
|
694,665 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. |
|
|
|
|
| B J Pierce |
| Director |
| Approved by the board on 11 August 2026 |
|
| Oakeshott Insurance Group Limited |
| Notes to the Accounts |
| for the year ended 30 November 2025 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover represents amounts invoiced for gross brokerage and consultancy income. |
|
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Plant and machinery |
over 4 years |
|
|
Insurance debtors and insurance creditors |
|
The company usually acts as an agent in placing the insurable risks of its clients with insurers and, as such, generally is not liable as principal for amounts arising from such transactions. Notwithstanding these legal relationships, debtors and creditors arising from insurance transactions are shown as assets and liabilities. This recognises that the company is entitled to retain the investment income on any cash flows arising from these transactions. |
|
The position of the company as agent means that generally the credit risk is borne by the principal. There can be circumstances where the company acquires credit risk - through statute, or through the act or omission of the company or of one of the principals. There is much legal uncertainty surrounding the circumstances and the extent of such exposures and consequently they cannot be evaluated. However the total of insurance debtors appearing in the balance sheet is not necessarily a reliable indication of credit risk. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
|
|
|
Foreign currency translation |
|
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
|
|
Leased assets |
|
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
12 |
|
9 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 3 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
4,686,057 |
|
4,158,465 |
|
Prepayments and other debtors |
|
71,655 |
|
85,872 |
|
Corporation tax recoverable |
|
|
|
|
5,001 |
|
5,001 |
|
Director's loans |
- |
|
4,488 |
|
|
|
|
|
|
4,762,713 |
|
4,253,826 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade creditors |
5,072,311 |
|
4,213,528 |
|
Taxation and social security costs |
142,673 |
|
211,968 |
|
Other creditors |
134,794 |
|
233,727 |
|
|
|
|
|
|
5,349,778 |
|
4,659,223 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Other financial commitments |
2025 |
|
2024 |
| £ |
£ |
|
|
Total future minimum payments under non-cancellable operating leases |
|
36,499 |
|
36,000 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Other information |
|
|
Oakeshott Insurance Group Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
3 Lloyd's Avenue |
|
London |
|
EC3N 3DS |
|
|
|
| 9 |
Related party transactions - Loan to a director |
|
Included in debtors is the following: |
|
|
At 1/12/2024 |
Advanced |
Repaid |
at 30/11/2025 |
|
|
B J Pierce |
4,488 |
|
- |
|
(4,488) |
|
- |
|
|
|
|
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