Company No: 16470554 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Rebecca Louise Marriott (Appointed 23 May 2025)
	Shaun Stephen McCabe (Appointed 23 May 2025)
	Dr Oliver Rainer Andreas Prill (Appointed 23 May 2025)
	Daniel Stephen McNally (Appointed 13 March 2026)

SECRETARY

Claire Margaret Dimond

REGISTERED OFFICE	4th Floor The Featherstone Building
	66 City Road
	London
	EC1Y 2AL
	United Kingdom

COMPANY NUMBER

16470554 (England and Wales)

AUDITOR	Deloitte LLP
	Statutory Auditor
	Fusion Point 2
	2 Dumballs Road
	Cardiff
	CF10 5BF
	United Kingdom

	Note	31.12.2025
		£
Current assets
Cash at bank and in hand		11,532
		11,532
Creditors: amounts falling due within one year	7	( 25,236)
Net current liabilities		(13,704)
Total assets less current liabilities		(13,704)
Net liabilities		( 13,704)
Capital and reserves
Called-up share capital	9	10,001
Profit and loss account		( 23,705 )
Total shareholder's deficit		( 13,704)

The notes on pages 4 to 7 form an integral part of these financial statements.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Tide Insurance Services Limited (registered number: 16470554) were approved and authorised for issue by the Board of Directors on 08 September 2026. They were signed on its behalf by:

Oliver Rainer Andreas Prill Director

1. Accounting policies

The principal accounting policies are summarised below.

General information and basis of accounting

Tide Insurance Services Limited (“the Company”) is a private company limited by shares, domiciled and incorporated in England and Wales on 23 May 2025 under company number 16470554. The registered office is 4th Floor The Featherstone Building, 66 City Road, London, United Kingdom, EC1Y 2AL.

The principal activity of the Company is that of an insurance intermediary. The Company's immediate and ultimate parent undertaking is Tide Holdings Limited, a company registered in England and Wales under company number 10366510, which holds 100% of the Company's issued ordinary share capital. Tide Holdings Limited's registered office is 4th Floor The Featherstone Building, 66 City Road, London, United Kingdom, EC1Y 2AL.

These financial statements have been prepared in accordance with Section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006. The Company is a qualifying entity for the purposes of the small companies regime under section 384 of the Companies Act 2006, and these financial statements have been prepared taking advantage of the reduced disclosure framework available to small entities.

This is the Company's first period of account, covering the period from incorporation on 23 May 2025 to 31 December 2025. Consequently there are no comparative figures.

The financial statements are prepared in sterling, which is the functional and presentational currency of the Company. Monetary amounts are rounded to the nearest whole £. The financial statements have been prepared under the historical cost convention.

As a small entity choosing to apply the reduced disclosures of Section 1A, the Company is exempt from the requirement to prepare a statement of changes in equity and a statement of cash flows (FRS 102 para 1A.7) and has not done so.

Going concern

The Company is a wholly owned subsidiary of Tide Holdings Limited. At 31 December 2025 the Company reported net liabilities of £13,704. In adopting the going concern basis of preparing the financial statements, the directors have considered the Company's forecasts and the financial support available from its parent undertaking, including capital injected after the period end (see note 8). Based on this, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future, and continue to adopt the going concern basis of accounting.

Turnover

Turnover represents commission income earned in the period, recognised in the period in which the related services are provided and shown net of VAT.

Taxation

Current tax
Current tax, including UK corporation tax, is provided at amounts expected to be paid (or recovered) using 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 at the balance sheet date, except as otherwise required by FRS 102. No deferred tax asset has been recognised in respect of losses carried forward, as there is insufficient evidence of suitable future taxable profits against which they could be recovered.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand.

Financial instruments

The Company holds only basic financial instruments as defined by FRS 102 Section 11, comprising cash at bank, trade and other creditors, and amounts due to/from Group undertakings. These are initially recognised at transaction price and subsequently measured at amortised cost.

Ordinary share capital

Ordinary shares are classified as equity. Proceeds received on issue of shares are credited to called up share capital at nominal value, with any premium credited to a share premium account.

Creditors

Creditors are recognised where the Company has a present obligation resulting from a past event that will probably result in an outflow of economic benefits, and are stated at amortised cost.

2. Critical accounting judgements and key sources of estimation uncertainty

In preparing these financial statements the directors have not had to make any judgements, estimates or assumptions that have a significant effect on the amounts recognised, other than as set out in note 1 in respect of deferred tax.

3. Employees

	Period from 23.05.2025 to 31.12.2025
	Number
Monthly average number of persons employed by the Company during the period, including directors	0

The Company had no employees during the period. The directors did not receive any remuneration from the Company in respect of their services as directors during the period.

4. Turnover

Breakdown by business class

An analysis of the Company's turnover by class of business is set out below.

	31.12.2025
	£
Commission	359

All turnover arose within the United Kingdom.

5. Administrative expenses

	Period from 23.05.2025 to 31.12.2025
	£
Audit fees*	23,988
Other compliance fees	47
Subscriptions	28
	24,063

*Fees payable to Deloitte LLP for the statutory audit of the Company.

6. Tax on loss

	Period from 23.05.2025 to 31.12.2025
	£
Current tax on loss
UK corporation tax	0
Total current tax	0
Total tax on loss	0

No tax charge or credit arises in respect of the period as the Company incurred a loss for tax purposes and no deferred tax asset has been recognised (see note 1).

7. Creditors: amounts falling due within one year

	31.12.2025
	£
Accruals	23,988
Other creditors	1,248
	25,236

8. Events after the Balance Sheet date

The following events occurred after the balance sheet date of 31 December 2025 but prior to approval of these financial statements:
● On 2 March 2026, the Company changed its name from Tide I.S. Limited to Tide Insurance Services Limited (certificate of incorporation on change of name issued by Companies House).
● On 6 March 2026, the Company received authorisation from the Financial Conduct Authority, permitting it to carry on regulated insurance distribution activities as an insurance intermediary.
● On 13 March 2026, Daniel Stephen McNally was appointed as an additional director of the Company.
● Between February and June 2026 the Company issued further ordinary shares to its parent, Tide Holdings Limited, increasing total issued ordinary share capital as follows: £700,001 (allotment of 27 February 2026, registered 3 March 2026); £870,001 (allotment of 30 March 2026); £1,020,001 (allotment of 30 April 2026); £1,200,001 (allotment of 29 May 2026); and £1,446,001 (allotment of 30 June 2026). These allotments reflect continuing capital support from the parent as the Company moves towards commencing regulated trading. Taking into account all of the allotments described above, total ordinary share capital injected by the parent since incorporation amounts to £1,446,001 as the date of approval of these financial statements.

9. Called up share capital

	31.12.2025
	£
23 May 2025 Incorporation - 1 ordinary share of £1 issued	1
6 Nov 2025 Allotment of further ordinary shares	10,000
31 Dec 2025 Called up, allotted and fully paid at the period end	10,001

Ordinary shares have a nominal value of £1 each and carry one vote each, ranking pari passu for dividends and on return of capital.

10. Profit and loss reserve

As this is the Company's first period of account, the profit and loss reserve at 31 December 2025 represents the loss for the period; there was no opening balance.

	31.12.2025
	£
Loss for the financial period	(23,705)
Profit and loss reserve at 31 December 2025	(23,705)

11. Related party transactions and parent undertaking disclosures

The Company is a wholly owned subsidiary of Tide Holdings Limited. In accordance with FRS 102 paragraph 1A.21, the Company has taken advantage of the exemption from disclosing transactions with other wholly owned members of the same group. Copies of the consolidated financial statements of Tide Holdings Limited, the Company's immediate and ultimate parent undertaking, can be obtained from Companies House or from Tide Holdings Limited's registered office at 4th Floor The Featherstone Building, 66 City Road, London, United Kingdom, EC1Y 2AL.

12. Audit Opinion

The auditor's report on the accounts for the financial period ended 31 December 2025 was unqualified.

The audit report was signed by David Rozier on behalf of Deloitte LLP.