For the financial year ended 31 December 2025 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

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

KBIS Holdings Limited (the "Company") is a private company limited by shares incorporated in England and Wales. The registered office is 7th Floor, The St Botolph Building, 138 Houndsditch, London, EC3A 7AW.

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.

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 400 of the Companies Act 2006 not to prepare consolidated accounts. The financial statements present information about the Company as an individual entity and not about its group.

KBIS Holdings Limited is a wholly owned subsidiary of Specialist Risk Insurance Solutions Limited and the results of KBIS Holdings Limited are included in the consolidated financial statements of Specialist Risk Investments Limited which are available from Companies House.

The Company has net liabilities at the balance sheet date of £14,066 (2024: £14,066). The Company's

liabilities are primarily with group entities, which continue to support the Company. Consequently, the directors

have adopted the going concern basis in the preparation of the financial statements.

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

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.

The Company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method, except for short-term payables when the recognition of interest would be immaterial.

Profit and loss account

The Company has not traded during the current and preceding year. During this time the Company received no income and incurred no expenditure and therefore no profit and loss account is presented in these financial statements.

In the opinion of the directors, the aggregate value of the Company's investment in subsidiary undertakings is not less than the amount included in the balance sheet.

The directors consider Specialist Risk Group Topco Limited, a company incorporated in the Channel Islands, to be the Company's ultimate parent undertaking. The immediate parent company is Specialist Risk Insurance Solutions Limited, whose registered office is 7th Floor, The St Botolph Building, 138 Houndsditch, London EC3A 7AW.

The ultimate controller of this Company at the date of signing the financial statements is WP Sparta Investments L.P. a fund which is managed by its General Partner, Warburg Pincus Co-Investment GP (Cayman) Ltd, a company incorporated in the Cayman Islands whose registered office is at c/o Walkers Corporate Limited, 190 Elgin Avenue, George Town, Grand Cayman KY1-9008, Cayman Islands.

The parent company of the largest group to include the Company within its consolidated financial statements is Saturn Jersey Topco Limited, a company incorporated in the Channel Islands. The smallest group is Specialist Risk Investments Limited, a company incorporated in England and Wales. Copies of the financial statements of Specialist Risk Investments Limited are available on the Companies House website.