Global Re Broking Solutions Limited - Accounts to registrar (filleted) - small 18.2

Global Re Broking Solutions Limited - Accounts to registrar (filleted) - small 18.2

GLOBAL RE BROKING SOLUTIONS LIMITED - Company Information

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REGISTERED NUMBER: 07085411 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2019

FOR

GLOBAL RE BROKING SOLUTIONS LIMITED
GLOBAL RE BROKING SOLUTIONS LIMITED (REGISTERED NUMBER: 07085411)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

GLOBAL RE BROKING SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2019







DIRECTORS: P S Matthews
K M Matthews





SECRETARY: K M Matthews





REGISTERED OFFICE: 20 Havelock Road
Hastings
East Sussex
TN34 1BP





REGISTERED NUMBER: 07085411 (England and Wales)





ACCOUNTANTS: Ashdown Hurrey
Chartered Accountants & Business Advisers
20 Havelock Road
Hastings
East Sussex
TN34 1BP
Page 1
GLOBAL RE BROKING SOLUTIONS LIMITED (REGISTERED NUMBER: 07085411)

BALANCE SHEET
31 DECEMBER 2019

31.12.19 31.12.18
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,221 -

CURRENT ASSETS
Debtors 5 187,110 118,668
Cash at bank 160,757 242,317
347,867 360,985
CREDITORS
Amounts falling due within one year 6 52,058 99,665
NET CURRENT ASSETS 295,809 261,320
TOTAL ASSETS LESS CURRENT
LIABILITIES
300,030
261,320

PROVISIONS FOR LIABILITIES 340 -
NET ASSETS 299,690 261,320

CAPITAL AND RESERVES
Called up share capital 8,550 8,550
Retained earnings 291,140 252,770
SHAREHOLDERS' FUNDS 299,690 261,320

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 notes form part of these financial statements

Page 2 continued...
GLOBAL RE BROKING SOLUTIONS LIMITED (REGISTERED NUMBER: 07085411)

BALANCE SHEET - continued
31 DECEMBER 2019


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 Board of Directors and authorised for issue on 10 August 2020 and were
signed on its behalf by:





P S Matthews - Director


The notes form part of these financial statements

Page 3
GLOBAL RE BROKING SOLUTIONS LIMITED (REGISTERED NUMBER: 07085411)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2019

1. STATUTORY INFORMATION

Global Re Broking Solutions 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.

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.

The directors have made an assessment about the company's ability to continue as a going concern and they do
not consider there to be any material uncertainties. As a result they have adopted the going concern basis of
accounting.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 15% on reducing balance
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2018 - NIL ) .

Page 4 continued...
GLOBAL RE BROKING SOLUTIONS LIMITED (REGISTERED NUMBER: 07085411)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2019

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 5,113
At 31 December 2019 5,113
DEPRECIATION
Charge for year 892
At 31 December 2019 892
NET BOOK VALUE
At 31 December 2019 4,221

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.19 31.12.18
£    £   
Trade debtors 10,734 15,118
Amounts owed by group undertakings 163,811 95,000
Other debtors 12,565 8,550
187,110 118,668

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.19 31.12.18
£    £   
Trade creditors 15,294 25,645
Taxation and social security 35,923 73,179
Other creditors 841 841
52,058 99,665

Page 5
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
GLOBAL RE BROKING SOLUTIONS LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required
to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary
statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial
statements of Global Re Broking Solutions Limited for the year ended 31 December 2019 which comprise the Income
Statement, Balance Sheet and the related notes from the company's accounting records and from information and
explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Global Re Broking Solutions Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Global Re Broking Solutions Limited and state those matters that we have agreed to state to the Board of Directors of Global Re Broking Solutions Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Global Re Broking Solutions Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Global Re Broking Solutions Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Global Re Broking Solutions Limited. You consider that Global Re Broking Solutions Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Global Re Broking Solutions Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Ashdown Hurrey
Chartered Accountants & Business Advisers
20 Havelock Road
Hastings
East Sussex
TN34 1BP


28 August 2020

This page does not form part of the statutory financial statements

Page 6