Insurercore Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09784095 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2020

for

INSURERCORE LTD

Page

Balance Sheet

1

FIXED ASSETS

4,560

2,569

CURRENT ASSETS

214,697

109,505

CREDITORS

Amounts falling due within one year

(292,709

)

(74,779

)

NET CURRENT (LIABILITIES)/ASSETS

(78,012

)

34,726

TOTAL ASSETS LESS CURRENT LIABILITIES

(73,452

)

37,295

CREDITORS

Amounts falling due after more than one year

343,128

774,084

NET LIABILITIES

(416,580

)

(736,789

)

CAPITAL AND RESERVES

(416,580

)

(736,789

)

NOTES TO THE FINANCIAL STATEMENTS

1.	STATUTORY INFORMATION

Insurercore Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

09784095

Registered office:

20 St. Dunstan's Hill

London

EC3R 8HL

2.	AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was 4 (2019 - 4 ) .

3.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At 31 December 2020 the following amounts were owed to the Directors:

Mr P Clarke £357,929 (2019 - £368,884)

Mr A Clarke £5,000 (2019 - £125,000)

4.	GOING CONCERN

The company balance sheet shows net current liabilities of £78,012.

The Directors have reviewed the position and consider the company to be a going concern. The current liabilities include a £200,000 loan which is due to be repaid in the year ended 31 December 2021. At this point in time the loan is repayable, but it is expected that at least part of the loan may be extended or converted into share capital instead.

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 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 financial statements have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 19 January 2021 and were signed on its behalf by:

P J Clarke - Director