AUL Assurance Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 06606974 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2021

for

AUL Assurance Ltd

Previously known as

AUL Technology Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S D W Johnson

AMJ Chamberlain

P A Hately

J A Kennedy

C A Scarr

G L Singleton

SECRETARY:

M J Bowe

REGISTERED OFFICE:

St Lawrence Lodge

37 Chamberlain Street

Wells

Somerset

BA5 2PQ

REGISTERED NUMBER:

06606974 (England and Wales)

ACCOUNTANTS:

Probusiness Ltd

St Lawrence Lodge

37 Chamberlain Street

Wells

Somerset

BA5 2PQ

CURRENT ASSETS

Debtors

4

1

CREDITORS

Amounts falling due within one year

5

-

(13,432,857

)

NET CURRENT ASSETS/(LIABILITIES)

1

(13,432,856

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1

(13,432,856

)

CAPITAL AND RESERVES

Called up share capital

1

Other reserves

15,356,996

-

Retained earnings

(15,356,996

)

(13,432,857

)

SHAREHOLDERS' FUNDS

1

(13,432,856

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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 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 30 September 2022 and were signed on its behalf by:

S D W Johnson - Director

1.	STATUTORY INFORMATION

AUL Assurance Ltd 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

31.12.20

£

Other debtors

1

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

31.12.20

£

Trade creditors

-

13,432,857

6.	RELATED PARTY DISCLOSURES

During the year the company was charged £1,924,139 (2020 - £1,828.512) by AUL Underwriting Agency Ltd, its holding company, in respect of costs and expenses incurred in relation to the company's application for approval by the Financial Conduct Authority.

7.	POST BALANCE SHEET EVENTS

On 25 February 2022 the holding company AUL Underwriting Agency Ltd waived repayment of all amounts paid on the company's behalf and the balance outstanding at the year end date was transferred to a capital reserve account.

On 10 March 2022 the company was authorised by the Financial Conduct Authority to conduct insurance business and on 29 April 2022 the company's name was changed from AUL Technology Ltd to AUL Assurance Ltd.

8.	ULTIMATE CONTROLLING PARTY

The controlling party is AUL Underwriting Agency Ltd.

AUL Assurance Ltd - Accounts to registrar (filleted) - small 18.2

AUL Assurance Ltd - Accounts to registrar (filleted) - small 18.2