LABUAN RE UNDERWRITING LIMITED

1. LABUAN RE UNDERWRITING LIMITED 2008-10-13 → present
2. ICAT CCM TWO LIMITED 2006-11-03 → 2008-10-13
3. MINMAR (791) LIMITED 2006-10-24 → 2006-11-03

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

PKF Littlejohn LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. The Company has negative net assets as at 31 December 2024 but the Director forecast future years to be profitable. The Company participates as an underwriting member of Lloyd's. Its underwriting is supported by Funds at Lloyd's, either made available by the Company directly (£1.4m) and by its parent company (£18.6m). The Directors are of the opinion that the Company has adequate resources to meet its underwriting and other operational obligations for the foreseeable future. Accordingly, the going concern concept has been adopted in the preparation of the Financial Statements.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

18

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Gross written premiums

  +10.4%

  £23,315,161 → £25,729,683

• Net earned premiums

  -3.7%

  £4,965,867 → £4,782,187

• Profit before tax

  -34.9%

  £769,336 → £500,622

• Equity

  +6%

  -£7,874,200 → -£7,403,312

• Claims incurred

  +23.2%

  £11,977,059 → £14,749,932

• Investment return

  -18.7%

  £518,706 → £421,569

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers