SAMSUNG UNDERWRITING LIMITED

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  Material uncertainty over going concern

  As the company has ceased trading, the financial statements have been prepared on a basis other than that of going concern. This includes recognising a provision for the costs of closing down the entity. It is currently expected that the company will be wound up within the next year

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

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

Humphrey & Co Audit Services Limited

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“As the company has ceased trading, the financial statements have been prepared on a basis other than that of going concern. This includes recognising a provision for the costs of closing down the entity. It is currently expected that the company will be wound up within the next year”

Significant events

• “The company has ceased trading and will commence an orderly winding-up once existing assets have been realised and liabilities settled.”
• “Syndicate 1210 ceased underwriting in September 1998 and was closed by reinsurance with effect from 31 December 2000.”

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

Filings

20

last 12 months

Capital events

1

last 24 months

Officers appointed

0

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.