DARAG LEGACY UK LTDActive
Key figures
Like most small UK companies, DARAG LEGACY UK LTD does not publish a profit and loss account in its latest accounts. The figures below come from the balance sheet.
Ratios
2022Balance sheet structure
Filed accounts2022
| 2022 | |
|---|---|
| Cash at bank and in hand | 10,581,000 |
| Total assets | 23,268,000 |
| Total liabilities | 11,921,000 |
| Net assets / total equity | 11,347,000 |
| Average number of employees | 0 |
A dash (—) means no accounts were filed for that year or the item is not in the accounts; 0 is a zero stated in the accounts. Small companies usually file only a balance sheet, so the profit and loss account is often missing.
Principal activity
Accounts 2022The Company is incorporated under the laws of England & Wales in the United Kingdom as a private company limited by shares, with company number 08179596. Its principal place of business is 25 Eastcheap, 4th Floor, London, United Kingdom, EC3M 1DT. The Company was acquired by DARAG Deutsche Versicherungs- und Ruckversicherungs-AG in December 2019 having received approval from the Prudential Regulation Authority in November 2019. The ultimate parent of the Company is DARAG Guernsey Ltd. Until then, the Company was controlled by 54 North Limited (incorporated in the Isle of Man), which owned 100% of the Company’s shares and was also the ultimate parent of the Company. The Company’s principal activity was that of a general non-life reinsurance company. Following its acquisition, the Company’s name was changed from One Re Ltd to DARAG Legacy UK Ltd in March 2020. During the latter part of 2018, the Company decided to stop accepting new business. The Company’s strategy is to safeguard its assets whilst managing an orderly run-off, so that it can maximise the eventual return of capital back to the shareholders whilst ensuring that the requirements of all other stakeholders are satisfied. In July 2020, the Company entered into a one-off inwards retroactive quota-share reinsurance transaction valued at $699k of risk premium with an intra-group company, DARAG Italia SpA (“DIT”), in order to utilise its surplus capital. A notification was submitted to the Prudential Regulation Authority
As described in the company's latest filed accounts.
Summary: DARAG LEGACY UK LTD
Company
DARAG LEGACY UK LTD is a private limited company registered with Companies House under company number 08179596. It was incorporated on 14 Aug 2012. Its status is active. The registered office is in London (EC3M). Its nature of business (SIC 2007) is non-life reinsurance (65202).
Accounts
The latest accounts in the database are for 2022 (period ending 31 Dec 2022); the company files full accounts. Net assets were £11,347,000. Cash at bank and in hand was £10,581,000. Total assets were £23,268,000 and total liabilities £11,921,000. The company had an average of 0 employees.
Control and charges
3 persons with significant control are registered.
Filing deadlines
The next accounts are due by 30 Sep 2027. The next confirmation statement is due by 2 May 2027.