Lloyd’s Syndicate Reporting
Lloyd’s Syndicate Reporting
About Lloyd’s of London
Lloyd’s of London has taken a great lead of transforming the periodic Accounts and Schedule 3 reports lodged by its Syndicates to XBRL / inline XBRL format beginning January 2025. This initiative is aimed at bringing in standardization and comparability, improved data validation and extraction, better accessibility, and data-driven audit by Lloyd’s of London.
DataTracks Outsourced Service
DataTracks provides an end-to-end service of converting your necessary regulatory reports in Word or PDF or Excel formats to XBRL / inline XBRL format. With a pool of experts on board having proficiency on UK GAAP, DataTracks boasts strict adherence to quality of XBRL tags.
Features
iXBRL Proficiency
Our in-house reporting software has the capability to generate XBRL / iXBRL reports in various reporting frameworks. The tagging engine is consistently up to date with the changes in taxonomies and corresponding validation rules.
Rich-design Capability
You do not need to draft your statutory reports in multiple formats – one for the market in rich design and another for regulatory submission. Our software accepts rich design PDF and produces iXBRL outputs, whereby the same design layout is retained.
We’re with you
Our Account Managers intently help you navigate through the new reporting requirement that involves change to the report preparation process, output format, and validation rules.
Quick Turnaround Times
Our experienced crew of experts can deliver the XBRL-tagged output in as little as 3 days for the first time conversion and within a day for revisions enabling you to meet the filing deadline with ease. Have last-minute changes? We can deliver these changes within few hours, enabling you to file comfortably within the deadline.
Service Delivery Standards
We are certified for ISO 27001:2022 Information security management, ISO 9001:2015 Quality management system by TUV of Germany. As per ISAE 3402 guidelines, we are audit compliant with service organisation controls.
Online Reviewers’ Guide
We deliver our outputs through Online Reviewers Guide (ORG), that allows you to preview the reports, execute validation, review tagging decisions and even make comments or suggest changes to the document, and compare between multiple versions. ORG facilitates powerful collaboration between internal and external users and auditors in signing-off on the reports.
Benefits
- A pool of trained GAAP experts assuring best element selection
- Error-free XBRL conversion
- Industry leading Turnaround time
- Seamless handling of last-minute changes
- Ability to handle large volume of documents in short filing window
- Invite auditors to review and sign-off using our online platform (ORG)
Featured Content
Why is iXBRL tagging necessary for CT600 filing?
What information needs to be tagged in the CT600 filing process?
What are the benefits of using a managed tagging service to create iXBRL accounts and tax computations?
There are a number of benefits to using a managed tagging service to create iXBRL accounts and tax computations, including:
- Accuracy : Managed tagging services have the expertise and experience to ensure that your iXBRL accounts and tax computations are tagged accurately and consistently.
- Efficiency : Managed tagging services can help you to save time and resources by preparing your iXBRL accounts and tax computations for you.
- Compliance : Managed tagging services can help you to ensure that your iXBRL accounts and tax computations comply with HMRC’s requirements.