The item "Excess of assets over liabilities" reported in Balance sheet should be equal to the "Total assets" minus "Total liabilities" (IR.02.01, Bank of England rule IR_bv0548_02)

The rule in plain words

This is a blocking check. A return that fails it is normally rejected, so fix it before you submit. It runs only when your filing indicators mark IR.02.01 as reported.

The cells it reads

Which returns it applies to

Line4 Check runs it on quarterly solo (QRS) and quarterly group (QRG) returns on Bank of England taxonomy 2.2.0. The Bank of England applies it to quarterly solo (QRS) and quarterly group (QRG) returns, as a blocking check.

The Bank’s own words and formula

In the Bank of England’s list of validations, word for word:

The item "Excess of assets over liabilities" reported in IR.02.01.02.01 - Balance sheet should be equal to the "Total assets" minus "Total liabilities".

Other rules on Balance sheet (IR.02.01)

Every Solvency UK rule on IR.02.01

Checks like this one, run at the point of submission, are the first step to real-time supervision. Line4 builds SupTech software for financial regulators that runs checks like these as each return arrives.