Line4

1 min readBlockingBank of England taxonomy 2.2.0Updated 11 November 2026

The item "Total assets" reported in Balance sheet should be equal to the sum of the different items reported above (IR.02.01, Bank of England rule IR_bv0685_02)

A blocking check on the balance sheet template (IR.02.01), in the quarterly solo (QRS) and quarterly group (QRG) returns.

Check your file for this ruleWhat to do if it fails

The rule in plain words

The item "Total assets" reported in Balance sheet (IR.02.01.02.01) should be equal to the sum of the different items reported above

What to do if your return fails it

  1. 01Open the table below and find the cells the rule reads.
  2. 02Add up the parts in your return and compare the result with the total.
  3. 03If they differ, a part is missing, a value sits in the wrong cell, or the total is out of date.
  4. 04The Bank of England allows a small rounding difference, worked out from the decimals each value is reported with.
  5. 05It runs only when your filing indicators mark IR.02.01 as reported.
  6. 06This is a blocking check. A return that fails it is normally rejected, so fix it before you submit.

The cells it reads

Balance sheet (IR.02.01.02.01)

Rows

  • R0030Intangible assets
  • R0040Deferred tax assets
  • R0050Pension benefit surplus
  • R0060Property, plant & equipment held for own use
  • R0070Investments (other than assets held for index-linked and unit-linked contracts)
  • R0220Assets held for index-linked and unit-linked contracts
  • R0230Loans and mortgages
  • R0270Reinsurance recoverables from:
  • R0350Deposits to cedants
  • R0360Insurance and intermediaries receivables
  • R0370Reinsurance receivables
  • R0380Receivables (trade, not insurance)
  • R0390Own shares (held directly)
  • R0400Amounts due in respect of own fund items or initial fund called up but not yet paid in
  • R0410Cash and cash equivalents
  • R0420Any other assets, not elsewhere shown
  • R0500Total assets

Column

  • C0010Solvency II value

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 "Total assets" reported in IR.02.01.02.01 - Balance sheet should be equal to the sum of the different items reported above.
Show the formulaShow

The Bank of England's formula. Cells are written as {t: table, r: row, c: column}.

{t: IR.02.01.02.01, r: R0500, c: C0010} = {t: IR.02.01.02.01, r: R0030, c: C0010} + {t: IR.02.01.02.01, r: R0040, c: C0010} + {t: IR.02.01.02.01, r: R0050, c: C0010} + {t: IR.02.01.02.01, r: R0060, c: C0010} + {t: IR.02.01.02.01, r: R0070, c: C0010} + {t: IR.02.01.02.01, r: R0220, c: C0010} + {t: IR.02.01.02.01, r: R0230, c: C0010} + {t: IR.02.01.02.01, r: R0270, c: C0010} + {t: IR.02.01.02.01, r: R0350, c: C0010} + {t: IR.02.01.02.01, r: R0360, c: C0010} + {t: IR.02.01.02.01, r: R0370, c: C0010} + {t: IR.02.01.02.01, r: R0380, c: C0010} + {t: IR.02.01.02.01, r: R0390, c: C0010} + {t: IR.02.01.02.01, r: R0400, c: C0010} + {t: IR.02.01.02.01, r: R0410, c: C0010} + {t: IR.02.01.02.01, r: R0420, c: C0010}

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.