Caseware UK (AP4) 2021.0.152 2021.0.152 2021-03-312021-03-31false2No description of principal activitytrue2true2020-04-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08254754 2020-04-01 2021-03-31 08254754 2021-03-31 08254754 2019-04-01 2020-03-31 08254754 2020-03-31 08254754 c:Director1 2020-04-01 2021-03-31 08254754 d:CurrentFinancialInstruments 2021-03-31 08254754 d:CurrentFinancialInstruments 2020-03-31 08254754 d:CurrentFinancialInstruments d:WithinOneYear 2021-03-31 08254754 d:CurrentFinancialInstruments d:WithinOneYear 2020-03-31 08254754 d:ShareCapital 2021-03-31 08254754 d:ShareCapital 2020-03-31 08254754 d:RetainedEarningsAccumulatedLosses 2021-03-31 08254754 d:RetainedEarningsAccumulatedLosses 2020-03-31 08254754 c:FRS102 2020-04-01 2021-03-31 08254754 c:AuditExempt-NoAccountantsReport 2020-04-01 2021-03-31 08254754 c:FullAccounts 2020-04-01 2021-03-31 08254754 c:PrivateLimitedCompanyLtd 2020-04-01 2021-03-31 08254754 d:EntityControlledByKeyManagementPersonnel1 2020-04-01 2021-03-31 08254754 d:EntityControlledByKeyManagementPersonnel1 2019-04-01 2020-03-31 08254754 d:EntityControlledByKeyManagementPersonnel1 2021-03-31 08254754 d:EntityControlledByKeyManagementPersonnel1 2020-03-31 08254754 d:EntityControlledByKeyManagementPersonnel2 2020-04-01 2021-03-31 08254754 d:EntityControlledByKeyManagementPersonnel2 2021-03-31 08254754 d:EntityControlledByKeyManagementPersonnel2 2020-03-31 iso4217:GBP xbrli:pure

Company Registration Number 08254754
























LINKFIELD CLAIMS SERVICE LIMITED





UNAUDITED
FINANCIAL STATEMENTS





 31 MARCH 2021























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LINKFIELD CLAIMS SERVICE LIMITED
REGISTERED NUMBER: 08254754

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2021

2021
2020
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
124,613
120,072

Cash at bank and in hand
  
100,514
41,630

  
225,127
161,702

Creditors: amounts falling due within one year
 5 
(43,326)
(39,994)

Net current assets
  
 
 
181,801
 
 
121,708

Total assets less current liabilities
  
181,801
121,708

  

Net assets
  
181,801
121,708


Capital and reserves
  

Called up share capital 
  
3
3

Profit and loss account
  
181,798
121,705

  
181,801
121,708


The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




J H Bostock
Director

Date: 12 September 2022

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
LINKFIELD CLAIMS SERVICE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021

1.


General information

Linkfield Claims Service Limited is a private company, limited by shares, incorporated and domiciled in England. The company is a tax resident in England.
The principal activity of the company is that of the provision of legal services as regulated by the Solicitors Regulation Authority.
Linkfield Claims Service Limited operates from its registered office of PM House, 250 Shepcote Lane, Sheffield, South Yorkshire, S9 1TP with company registration number 08254754.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The Members have prepared the financial statements on the going concern basis. The Members have considered the consequences of COVID-19 and other events and conditions, and have determined that they do not create a material uncertainty that casts significant doubt upon the entity's ability to continue as a going concern.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Page 2

 
LINKFIELD CLAIMS SERVICE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021

2.Accounting policies (continued)

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
Page 3

 
LINKFIELD CLAIMS SERVICE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021

3.


Employees

The average monthly number of employees, including the Directors, during the year was as follows:


        2021
        2020
            No.
            No.







Employees
2
2


4.


Debtors

2021
2020
£
£


Trade debtors
43,042
31,509

Other debtors
80,000
87,250

Prepayments and accrued income
1,571
1,313

124,613
120,072



5.


Creditors: Amounts falling due within one year

2021
2020
£
£

Corporation tax
27,658
21,812

Other taxation and social security
2,238
4,953

Other creditors
4,850
4,850

Accruals and deferred income
8,580
8,379

43,326
39,994



6.


Related party transactions

During the year, Proddow Mackay Legal Limited made repayments on loans of £- (2020: £10,000) to Linkfield Claims Service Limited. At the year end date Linkfield Claims Service Limited owed Proddow Mackay Legal Limited £4,850 (2020: £4,850) in the form of a shareholders loan account. The loan is interest free and repayable on demand.
 
During the year, Linkfield Claims Service Limited loaned £80,000 (2020: £87,250) to PM Law Limitedand PM Law Limited repaid £7,250 (2020: £60,000). PM Law Limited is a company under common control and the loan is interest free and repayable on demand.

Page 4