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REGISTERED NUMBER: 05343711 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

LIGHTHOUSE CLAIMS LTD

LIGHTHOUSE CLAIMS LTD (REGISTERED NUMBER: 05343711)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Statement of Financial Position 1

Notes to the Financial Statements 3


LIGHTHOUSE CLAIMS LTD (REGISTERED NUMBER: 05343711)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 106,685 142,837

CURRENT ASSETS
Debtors 5 1,146,847 1,093,055
Cash at bank and in hand 37,142 8,619
1,183,989 1,101,674
CREDITORS
Amounts falling due within one year 6 460,262 437,727
NET CURRENT ASSETS 723,727 663,947
TOTAL ASSETS LESS CURRENT
LIABILITIES

830,412

806,784

CREDITORS
Amounts falling due after more than one
year

7

67,000

100,464
NET ASSETS 763,412 706,320

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 763,410 706,318
SHAREHOLDERS' FUNDS 763,412 706,320

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the Company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the Company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the Company.

LIGHTHOUSE CLAIMS LTD (REGISTERED NUMBER: 05343711)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2023


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 November 2023 and were signed on its behalf by:





C Ippocratous - Director


LIGHTHOUSE CLAIMS LTD (REGISTERED NUMBER: 05343711)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Lighthouse Claims Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05343711

Registered office: 368 Forest Road
London
E17 5JF

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

LIGHTHOUSE CLAIMS LTD (REGISTERED NUMBER: 05343711)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 14,449 367,847 47,096 429,392
Additions 457 2,000 - 2,457
Disposals - (40,064 ) - (40,064 )
At 31 March 2023 14,906 329,783 47,096 391,785
DEPRECIATION
At 1 April 2022 14,104 228,380 44,071 286,555
Charge for year 200 34,605 756 35,561
Eliminated on disposal - (37,016 ) - (37,016 )
At 31 March 2023 14,304 225,969 44,827 285,100
NET BOOK VALUE
At 31 March 2023 602 103,814 2,269 106,685
At 31 March 2022 345 139,467 3,025 142,837

Included within the net book value of fixed assets of £106,100 is £65,023 (2022: £86,698) relating to assets held under hire purchase agreements. The depreciation charged to the financial statements in the year in respect of such assets amounted to £28,407 (2022: £37,874).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,143,034 1,085,786
Other debtors 3,813 7,269
1,146,847 1,093,055

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 8) 10,000 10,000
Hire purchase contracts 20,809 28,831
Amounts owed to connected undertakings 124,911 121,591
Taxation and social security 282,037 254,187
Other creditors 22,505 23,118
460,262 437,727

LIGHTHOUSE CLAIMS LTD (REGISTERED NUMBER: 05343711)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 8) 22,501 32,501
Hire purchase contracts 44,499 67,963
67,000 100,464

8. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,000 10,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,000 10,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 12,501 22,501

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

10. RELATED PARTY DISCLOSURES

The Company's related parties, the nature of the relationship and the extent of the transactions with them are summarised below:

20232022
£   £   
Amounts owed by/(to) C Ippocratous (Director)(4,184)(5,102)
Amounts owed by/(to) A Ippocratous (Director)(4,185)(5,102)



Included in creditors is £124,911 (2022: £121,591) owed to Gold and Levy Property Investments Limited, a company controlled by the directors.

Connected Undertakings
A company having the same or predominantly the same shareholders and or Board of Directors but which neither is a parent, subsidiary, fellow subsidiary nor associated company.

LIGHTHOUSE CLAIMS LTD (REGISTERED NUMBER: 05343711)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


10. RELATED PARTY DISCLOSURES - continued

The ultimate controlling party is C Ippocratous and A Ippocratous.

C Ippocratous and A Ippocratous are the managing directors and equally own the entire issued share capital.