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REGISTERED NUMBER: 07066678 (England and Wales)

















MHP CLAIMS SOLUTIONS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023






MHP CLAIMS SOLUTIONS LIMITED (REGISTERED NUMBER: 07066678)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


MHP CLAIMS SOLUTIONS LIMITED (REGISTERED NUMBER: 07066678)

BALANCE SHEET
30 APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 62,468 -
Investments 5 50 50
62,518 50

CURRENT ASSETS
Debtors 6 82,274 114,182
Cash at bank 40,684 11,810
122,958 125,992
CREDITORS
Amounts falling due within one year 7 82,203 58,233
NET CURRENT ASSETS 40,755 67,759
TOTAL ASSETS LESS CURRENT
LIABILITIES

103,273

67,809

CREDITORS
Amounts falling due after more than one year 8 (24,107 ) -

PROVISIONS FOR LIABILITIES (10,672 ) -
NET ASSETS 68,494 67,809

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 68,492 67,807
SHAREHOLDERS' FUNDS 68,494 67,809

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 November 2023 and were signed by:





R C Arnold - Director


MHP CLAIMS SOLUTIONS LIMITED (REGISTERED NUMBER: 07066678)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1. STATUTORY INFORMATION

MHP Claims Solutions Limited 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: 07066678

Registered office: Broad House
The Broadway
Old Hatfield
Hertfordshire
AL9 5BG

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.

Going concern
The financial statements have been prepared on a going concern basis.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenue and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the director's opinion, there are no significant judgements or key sources of estimation uncertainty.

Turnover
Represents net value of services supplied, excluding Value Added Tax.

Tangible fixed assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant & Machinery-20% on reducing balance

Investments in subsidiaries and associates
Investments in subsidiary and associate undertakings are recognised at cost.

Financial instruments
The company only enters into basic financial instruments 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 non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account,

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


MHP CLAIMS SOLUTIONS LIMITED (REGISTERED NUMBER: 07066678)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
Additions 6,300 58,105 64,405
At 30 April 2023 6,300 58,105 64,405
DEPRECIATION
Charge for year - 1,937 1,937
At 30 April 2023 - 1,937 1,937
NET BOOK VALUE
At 30 April 2023 6,300 56,168 62,468

MHP CLAIMS SOLUTIONS LIMITED (REGISTERED NUMBER: 07066678)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 56,635
At 30 April 2023 56,635
DEPRECIATION
Charge for year 1,888
At 30 April 2023 1,888
NET BOOK VALUE
At 30 April 2023 54,747

5. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 May 2022
and 30 April 2023 50
NET BOOK VALUE
At 30 April 2023 50
At 30 April 2022 50

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by associates 81,522 114,182
Other debtors 752 -
82,274 114,182

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 6,974 -
Taxation and social security 2,545 12,261
Other creditors 72,684 45,972
82,203 58,233

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 24,107 -

MHP CLAIMS SOLUTIONS LIMITED (REGISTERED NUMBER: 07066678)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2023 and 30 April 2022:

2023 2022
£    £   
R C Arnold
Balance outstanding at start of year (45,346 ) (21,883 )
Amounts advanced 50,054 52,719
Amounts repaid (76,225 ) (76,182 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (71,517 ) (45,346 )

10. RELATED PARTY DISCLOSURES

At the balance sheet date an amount of £81,522 (2022 - £114,182) was due from Ashwick Claims Services Ltd, a company of
which Mr R C Arnold is a director and shareholder.

During the year, the company provided services of £82,248 (2022 £65,500) to Ashwick Claims Services Ltd, a company of
which Mr R C Arnold is a director and shareholder.