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REGISTERED NUMBER: SC245786 (Scotland)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Claims Equilibrium Club Limited

Claims Equilibrium Club Limited (Registered number: SC245786)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Claims Equilibrium Club Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: R J Topping
D M Ashe



SECRETARY: R J Topping



REGISTERED OFFICE: 9 Blairtummock Place
Panorama Business Village
Old Queenslie Industrial Estate
Glasgow
G33 4EN



REGISTERED NUMBER: SC245786 (Scotland)



ACCOUNTANTS: Peter Deans Chartered Accountants
42 Stirling Street
Denny
Stirlingshire
FK6 6DJ



BANKERS: The Royal Bank of Scotland
339 Byres Road
Glasgow
G12 8QP

Claims Equilibrium Club Limited (Registered number: SC245786)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 39,750 1,639

CURRENT ASSETS
Stocks 53,000 24,388
Debtors 5 128,646 92,461
Cash at bank 317,163 374,233
498,809 491,082
CREDITORS
Amounts falling due within one year 6 144,510 205,433
NET CURRENT ASSETS 354,299 285,649
TOTAL ASSETS LESS CURRENT
LIABILITIES

394,049

287,288

PROVISIONS FOR LIABILITIES 8,063 -
NET ASSETS 385,986 287,288

CAPITAL AND RESERVES
Called up share capital 100 100
Capital contribution 7 68,964 98,964
Retained earnings 7 316,922 188,224
SHAREHOLDERS' FUNDS 385,986 287,288

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 March 2024 and were signed on its behalf by:





R J Topping - Director


Claims Equilibrium Club Limited (Registered number: SC245786)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Claims Equilibrium Club Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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 represents net invoiced sales of goods and services provided during the year, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 4 ) .

Claims Equilibrium Club Limited (Registered number: SC245786)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2022 - - 6,445 6,445
Additions 8,791 42,024 1,518 52,333
At 30 June 2023 8,791 42,024 7,963 58,778
DEPRECIATION
At 1 July 2022 - - 4,806 4,806
Charge for year 2,198 10,506 1,518 14,222
At 30 June 2023 2,198 10,506 6,324 19,028
NET BOOK VALUE
At 30 June 2023 6,593 31,518 1,639 39,750
At 30 June 2022 - - 1,639 1,639

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 125,537 98,763
Other debtors 3,109 (6,302 )
128,646 92,461

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade creditors 22,180 23,430
Taxation and social security 85,089 113,484
Other creditors 37,241 68,519
144,510 205,433

7. RESERVES

Capital Contribution

During the year ended 30 June 2018 the director injected funds into the company which totalled £250,964. In the opinion of the director the cash injection was of a capital nature and does not bear interest and neither is there any agreed time frame for repayment. Accordingly these funds have been classified as a capital contribution.

8. RELATED PARTY DISCLOSURES

At the balance sheet date the outstanding balance to Topmark Adjusters Limited was £7,620 (2022:£7,620). R J Topping resigned as a director of Topmark Adjusters Limited on 5 September 2023.

Loss adjusting fees, disbursements and other charges of £24,000 (2022:£18,000) were charged from Topmark Adjusters Limited to Claims Equilibrium Club Limited.

Loss adjusting fees, disbursements and other charges of £50,000 (2022:£10,000) were charged from RALTT Limited to Claims Equilibrium Club Limited.R J Topping is also a director of RALTT Limited.

Claims Equilibrium Club Limited (Registered number: SC245786)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

9. ULTIMATE CONTROLLING PARTY

The controlling party is R J Topping.