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REGISTERED NUMBER: 08108545 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 June 2024

for

CLAIMANT COSTS RECOVERY (NORTH ) LTD

CLAIMANT COSTS RECOVERY (NORTH ) LTD (REGISTERED NUMBER: 08108545)

Contents of the Financial Statements
for the year ended 30 June 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


CLAIMANT COSTS RECOVERY (NORTH ) LTD

Company Information
for the year ended 30 June 2024







Directors: Mr C N H Seymour
Mr M R Phelps
Miss J A Reddish
Mr D C Jackson





Registered office: 35 Algitha Road
Skegness
Lincolnshire
PE25 2AJ





Registered number: 08108545 (England and Wales)





Accountants: Haines Watts
Chartered Accountants
23 Algitha Road
Skegness
United Kingdom
PE25 2AG

CLAIMANT COSTS RECOVERY (NORTH ) LTD (REGISTERED NUMBER: 08108545)

Statement of Financial Position
30 June 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 2,408 4,305
Investments 5 4,539 6,052
6,947 10,357

Current assets
Debtors 6 76,977 74,191
Cash at bank and in hand 81,681 23,680
158,658 97,871
Creditors
Amounts falling due within one year 7 42,486 31,631
Net current assets 116,172 66,240
Total assets less current liabilities 123,119 76,597

Creditors
Amounts falling due after more than one year 8 (11,895 ) (20,849 )

Provisions for liabilities (80 ) (80 )
Net assets 111,144 55,668

Capital and reserves
Called up share capital 9 1,400 1,400
Capital redemption reserve 10 600 600
Retained earnings 10 109,144 53,668
Shareholders' funds 111,144 55,668

CLAIMANT COSTS RECOVERY (NORTH ) LTD (REGISTERED NUMBER: 08108545)

Statement of Financial Position - continued
30 June 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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 30 August 2024 and were signed on its behalf by:





Mr C N H Seymour - Director


CLAIMANT COSTS RECOVERY (NORTH ) LTD (REGISTERED NUMBER: 08108545)

Notes to the Financial Statements
for the year ended 30 June 2024


1. Statutory information

Claimant Costs Recovery (North ) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 each asset over its estimated useful life.

Investments in associates
Investments in associate undertakings are recognised at cost.

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 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.

Pension costs and other post-retirement benefits
The company operates a pension scheme as required by law for all employees. All payments are charged to the profit and loss account in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 8 (2023 - 8 ) .

CLAIMANT COSTS RECOVERY (NORTH ) LTD (REGISTERED NUMBER: 08108545)

Notes to the Financial Statements - continued
for the year ended 30 June 2024


4. Tangible fixed assets
Fixtures
and Computer
fittings equipment Totals
£ £ £
Cost
At 1 July 2023
and 30 June 2024 9,244 38,070 47,314
Depreciation
At 1 July 2023 8,496 34,513 43,009
Charge for year 187 1,710 1,897
At 30 June 2024 8,683 36,223 44,906
Net book value
At 30 June 2024 561 1,847 2,408
At 30 June 2023 748 3,557 4,305

5. Fixed asset investments
Interest in
associate
£
Cost
At 1 July 2023 6,052
Disposals (1,513 )
At 30 June 2024 4,539
Net book value
At 30 June 2024 4,539
At 30 June 2023 6,052

The company's investments at the Statement of Financial Position date in the share capital of companies include the following:

Care Necessities Limited
Registered office: 35 Algitha Road, Skegness, Lincolnshire.
Nature of business: Legal care
%
Class of shares: holding
Ordinary 75.00
2024 2023
£ £
Aggregate capital and reserves 13,279 (5,639 )
Profit/(loss) for the year 25,918 (39,338 )

6. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 63,807 68,114
Care Necessities 7,000 -
Prepayments 6,170 6,077
76,977 74,191

CLAIMANT COSTS RECOVERY (NORTH ) LTD (REGISTERED NUMBER: 08108545)

Notes to the Financial Statements - continued
for the year ended 30 June 2024


7. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 8,900 9,694
Trade creditors 2,610 2,513
Corporation tax 16,977 -
Social security and other taxes 3,680 3,610
VAT liability 10,267 7,762
Other creditors - 8,000
Directors' current accounts 52 52
42,486 31,631

8. Creditors: amounts falling due after more than one year
2024 2023
£ £
Government bounce back loan 11,895 20,849

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Government bounce back loan 11,895 20,849

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
1,400 Ordinary £1 1,400 1,400

10. Reserves
Capital
Retained redemption
earnings reserve Totals
£ £ £

At 1 July 2023 53,668 600 54,268
Profit for the year 65,476 65,476
Dividends (10,000 ) (10,000 )
At 30 June 2024 109,144 600 109,744