The Compensation Company Limited 04023099 true 2022-12-01 2023-11-30 2023-11-30 The principal activity of the company is accident insurance claims Digita Accounts Production Advanced 6.30.9574.0 true Mr D Brierley false true 04023099 2022-12-01 2023-11-30 04023099 2023-11-30 04023099 bus:OrdinaryShareClass1 2023-11-30 04023099 core:RetainedEarningsAccumulatedLosses 2023-11-30 04023099 core:ShareCapital 2023-11-30 04023099 core:CurrentFinancialInstruments 2023-11-30 04023099 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 04023099 bus:FRS102 2022-12-01 2023-11-30 04023099 bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 04023099 bus:FullAccounts 2022-12-01 2023-11-30 04023099 bus:RegisteredOffice 2022-12-01 2023-11-30 04023099 bus:Director4 2022-12-01 2023-11-30 04023099 bus:OrdinaryShareClass1 2022-12-01 2023-11-30 04023099 bus:EntityNoLongerTradingButTradedInPast 2022-12-01 2023-11-30 04023099 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 04023099 core:Subsidiary1 2022-12-01 2023-11-30 04023099 core:Subsidiary1 1 2022-12-01 2023-11-30 04023099 core:Subsidiary1 countries:England 2022-12-01 2023-11-30 04023099 countries:EnglandWales 2022-12-01 2023-11-30 04023099 core:CostValuation 2022-11-30 04023099 2022-11-30 04023099 bus:OrdinaryShareClass1 2022-11-30 04023099 core:RetainedEarningsAccumulatedLosses 2022-11-30 04023099 core:ShareCapital 2022-11-30 04023099 core:CurrentFinancialInstruments 2022-11-30 04023099 core:CurrentFinancialInstruments core:WithinOneYear 2022-11-30 04023099 core:Subsidiary1 1 2021-12-01 2022-11-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 04023099

The Compensation Company Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 November 2023

 

The Compensation Company Limited

Company Information

Director

Mr D Brierley

Registered office

10 Ambassador Place
Stockport Road
Altrincham
Cheshire
WA15 8DB

Accountants

Xeinadin Phillip Carroll
10 Ambassador Place
Stockport Road
Altrincham
Cheshire
WA15 8DB

 

The Compensation Company Limited

Profit and Loss Account for the Year Ended 30 November 2023

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

 

The Compensation Company Limited

(Registration number: 04023099)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

3

100

100

Current assets

 

Debtors

4

3,893

3,893

Net assets

 

3,993

3,993

Capital and reserves

 

Called up share capital

5

30

30

Retained earnings

3,963

3,963

Shareholders' funds

 

3,993

3,993

For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 29 August 2024
 

.........................................
Mr D Brierley
Director

   
     
 

The Compensation Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
10 Ambassador Place
Stockport Road
Altrincham
Cheshire
WA15 8DB

These financial statements were authorised for issue by the director on 29 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

 

The Compensation Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Investments

2023
£

2022
£

Investments in subsidiaries

100

100

Subsidiaries

£

Cost or valuation

At 1 December 2022

100

Provision

Carrying amount

At 30 November 2023

100

At 30 November 2022

100

 

The Compensation Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2023

2022

Subsidiary undertakings

Excel Law Limited

10 Ambassador Place,
Stockport Road,
Altrincham,
WA15 8DB

England

Ordinary

100%

100%

Subsidiary undertakings

Excel Law Limited

The principal activity of Excel Law Limited is accident management.

4

Debtors

2023
£

2022
£

Other debtors

3,893

3,893

3,893

3,893

5

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary shares of £1 each

30

30

30

30