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REGISTERED NUMBER: 10963207 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 December 2023

for

OAKLEAFE CLAIMS (SCOTLAND) LTD

OAKLEAFE CLAIMS (SCOTLAND) LTD (REGISTERED NUMBER: 10963207)

Contents of the Financial Statements
for the year ended 31 December 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


OAKLEAFE CLAIMS (SCOTLAND) LTD

Company Information
for the year ended 31 December 2023







Directors: Mr L Goodwin
Mr D J Goodwin
Mr G Crumb





Registered office: Oakleafe House
7-9 Balgores Lane
Gidea Park
Essex
RM2 5JS





Registered number: 10963207 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

OAKLEAFE CLAIMS (SCOTLAND) LTD (REGISTERED NUMBER: 10963207)

Statement of Financial Position
31 December 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 6,481 -

Current assets
Debtors 5 1,246,128 767,953
Cash at bank 453 1,578
1,246,581 769,531
Creditors
Amounts falling due within one year 6 1,187,982 693,220
Net current assets 58,599 76,311
Total assets less current liabilities 65,080 76,311

Creditors
Amounts falling due after more than one
year

7

17,093

27,843
Net assets 47,987 48,468

Capital and reserves
Called up share capital 8 2 2
Retained earnings 47,985 48,466
Shareholders' funds 47,987 48,468

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 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 25 September 2024 and were signed on its behalf by:





Mr L Goodwin - Director


OAKLEAFE CLAIMS (SCOTLAND) LTD (REGISTERED NUMBER: 10963207)

Notes to the Financial Statements
for the year ended 31 December 2023


1. Statutory information

Oakleafe Claims (Scotland) 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 from services represents amounts chargeable to clients for professional services provided during the year, excluding disbursements where the firm acts as agent and sales tax. The company only recognises turnover once services have been provided.

Services provided to clients which at the balance sheet date have not been billed have been recognised as turnover. Turnover recognised in this manner is based on an assessment of the fair value of services provided by the balance sheet date.

Where the right to receive payment is contingent on factors outside the control of the company and the matter is part of a portfolio of similar matters where we have historic data showing likely outcomes then this data is used to calculate the likelihood of success and the value likely to be recovered. This 'portfolio' approach is only taken where we are not aware of any specific reason why recovery on the matter is not probable. Where recovery is not considered probable turnover is only recognised (over and above any agreed minimum fee) when the contingent event occurs.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

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.

OAKLEAFE CLAIMS (SCOTLAND) LTD (REGISTERED NUMBER: 10963207)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


2. Accounting policies - continued

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 3 (2022 - 3 ) .

4. Tangible fixed assets
Computer
equipment
£   
Cost
Additions 7,623
At 31 December 2023 7,623
Depreciation
Charge for year 1,142
At 31 December 2023 1,142
Net book value
At 31 December 2023 6,481

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 701,350 137,246
Other debtors 544,778 630,707
1,246,128 767,953

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 607,749 69,845
Taxation and social security 71,536 113,554
Other creditors 498,697 499,821
1,187,982 693,220

7. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans 17,093 27,843

8. Called up share capital

Allotted and issued:
Number: Class: Nominal 2023 2022
value: £    £   
2 Called up share capital £1 2 2

OAKLEAFE CLAIMS (SCOTLAND) LTD (REGISTERED NUMBER: 10963207)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


9. Related party disclosures

Included within other debtors due within one year is an amount of £100,515 (2022 - £109,965) due from Oakleafe Group Ltd, a company in which the directors have a material interest.

Included within other creditors due within one year is an amount of £353,090 (2022 - £354,506) due to Oakleafe Property Services Ltd, a company in which the directors have a material interest.

Included within other creditors due within one year is an amount of £112,407 (2022 - £112,407 debtor) due to Oakleafe Services Ltd, a company in which the directors have a material interest.

Included within other debtors due within one year is an amount of £425,591 (2022 - £386,250) due to Oakleafe Claims Ltd, a company in which the directors have a material interest.

Included within other debtors due within one year is an amount of £31,000 (2022 - £26,000) due to Oakleafe Claims (Wales) Ltd, a company in which the directors have a material interest.