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REGISTERED NUMBER: 12922885 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

PROPERTY CLAIM ASSIST LIMITED

PROPERTY CLAIM ASSIST LIMITED (REGISTERED NUMBER: 12922885)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PROPERTY CLAIM ASSIST LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: S A Colburn
G J Rogers





REGISTERED OFFICE: 4 Kings Row
Armstrong Road
Maidstone
Kent
ME15 6AQ





REGISTERED NUMBER: 12922885 (England and Wales)





ACCOUNTANTS: Mackenzies Accountants Limited
Chartered Accountants
1 Langley Court
Pyle Street
Newport
Isle of Wight
PO30 1LA

PROPERTY CLAIM ASSIST LIMITED (REGISTERED NUMBER: 12922885)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 3,682 4,910

CURRENT ASSETS
Debtors 5 136,654 158,057
Cash at bank 235,829 145,612
372,483 303,669
CREDITORS
Amounts falling due within one year 6 335,077 233,943
NET CURRENT ASSETS 37,406 69,726
TOTAL ASSETS LESS CURRENT
LIABILITIES

41,088

74,636

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 40,988 74,536
SHAREHOLDERS' FUNDS 41,088 74,636

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

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

PROPERTY CLAIM ASSIST LIMITED (REGISTERED NUMBER: 12922885)

BALANCE SHEET - continued
30 APRIL 2024


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 17 January 2025 and were signed on its behalf by:




G J Rogers - Director



S A Colburn - Director


PROPERTY CLAIM ASSIST LIMITED (REGISTERED NUMBER: 12922885)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Property Claim Assist Limited 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.

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 (2023 - 6 ) .

PROPERTY CLAIM ASSIST LIMITED (REGISTERED NUMBER: 12922885)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 May 2023
and 30 April 2024 6,470
DEPRECIATION
At 1 May 2023 1,560
Charge for year 1,228
At 30 April 2024 2,788
NET BOOK VALUE
At 30 April 2024 3,682
At 30 April 2023 4,910

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 7,988 22,774
Amounts owed by associates 88,917 131,117
Other debtors 39,749 4,166
136,654 158,057

Other debtors includes a loan of £39,749 (2023 £Nil) made to a key subcontractor and £Nil (2023: £4,166) due from a customer in relation to a purchase made on their behalf.

Amounts owed by associates related to the following entities:
S K Holdings (South) Ltd - £43,587 (2023: £68,169) a company controlled by Gary Rogers, a director.
Promark Sales and Marketing Ltd - £30,531(2023: £62,948) a company controlled by Simon Colburn a director.
Property Claim Assist (Midlands) Ltd - £14,799 (2023: £Nil) a company in which Property Claim Assist Limited has a 50% interest.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 103,262 100,000
Amounts owed to associates 33,901 35,940
Tax 142,065 65,498
Social security and other taxes 418 568
VAT 55,106 28,917
Other creditors 325 318
Accruals and deferred income - 2,702
335,077 233,943

PROPERTY CLAIM ASSIST LIMITED (REGISTERED NUMBER: 12922885)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

Other creditors includes an amount of £325 (2023: £318) in respect of pension contributions due.

Amounts owed to associates related to the following entities:
Public Loss Adjusters (South) Ltd - £32,452 (2023: £35,256) a company under common control.
Property Claim Management Ltd - £1,449 (2023: £684) a company under common control

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary £1 100 100

8. RELATED PARTY DISCLOSURES

Property Claim Management Limited - at the balance sheet date, there was an amount of £1,449 owed to Property Claim Management Limited; a trading company under common control, and in which Simon Colburn and Gary Rogers are directors. During the year, Property Claim Management Ltd charged the company a network fee of £15,000, in its capacity as an FCA principal under which the company operates as an appointed representative.

Public Loss Adjusters (South) Limited - at the balance sheet date, there was an amount of £32,452 owed to Public Loss Adjusters (South) Limited; a trading company under common control, and in which Simon Colburn and Gary Rogers are directors. During the year, Public Loss Adjusters (South) Ltd charged the company a management fee of £15,600 in relation to brand and client management services.

Promark Sales & Marketing Limited - at the balance sheet date, there was an amount of £30,531 owed by Promark Sales and Marketing Ltd, a company controlled by Simon Colburn, a director.

SK Holdings (South) Limited - at the balance sheet date, there was an amount of £43,587 owed by SK Holdings (South) Ltd, a company controlled by Gary Rogers, a director.

Property Claim Assist (Midlands) Limited - at the balance sheet date, there was an amount of £14,799 owed to the company by Property Claim Assist (Midlands) Ltd, a company in which Property Claim Assist Ltd holds 50% of the issued share capital, and in which Simon Colburn and Gary Rogers are directors.

9. ULTIMATE CONTROLLING PARTY

No individual is the ultimate controlling party. The entire share capital is divided equally between S K Holdings (South) Limited and Promark Sales & Marketing Limited, which in turn are controlled by Mr G Rogers and Mr S Colburn respectively.