REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2024 |
FOR |
PROPERTY CLAIM ASSIST LIMITED |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 |
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 |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
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 |
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 |
DEPRECIATION |
At 1 May 2023 |
Charge for year |
At 30 April 2024 |
NET BOOK VALUE |
At 30 April 2024 |
At 30 April 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade debtors |
Amounts owed by associates |
Other debtors |
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 |
Amounts owed to associates | 33,901 | 35,940 |
Tax |
Social security and other taxes |
VAT | 55,106 | 28,917 |
Other creditors |
Accruals and deferred income |
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: | £ | £ |
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. |