REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 OCTOBER 2024 |
FOR |
PROPERTY CLAIM MANAGEMENT LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 OCTOBER 2024 |
FOR |
PROPERTY CLAIM MANAGEMENT LIMITED |
PROPERTY CLAIM MANAGEMENT LIMITED (REGISTERED NUMBER: 13336051) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 OCTOBER 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
PROPERTY CLAIM MANAGEMENT LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 OCTOBER 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
1 Langley Court |
Pyle Street |
Newport |
Isle of Wight |
PO30 1LA |
PROPERTY CLAIM MANAGEMENT LIMITED (REGISTERED NUMBER: 13336051) |
BALANCE SHEET |
31 OCTOBER 2024 |
2024 | 2023 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
6 |
NET ASSETS |
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 MANAGEMENT LIMITED (REGISTERED NUMBER: 13336051) |
BALANCE SHEET - continued |
31 OCTOBER 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 MANAGEMENT LIMITED (REGISTERED NUMBER: 13336051) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 OCTOBER 2024 |
1. | STATUTORY INFORMATION |
Property Claim Management 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. |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Amounts owed by associates |
Prepayments |
The amount owed by associates relates to a Property Claim Assist Limited £1,449 (2023:Nil) a company under the common controlled of the directors. |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade creditors |
Tax |
VAT | 211 | 135 |
Accrued expenses |
PROPERTY CLAIM MANAGEMENT LIMITED (REGISTERED NUMBER: 13336051) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 OCTOBER 2024 |
6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2024 | 2023 |
£ | £ |
Directors' loan accounts | 10,000 | 10,000 |
Other creditors falling due after more than one year, consists entirely of an interest free loan from the company's director, Simon Colburn of £10,000. This loan may not be repaid without the consent of the Financial Conduct Authority. Furthermore it is an subordinated debt, whereby in the event of the insolvency of the company, it is subordinated to the Senior Liabilities, where the "Senior Liabilities" means all liabilities except the subordinated debt and the Excluded Liabilities; and the "Excluded Liabilities" means liabilities which are in the opinion of any appointed insolvency officer of the company, do rank junior to the Subordinated Liabilities in any Insolvency of the company. |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
Ordinary | £1 | 2,000 | 2,000 |
8. | RELATED PARTY DISCLOSURES |
The company is an FCA regulated insurance loss adjuster providing services to insured policyholders. As part of this activity, the company has an appointed representative, Property Claims Assist Limited in which the company's directors, Simon Colburn and Gary Rogers are also directors and controlling shareholders. During the period ending 31st October 2024 the company received fees of £15,000 (2023 - £15,000) from Property Claims Assist Limited in respect of claims management services. |
As at 31st October 2024 the company was owed £1,449 (2023 - £nil) by Property Claims Assist Limited, included within debtors. |