IRIS Accounts Production v24.1.9.2 13336051 Board of Directors Board of Directors 1.11.23 31.10.24 31.10.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh133360512023-10-31133360512024-10-31133360512023-11-012024-10-31133360512023-04-30133360512023-05-012023-10-31133360512023-10-3113336051ns15:EnglandWales2023-11-012024-10-3113336051ns14:PoundSterling2023-11-012024-10-3113336051ns10:Director12023-11-012024-10-3113336051ns10:Director22023-11-012024-10-3113336051ns10:PrivateLimitedCompanyLtd2023-11-012024-10-3113336051ns10:SmallEntities2023-11-012024-10-3113336051ns10:AuditExempt-NoAccountantsReport2023-11-012024-10-3113336051ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-10-3113336051ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-3113336051ns10:FullAccounts2023-11-012024-10-3113336051ns10:OrdinaryShareClass12023-11-012024-10-3113336051ns10:RegisteredOffice2023-11-012024-10-3113336051ns5:CurrentFinancialInstruments2024-10-3113336051ns5:CurrentFinancialInstruments2023-10-3113336051ns5:Non-currentFinancialInstruments2024-10-3113336051ns5:Non-currentFinancialInstruments2023-10-3113336051ns5:ShareCapital2024-10-3113336051ns5:ShareCapital2023-10-3113336051ns5:RetainedEarningsAccumulatedLosses2024-10-3113336051ns5:RetainedEarningsAccumulatedLosses2023-10-3113336051ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-10-3113336051ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-10-3113336051ns5:Non-currentFinancialInstruments2023-11-012024-10-3113336051ns10:OrdinaryShareClass12024-10-31
REGISTERED NUMBER: 13336051 (England and Wales)












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: S A Colburn
G J Rogers





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





REGISTERED NUMBER: 13336051 (England and Wales)





ACCOUNTANTS: Mackenzies Accountants Limited
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 4,050 426
Cash at bank and in hand 25,677 23,038
29,727 23,464
CREDITORS
Amounts falling due within one year 5 6,115 4,740
NET CURRENT ASSETS 23,612 18,724
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,612

18,724

CREDITORS
Amounts falling due after more than one
year

6

10,000

10,000
NET ASSETS 13,612 8,724

CAPITAL AND RESERVES
Called up share capital 7 2,000 2,000
Retained earnings 11,612 6,724
SHAREHOLDERS' FUNDS 13,612 8,724

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 MANAGEMENT LIMITED (REGISTERED NUMBER: 13336051)

BALANCE SHEET - continued
31 OCTOBER 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:




S A Colburn - Director



G J Rogers - Director


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 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.

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 2 (2023 - 1 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Amounts owed by associates 1,449 -
Prepayments 2,601 426
4,050 426

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 220 -
Tax 1,146 337
VAT 211 135
Accrued expenses 4,538 4,268
6,115 4,740

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: £ £
2,000 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.