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REGISTERED NUMBER: 11646371 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 APRIL 2024

FOR

PUBLIC LOSS ADJUSTERS (SOUTH) LIMITED

PUBLIC LOSS ADJUSTERS (SOUTH) LIMITED (REGISTERED NUMBER: 11646371)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PUBLIC LOSS ADJUSTERS (SOUTH) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 APRIL 2024







DIRECTORS: Mr S A Colburn
Mr G J Rogers





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





REGISTERED NUMBER: 11646371 (England and Wales)





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

PUBLIC LOSS ADJUSTERS (SOUTH) LIMITED (REGISTERED NUMBER: 11646371)

BALANCE SHEET
29 APRIL 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 31,423 31,423

CURRENT ASSETS
Debtors 5 32,452 51,398
Cash in hand 1,500 1,500
33,952 52,898
CREDITORS
Amounts falling due within one year 6 32,486 46,178
NET CURRENT ASSETS 1,466 6,720
TOTAL ASSETS LESS CURRENT
LIABILITIES

32,889

38,143

CREDITORS
Amounts falling due after more than one
year

7

32,464

37,938
NET ASSETS 425 205

CAPITAL AND RESERVES
Called up share capital 9 200 200
Retained earnings 225 5
SHAREHOLDERS' FUNDS 425 205

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 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.

PUBLIC LOSS ADJUSTERS (SOUTH) LIMITED (REGISTERED NUMBER: 11646371)

BALANCE SHEET - continued
29 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 Profit and Loss Account 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:




Mr S A Colburn - Director



Mr G J Rogers - Director


PUBLIC LOSS ADJUSTERS (SOUTH) LIMITED (REGISTERED NUMBER: 11646371)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 APRIL 2024


1. STATUTORY INFORMATION

Public Loss Adjusters (South) 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 Profit and Loss Account, 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 - 5 ) .

4. FIXED ASSET INVESTMENTS
Unlisted
investments
£
COST
At 30 April 2023
and 29 April 2024 31,423
NET BOOK VALUE
At 29 April 2024 31,423
At 29 April 2023 31,423

Fixed asset investments are 10,255 shares in Mict Inc a company incorporated in the USA and a £10,000 investment in Binance Crypto Exchange. These investments are held in the names of the directors upon bare trust for the company.

PUBLIC LOSS ADJUSTERS (SOUTH) LIMITED (REGISTERED NUMBER: 11646371)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 APRIL 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Amounts owed by associates 32,452 35,256
Other debtors - 313
VAT - 15,829
32,452 51,398

At the balance sheet date the company was owed £32,452 (2023: £35,256) by Property Claims Assist Limited a company under common control.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts (see note 8) 27,222 29,122
Tax 4,544 17,056
Accrued expenses 720 -
32,486 46,178

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Bank loans (see note 8) 32,464 37,938

Amounts falling due in more than five years:

Repayable by instalments
Bank loans - over 5 years 6,919 19,229

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£ £
Amounts falling due within one year or on demand:
Bank overdrafts 20,835 22,886
Bank loans 6,387 6,236
27,222 29,122

Amounts falling due between one and two years:
Bank loans - 1-2 years 6,386 6,236

PUBLIC LOSS ADJUSTERS (SOUTH) LIMITED (REGISTERED NUMBER: 11646371)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 APRIL 2024


8. LOANS - continued
2024 2023
£ £
Amounts falling due between two and five years:
Bank loans - 2-5 years 19,159 12,473

Amounts falling due in more than five years:

Repayable by instalments
Bank loans - over 5 years 6,919 19,229

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary £1 100 100
50 Ordinary A £1 50 50
50 Ordinary B £1 50 50
200 200

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are Mr G Rogers and Mr S Colburn, by virtue of the shares in their respective holding companies.