REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 29 APRIL 2024 |
FOR |
PUBLIC LOSS ADJUSTERS (SOUTH) LIMITED |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
CURRENT ASSETS |
Debtors | 5 |
Cash in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 9 |
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. |
PUBLIC LOSS ADJUSTERS (SOUTH) LIMITED (REGISTERED NUMBER: 11646371) |
BALANCE SHEET - continued |
29 APRIL 2024 |
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 |
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 |
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 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 |
4. | FIXED ASSET INVESTMENTS |
Unlisted |
investments |
£ |
COST |
At 30 April 2023 |
and 29 April 2024 |
NET BOOK VALUE |
At 29 April 2024 |
At 29 April 2023 |
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 |
Other debtors |
VAT |
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) |
Tax |
Accrued expenses |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2024 | 2023 |
£ | £ |
Bank loans (see note 8) |
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 |
Bank loans |
Amounts falling due between one and two years: |
Bank loans - 1-2 years |
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 |
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: | £ | £ |
Ordinary | £1 | 100 | 100 |
Ordinary A | £1 | 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. |