Claim-Smart Limited
Filleted Accounts
31 December 2024
Registered number
12824729
Claim-Smart Limited
Registered number: 12824729
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 1 -
Current assets
Stocks 258,749 -
Debtors 4 54,802 -
Cash at bank and in hand 202,740 5,000
516,291 5,000
Creditors: amounts falling due within one year 5 (4,594) -
Net current assets 511,697 5,000
Total assets less current liabilities 511,698 5,000
Creditors: amounts falling due after more than one year 6 (496,668) -
Net assets 15,030 5,000
Capital and reserves
Called up share capital 35,000 5,000
Profit and loss account (19,970) -
Shareholder's funds 15,030 5,000
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the board on 9 July 2025 and signed on its behalf.
D Ishag
Director
Claim-Smart Limited
Notes to the Accounts
for the period from 1 September 2023 to 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). The company has adopted pound sterling as the reporting currency.
Consolidation
The accounts present information relating to the company as an individual undertaking and not relating to the group. Group accounts have not been prepared as the company is entitled, for the year ended 31 December 2024, to the exemptions conferred by provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime, from the requirement to prepare Group accounts.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Work in progress & workflow
Work in progress is recognised to the extent that no right to consideration exists for work at the balance sheet date. It is valued at the lower of cost and net realisable value. Cost comprises expenditure directly related to the processing of claims, excluding any mark-up plus disbursements. Any non-recoverable work in progress is excluded.
The company has 6,349 eligible claims currently being processed. The projected income from these claims is expected to be £2,133,264.
Judgements and key sources of estimation uncertainty
In the course of preparing the management accounts, no judgements have been made in the process of applying the company's accounting policies, other than those involving estimations that have had a significant effect on the amounts recognised in the accounts.

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Investments
Investments in
subsidiary
undertakings
£
Cost
Additions 1
At 31 December 2024 1
The company holds 20% or more of the share capital of the following companies:
Company Shares held Capital and reserves at 31 Dec 2024 Profit (loss) for the year to 31 Dec 2024
Class % £ £
Grove PCP Limited Ordinary 100 1 -
4 Debtors 2024 2023
£ £
Other debtors 54,802 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 3,594 -
Other creditors 1,000 -
4,594 -
6 Creditors: amounts falling due after one year 2024 2023
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 326,668 -
Other creditors 170,000 -
496,668 -
7 Contingent liabilities
The company has provided a guarantee for a loan taken by a subsidiary and is exposed to contingent liabilities amounting to a maximum of £350,000. The company has assigned 1,000 PCP claims to the subsidiary which the subsidiary has agreed to provide to the lender as security.
8 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
M Lee (appointed 02/09/2024)
Directors loan account - 35,600 - 35,600
- 35,600 - 35,600
9 Other information
Claim-Smart Limited is a private company limited by shares and incorporated in England. Its registered office is:
Berkeley Square House
Berkeley Square
London
W1J 6BD
10 Corresponding period
The corresponding amounts are for a period of 12 months.
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