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REGISTERED NUMBER: 12922885 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 MAY 2024 TO 28 FEBRUARY 2025

FOR

PROPERTY CLAIM ASSIST LIMITED

PROPERTY CLAIM ASSIST LIMITED (REGISTERED NUMBER: 12922885)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MAY 2024 TO 28 FEBRUARY 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PROPERTY CLAIM ASSIST LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 MAY 2024 TO 28 FEBRUARY 2025







DIRECTORS: S A Colburn
G J Rogers





REGISTERED OFFICE: 1 Langley Court
Pyle Street
Newport
Isle of Wight
PO30 1LA





REGISTERED NUMBER: 12922885 (England and Wales)





ACCOUNTANTS: Mackenzies, a Xeinadin company
1 Langley Court
Pyle Street
Newport
Isle of Wight
PO30 1LA

PROPERTY CLAIM ASSIST LIMITED (REGISTERED NUMBER: 12922885)

BALANCE SHEET
28 FEBRUARY 2025

2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 3,557 3,682

CURRENT ASSETS
Debtors 5 145,005 136,654
Cash at bank 56,481 235,829
201,486 372,483
CREDITORS
Amounts falling due within one year 6 198,838 335,077
NET CURRENT ASSETS 2,648 37,406
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,205

41,088

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 6,105 40,988
SHAREHOLDERS' FUNDS 6,205 41,088

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 2025 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 ASSIST LIMITED (REGISTERED NUMBER: 12922885)

BALANCE SHEET - continued
28 FEBRUARY 2025


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 14 July 2025 and were signed on its behalf by:




G J Rogers - Director



S A Colburn - Director


PROPERTY CLAIM ASSIST LIMITED (REGISTERED NUMBER: 12922885)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MAY 2024 TO 28 FEBRUARY 2025


1. STATUTORY INFORMATION

Property Claim Assist 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 period 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 7 (2024 - 6 ) .

PROPERTY CLAIM ASSIST LIMITED (REGISTERED NUMBER: 12922885)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MAY 2024 TO 28 FEBRUARY 2025


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 May 2024 6,470
Additions 1,061
At 28 February 2025 7,531
DEPRECIATION
At 1 May 2024 2,788
Charge for period 1,186
At 28 February 2025 3,974
NET BOOK VALUE
At 28 February 2025 3,557
At 30 April 2024 3,682

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Trade debtors 4,743 7,988
Amounts owed by associates 119,023 88,917
Other debtors 21,239 39,749
145,005 136,654

Other debtors includes a loan of £8,249 (2024 £39,749) made to a key subcontractor and £12,990 (2024: £Nil) due from a customer in relation to a purchase made on their behalf.

Amounts owed by associates related to the following entities:
S K Holdings (South) Ltd - £55,967 (2024: £43,587) a company controlled by Gary Rogers, a director.
Promark Sales and Marketing Ltd - £52,157 (2024: £30,531) a company controlled by Simon Colburn a director.
Property Claim Repair Network Ltd - £100 (2024: £Nil) a company controlled by both directors
Property Claim Assist (Midlands) Ltd - £10,799 (2024: £14,799) a company in which Property Claim Assist Limited has a 50% interest.

PROPERTY CLAIM ASSIST LIMITED (REGISTERED NUMBER: 12922885)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MAY 2024 TO 28 FEBRUARY 2025


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Trade creditors 18,000 103,262
Amounts owed to associates 19,384 33,901
Tax 137,151 142,065
Social security and other taxes 2,146 418
VAT 12,113 55,106
Other creditors 463 325
Accruals and deferred income 9,581 -
198,838 335,077

Other creditors includes an amount of £463 (2024: £325) in respect of pension contributions due.

Amounts owed to associates related to the following entities:
Public Loss Adjusters (South) Ltd - £16,274 (2024: £32,452) a company under common control.
Property Claim Management Ltd - £1,449 (2024: £1,449) a company under common control.
PCA Northern Ltd - £1,661 (2024: £Nil) a company under common control.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £ £
100 Ordinary £1 100 100

PROPERTY CLAIM ASSIST LIMITED (REGISTERED NUMBER: 12922885)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MAY 2024 TO 28 FEBRUARY 2025


8. RELATED PARTY DISCLOSURES

Property Claim Management Limited - at the balance sheet date, there was an amount of £1,449 owed to Property Claim Management Limited; a trading company under common control, and in which Simon Colburn and Gary Rogers are directors. During the year, Property Claim Management Ltd charged the company a network fee of £15,000, in its capacity as an FCA principal under which the company operates as an appointed representative.

Public Loss Adjusters (South) Limited - at the balance sheet date, there was an amount of £16,274 owed to Public Loss Adjusters (South) Limited; a trading company under common control, and in which Simon Colburn and Gary Rogers are directors. During the year, Public Loss Adjusters (South) Ltd charged the company a management fee of £869 in relation to brand and client management services.

Promark Sales & Marketing Limited - at the balance sheet date, there was an amount of £52,157 owed by Promark Sales and Marketing Ltd, a company controlled by Simon Colburn, a director.

SK Holdings (South) Limited - at the balance sheet date, there was an amount of £55,967 owed by SK Holdings (South) Ltd, a company controlled by Gary Rogers, a director.

Property Claim Assist (Midlands) Limited - at the balance sheet date, there was an amount of £10,799 owed to the company by Property Claim Assist (Midlands) Ltd, a company in which Property Claim Assist Ltd holds 50% of the issued share capital, and in which Simon Colburn and Gary Rogers are directors.
During the year, Property Claim Assist (Midlands) Ltd charged the company a network fee of £37,500, in its capacity as an FCA principal under which the company operates as an appointed representative.

Property Claim Assist (Northern) Limited - at the balance sheet date, there was an amount of £1,661 owed to the company by Property Claim Assist (Midlands) Ltd, a company in which Property Claim Assist Ltd,
a trading company under common control, and in which Simon Colburn and Gary Rogers are directors. During the year, Property Claim Assist (Midlands) Ltd charged the company a network fee of £18,750, in its capacity as an FCA principal under which the company operates as an appointed representative

9. ULTIMATE CONTROLLING PARTY

No individual is the ultimate controlling party. The entire share capital is divided equally between S K Holdings (South) Limited and Promark Sales & Marketing Limited, which in turn are controlled by Mr G Rogers and Mr S Colburn respectively.