Legal Protection Group Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 10096688

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		12,442		8,711
Investments	5		731,832		731,832

			744,274		740,543
CURRENT ASSETS
Debtors	6	3,739,472		2,171,146
Cash at bank and in hand		1,420,276		976,371

		5,159,748		3,147,517
Creditors: Amounts Falling Due Within One Year	7	(5,697,979 )		(3,549,320 )

NET CURRENT ASSETS (LIABILITIES)			(538,231 )		(401,803 )

TOTAL ASSETS LESS CURRENT LIABILITIES			206,043		338,740

NET ASSETS			206,043		338,740

CAPITAL AND RESERVES
Called up share capital	8		1,486,085		1,000,000
Profit and Loss Account			(1,280,042 )		(661,260 )

SHAREHOLDERS' FUNDS			206,043		338,740

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Legal Protection Group Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr M G Rowan Director	Mr M H Bex Director
15/09/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Legal Protection Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10096688 . The registered office is Unit 8 Pinkers Court, Briarlands Office Park, Gloucester Road, Rudgeway, Bristol, BS35 3QH.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Revenue recognition

Turnover represents commission income on ATE and BTE cases. In accordance with FRS102, turnover in respect of cases which are contingent on future events outside of the control of the Company is not recognised until the contingent event has occurred.

For policies that have been issued where the final outcome can be assessed with reasonable certainty, income is recorded when the policy is issued less a provision in respect of any contingent element based on industry benchmarks. No value is placed on accrued income in respect of contingent fee cases in accordance with FRS102 where there is insufficient certainty as to the outcome of the case to justify the recognition as an asset.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

33% straight line

2.4. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 41 (2023: 36)

4. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 January 2024	18,051
Additions	10,196

As at 31 December 2024	28,247

Depreciation
As at 1 January 2024	9,340
Provided during the period	6,465

As at 31 December 2024	15,805

Net Book Value
As at 31 December 2024	12,442

As at 1 January 2024	8,711

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Legal Protection Group Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

5. Investments

	Subsidiaries
	£
Cost or Valuation
As at 1 January 2024	731,832

As at 31 December 2024	731,832

Provision
As at 1 January 2024	-

As at 31 December 2024	-

Net Book Value
As at 31 December 2024	731,832

As at 1 January 2024	731,832

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking Registered office Holding

2024 2023

Subsidiary undertakings

Legal Protection Group (Canada) Ltd Canada 75% 75%

Legal Protection Insurance (Ireland) DAC Ireland 75% 75%

Legal Claims Group Ltd England & Wales 100% 100%

The nominal value of the issued share capital in the dormant subsidiaries is £766. (2023 - £766)

Subsidiary undertakings

Legal Protection Group (Canada) Ltd

The principal activity of Legal Protection Group (Canada) Ltd is Dormant.

Legal Protection Insurance (Ireland) DAC

The principal activity of Legal Protection Insurance (Ireland) DAC is Dormant.

Legal Claims Group Ltd

The principal activity of Legal Claims Group Ltd is Dormant.

Capital investments

The following investments are in associated risk carriers to the Company in the form of cash capital investments. They are held at cost and form part of the capital adequacy requirements of the regulated entities.

Avonbridge Guernsey PCC £500,000

Avonbridge Seychelles PCC £231,066

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Legal Protection Group Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	118,633	118,633
Prepayments and accrued income	1,789,012	1,199,266
Other debtors	1,406,477	535,697
Amounts owed by other participating interests	317,550	317,550

	3,631,672	2,171,146
Due after more than one year
Other debtors	107,800	-

	3,739,472	2,171,146

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	176,651	115,870
Other creditors	5,415,522	3,304,694
Taxation and social security	105,806	128,756

	5,697,979	3,549,320

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	1,486,085	1,000,000

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