REGISTERED NUMBER: 04318472 (England and Wales)

PCL CLAIMS (UK) LIMITED

Financial Statements

for the Year Ended 31 July 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

M D Cox

D W Cox

S J Smith

Secretary:

D J Watts

Registered office:

3rd Floor

86-90 Paul Street

London

EC2A 4NE

Registered number:

04318472 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

Broadwalk House, 5th Floor

5 Appold Street

Broadgate

London

EC2A 2AG

Current assets

Debtors

5

89,473

54,384

Cash at bank

8,643

21,357

98,116

75,741

Creditors

Amounts falling due within one year

6

(95,895

)

(74,652

)

Net current assets

2,221

1,089

Total assets less current liabilities

2,221

1,089

Capital and reserves

Called up share capital

1

1

Retained earnings

2,220

1,088

2,221

1,089

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

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 9 December 2025 and were signed on its behalf by:

M D Cox - Director

1.	Statutory information

PCL Claims (UK) 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.

Turnover represents net invoiced sales of services, excluding value added tax.

Revenue from contracts for the provision of services is recognised when invoiced, which in the course of this company's business occurs when the marine claim has been settled.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment straight line over 3 years

Computer equipment straight line over 3 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Financial instruments

Financial assets and financial liabilities are recognised in the Balance Sheet when the Company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the Company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts which are an integral part of the Company's cash management.

Financial liabilities and equity instruments issued by the Company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities. Equity instruments issued by the Company are recorded at the proceeds received, net of direct issue costs.

Foreign currencies

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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3.	Employees and directors

The average number of employees during the year was 4 (2024 - 4 ) .

4.	Tangible fixed assets

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

Cost

At 1 August 2024

and 31 July 2025

5,173

12,322

17,495

Depreciation

At 1 August 2024

and 31 July 2025

5,173

12,322

17,495

Net book value

At 31 July 2025

-

-

-

At 31 July 2024

-

-

-

5.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

1,640

14,174

Amounts owed by group undertakings

76,735

2,894

Amounts owed by related parties

1,044

2,370

VAT

2,887

-

Prepayments

7,167

34,946

89,473

54,384

6.

Creditors: amounts falling due within one year

2025

2024

£

£

Trade creditors

(1

)

-

Amounts owed to group undertakings

12,461

17,921

Amounts owed to parent

74,525

41,899

Tax

1,562

1,939

VAT

-

3,392

Other creditors

1,285

2,312

Accrued expenses

6,063

7,189

95,895

74,652

7.	Ultimate controlling party

The Company's immediate and ultimate parent undertaking is W.E. Cox Claims Group Limited, which has taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

The ultimate parent company's registered office is 3rd Floor 86-90 Paul Street, London, England, EC2A 4NE.

The interests of the directors in that company's share capital can be found in the accounts of that company.