Private Client Systems Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 11070901 (England and Wales)

Unaudited Financial Statements

for the Period 1 January 2024 to 30 December 2024

for

Private Client Systems Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S C Pigott

P I Allan

REGISTERED OFFICE:

9 St Georges Yard

Farnham

Surrey

GU9 7LW

REGISTERED NUMBER:

11070901 (England and Wales)

ACCOUNTANTS:

Blackwood Futcher & Co.

Chartered Accountants

9 St George's Yard

Farnham

Surrey

GU9 7LW

CURRENT ASSETS

Debtors

4

7,086

187,193

Cash at bank

-

6,555

7,086

193,748

CREDITORS

Amounts falling due within one year

5

38,043

39,448

NET CURRENT (LIABILITIES)/ASSETS

(30,957

)

154,300

TOTAL ASSETS LESS CURRENT
LIABILITIES

(30,957

)

154,300

CREDITORS

Amounts falling due after more than one
year

6

11,661

21,498

NET (LIABILITIES)/ASSETS

(42,618

)

132,802

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

(42,718

)

132,702

SHAREHOLDERS' FUNDS

(42,618

)

132,802

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 December 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 December 2024 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 29 December 2025 and were signed on its behalf by:

S C Pigott - Director

1.	STATUTORY INFORMATION

Private Client Systems 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

At the balance sheet date the company had net liabilities of £42,618. The ability of the company to continue to trade is dependant upon the continued support of the directors and other group companies.

The directors are of the opinion that the company will continue to receive this support and on this basis consider it appropriate to prepare the accounts on the going concern basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for the supply of legal assistance in relation to compensation claims, stated net of discounts and of Value Added Tax.

The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2023 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.12.24

31.12.23

£

Other debtors

7,086

187,193

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.12.24

31.12.23

£

Bank loans and overdrafts

12,646

10,000

Trade creditors

13,597

13,598

Taxation and social security

-

4,050

Other creditors

11,800

38,043

39,448

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.12.24

31.12.23

£

Bank loans

11,661

21,498

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 30 December 2024 and the year ended 31 December 2023:

30.12.24

31.12.23

£

S C Pigott

Balance outstanding at start of period

100

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

100

8.	RELATED PARTY DISCLOSURES

Included in debtors are amounts totalling £nil (2023 £180,595) that are due from companies in which the directors and shareholders of the company have a material interest.

The balance of due from related companies £185,828 was written off during the year.

Included in creditors are amounts totalling £10,000 (2023 £10,000) that are due to companies in which the directors and shareholders of the company have a material interest.