Condon Claims Management Limited - Accounts to registrar (filleted) - small 18.2

Condon Claims Management Limited - Accounts to registrar (filleted) - small 18.2

CONDON CLAIMS MANAGEMENT LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v21.1.6.35 03910278 director 1.1.20 31.12.20 31.12.20 true false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure039102782019-12-31039102782020-12-31039102782020-01-012020-12-31039102782018-12-31039102782019-01-012019-12-31039102782019-12-3103910278ns16:EnglandWales2020-01-012020-12-3103910278ns15:PoundSterling2020-01-012020-12-3103910278ns11:Director12020-01-012020-12-3103910278ns11:PrivateLimitedCompanyLtd2020-01-012020-12-3103910278ns11:SmallEntities2020-01-012020-12-3103910278ns11:AuditExempt-NoAccountantsReport2020-01-012020-12-3103910278ns11:SmallCompaniesRegimeForDirectorsReport2020-01-012020-12-3103910278ns11:SmallCompaniesRegimeForAccounts2020-01-012020-12-3103910278ns11:FullAccounts2020-01-012020-12-3103910278ns11:CompanySecretary12020-01-012020-12-3103910278ns11:RegisteredOffice2020-01-012020-12-3103910278ns6:CurrentFinancialInstruments2020-12-3103910278ns6:CurrentFinancialInstruments2019-12-3103910278ns6:ShareCapital2020-12-3103910278ns6:ShareCapital2019-12-3103910278ns6:RetainedEarningsAccumulatedLosses2020-12-3103910278ns6:RetainedEarningsAccumulatedLosses2019-12-3103910278ns6:LeaseholdImprovements2020-01-012020-12-3103910278ns6:ComputerEquipment2020-01-012020-12-3103910278ns6:LeaseholdImprovements2019-12-3103910278ns6:ComputerEquipment2019-12-3103910278ns6:LeaseholdImprovements2020-12-3103910278ns6:ComputerEquipment2020-12-3103910278ns6:LeaseholdImprovements2019-12-3103910278ns6:ComputerEquipment2019-12-3103910278ns6:CostValuation2019-12-3103910278ns6:CurrentFinancialInstrumentsns6:WithinOneYear2020-12-3103910278ns6:CurrentFinancialInstrumentsns6:WithinOneYear2019-12-31
REGISTERED NUMBER: 03910278 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2020

for

Condon Claims Management Limited
Mostons
29 The Green
Winchmore Hill
London
N21 1HS








Condon Claims Management Limited (Registered number: 03910278)






Contents of the Financial Statements
for the Year Ended 31 December 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Condon Claims Management Limited


Company Information
for the Year Ended 31 December 2020







DIRECTOR: S P Condon





SECRETARY: C Condon





REGISTERED OFFICE: 29 The Green
Winchmore Hill
London
N21 1HS





REGISTERED NUMBER: 03910278 (England and Wales)





ACCOUNTANTS: Mostons
29 The Green
Winchmore Hill
London
N21 1HS
Page 1
Condon Claims Management Limited (Registered number: 03910278)


Balance Sheet
31 December 2020

31.12.20 31.12.19
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,691 3,694
Investments 5 376,235 376,235
377,926 379,929

CURRENT ASSETS
Debtors 6 163,279 200,377
Cash at bank and in hand 719,655 363,192
882,934 563,569
CREDITORS
Amounts falling due within one year 7 227,264 214,409
NET CURRENT ASSETS 655,670 349,160
TOTAL ASSETS LESS CURRENT LIABILITIES 1,033,596 729,089

PROVISIONS FOR LIABILITIES 322 703
NET ASSETS 1,033,274 728,386

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,033,174 728,286
SHAREHOLDERS' FUNDS 1,033,274 728,386

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 17 June 2021 and were signed by:




S P Condon - Director


The notes form part of these financial statements

Page 2
Condon Claims Management Limited (Registered number: 03910278)


Notes to the Financial Statements
for the Year Ended 31 December 2020

1. STATUTORY INFORMATION

Condon Claims Management 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 the cost less estimated residual value of each asset over its estimated useful life.
Improvements to property - 15% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year 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 year 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.

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.

Going concern
The worldwide coronavirus (COVID-19) pandemic developed rapidly during 2020. Nationwide measures taken to contain the virus have affected economic activity and although some businesses have felt a positive impact, the majority have been trading under challenging conditions.

Whilst the full impact of COVID-19 is not yet known, the directors have reviewed and considered relevant information in assessing the company's ability to trade going forward, they have concluded that the financial statements should be prepared on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2019 - 6 ) .

Page 3 continued...
Condon Claims Management Limited (Registered number: 03910278)


Notes to the Financial Statements - continued
for the Year Ended 31 December 2020

4. TANGIBLE FIXED ASSETS
Improvements
to Computer
property equipment Totals
£    £    £   
COST
At 1 January 2020 8,779 49,007 57,786
Additions - 819 819
At 31 December 2020 8,779 49,826 58,605
DEPRECIATION
At 1 January 2020 7,882 46,210 54,092
Charge for year 897 1,925 2,822
At 31 December 2020 8,779 48,135 56,914
NET BOOK VALUE
At 31 December 2020 - 1,691 1,691
At 31 December 2019 897 2,797 3,694

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2020
and 31 December 2020 376,235
NET BOOK VALUE
At 31 December 2020 376,235
At 31 December 2019 376,235

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.20 31.12.19
£    £   
Trade debtors 149,700 190,199
Other debtors 13,579 10,178
163,279 200,377

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.20 31.12.19
£    £   
Trade creditors 1,326 5,142
Taxation and social security 169,605 151,632
Other creditors 56,333 57,635
227,264 214,409

Page 4 continued...
Condon Claims Management Limited (Registered number: 03910278)


Notes to the Financial Statements - continued
for the Year Ended 31 December 2020

8. RELATED PARTY DISCLOSURES

During the year, Condon Claims Limited received management charges from Condon Claims Management Louisiana amounting to £150,042 (2019: £184,776).

Other debtors include £13,579 (2019: £10,178) owed in respect of this company. Condon Claims Management Louisiana is a company in which a company director has a material interest.

9. ULTIMATE CONTROLLING PARTY

The controlling party is S P Condon.

Page 5