Claimant Costs Recovery (North ) Ltd - Accounts to registrar (filleted) - small 18.2
Claimant Costs Recovery (North ) Ltd - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 30 June 2022 |
| for |
| CLAIMANT COSTS RECOVERY (NORTH ) LTD |
| CLAIMANT COSTS RECOVERY (NORTH ) LTD (REGISTERED NUMBER: 08108545) |
| Contents of the Financial Statements |
| for the year ended 30 June 2022 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 4 |
| CLAIMANT COSTS RECOVERY (NORTH ) LTD |
| Company Information |
| for the year ended 30 June 2022 |
| Directors: |
| Registered office: |
| Registered number: |
| Accountants: |
| Chartered Accountants |
| 23 Algitha Road |
| Skegness |
| United Kingdom |
| PE25 2AG |
| CLAIMANT COSTS RECOVERY (NORTH ) LTD (REGISTERED NUMBER: 08108545) |
| Statement of Financial Position |
| 30 June 2022 |
| 2022 | 2021 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Tangible assets | 4 |
| Investments | 5 |
| Current assets |
| Debtors | 6 |
| Cash at bank and in hand |
| Creditors |
| Amounts falling due within one year | 7 |
| Net current assets |
| Total assets less current liabilities |
| Creditors |
| Amounts falling due after more than one year | 8 | ( |
) | ( |
) |
| Provisions for liabilities | ( |
) | ( |
) |
| Net assets |
| Capital and reserves |
| Called up share capital | 10 |
| Capital redemption reserve | 11 |
| Retained earnings | 11 |
| Shareholders' funds |
| CLAIMANT COSTS RECOVERY (NORTH ) LTD (REGISTERED NUMBER: 08108545) |
| Statement of Financial Position - continued |
| 30 June 2022 |
| 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. |
| 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 |
| CLAIMANT COSTS RECOVERY (NORTH ) LTD (REGISTERED NUMBER: 08108545) |
| Notes to the Financial Statements |
| for the year ended 30 June 2022 |
| 1. | Statutory information |
| Claimant Costs Recovery (North ) Ltd is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| 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 |
| Investments in associates |
| Investments in associate undertakings are recognised at 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 statement of financial position date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 pension scheme as required by law for all employees. All payments are charged to the profit and loss account in the period to which they relate. |
| 3. | Employees and directors |
| The average number of employees during the year was |
| CLAIMANT COSTS RECOVERY (NORTH ) LTD (REGISTERED NUMBER: 08108545) |
| Notes to the Financial Statements - continued |
| for the year ended 30 June 2022 |
| 4. | Tangible fixed assets |
| Fixtures |
| and | Computer |
| fittings | equipment | Totals |
| £ | £ | £ |
| Cost |
| At 1 July 2021 |
| Additions |
| At 30 June 2022 |
| Depreciation |
| At 1 July 2021 |
| Charge for year |
| At 30 June 2022 |
| Net book value |
| At 30 June 2022 |
| At 30 June 2021 |
| 5. | Fixed asset investments |
| Interest in |
| associate |
| £ |
| Cost |
| At 1 July 2021 |
| and 30 June 2022 |
| Net book value |
| At 30 June 2022 |
| At 30 June 2021 |
| The company's investments at the Statement of Financial Position date in the share capital of companies include the following: |
| Registered office: 35 Algitha Road, Skegness, Lincolnshire. |
| Nature of business: |
| % |
| Class of shares: | holding |
| 2022 | 2021 |
| £ | £ |
| Aggregate capital and reserves |
| Profit for the year |
| CLAIMANT COSTS RECOVERY (NORTH ) LTD (REGISTERED NUMBER: 08108545) |
| Notes to the Financial Statements - continued |
| for the year ended 30 June 2022 |
| 6. | Debtors: amounts falling due within one year |
| 2022 | 2021 |
| £ | £ |
| Trade debtors |
| Prepayments |
| 7. | Creditors: amounts falling due within one year |
| 2022 | 2021 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Corporation tax |
| Social security and other taxes |
| VAT liability | 3,247 | 4,357 |
| Directors' current accounts | 52 | 52 |
| 8. | Creditors: amounts falling due after more than one year |
| 2022 | 2021 |
| £ | £ |
| Government bounce back loan | 31,337 | 50,000 |
| Amounts falling due in more than five years: |
| Repayable otherwise than by instalments |
| Government bounce back loan |
| 9. | Secured debts |
| The National Westminster Bank has a fixed and floating charge over the property and undertakings of the company dated 22 June 2016. |
| 10. | Called up share capital |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2022 | 2021 |
| value: | £ | £ |
| Ordinary | £1 | 1,400 | 1,400 |
| CLAIMANT COSTS RECOVERY (NORTH ) LTD (REGISTERED NUMBER: 08108545) |
| Notes to the Financial Statements - continued |
| for the year ended 30 June 2022 |
| 11. | Reserves |
| Capital |
| Retained | redemption |
| earnings | reserve | Totals |
| £ | £ | £ |
| At 1 July 2021 | 96,662 |
| Deficit for the year | ( |
) | ( |
) |
| Dividends | ( |
) | ( |
) |
| At 30 June 2022 | 73,719 |
| 12. | Related party disclosures |
| Mr C N H Seymour |
| Director |
| The company paid a consultancy fee amounting to £21,000 (2021 £21,550) to Hanmark Limited a company in which the director is a shareholder. |
| A dividend of £3,500 (2021 £7,000) was paid to the Director during the year. |
| 2022 | 2021 |
| £ | £ |
| Amount due to related party at the balance sheet date | 26 | 26 |
| Mr M R Phelps |
| Director |
| The company paid a consultancy fee amounting to £24,450 (2021 £24,521) to Engage Legal Consulting Limited a company in which the director is a shareholder. |
| A dividend of £3,500 (2021 £7,000) was paid to the Director during the year. |
| 2022 | 2021 |
| £ | £ |
| Amount due to related party at the balance sheet date | 26 | 26 |
| Miss J A Reddish |
| Director |
| A dividend of £3,000 (2021 £6,000) was paid to the Director during the year. |
| Care Necessities Limited |
| A company which is 80% owned by Claimant Costs Recovery (North) ltd |
| The company received a dividend of £8,000 (2021 £NIL) from Care Necessities Limited during the year. |