Property Claim Management Limited - Accounts to registrar (filleted) - small 22.3

Property Claim Management Limited - Accounts to registrar (filleted) - small 22.3

PROPERTY CLAIM MANAGEMENT LIMITED - Company Information

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REGISTERED NUMBER: 13336051 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2022

FOR

PROPERTY CLAIM MANAGEMENT LIMITED
PROPERTY CLAIM MANAGEMENT LIMITED (REGISTERED NUMBER: 13336051)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PROPERTY CLAIM MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2022







DIRECTOR: S A Colburn





REGISTERED OFFICE: Mackenzies Accountants
4 Kings Row
Armstrong Road
Maidstone
Kent
ME15 6AQ





REGISTERED NUMBER: 13336051 (England and Wales)





ACCOUNTANTS: Mackenzies Accountants Limited
Chartered Accountants
4 Kings Row
Armstrong Road
Maidstone
Kent
ME15 6AQ
Page 1
PROPERTY CLAIM MANAGEMENT LIMITED (REGISTERED NUMBER: 13336051)

BALANCE SHEET
31 OCTOBER 2022

2022 2021
Notes £ £
CURRENT ASSETS
Debtors 4 14,275 -
Cash at bank and in hand 12,000 2,000
26,275 2,000
CREDITORS
Amounts falling due within one year 5 8,989 -
NET CURRENT ASSETS 17,286 2,000
TOTAL ASSETS LESS CURRENT
LIABILITIES
17,286
2,000

CREDITORS
Amounts falling due after more than one
year
6
10,000
-
NET ASSETS 7,286 2,000

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Retained earnings 5,286 -
7,286 2,000

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2022 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 notes form part of these financial statements

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PROPERTY CLAIM MANAGEMENT LIMITED (REGISTERED NUMBER: 13336051)

BALANCE SHEET - continued
31 OCTOBER 2022


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 6 December 2022 and were signed by:





S A Colburn - Director


The notes form part of these financial statements

Page 3
PROPERTY CLAIM MANAGEMENT LIMITED (REGISTERED NUMBER: 13336051)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022


1. STATUTORY INFORMATION

Property Claim 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - NIL ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£ £
Trade debtors 14,275 -

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£ £
Taxation and social security 1,240 -
Other creditors 7,749 -
8,989 -

Other creditors relates to £7,750 accrual for FCA audit fee.

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£ £
Other creditors 10,000 -

Other creditors falling due after more than one year, consists entirely of an interest free loan from the company's director, Simon Colburn of £10,000. This loan may not be repaid without the consent of the Financial Conduct Authority. Furthermore it is an subordinated debt, whereby in the event of the insolvency of the company, it is subordinated to the Senior Liabilities, where the "Senior Liabilities" means all liabilities except the subordinated debt and the Excluded Liabilities; and the "Excluded Liabilities" means liabilities which are in the opinion of any appointed insolvency officer of the company, do rank junior to the Subordinated Liabilities in any Insolvency of the company.

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PROPERTY CLAIM MANAGEMENT LIMITED (REGISTERED NUMBER: 13336051)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2022


7. RELATED PARTY DISCLOSURES

The company is an FCA regulated insurance loss adjuster providing services to insured policyholders. As part of this activity, the company has an appointed representative, Property Claims Assist Limited in which the company's sole director, Simon Colburn is a director and 50% shareholder. During the period ending 31st October 2022 the company received sales income of £17,500 from Property Claims Assist Limited in respect of claims management services.

As at 31st October the company was owed £14,275 by Property Claims Assist Limited, this is included within trade debtors.

During the period 31st October 2022, Property Claims Assist Limited received fees of £311,208 in respect of services provided to insured policyholders in its capacity as an appointed representative of the company.

Page 5