Property Claim Assist Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 12922885 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 NOVEMBER 2021 TO 30 APRIL 2023

FOR

PROPERTY CLAIM ASSIST LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S A Colburn

G J Rogers

REGISTERED OFFICE:

Mackenzies Accountants

4 Kings Row

Armstrong Road

Maidstone

Kent

ME15 6AQ

REGISTERED NUMBER:

12922885 (England and Wales)

ACCOUNTANTS:

Mackenzies Accountants Limited

Chartered Accountants

4 Kings Row

Armstrong Road

Maidstone

Kent

ME15 6AQ

FIXED ASSETS

Tangible assets

4

4,910

-

CURRENT ASSETS

Debtors

5

158,058

-

Cash at bank

145,612

63,204

303,670

63,204

CREDITORS

Amounts falling due within one year

6

233,944

59,050

NET CURRENT ASSETS

69,726

4,154

TOTAL ASSETS LESS CURRENT LIABILITIES

74,636

4,154

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

74,536

4,054

SHAREHOLDERS' FUNDS

74,636

4,154

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 2023 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 30 January 2024 and were signed on its behalf by:

G J Rogers - Director

S A Colburn - Director

1.	STATUTORY INFORMATION

Property Claim Assist 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 each asset over its estimated useful life.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 6 (2021 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

6,470

At 30 April 2023

6,470

DEPRECIATION

Charge for period

1,560

At 30 April 2023

1,560

NET BOOK VALUE

At 30 April 2023

4,910

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2021

£

£

Trade debtors

22,653

-

Amounts owed by associates

131,239

-

Other debtors

4,166

-

158,058

-

Other debtors includes an amount of £4,166 (2021: £NIL) due back from a customer in relation to a purchase made on their behalf.

Amounts owed by associates related to the following entities:

- S K Holdings (South) Limited - £68,169 (2021: £NIL)

- Promark Sales & Marketing Limited - £62,948 (2021: £NIL)

- Property Claim Repair Network Limited - £122 (2021: £NIL)

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2021

£

£

Trade creditors

100,000

-

Amounts owed to associates

35,940

38,700

Tax

65,499

8,925

Social security and other taxes

568

-

VAT

28,917

8,750

Other creditors

318

-

Accruals and deferred income

2,702

2,675

233,944

59,050

Other creditors includes an amount of £318 (2021: £NIL) in respect of pension contributions due.

Amounts owed to associates related to the following entities:

- Public Loss Adjusters (South) Limited - £35,256 (2021: £4,800)

- S K Holdings (South) Limited - £NIL (2021: £16,950)

- Promark Sales & Marketing Limited - £NIL (2021: £16,950)

- Property Claim Management Limited - £684 (2021: £NIL)

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2021

value:

£

£

100

Ordinary

£1

100

100

8.	RELATED PARTY DISCLOSURES

Property Claim Management Limited

At the balance sheet date, there was an amount owed to Property Claim Management Limited; a trading company under common control; amounting to £684. This is included within amounts owed to associated undertakings.

Public Loss Adjusters (South) Limited

At the balance sheet date, there was an amount owed to Public Loss Adjusters (South) Limited; a trading company under common control; amounting to £35,356. This is included within amounts owed by associated undertakings.

Promark Sales & Marketing Limited

At the balance sheet date, there was an amount owed by Promark Sales & Marketing Limited; a trading company under common control; amounting to £62,948. This is included within amounts owed by associated undertakings.

S K Holdings (South) Limited

At the balance sheet date, there was an amount owed by S K Holdings (South) Limited; a trading company under common control; amounting to £68,169. This is included within amounts owed by associated undertakings.

Property Claim Repair Network Limited

At the balance sheet date, there was an amount owed by Property Claim Repair Network Limited; a trading company under common control; amounting to £122. This is included within amounts owed by associated undertakings.

9.	ULTIMATE CONTROLLING PARTY

No individual is the ultimate controlling party. The entire share capital is divided equally between S K Holdings (South) Limited and Promark Sales & Marketing Limited, which in turn are controlled by Mr G Rogers and Mr S Colburn respectively.