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REGISTERED NUMBER: 03531997 (England and Wales)















MAYER BROWN LIMITED

Audited Financial Statements for the Year Ended 31 March 2023






MAYER BROWN LIMITED (REGISTERED NUMBER: 03531997)






Contents of the Financial Statements
for the year ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MAYER BROWN LIMITED

Company Information
for the year ended 31 March 2023







DIRECTORS: P Stocker
B J Bone
A Barnley
A J Philpott
D R Bone
S Wotherspoon
I K C Mitchell





REGISTERED OFFICE: Lion House
Oriental Road
Woking
Surrey
GU22 8AR





REGISTERED NUMBER: 03531997 (England and Wales)





AUDITORS: Xeinadin Auditing
Chartered Accountants and Statutory Auditors
Becket House
36 Old Jewry
London
EC2R 8DD

MAYER BROWN LIMITED (REGISTERED NUMBER: 03531997)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 77,658 83,824

CURRENT ASSETS
Debtors 5 1,937,996 1,792,716
Cash at bank and in hand 944,060 1,202,698
2,882,056 2,995,414
CREDITORS
Amounts falling due within one year 6 661,789 829,187
NET CURRENT ASSETS 2,220,267 2,166,227
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,297,925

2,250,051

PROVISIONS FOR LIABILITIES 8 101,478 81,078
NET ASSETS 2,196,447 2,168,973

CAPITAL AND RESERVES
Called up share capital 9 127,620 115,588
Share premium 10 88,145 65,468
Retained earnings 10 1,980,682 1,987,917
2,196,447 2,168,973

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 27 September 2023 and were signed on its behalf by:




A Barnley - Director



A J Philpott - Director


MAYER BROWN LIMITED (REGISTERED NUMBER: 03531997)

Notes to the Financial Statements
for the year ended 31 March 2023

1. STATUTORY INFORMATION

Mayer Brown 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.

The financial statements are presented in Sterling which is the functional currency of the company.

The financial statements are prepared on a going concern basis.

TURNOVER
Turnover represents the fair value of consideration received or receivable in respect of services supplied, excluding value added tax. Revenue is recognised on completion of a contract, or part-completion where the outcome of the contract can be estimated reliably, in which case contract revenue and contract costs associated with the contract are recognised as revenue and expenses respectively by reference to the stage of completion of the contract activity at the end of the reporting period. Any foreseeable losses on contracts are recognised immediately.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Survey equipment - 25% on cost
Furniture, F&F, Computers & Office equipment - 33% on cost, 25% on cost and 20% 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.

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.

MAYER BROWN LIMITED (REGISTERED NUMBER: 03531997)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 58 (2022 - 54 ) .

4. TANGIBLE FIXED ASSETS
Furniture,
F&F,
Computers Green
Survey & Office Cycles
equipment equipment Scheme Totals
£    £    £    £   
COST
At 1 April 2022 54,527 869,999 7,060 931,586
Additions - 43,048 - 43,048
Disposals - (2,250 ) - (2,250 )
At 31 March 2023 54,527 910,797 7,060 972,384
DEPRECIATION
At 1 April 2022 54,527 786,175 7,060 847,762
Charge for year - 49,214 - 49,214
Eliminated on disposal - (2,250 ) - (2,250 )
At 31 March 2023 54,527 833,139 7,060 894,726
NET BOOK VALUE
At 31 March 2023 - 77,658 - 77,658
At 31 March 2022 - 83,824 - 83,824

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,031,065 1,347,074
Amounts owed by group undertakings 551,570 -
Amounts recoverable on contract 208,911 325,858
Other debtors 13,116 12,469
Prepayments 133,334 107,315
1,937,996 1,792,716

MAYER BROWN LIMITED (REGISTERED NUMBER: 03531997)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 67,507 147,437
Tax 18,801 38,399
Social security and other taxes 113,886 114,128
VAT 150,603 171,761
Other creditors 77,743 76,549
Accruals and deferred income 233,249 280,913
661,789 829,187

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 197,403 265,129
Between one and five years 72,190 264,118
269,593 529,247

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 7,978 7,978
Dilapidations 93,500 73,100
101,478 81,078

Deferred
tax
£   
Balance at 1 April 2022 7,978
Balance at 31 March 2023 7,978

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid Nominal Value 2023 2022
Number Class £ £
10 (2022: 1) Ordinary A 10p (2022 £1) 1 1
10 (2022: 1) Ordinary B 10p (2022 £1) 1 1
693,325 (2022: 609,105) Ordinary C 10p 69,333 60,910
582,845 (2022: 546,752) Ordinary D 10p 58,284 54,675
127,619 115,587

MAYER BROWN LIMITED (REGISTERED NUMBER: 03531997)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

10. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 April 2022 1,987,917 65,468 2,053,385
Profit for the year 89,225 89,225
Dividends (96,460 ) (96,460 )
Cash share issue - 22,677 22,677
At 31 March 2023 1,980,682 88,145 2,068,827

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

HM Day BSc (Hons) FCA DChA (Senior Statutory Auditor)
for and on behalf of Xeinadin Auditing

12. RELATED PARTY DISCLOSURES

During the prior year, Brown & Co (Planning) Limited, a company controlled by J Brown (son of A M Brown), rented desk space from Mayer Brown Limited. A total amount of £Nil (2022: £632) was charged for desk space, printing and copy charges, administration assistance and consultancy work during the year.

All balances are interest free and repayable on demand, unless stated otherwise.

13. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

14. ULTIMATE CONTROLLING PARTY

As at the 31st March 2023 the ultimate controlling party was MBL (Holding) Limited

During the year the entire share capital of Mayer Brown Limited was acquired by MBL (Holding) Limited, a company controlled by A Barnley and A J Philpott.