Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-3142022-04-01falseNo description of principal activity4falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09993069 2022-04-01 2023-03-31 09993069 2021-04-01 2022-03-31 09993069 2023-03-31 09993069 2022-03-31 09993069 c:Director1 2022-04-01 2023-03-31 09993069 d:ComputerEquipment 2022-04-01 2023-03-31 09993069 d:ComputerEquipment 2023-03-31 09993069 d:ComputerEquipment 2022-03-31 09993069 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 09993069 d:CurrentFinancialInstruments 2023-03-31 09993069 d:CurrentFinancialInstruments 2022-03-31 09993069 d:Non-currentFinancialInstruments 2023-03-31 09993069 d:Non-currentFinancialInstruments 2022-03-31 09993069 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 09993069 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 09993069 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 09993069 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 09993069 d:ShareCapital 2023-03-31 09993069 d:ShareCapital 2022-03-31 09993069 d:RetainedEarningsAccumulatedLosses 2023-03-31 09993069 d:RetainedEarningsAccumulatedLosses 2022-03-31 09993069 c:FRS102 2022-04-01 2023-03-31 09993069 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 09993069 c:FullAccounts 2022-04-01 2023-03-31 09993069 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure
Company registration number: 09993069







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2023


MITCHELL RIGHTS MANAGEMENT LIMITED






































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MITCHELL RIGHTS MANAGEMENT LIMITED
REGISTERED NUMBER:09993069



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
  
965
411

  
965
411

Current assets
  

Debtors: amounts falling due within one year
  
34,300
27,985

Cash at bank and in hand
  
39,655
68,554

  
73,955
96,539

Creditors: amounts falling due within one year
  
(113,987)
(117,467)

Net current liabilities
  
 
 
(40,032)
 
 
(20,928)

Total assets less current liabilities
  
(39,067)
(20,517)

Creditors: amounts falling due after more than one year
  
(30,459)
(34,611)

  

Net liabilities
  
(69,526)
(55,128)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(69,626)
(55,228)

  
(69,526)
(55,128)


Page 1

 


MITCHELL RIGHTS MANAGEMENT LIMITED
REGISTERED NUMBER:09993069


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
B C Mitchell
Director

Date: 26 February 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 


MITCHELL RIGHTS MANAGEMENT LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Mitchell Rights 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.
The presentation currency of the financial statements is the Pound Sterling (£).

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 
2.2

Going concern

The directors have undertaken to continue their financial support of the company for the foreseeable future. On this basis they believe it is appropriate to prepare these accounts on a going concern basis.

 
2.3

Revenue

Revenue represents the total invoice value, excluding value added tax, trade discounts and all other taxes of sales made during the year. Revenue is recognised in the income statement at the date the service is provided.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 


MITCHELL RIGHTS MANAGEMENT LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Page 4

 


MITCHELL RIGHTS MANAGEMENT LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2022 - 4).


4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 April 2022
3,730


Additions
875



At 31 March 2023

4,605



Depreciation


At 1 April 2022
3,319


Charge for the year on owned assets
321



At 31 March 2023

3,640



Net book value



At 31 March 2023
965



At 31 March 2022
411


5.


Debtors

2023
2022
£
£


Trade debtors
8,700
7,200

Other debtors
343
343

Prepayments and accrued income
8,883
7,507

Deferred taxation
16,374
12,935

34,300
27,985


Page 5

 


MITCHELL RIGHTS MANAGEMENT LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
4,147
4,047

Trade creditors
-
681

Other taxation and social security
14,216
14,285

Other creditors
89,624
92,454

Accruals and deferred income
6,000
6,000

113,987
117,467



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
30,459
34,611

30,459
34,611


 
Page 6