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REGISTERED NUMBER: 02669638 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Marten Walsh Cherer Limited

Marten Walsh Cherer Limited (Registered number: 02669638)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Marten Walsh Cherer Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: A Bak
J Mandelbaum





SECRETARY: Elemental Company Secretary Limited





REGISTERED OFFICE: 27 Old Gouuscester Street
London
WC1N 3AX





REGISTERED NUMBER: 02669638 (England and Wales)





AUDITORS: Harts Limited
Westminster House
10 Westminster Road
Macclesfield
Cheshire
SK10 1BX

Marten Walsh Cherer Limited (Registered number: 02669638)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 508 2,539
Tangible assets 5 62,843 102,585
63,351 105,124

CURRENT ASSETS
Debtors 6 997,179 1,127,194
Cash at bank 7 342,705 1,642,543
1,339,884 2,769,737
CREDITORS
Amounts falling due within one year 8 1,142,051 605,662
NET CURRENT ASSETS 197,833 2,164,075
TOTAL ASSETS LESS CURRENT
LIABILITIES

261,184

2,269,199

PROVISIONS FOR LIABILITIES - 19,974
NET ASSETS 261,184 2,249,225

CAPITAL AND RESERVES
Called up share capital 9 23,808 23,808
Share premium 6,022 6,022
Capital redemption reserve 3,942 3,942
Retained earnings 227,412 2,215,453
SHAREHOLDERS' FUNDS 261,184 2,249,225

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 17 September 2024 and were signed on its behalf by:





A Bak - Director


Marten Walsh Cherer Limited (Registered number: 02669638)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Marten Walsh Cherer 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

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.

Revenue

Revenue from a contract to provide services is recognised when all the following conditions are satisfied:
- the amount of revenue can be measured reliably;
- it is probable that the economic benefits associated with the transaction will flow to the company;
- the costs incurred or to be incurred in respect of the transition can be measured reliably: and
- the stage of completion of the contract at the end of the reporting period can be measured reliably

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery20% and 33% straight line
Fixtures & Fittings20% straight line
Computer Equipment20% and 33% straight line


Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of
financial assets and liabilities like trade and other debtors and creditors, loans from banks and other
third parties, loans to related parties and investments in non-puttable ordinary shares.


Marten Walsh Cherer Limited (Registered number: 02669638)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2022 - 27 ) .

Marten Walsh Cherer Limited (Registered number: 02669638)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 31 December 2023 6,093
AMORTISATION
At 1 January 2023 3,554
Charge for year 2,031
At 31 December 2023 5,585
NET BOOK VALUE
At 31 December 2023 508
At 31 December 2022 2,539

5. TANGIBLE FIXED ASSETS
Plant and Fixtures
machinery & Fittings Totals
£    £    £   
COST
At 1 January 2023 332,493 29,200 361,693
Additions 3,605 1,300 4,905
Disposals (13,065 ) - (13,065 )
At 31 December 2023 323,033 30,500 353,533
DEPRECIATION
At 1 January 2023 244,230 14,878 259,108
Charge for year 39,911 4,735 44,646
Eliminated on disposal (13,064 ) - (13,064 )
At 31 December 2023 271,077 19,613 290,690
NET BOOK VALUE
At 31 December 2023 51,956 10,887 62,843
At 31 December 2022 88,263 14,322 102,585

Marten Walsh Cherer Limited (Registered number: 02669638)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 554,401 751,923
Other debtors 4,307 4,307
Deferred tax asset 131,693 -
Prepayments and accrued income 306,778 370,964
997,179 1,127,194

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

7. CASH AT BANK

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 57,165 49,720
Amounts owed to group undertakings 821,388 -
Tax - 172,044
Social security and other taxes 48,288 57,069
VAT 130,962 182,244
Other creditors 39,745 46,984
Accruals and deferred income 44,503 97,601
1,142,051 605,662

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
23,808 Ordinary 1 23,808 23,808

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

The Report of the Auditors was unqualified.

Melissa Bowers FCCA (Senior Statutory Auditor)
for and on behalf of Harts Limited

Marten Walsh Cherer Limited (Registered number: 02669638)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

11. ULTIMATE CONTROLLING PARTY

The controlling party is Escribers Limited a company incorporated in UK.
The ultimate controlling party is US Courtscript Acquisition LP, a company incorporated in USA.