TDR DISPUTE RESOLUTION & CONSTRUCTION MANAGEMENT LTD

Company Registration Number:
10747357 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

TDR DISPUTE RESOLUTION & CONSTRUCTION MANAGEMENT LTD

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

TDR DISPUTE RESOLUTION & CONSTRUCTION MANAGEMENT LTD

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Current assets
Debtors:   76,616 121,917
Cash at bank and in hand: 21,466 40,170
Total current assets: 98,082 162,087
Creditors: amounts falling due within one year:   (111,472) (163,295)
Net current assets (liabilities): (13,390) (1,208)
Total assets less current liabilities: (13,390) (1,208)
Total net assets (liabilities): (13,390) (1,208)
Capital and reserves
Called up share capital: 100 100
Profit and loss account: (13,490) (1,308)
Shareholders funds: (13,390) (1,208)

The notes form part of these financial statements

TDR DISPUTE RESOLUTION & CONSTRUCTION MANAGEMENT LTD

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 29 August 2024
and signed on behalf of the board by:

Name: Tara McCarthy
Status: Director

The notes form part of these financial statements

TDR DISPUTE RESOLUTION & CONSTRUCTION MANAGEMENT LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover comprises the invoice value supplied by the company, exclusive of trade discounts and value added tax. Basis of preparation The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Other accounting policies

Trade and other debtors Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts. Trade and other creditors Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. Employee benefits The company provides a range of benefits to employees, including annual bonus arrangements, paid holiday arrangements and defined contribution pension plans. Short term benefits, including holiday pay and other similar non-monetary benefits, are recognised as an expense in the period in which the service is received. Taxation and deferred taxation Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date. Foreign currencies Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account. Pensions The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. Annual contributions payable to the company's pension scheme are charged to the Profit and Loss Account in the period to which they relate. Ordinary share capital The ordinary share capital of the company is presented as equity. Going concern The company is 100% subsidiary of Construction Claims Ltd, a company registered in Ireland since 2007. The parent is willing to support the subsidiary for the forseable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

TDR DISPUTE RESOLUTION & CONSTRUCTION MANAGEMENT LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 1 2

TDR DISPUTE RESOLUTION & CONSTRUCTION MANAGEMENT LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Financial commitments

The company had no material capital commitments at the financial year-ended 31 December 2023.

TDR DISPUTE RESOLUTION & CONSTRUCTION MANAGEMENT LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Related party transactions

Parent and ultimate parent company The company regards Construction Claims Ltd as its parent company. The company's ultimate parent undertaking is Construction Claims Ltd. The address of Construction Claims Ltd is 5B Millenium Court, Foxhole, Youghal, Co. Cork, Ireland. Construction Claims Ltd is regarded as both the controlling party and the ultimate controlling party. Group Company Exemption The company has availed of the exemption under Section 33.1A FRS 102 in relation to disclosure transactions with the group members.

TDR DISPUTE RESOLUTION & CONSTRUCTION MANAGEMENT LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Post balance sheet events

There have been no significant events affecting the company since the financial year-end.