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REGISTERED NUMBER: 03531997 (England and Wales)















MAYER BROWN LIMITED

Audited Financial Statements for the Year Ended 31 March 2024






MAYER BROWN LIMITED (REGISTERED NUMBER: 03531997)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MAYER BROWN LIMITED

Company Information
for the year ended 31 March 2024







DIRECTORS: A Barnley
A J Philpott
D R Bone
S Wotherspoon
I K C Mitchell
C Black





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





REGISTERED NUMBER: 03531997 (England and Wales)





AUDITORS: Xeinadin Audit Limited
Chartered Accountants and Statutory Auditors
Nightingale House
46-48 East Street
Epsom
Surrey
KT17 1HQ

MAYER BROWN LIMITED (REGISTERED NUMBER: 03531997)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 61,493 77,658

CURRENT ASSETS
Debtors 5 2,167,632 1,937,996
Cash at bank and in hand 734,508 944,060
2,902,140 2,882,056
CREDITORS
Amounts falling due within one year 6 674,826 661,789
NET CURRENT ASSETS 2,227,314 2,220,267
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,288,807

2,297,925

PROVISIONS FOR LIABILITIES 8 121,878 101,478
NET ASSETS 2,166,929 2,196,447

CAPITAL AND RESERVES
Called up share capital 9 127,619 127,620
Share premium 10 88,145 88,145
Retained earnings 10 1,951,165 1,980,682
2,166,929 2,196,447

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 25 September 2024 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 2024

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 2024

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 52 (2023 - 58 ) .

4. TANGIBLE FIXED ASSETS
Furniture,
F&F,
Computers Green
Survey & Office Cycles
equipment equipment Scheme Totals
£    £    £    £   
COST
At 1 April 2023 54,527 910,797 7,060 972,384
Additions - 19,403 - 19,403
Disposals - (6,049 ) - (6,049 )
At 31 March 2024 54,527 924,151 7,060 985,738
DEPRECIATION
At 1 April 2023 54,527 833,139 7,060 894,726
Charge for year - 35,568 - 35,568
Eliminated on disposal - (6,049 ) - (6,049 )
At 31 March 2024 54,527 862,658 7,060 924,245
NET BOOK VALUE
At 31 March 2024 - 61,493 - 61,493
At 31 March 2023 - 77,658 - 77,658

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,072,867 1,031,065
Amounts owed by group undertakings 751,399 551,570
Amounts recoverable on contract 157,105 208,911
Other debtors 10,291 13,116
Prepayments 175,970 133,334
2,167,632 1,937,996

MAYER BROWN LIMITED (REGISTERED NUMBER: 03531997)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 138,016 67,507
Tax 210 18,801
Social security and other taxes 115,968 113,886
VAT 152,910 150,603
Other creditors 93,233 77,743
Accruals and deferred income 174,489 233,249
674,826 661,789

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 165,548 171,435
Between one and five years 450,254 148,405
615,802 319,840

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 7,978 7,978
Dilapidations 113,900 93,500
121,878 101,478

Deferred
tax
£   
Balance at 1 April 2023 7,978
Balance at 31 March 2024 7,978

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid Nominal Value 2024 2023
Number Class £ £
10 Ordinary A 10p 1 1
10 Ordinary B 10p 1 1
693,325 Ordinary C 10p 69,333 69,333
582,845 Ordinary D 10p 58,284 58,284
127,619 127,619

MAYER BROWN LIMITED (REGISTERED NUMBER: 03531997)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

10. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 April 2023 1,980,682 88,145 2,068,827
Deficit for the year (9,517 ) (9,517 )
Dividends (20,000 ) (20,000 )
At 31 March 2024 1,951,165 88,145 2,039,310

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

The Report of the Auditors was unqualified.

Donald Nelson FCA (Senior Statutory Auditor)
for and on behalf of Xeinadin Audit Limited

12. 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.

13. ULTIMATE CONTROLLING PARTY

As at the 31st March 2024 the ultimate controlling party was MBL (Holding) Limited, a company controlled by A Barnley and A J Philpott.