Caseware UK (AP4) 2023.0.135 2023.0.135 2023-07-312023-07-3122022-08-01falseNo description of principal activity2falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05303473 2022-08-01 2023-07-31 05303473 2023-07-31 05303473 2021-08-01 2022-07-31 05303473 2022-07-31 05303473 c:CompanySecretary1 2022-08-01 2023-07-31 05303473 c:Director1 2022-08-01 2023-07-31 05303473 c:RegisteredOffice 2022-08-01 2023-07-31 05303473 d:CurrentFinancialInstruments 2023-07-31 05303473 d:CurrentFinancialInstruments 2022-07-31 05303473 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 05303473 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 05303473 d:ShareCapital 2023-07-31 05303473 d:ShareCapital 2022-07-31 05303473 d:RetainedEarningsAccumulatedLosses 2023-07-31 05303473 d:RetainedEarningsAccumulatedLosses 2022-07-31 05303473 c:FRS102 2022-08-01 2023-07-31 05303473 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 05303473 c:FullAccounts 2022-08-01 2023-07-31 05303473 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 05303473 2 2022-08-01 2023-07-31 05303473 6 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure
Company registration number: 05303473







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 JULY 2023


PRODDOW MACKAY LEGAL LIMITED






































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PRODDOW MACKAY LEGAL LIMITED
 



CONTENTS



Page
Company information
1
Statement of financial position
2 - 3
Notes to the financial statements
4 - 6


 


PRODDOW MACKAY LEGAL LIMITED
 


 
COMPANY INFORMATION


Director
D J Mackay 




Company secretary
J H Bostock



Registered number
05303473



Registered office
Pm House
Shepcote Lane

Sheffield

S9 1TP




Accountants
Menzies LLP
Chartered Accountants

1st Floor

Midas House

62 Goldsworth Road

Woking

Surrey

GU21 6LQ




Page 1

 


PRODDOW MACKAY LEGAL LIMITED
REGISTERED NUMBER:05303473



STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
100,005
100,005

  
100,005
100,005

Current assets
  

Debtors: amounts falling due within one year
 5 
322,998
311,928

Cash at bank and in hand
  
2
2

  
323,000
311,930

Creditors: amounts falling due within one year
 6 
(362,796)
(286,757)

Net current (liabilities)/assets
  
 
 
(39,796)
 
 
25,173

Total assets less current liabilities
  
60,209
125,178

  

Net assets
  
60,209
125,178

Page 2

 


PRODDOW MACKAY LEGAL LIMITED
REGISTERED NUMBER:05303473


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

2023
2022
Note
£
£

Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
60,207
125,176

  
60,209
125,178


The director considers 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 director acknowledges his 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: 




................................................
D J Mackay
Director

Date: 31 October 2024

The notes on pages 4 to 6 form part of these financial statements.

Page 3

 


PRODDOW MACKAY LEGAL LIMITED
 


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

1.


General information

Proddow Mackay Legal Limited is a private company limited by shares incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office and principal place of business is disclosed on the company information page.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetaryamounts in these financial statements are rounded to the nearest £ .

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.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
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

Taxation

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.

Page 4

 


PRODDOW MACKAY LEGAL LIMITED
 


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

2.Accounting policies (continued)

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.7

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 ordinary shares.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 August 2022
100,005



At 31 July 2023
100,005




Page 5

 


PRODDOW MACKAY LEGAL LIMITED
 


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

5.


Debtors

2023
2022
£
£


Other debtors
322,998
311,928

322,998
311,928



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
140,382
187,928

Corporation tax
91,932
94,352

Other creditors
126,682
-

Accruals and deferred income
3,800
4,477

362,796
286,757



7.


Description of nature of transactions and balances with related parties

A loan receivable from Linkfield Claims Services Limited totalling £17,350 (2022: £17,350) remains outstanding at the year end, is interest free and repayable on demand. Proddow Mackay Legal Limited owns 25% of the shares in Linkfield Claims Services Limited.
A loan receivable from Proddow Mackay Solicitors LLP, the parent company, totalling £126,682 (2022: £43,874) remains outstanding at the year end, is interest free and repayable on demand.
A loan receivable from Autonet Law LLP, an entity under common control, totalling £297,652 (2022: £242,705) remains outstanding at the year end, is interest free and repayable on demand.
A loan payable to OJM Law LLP, an entity under common control, totalling £123,173 (2022: £155,359) remains outstanding at the year end, is interest free and repayable on demand.
A loan payable to OC Law LLP, an entity under common control, totalling £17,209 (2022: £32,568) remains outstanding at the year end, is interest free and repayable on demand.

 
Page 6