Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-30false2023-10-01falseNo description of principal activity22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12852158 2023-10-01 2024-09-30 12852158 2022-10-01 2023-09-30 12852158 2024-09-30 12852158 2023-09-30 12852158 c:Director1 2023-10-01 2024-09-30 12852158 d:PlantMachinery 2024-09-30 12852158 d:PlantMachinery 2023-09-30 12852158 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 12852158 d:OfficeEquipment 2023-10-01 2024-09-30 12852158 d:OfficeEquipment 2024-09-30 12852158 d:OfficeEquipment 2023-09-30 12852158 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 12852158 d:OtherPropertyPlantEquipment 2023-10-01 2024-09-30 12852158 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 12852158 d:CurrentFinancialInstruments 2024-09-30 12852158 d:CurrentFinancialInstruments 2023-09-30 12852158 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 12852158 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 12852158 d:ShareCapital 2024-09-30 12852158 d:ShareCapital 2023-09-30 12852158 d:RetainedEarningsAccumulatedLosses 2024-09-30 12852158 d:RetainedEarningsAccumulatedLosses 2023-09-30 12852158 c:FRS102 2023-10-01 2024-09-30 12852158 c:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 12852158 c:FullAccounts 2023-10-01 2024-09-30 12852158 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 12852158 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-10-01 2024-09-30 12852158 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2024-09-30 12852158 2 2023-10-01 2024-09-30 12852158 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Registered number: 12852158










MEDIATION AND RESOLUTION SERVICES LTD








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
MEDIATION AND RESOLUTION SERVICES LTD
 

CONTENTS



Page
Accountants' Report
 
 
1
Balance Sheet
 
 
2 - 3
Notes to the Financial Statements
 
 
4 - 8


 
MEDIATION AND RESOLUTION SERVICES LTD
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF MEDIATION AND RESOLUTION SERVICES LTD
FOR THE YEAR ENDED 30 SEPTEMBER 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mediation and Resolution Services Ltd for the year ended 30 September 2024 which comprise  the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of Mediation and Resolution Services Ltd, as a body, in accordance with the terms of our engagement letter dated 28 May 2024Our work has been undertaken solely to prepare for your approval the financial statements of Mediation and Resolution Services Ltd and state those matters that we have agreed to state to the Board of Directors of Mediation and Resolution Services Ltd, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mediation and Resolution Services Ltd and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that Mediation and Resolution Services Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Mediation and Resolution Services Ltd. You consider that Mediation and Resolution Services Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Mediation and Resolution Services Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



MA Partners LLP
 
Chartered Accountants
  
7 The Close
Norwich
Norfolk
NR1 4DJ
 
28 November 2024
Page 1

 
MEDIATION AND RESOLUTION SERVICES LTD
REGISTERED NUMBER: 12852158

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
568
774

  
568
774

Current assets
  

Debtors: amounts falling due within one year
 5 
131
909

Cash at bank and in hand
  
32,901
33,793

  
33,032
34,702

Creditors: amounts falling due within one year
 6 
(5,053)
(5,048)

Net current assets
  
 
 
27,979
 
 
29,654

Total assets less current liabilities
  
28,547
30,428

Provisions for liabilities
  

Deferred tax
  
(142)
(193)

  
 
 
(142)
 
 
(193)

Net assets
  
28,405
30,235


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
28,305
30,135

  
28,405
30,235


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 profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

Page 2

 
MEDIATION AND RESOLUTION SERVICES LTD
REGISTERED NUMBER: 12852158
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 25 November 2024.




A J Hobkinson
Director

The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
MEDIATION AND RESOLUTION SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

The company is a United Kingdom company limited by shares. It is both incorporated and domiciled in England and Wales. The registered office address is 7 The Close, Norwich, Norfolk, NR1 4DJ.
The company's principal activity is the provision of mediation and resolution services. The principal place of business is Surrey.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

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.

Page 4

 
MEDIATION AND RESOLUTION SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.4

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 balance sheet 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 balance sheet 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 balance sheet date.


 
2.5

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 and reducing balance methods.

Depreciation is provided on the following basis:

Office equipment
-
33%
straight line
Equipment
-
15%
reducing balance

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.

Page 5

 
MEDIATION AND RESOLUTION SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.6

Debtors

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.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 6

 
MEDIATION AND RESOLUTION SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Tangible fixed assets





Equipment
Office equipment
Total

£
£
£



Cost or valuation


At 1 October 2023
656
324
980



At 30 September 2024

656
324
980



Depreciation


At 1 October 2023
98
108
206


Charge for the year on owned assets
98
108
206



At 30 September 2024

196
216
412



Net book value



At 30 September 2024
460
108
568



At 30 September 2023
558
216
774


5.


Debtors

2024
2023
£
£


Other debtors
-
784

Prepayments and accrued income
131
125

131
909



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
3,668
3,356

Accruals and deferred income
1,385
1,692

5,053
5,048


Page 7

 
MEDIATION AND RESOLUTION SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7.


Related party transactions

As at 30 September 2024 the company owed the directors £3,668 (2023: 3,356).

 
Page 8