Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-07-01falseBarristers at law66truefalse 12692522 2023-07-01 2024-06-30 12692522 2022-07-01 2023-06-30 12692522 2024-06-30 12692522 2023-06-30 12692522 c:Director1 2023-07-01 2024-06-30 12692522 d:OfficeEquipment 2023-07-01 2024-06-30 12692522 d:OfficeEquipment 2024-06-30 12692522 d:OfficeEquipment 2023-06-30 12692522 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 12692522 d:ComputerEquipment 2023-07-01 2024-06-30 12692522 d:ComputerEquipment 2024-06-30 12692522 d:ComputerEquipment 2023-06-30 12692522 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 12692522 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 12692522 d:CurrentFinancialInstruments 2024-06-30 12692522 d:CurrentFinancialInstruments 2023-06-30 12692522 d:Non-currentFinancialInstruments 2024-06-30 12692522 d:Non-currentFinancialInstruments 2023-06-30 12692522 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 12692522 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 12692522 d:ShareCapital 2024-06-30 12692522 d:ShareCapital 2023-06-30 12692522 d:RetainedEarningsAccumulatedLosses 2024-06-30 12692522 d:RetainedEarningsAccumulatedLosses 2023-06-30 12692522 d:AcceleratedTaxDepreciationDeferredTax 2024-06-30 12692522 d:AcceleratedTaxDepreciationDeferredTax 2023-06-30 12692522 d:TaxLossesCarry-forwardsDeferredTax 2024-06-30 12692522 d:TaxLossesCarry-forwardsDeferredTax 2023-06-30 12692522 d:OtherDeferredTax 2024-06-30 12692522 d:OtherDeferredTax 2023-06-30 12692522 c:FRS102 2023-07-01 2024-06-30 12692522 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 12692522 c:FullAccounts 2023-07-01 2024-06-30 12692522 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 12692522 2 2023-07-01 2024-06-30 12692522 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number:  12692522














UNIT CHAMBERS LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


 
UNIT CHAMBERS LTD
REGISTERED NUMBER: 12692522

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
6,630
6,800

  
6,630
6,800

Current assets
  

Debtors: amounts falling due after more than one year
 5 
21,526
10,124

Debtors: amounts falling due within one year
 5 
39,801
55,857

Cash at bank and in hand
 6 
-
5,036

  
61,327
71,017

Creditors: amounts falling due within one year
 7 
(145,120)
(120,622)

Net current liabilities
  
 
 
(83,793)
 
 
(49,605)

Total assets less current liabilities
  
(77,163)
(42,805)

  

Net liabilities
  
(77,163)
(42,805)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(77,164)
(42,806)

  
(77,163)
(42,805)


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 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: 



Page 1

 
UNIT CHAMBERS LTD
REGISTERED NUMBER: 12692522
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024


R J Draper
Director

Date: 25 March 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
UNIT CHAMBERS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

The Company is a private company limited by shares, which is incorporated under the Companies Act 2006 and registered in England & Wales (no. 12692522). The registered office is 4th Floor Exchange Station, Tithebarn Street, Liverpool, Merseyside, England, L2 2QP.
These financial statements present information about the Company as an individual undertaking. The principal activity of the Company is that of a law chambers.

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 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

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
UNIT CHAMBERS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

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.

 
2.8

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.

Page 4

 
UNIT CHAMBERS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
20%
Straight line
Computer equipment
-
33%
Straight line

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.

 
2.9

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.

 
2.10

Cash and cash equivalents

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.

 
2.11

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.


3.


Employees




The average monthly number of employees, including directors, during the year was 6 (2023 - 6).

Page 5

 
UNIT CHAMBERS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost or valuation


At 1 July 2023
2,045
11,558
13,603


Additions
989
4,039
5,028



At 30 June 2024

3,034
15,597
18,631



Depreciation


At 1 July 2023
844
5,959
6,803


Charge for the year on owned assets
558
4,640
5,198



At 30 June 2024

1,402
10,599
12,001



Net book value



At 30 June 2024
1,632
4,998
6,630



At 30 June 2023
1,201
5,599
6,800

Page 6

 
UNIT CHAMBERS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Debtors

2024
2023
£
£

Due after more than one year

Deferred tax asset
21,526
10,124

21,526
10,124


2024
2023
£
£

Due within one year

Trade debtors
7,745
-

Other debtors
16,137
15,035

Prepayments and accrued income
15,919
40,822

39,801
55,857



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
-
5,036

Less: bank overdrafts
(1,537)
-

(1,537)
5,036



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
1,537
-

Trade creditors
31,721
10,937

Other taxation and social security
1,926
7,224

Other creditors
102,477
95,133

Accruals and deferred income
7,459
7,328

145,120
120,622


Page 7

 
UNIT CHAMBERS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

8.


Deferred taxation




2024


£






At beginning of year
10,124


Utilised in year
11,402



At end of year
21,526

The deferred tax asset is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(1,658)
(1,700)

Tax losses carried forward
21,946
11,322

Short term timing differences
1,238
502

21,526
10,124


9.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £3,125 (2023 - £1,123). Contributions totalling £3,920 (2023 - £5,359)  were payable to the fund at the balance sheet date and are included in creditors.


10.


Controlling party

The Company is a wholly owned subsidiary of Domus Law Ltd whose registered office is at 4th Floor Exchange Station, Tithebarn Street, Liverpool, L2 2QP. As a small group Domus Law Ltd is exempt from producing consolidated financial statements. Domus Law Ltd is controlled by R J Draper and L E Edmunds.

 
Page 8