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REGISTERED NUMBER: 14000331 (England and Wales)

























Unaudited Financial Statements for the Year Ended 31 March 2024

for

Oyster Legal Management Limited

Oyster Legal Management Limited (Registered number: 14000331)






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


Oyster Legal Management Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: M Toye Iglesias





REGISTERED OFFICE: 71-75 Shelton Street
Covent Garden
London
WC2H 9JQ





REGISTERED NUMBER: 14000331 (England and Wales)





ACCOUNTANTS: IN Accountancy Limited
2 Station View
Bramhall Moor Lane
Hazel Grove
Stockport
Cheshire
SK7 5ER

Oyster Legal Management Limited (Registered number: 14000331)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,370 1,519
Investments 5 275,243 119,078
279,613 120,597

CURRENT ASSETS
Debtors 6 141,305 90,196
Cash at bank 51,770 174,962
193,075 265,158
CREDITORS
Amounts falling due within one year 7 382,459 297,622
NET CURRENT LIABILITIES (189,384 ) (32,464 )
TOTAL ASSETS LESS CURRENT LIABILITIES 90,229 88,133

PROVISIONS FOR LIABILITIES 830 -
NET ASSETS 89,399 88,133

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 89,398 88,132
SHAREHOLDERS' FUNDS 89,399 88,133

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 director and authorised for issue on 24 March 2025 and were signed by:



M Toye Iglesias - Director


Oyster Legal Management Limited (Registered number: 14000331)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Oyster Legal Management 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 as modified by the revaluation of certain assets.

The financial statements are prepared in sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Oyster Legal Management Limited (Registered number: 14000331)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 2,026
Additions 4,169
At 31 March 2024 6,195
DEPRECIATION
At 1 April 2023 507
Charge for year 1,318
At 31 March 2024 1,825
NET BOOK VALUE
At 31 March 2024 4,370
At 31 March 2023 1,519

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2023 119,078
Additions 309,290
Disposals (179,483 )
Revaluations 26,358
At 31 March 2024 275,243
NET BOOK VALUE
At 31 March 2024 275,243
At 31 March 2023 119,078

Cost or valuation at 31 March 2024 is represented by:

Other
investments
£   
Valuation in 2024 26,358
Cost 248,885
275,243

Oyster Legal Management Limited (Registered number: 14000331)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 138,496 86,571
Other debtors 2,809 3,625
141,305 90,196

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 110,733 27,758
Amounts owed to group undertakings 135,034 135,034
Taxation and social security 4,294 79,808
Other creditors 132,398 55,022
382,459 297,622

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year the company made loans to the director amounting to £421. This remained outstanding at the balance sheet date (2023: £NIL).
No interest is payable on this loan and no security given. The loan is repayable on demand.

9. RELATED PARTY DISCLOSURES

During the previous year the company received loans from its parent company MLTI Holding Limited amounting to £135,034. This was outstanding at the year end date (2023: £135,034).

10. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of MLTI Holding Limited.

The company is considered to be under the control of its director.