1 July 2023 false Taxfiler 2024.6 true 12071609business:PrivateLimitedCompanyLtd2023-07-012024-06-30 120716092023-06-30 120716092023-07-012024-06-30 12071609business:AuditExemptWithAccountantsReport2023-07-012024-06-30 12071609business:FilletedAccounts2023-07-012024-06-30 120716092024-06-30 12071609business:Director12023-07-012024-06-30 12071609business:RegisteredOffice2023-07-012024-06-30 120716092023-06-30 12071609core:WithinOneYear2024-06-30 12071609core:WithinOneYear2023-06-30 12071609core:AfterOneYear2024-06-30 12071609core:AfterOneYear2023-06-30 12071609core:ShareCapitalcore:PreviouslyStatedAmount2024-06-30 12071609core:ShareCapitalcore:PreviouslyStatedAmount2023-06-30 12071609core:SharePremiumcore:PreviouslyStatedAmount2024-06-30 12071609core:SharePremiumcore:PreviouslyStatedAmount2023-06-30 12071609core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-06-30 12071609core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-30 12071609core:PreviouslyStatedAmount2024-06-30 12071609core:PreviouslyStatedAmount2023-06-30 12071609business:SmallEntities2023-07-012024-06-30 12071609countries:EnglandWales2023-07-012024-06-30 12071609core:FurnitureFittings2023-07-012024-06-30 12071609core:ComputerEquipment2023-07-012024-06-30 12071609core:IntangibleAssetsOtherThanGoodwill2023-06-30 12071609core:IntangibleAssetsOtherThanGoodwill2024-06-30 12071609core:IntangibleAssetsOtherThanGoodwill2023-07-012024-06-30 12071609core:FurnitureFittings2023-06-30 12071609core:ComputerEquipment2023-06-30 12071609core:FurnitureFittings2024-06-30 12071609core:ComputerEquipment2024-06-30 120716092022-07-012023-06-30 iso4217:GBP xbrli:pure
Company Registration No. 12071609 (England and Wales)
Legal Market Solutions Ltd Unaudited accounts for the year ended 30 June 2024
Legal Market Solutions Ltd Unaudited accounts Contents
Page
- 2 -
Legal Market Solutions Ltd Company Information for the year ended 30 June 2024
Director
Hamid Bagherzadeh
Company Number
12071609 (England and Wales)
Registered Office
29 Farm Street Mayfair London W1J 5RL England
Accountants
Majestic Accountants Limited Profile West, 950 Great West Road Suite 2, Floor 1 Brentford Middlesex TW8 9ES
- 3 -
Legal Market Solutions Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
940,830 
942,204 
Tangible assets
11 
24 
940,841 
942,228 
Current assets
Debtors
4,417 
76,318 
Cash at bank and in hand
1,745 
44,165 
6,162 
120,483 
Creditors: amounts falling due within one year
(513,085)
(443,217)
Net current liabilities
(506,923)
(322,734)
Total assets less current liabilities
433,918 
619,494 
Creditors: amounts falling due after more than one year
(24,695)
(30,478)
Net assets
409,223 
589,016 
Capital and reserves
Called up share capital
49,579 
49,063 
Share premium
1,414,421 
1,230,704 
Profit and loss account
(1,054,777)
(690,751)
Shareholders' funds
409,223 
589,016 
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 March 2025 and were signed on its behalf by
Hamid Bagherzadeh Director Company Registration No. 12071609
- 4 -
Legal Market Solutions Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Legal Market Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 12071609. The registered office is 29 Farm Street, Mayfair, London, W1J 5RL, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
has been depreciated using the straight line method over 4 years.
Computer equipment
has been depreciated using the straight line method over 3 years.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Going concern
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 accounts. It is your duty to ensure that LEGAL MARKET SOLUTIONS 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 profit of the company. You consider that LEGAL MARKET SOLUTIONS LTD is exempt from the statutory audit requirement for the year. We draw your attention to note 2 to the financial statements. The company is reliant upon the continued financial support of its directors, shareholders and related parties. The financial statements do not include any adjustments that would result if the company were unable to continue as going concern.
- 5 -
Legal Market Solutions Ltd Notes to the Accounts for the year ended 30 June 2024
4
Intangible fixed assets
Other 
£ 
Cost
At 1 July 2023
946,868 
At 30 June 2024
946,868 
Amortisation
At 1 July 2023
4,664 
Charge for the year
1,374 
At 30 June 2024
6,038 
Net book value
At 30 June 2024
940,830 
At 30 June 2023
942,204 
5
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2023
50 
804 
854 
At 30 June 2024
50 
804 
854 
Depreciation
At 1 July 2023
26 
804 
830 
Charge for the year
13 
- 
13 
At 30 June 2024
39 
804 
843 
Net book value
At 30 June 2024
11 
- 
11 
At 30 June 2023
24 
- 
24 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
4,059 
- 
Other debtors
358 
76,318 
4,417 
76,318 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
7,588 
5,968 
Non-equity preference shares
- 
56,733 
Other creditors
358,805 
334,506 
Loans from directors
146,692 
46,010 
513,085 
443,217 
- 6 -
Legal Market Solutions Ltd Notes to the Accounts for the year ended 30 June 2024
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
24,695 
30,478 
9
Average number of employees
During the year the average number of employees was 10 (2023: 10).
- 7 -