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REGISTERED NUMBER: 09709224 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 2024

FOR

MATERIAL ADVERSE CHANGE LIMITED

MATERIAL ADVERSE CHANGE LIMITED (REGISTERED NUMBER: 09709224)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st July 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MATERIAL ADVERSE CHANGE LIMITED

COMPANY INFORMATION
for the Year Ended 31st July 2024







DIRECTORS: Mr D Ryder
Mr C Davison
Mr S P Bold





SECRETARY: Ince GD Corporate Services Limited





REGISTERED OFFICE: Aldgate Tower
2 Leman Street
London
E1 8QN





REGISTERED NUMBER: 09709224 (England and Wales)





ACCOUNTANTS: Xeinadin
100 Barbirolli Square
Manchester
M2 3BD

MATERIAL ADVERSE CHANGE LIMITED (REGISTERED NUMBER: 09709224)

BALANCE SHEET
31st July 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 3,326 4,630

CURRENT ASSETS
Debtors 5 772,218 485,923
Cash at bank 4,998 66,833
777,216 552,756
CREDITORS
Amounts falling due within one year 6 (336,403 ) (35,703 )
NET CURRENT ASSETS 440,813 517,053
TOTAL ASSETS LESS CURRENT
LIABILITIES

444,139

521,683

CAPITAL AND RESERVES
Called up share capital 7 2,000 2,000
Share premium 999,000 999,000
Retained earnings (556,861 ) (479,317 )
SHAREHOLDERS' FUNDS 444,139 521,683

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

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

The directors acknowledge their 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23rd April 2025 and were signed on its behalf by:





Mr D Ryder - Director


MATERIAL ADVERSE CHANGE LIMITED (REGISTERED NUMBER: 09709224)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st July 2024


1. STATUTORY INFORMATION

Material Adverse Change Limited is a private company limited by share capital, incorporated in England and Wales, registration number 09709224. The principal place of business is Oriel House, 26 The Quadrant, London TW9 1DL and the registered office is 100 Barbirolli Square Manchester C/O Kay Johnson Gee M2 3BD.

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.

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

Turnover principally consists of services for redress schemes.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation on tangible fixed assets are charged to the profit and loss so as to write off their value, over their estimated useful lives, using the following methods:

Office equipment-33% on cost

At each balance sheet date, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items of tangible fixed assets have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

MATERIAL ADVERSE CHANGE LIMITED (REGISTERED NUMBER: 09709224)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st July 2024


2. ACCOUNTING POLICIES - continued

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents
Cash and cash equivalents are represented by cash at bank.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they stated at cost.

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight-line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1st August 2023 9,401
Additions 1,727
Disposals (2,868 )
At 31st July 2024 8,260
DEPRECIATION
At 1st August 2023 4,771
Charge for year 2,583
Eliminated on disposal (2,420 )
At 31st July 2024 4,934
NET BOOK VALUE
At 31st July 2024 3,326
At 31st July 2023 4,630

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 772,218 485,923

MATERIAL ADVERSE CHANGE LIMITED (REGISTERED NUMBER: 09709224)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st July 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 12 560
Taxation and social security 213,046 31,178
Other creditors 123,345 3,965
336,403 35,703

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
135,000 Ordinary £0.01 1,350 1,000
65,000 Founder £0.01 650 1,000
2,000 2,000

During the year 35,000 Founder shares were redesignated to Ordinary shares.

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other debtors is a loan due from the directors of £574,923 (2023 - £482,303). This amount represents loans whereby interest has been charged at 2.25% and is repayable on demand.