Acorah Software Products - Accounts Production 16.2.850 false true 31 December 2023 1 January 2023 true 1 January 2024 31 December 2024 31 December 2024 10473037 Mr Miquel Roca Lopez true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10473037 2023-12-31 10473037 2024-12-31 10473037 2024-01-01 2024-12-31 10473037 frs-core:CurrentFinancialInstruments 2024-12-31 10473037 frs-core:ComputerEquipment 2024-12-31 10473037 frs-core:ComputerEquipment 2024-01-01 2024-12-31 10473037 frs-core:ComputerEquipment 2023-12-31 10473037 frs-core:FurnitureFittings 2024-12-31 10473037 frs-core:FurnitureFittings 2024-01-01 2024-12-31 10473037 frs-core:FurnitureFittings 2023-12-31 10473037 frs-core:ShareCapital 2024-12-31 10473037 frs-core:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 10473037 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 10473037 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10473037 frs-bus:FullAccounts 2024-01-01 2024-12-31 10473037 frs-bus:SmallEntities 2024-01-01 2024-12-31 10473037 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 10473037 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 10473037 frs-bus:SmallCompaniesRegimeForDirectorsReport 2024-01-01 2024-12-31 10473037 1 2024-01-01 2024-12-31 10473037 frs-bus:Director1 2024-01-01 2024-12-31 10473037 frs-bus:Director1 2023-12-31 10473037 frs-bus:Director1 2024-12-31 10473037 frs-core:CurrentFinancialInstruments 1 2024-12-31 10473037 frs-core:CurrentFinancialInstruments 2 2024-12-31 10473037 frs-countries:EnglandWales 2024-01-01 2024-12-31 10473037 2022-12-31 10473037 2023-12-31 10473037 2023-01-01 2023-12-31 10473037 frs-core:CurrentFinancialInstruments 2023-12-31 10473037 frs-core:ShareCapital 2022-12-31 10473037 frs-core:ShareCapital 2023-12-31 10473037 frs-core:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 10473037 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2022-12-31 10473037 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 10473037 frs-core:CurrentFinancialInstruments 1 2023-12-31 10473037 frs-core:CurrentFinancialInstruments 2 2023-12-31
Registered number: 10473037
London Maritime Arbitration Legal Services Ltd
Director's Report and
Unaudited Financial Statements
For The Year Ended 31 December 2024
Tax and Advise Ltd
19 The Circle
Queen Elizabeth Street
London
SE1 2JE
Contents
Page
Company Information 1
Director's Report 2
Profit and Loss Account 3
Balance Sheet 4
Statement of Changes in Equity 5
Notes to the Financial Statements 6—8
Page 1
Company Information
Director Mr Miquel Roca Lopez
Company Number 10473037
Registered Office 4 Brooklands Avenue
4 Brooklands Avenue
Cambridge
CB2 8BB
Accountants Tax and Advise Ltd
19 The Circle
Queen Elizabeth Street
London
SE1 2JE
Page 1
Page 2
Director's Report
The director presents his report and the financial statements for the year ended 31 December 2024.
Principal Activity
The company's principal activity continues to be that of solicitors.
Directors
The director who held office during the year were as follows:
Mr Miquel Roca Lopez
Statement of Director's Responsibilities
The director is responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the director is required to: 
  • select suitable accounting policies and then apply them consistently;
  • make judgments and accounting estimates that are reasonable and prudent;
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
Mr Miquel Roca Lopez
Director
15/05/2025
Page 2
Page 3
Profit and Loss Account
2024 2023
Notes £ £
TURNOVER 234,893 233,946
GROSS PROFIT 234,893 233,946
Administrative expenses (90,018 ) (78,188 )
Other operating income 249 -
OPERATING PROFIT 145,124 155,758
Other interest receivable and similar income 6,820 1,233
Interest payable and similar charges - (267 )
PROFIT BEFORE TAXATION 151,944 156,724
Tax on Profit (36,249 ) (35,465 )
PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR 115,695 121,259
The notes on pages 6 to 8 form part of these financial statements.
Page 3
Page 4
Balance Sheet
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,019 2,016
3,019 2,016
CURRENT ASSETS
Debtors 5 26,278 18,870
Cash at bank and in hand 312,956 307,095
339,234 325,965
Creditors: Amounts Falling Due Within One Year 6 (63,783 ) (54,373 )
NET CURRENT ASSETS (LIABILITIES) 275,451 271,592
TOTAL ASSETS LESS CURRENT LIABILITIES 278,470 273,608
NET ASSETS 278,470 273,608
CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Profit and Loss Account 277,470 272,608
SHAREHOLDERS' FUNDS 278,470 273,608
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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 in accordance with the provisions applicable to companies subject to the small companies regime.
On behalf of the board
Mr Miquel Roca Lopez
Director
15/05/2025
The notes on pages 6 to 8 form part of these financial statements.
Page 4
Page 5
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 1 January 2023 1,000 284,682 285,682
Profit for the year and total comprehensive income - 121,259 121,259
Dividends paid - (133,333) (133,333)
As at 31 December 2023 and 1 January 2024 1,000 272,608 273,608
Profit for the year and total comprehensive income - 115,695 115,695
Dividends paid - (110,833) (110,833)
As at 31 December 2024 1,000 277,470 278,470
Page 5
Page 6
Notes to the Financial Statements
1. General Information
London Maritime Arbitration Legal Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10473037 . The registered office is 4 Brooklands Avenue, 4 Brooklands Avenue, Cambridge, CB2 8BB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25 % SLM
Computer Equipment 25 % SLM
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
Page 6
Page 7
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 1,781 2,065 3,846
Additions - 1,954 1,954
As at 31 December 2024 1,781 4,019 5,800
Depreciation
As at 1 January 2024 1,633 197 1,830
Provided during the period 148 803 951
As at 31 December 2024 1,781 1,000 2,781
Net Book Value
As at 31 December 2024 - 3,019 3,019
As at 1 January 2024 148 1,868 2,016
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 24,558 18,650
Prepayments and accrued income 220 220
VAT 1,500 -
26,278 18,870
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,282 (218 )
Corporation tax 36,249 35,465
VAT - 35
Advance Customer Payments 23,091 19,091
Capital ontap 874 -
Director's loan account 2,287 -
63,783 54,373
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
Page 7
Page 8
8. Directors Advances, Credits and Guarantees
Included within Creditor are the following loans to directors:
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mr Miquel Roca Lopez - 2,287 - - 2,287
The above loan is unsecured, interest free and repayable on demand.
Dividends paid to directors
2024 2023
£ £
Mr Miquel Roca Lopez 110,833 133,333
9. Ultimate Controlling Party
The company's ultimate controlling party is Mr Miquel Roca Lopez by virtue of his ownership of more than 50% but less than 75% and Mrs Alis Cantano Boyano by virtue of her ownership of more than 25% but not more than 50% of the issued share capital in the company.
Page 8