Membership Services Administration (U.K.) Limited 02849046 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is the provision of administration and financial services, fundraising activities and other business support service activities for an overseas organisation. Digita Accounts Production Advanced 6.30.9574.0 true true 02849046 2024-01-01 2024-12-31 02849046 2024-12-31 02849046 core:CurrentFinancialInstruments 2024-12-31 02849046 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 02849046 core:MotorVehicles 2024-12-31 02849046 core:OfficeEquipment 2024-12-31 02849046 bus:SmallEntities 2024-01-01 2024-12-31 02849046 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 02849046 bus:FilletedAccounts 2024-01-01 2024-12-31 02849046 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 02849046 bus:RegisteredOffice 2024-01-01 2024-12-31 02849046 bus:Director2 2024-01-01 2024-12-31 02849046 bus:Director3 2024-01-01 2024-12-31 02849046 bus:Director4 2024-01-01 2024-12-31 02849046 bus:CompanyLimitedByGuarantee 2024-01-01 2024-12-31 02849046 core:ComputerEquipment 2024-01-01 2024-12-31 02849046 core:MotorVehicles 2024-01-01 2024-12-31 02849046 core:OfficeEquipment 2024-01-01 2024-12-31 02849046 core:OtherRelatedParties 2024-01-01 2024-12-31 02849046 countries:EnglandWales 2024-01-01 2024-12-31 02849046 2023-12-31 02849046 core:MotorVehicles 2023-12-31 02849046 core:OfficeEquipment 2023-12-31 02849046 2023-01-01 2023-12-31 02849046 2023-12-31 02849046 core:CurrentFinancialInstruments 2023-12-31 02849046 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 02849046 core:MotorVehicles 2023-12-31 02849046 core:OfficeEquipment 2023-12-31 iso4217:GBP xbrli:pure

Registration number: 02849046

Membership Services Administration (U.K.) Limited

(A company limited by guarantee)

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

Membership Services Administration (U.K.) Limited

Contents

Company Information

1

Council Members' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 10

 

Membership Services Administration (U.K.) Limited

Company Information

Council Members

Ms S Bendig

A C Keating

M Raos

Registered office

Saint Hill Manor
Saint Hill
East Grinstead
West Sussex
RH19 4JY

Accountants

Grant Sellers Limited
Bank Court
Manor Road
Verwood
Dorset
BH31 6DY

 

Membership Services Administration (U.K.) Limited

Council Members' Report for the Year Ended 31 December 2024

The Council Members present their report and the financial statements for the year ended 31 December 2024.

Council Members of the company

The Council Members who held office during the year were as follows:

Ms S Bendig

A C Keating

M Raos

Principal activity

The principal activity of the company is the provision of administration and financial services, fundraising activities and other business support service activities for an overseas organisation.

Small companies provision statement

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.

Approved by the Board on 2 June 2025 and signed on its behalf by:

.........................................
Ms S Bendig
Council Member

 

Membership Services Administration (U.K.) Limited

(Registration number: 02849046)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

3,032

5,003

Current assets

 

Debtors

5

268,109

242,676

Cash at bank and in hand

 

51,001

53,400

 

319,110

296,076

Creditors: Amounts falling due within one year

6

(30,201)

(19,941)

Net current assets

 

288,909

276,135

Total assets less current liabilities

 

291,941

281,138

Provisions for liabilities

(758)

(63)

Net assets

 

291,183

281,075

Reserves

 

Retained earnings

291,183

281,075

Surplus

 

291,183

281,075

For the financial 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.

Council Members' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Council Members have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 2 June 2025 and signed on its behalf by:
 

 

Membership Services Administration (U.K.) Limited

(Registration number: 02849046)
Balance Sheet as at 31 December 2024 (continued)

.........................................

Ms S Bendig
Council Member

 

Membership Services Administration (U.K.) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
Saint Hill Manor
Saint Hill
East Grinstead
West Sussex
RH19 4JY

These financial statements were authorised for issue by the Board on 2 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The accounts are presented in pound sterling and rounded to the nearest £1.

Going concern

The financial statements have been prepared on a going concern basis.

 

Membership Services Administration (U.K.) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

2

Accounting policies (continued)

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Revenue comprises income recognised by the company in respect of public relation and dissemination services supplied during the year and revenue is earned on a "cost plus" basis with all qualifying expenditure being reimbursed by IAS Administration with a fixed 10% margin added.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Asset class

Depreciation method and rate

Motor vehicles

20% straight line

Computer Equipment

33% straight line

 

Membership Services Administration (U.K.) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

2

Accounting policies (continued)

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3

Staff numbers

The average number of persons employed by the company (including Council Members) during the year, was 5 (2023 - 5).

 

Membership Services Administration (U.K.) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

4

Tangible assets

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 January 2024

10,081

10,450

20,531

Additions

1,998

-

1,998

Disposals

-

(10,450)

(10,450)

At 31 December 2024

12,079

-

12,079

Depreciation

At 1 January 2024

6,820

8,708

15,528

Charge for the year

2,227

-

2,227

Eliminated on disposal

-

(8,708)

(8,708)

At 31 December 2024

9,047

-

9,047

Carrying amount

At 31 December 2024

3,032

-

3,032

At 31 December 2023

3,261

1,742

5,003

 

Membership Services Administration (U.K.) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

5

Debtors

Note

2024
£

2023
£

Amounts owed by group undertakings

7

265,694

238,783

Prepayments

 

743

1,658

Other debtors

 

1,672

2,235

 

268,109

242,676

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

4,465

3,390

Accruals and deferred income

23,441

15,760

Other creditors

2,295

791

30,201

19,941

 

Membership Services Administration (U.K.) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

7

Related party transactions

Council Members' remuneration

The Council Members' remuneration for the year was as follows:

2024
£

2023
£

Remuneration

6,907

5,720

Summary of transactions with other related parties

During the year, the debtors balance owed by IAS Administrations was £265,694 (2023: £238,783) made in respect of the contractual agreement in place regarding revenue to be recognised by Membership Services Administration (U.K.) Limited.

Membership Services Administration (U.K.) Limited receive reimbursement of costs plus a 10% mark-up from IAS Administrators during the year

 

8

Company status

The company is a company limited by guarantee, and as such it does not fall under the legal ownership of any other entities. It activities are however wholly funded by IAS Administration.

All revenue is a result of a reimbursement of costs plus a 10% mark-up from IAS Administration.