Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-312024-01-01falseNo description of principal activity03truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10641378 2024-01-01 2024-12-31 10641378 2023-01-01 2023-12-31 10641378 2024-12-31 10641378 2023-12-31 10641378 2023-01-01 10641378 c:Director3 2024-01-01 2024-12-31 10641378 d:CurrentFinancialInstruments 2024-12-31 10641378 d:CurrentFinancialInstruments 2023-12-31 10641378 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 10641378 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 10641378 d:ShareCapital 2024-12-31 10641378 d:ShareCapital 2023-12-31 10641378 d:ShareCapital 2023-01-01 10641378 d:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 10641378 d:RetainedEarningsAccumulatedLosses 2024-12-31 10641378 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 10641378 d:RetainedEarningsAccumulatedLosses 2023-12-31 10641378 d:RetainedEarningsAccumulatedLosses 2023-01-01 10641378 c:FRS102 2024-01-01 2024-12-31 10641378 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 10641378 c:FullAccounts 2024-01-01 2024-12-31 10641378 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10641378 2 2024-01-01 2024-12-31 10641378 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 10641378










MARSHALL DENNING LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
MARSHALL DENNING LTD
REGISTERED NUMBER: 10641378

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
455,648
45,117

Cash at bank and in hand
 5 
402
7,534

  
456,050
52,651

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(1,429,758)
(657,784)

Net current liabilities
  
 
 
(973,708)
 
 
(605,133)

Total assets less current liabilities
  
(973,708)
(605,133)

  

Net liabilities
  
(973,708)
(605,133)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(973,808)
(605,233)

  
(973,708)
(605,133)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




M Odedra
Director

Date: 4 June 2025

The notes on pages 3 to 6 form part of these financial statements.
Page 1

 
MARSHALL DENNING LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 January 2024
100
(605,233)
(605,133)



Loss for the year
-
(368,575)
(368,575)


At 31 December 2024
100
(973,808)
(973,708)



STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 January 2022
100
(628,470)
(628,370)



Profit for the year
-
23,237
23,237


At 31 December 2023
100
(605,233)
(605,133)


The notes on pages 3 to 6 form part of these financial statements.
Page 2

 
MARSHALL DENNING LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Marshall Denning Ltd is a company limited by shares, incorporated in England and Wales. The registered office is 42 New Broad Street, 4th Floor, London, England, EC2M 1JD.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The Company made a loss for the year of £368,575 (2023: profit of £23,237) and at the year end had net liabilities of £973,708 (2023: £605,133). Cash held at the year end totalled £402 (2023: £7,534). The Directors intend to liquidate the Company within 12 months of signing the financial statements. As a result, the financial statements have been prepared on a basis other than going concern. The Directors do not consider there to be any differences between the amortised cost and recoverable value of the Company's assets.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Page 3

 
MARSHALL DENNING LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

  
2.5

Exceptional administrative expenses

Exceptional administrative expenses relate to amounts owed by related parties that were waived during the year.

 
2.6

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.7

Pensions

Defined contribution pension plan
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in the Statement of comprehensive income when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds

 
2.8

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
MARSHALL DENNING LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

  
2.12

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the balance sheet.

 
2.13

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties.


3.


Employees

The average monthly number of employees, including directors, during the year was 0 (2023 - 3).


4.


Debtors

2024
2023
£
£


Amounts owed by related parties
442,092
-

Other debtors
13,556
45,117

455,648
45,117


Page 5

 
MARSHALL DENNING LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
402
7,534



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
4,860
-

Amounts owed to related parties
1,278,864
613,504

Corporation tax
-
18,075

Accruals and deferred income
146,034
26,205

1,429,758
657,784


Amounts owed to related parties are non-interest bearing and deemed repayable on demand.


7.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £nil (2023: £128,688). Contributions totalling £Nil (2023: £Nil) were payable to the fund at the balance sheet date.


8.


Controlling party

The ultimate controlling party is CVC Capital Partners Asia IV Limited, a company incorporated in Jersey. Registered address Level 1, IFC1 Esplanade, St Helier, Jersey, JE2 3BX. 
The parent of the smallest group for which group accounts including Marshall Denning Limited are drawn up is UnitedLex Limited. Copies of these accounts may be obtained from the registered office, 42 New Broad Street, 4th Floor, London, EC2M 1JD.
The parent of the largest group for which group accounts including UnitedLex Limited are drawn up is CVC Capital Partners Asia IV Limited, a company incorporated in Jersey. Registered address Level 1, IFC1 Esplanade, St Helier, Jersey, JE2 3BX.


Page 6