Company registration number 07789604 (England and Wales)
MAXIMA LITIGATION SOLUTIONS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
PAGES FOR FILING WITH REGISTRAR
MAXIMA LITIGATION SOLUTIONS LIMITED
COMPANY INFORMATION
Director
Mrs V M Andrews
Company number
07789604
Registered office
Kingsnorth House
Blenheim Way
Kingstanding
Birmingham
West Midlands
United Kingdom
B44 8LS
Accountants
Malcolm Piper & Company Limited
Kingsnorth House
Blenheim Way
Birmingham
West Midlands
United Kingdom
B44 8LS
MAXIMA LITIGATION SOLUTIONS LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 6
MAXIMA LITIGATION SOLUTIONS LIMITED
ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF MAXIMA LITIGATION SOLUTIONS LIMITED FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Maxima Litigation Solutions Limited for the year ended 30 September 2024 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Maxima Litigation Solutions Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Maxima Litigation Solutions Limited and state those matters that we have agreed to state to the Board of Directors of Maxima Litigation Solutions Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Maxima Litigation Solutions Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Maxima Litigation Solutions Limited 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 Maxima Litigation Solutions Limited. You consider that Maxima Litigation Solutions Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Maxima Litigation Solutions Limited. For this reason, 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 financial statements.

Malcolm Piper & Company Limited
20 June 2025
Chartered Accountants
Kingsnorth House
Blenheim Way
Birmingham
West Midlands
United Kingdom
B44 8LS
MAXIMA LITIGATION SOLUTIONS LIMITED
BALANCE SHEET
AS AT
30 SEPTEMBER 2024
30 September 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
374
1,175
Current assets
Debtors
5
105,331
107,322
Cash at bank and in hand
387
477
105,718
107,799
Creditors: amounts falling due within one year
6
(31,900)
(60,803)
Net current assets
73,818
46,996
Total assets less current liabilities
74,192
48,171
Creditors: amounts falling due after more than one year
7
(6,835)
(8,000)
Net assets
67,357
40,171
Capital and reserves
Called up share capital
8
5,000
5,000
Profit and loss reserves
62,357
35,171
Total equity
67,357
40,171

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges her 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 member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

MAXIMA LITIGATION SOLUTIONS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 SEPTEMBER 2024
30 September 2024
- 3 -
The financial statements were approved and signed by the director and authorised for issue on 20 June 2025
Mrs V M Andrews
Director
Company registration number 07789604 (England and Wales)
MAXIMA LITIGATION SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 4 -
1
Accounting policies
Company information

Maxima Litigation Solutions Limited is a private company limited by shares incorporated in England and Wales. The registered office is Kingsnorth House, Blenheim Way, Kingstanding, Birmingham, West Midlands, United Kingdom, B44 8LS.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention.

1.2
Going concern

The financial statements have been prepared on a going concern basis, which places reliance on the continued support of the company's parent undertaking and fellow group undertaking and the company bankers.true

 

The directors have no reason to believe that the company bankers will not continue to provide the necessary loans and working capital finance to the company on their current agreed terms. The directors have received assurances that support provided by the parent company and fellow group undertakings will continue to be provided and that they will not seek repayment of amounts due to them until such time as the company can do so without detriment to liabilities due to external creditors and its ongoing working cash flow requirements, and in any case not before a date which is within 12 months from the date of these financial statements.

 

Therefore, the Directors believe that the company has adequate resources to continue its current operations and that it remains appropriate to prepare the company's financial statements on a going concern basis and the financial statements do not include the adjustments that would result if the company was unable to continue as a going concern.

1.3
Turnover

Turnover is recognised when it is more likely than not that the consideration due will be paid.

 

1.4
Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computers
33%

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
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.

MAXIMA LITIGATION SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
1
Accounting policies
(Continued)
- 5 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
3
3
Taxation

There is no tax liability due to losses brought forward and carried forward.

4
Tangible fixed assets
Computers
£
Cost
At 1 October 2023 and 30 September 2024
8,092
Depreciation and impairment
At 1 October 2023
6,917
Depreciation charged in the year
801
At 30 September 2024
7,718
Carrying amount
At 30 September 2024
374
At 30 September 2023
1,175
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
65,318
87,037
Other debtors
40,013
20,285
105,331
107,322
MAXIMA LITIGATION SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 6 -
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
1,500
1,500
Trade creditors
8,275
5,325
Taxation and social security
8,550
9,126
Other creditors
13,575
44,852
31,900
60,803
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
6,835
8,000
8
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
5,000
5,000
5,000
5,000
9
Related party transactions

 

Maxima Litigation Funding LLP

 

A limited liability partnership in which Mrs V M Andrews is a member.

 

At 30 September 2024 the amount due to Maxima Litigation Funding LLP included within other creditors was £8,428 (2023 - £8,428) is unsecured and has no specific terms regarding payment of interest. The amount owed is repayable on demand but the members of Maxima Litigation Funding LLP have given their assurance that the amount payable will not be demanded.

 

Maxima Litigation Finance Limited

 

A company of which Mrs V M Andrews is a director and shareholder.

 

During the year Maxima Litigation Solutions Limited received management charges from Maxima Litigation Finance Limited of £21,000 (2023 - £16,000). At the 30 September 2024 the amount due from Maxima Litigation Finance Limited amounted to £25,049 (2023 - £37,183) the amount owed is unsecured and has had no specific terms regarding payment of interest. The amount due is repayable on demand.

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