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TDR Dispute Resolution & Construction Management Limited
 
Abridged Unaudited Financial Statements
 
for the financial year ended 31 December 2024



TDR Dispute Resolution & Construction Management Limited
DIRECTORS AND OTHER INFORMATION

 
Directors Tara McCarthy
David McCarthy
 
 
Company Registration Number 10747357
 
 
Registered Office and Business Address 60 St. Martins's Lane
London
WC2N 4JS
United Kingdom
 
 
Accountants Cuddy, O'Leary & Rigney
Chartered Accountants
3003 Euro Business Park
Little Island
Co. Cork
T45 FX94
Ireland
 
 
Bankers Bank of Ireland
  12 Trevor Hill
  Newry
  Co. Down
  BT34 1DT
  United Kingdom



TDR Dispute Resolution & Construction Management Limited
DIRECTORS' REPORT
for the financial year ended 31 December 2024

 
The directors present their report and the unaudited financial statements for the financial year ended 31 December 2024.
     
Directors
The directors who served during the financial year are as follows:
     
Tara McCarthy
David McCarthy
   
There were no changes in shareholdings between 31 December 2024 and the date of signing the financial statements.
     
In accordance with the Articles of Association, the directors remain in office.
     
Political Contributions
The company did not make any disclosable political donations in the current financial year.
     
Statement of directors' Responsibilities and Declaration on Unaudited Financial Statements
     
The directors made the following statement in respect of the unaudited financial statements:
     
"General responsibilities
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
     
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A (Small Entities). Under company law the directors 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 these financial statements, the directors are required to:
- select suitable accounting policies and apply them consistently;
- make judgements 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 directors are 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. They are 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.
     
Directors' declaration on unaudited financial statements
In relation to the financial statements comprising the Abridged Profit and Loss Account, the Abridged Balance Sheet and the related notes:
     
The directors approve these financial statements and confirm that they are responsible for them, including selecting the appropriate accounting policies, applying them consistently and making, on a reasonable and prudent basis, the judgements underlying them. They have been prepared on the going concern basis on the grounds that the company will continue in business.
     
The directors confirm that they have made available to Cuddy, O'Leary & Rigney, (Chartered Accountants), all the company's accounting records and provided all the information, books and documents necessary for the compilation of the financial statements.
     
The directors confirm that to the best of their knowledge and belief, the accounting records reflect all the transactions of the company for the financial year ended 31 December 2024."
     
Special provisions relating to small companies
The above report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
     
     
On behalf of the board
     
     
     
Tara McCarthy David McCarthy
Director Director
     
8 August 2025 8 August 2025



TDR Dispute Resolution & Construction Management Limited

INDEPENDENT CHARTERED ACCOUNTANTS REPORT
to the Board of Directors on the Compilation of the unaudited Abridged financial statements of TDR Dispute Resolution & Construction Management Limited
for the financial year ended 31 December 2024
 
In accordance with the engagement letter dated 2 July 2024 and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled for your approval the abridged financial statements of the company for the financial year ended 31 December 2024 as set out on pages  to  which comprise the Abridged Profit and Loss Account, the Abridged Balance Sheet and the related notes from the company's accounting records and information and explanations you have given to us.
 
This report is made solely to the Board of Directors of TDR Dispute Resolution & Construction Management Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company’s Board of Directors that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its Board of Directors, as a body, for our work or for this report.
 
We have carried out this engagement in accordance with guidance issued by Chartered Accountants Ireland and have complied with the relevant ethical guidance laid down by Chartered Accountants Ireland relating to members undertaking the compilation of financial statements.
 
You have acknowledged on the Balance Sheet for the year ended 31 December 2024 your duty to ensure that TDR Dispute Resolution & Construction Management 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 loss of TDR Dispute Resolution & Construction Management Limited. You consider that TDR Dispute Resolution & Construction Management Limited is exempt from the statutory audit requirement for the financial year.
 
We have not been instructed to carry out an audit or a review of the abridged financial statements of TDR Dispute Resolution & Construction Management Limited. For this reason, we have not verified the adequacy, 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 abridged financial statements.
 
 
 
CUDDY, O'LEARY & RIGNEY
Chartered Accountants and Statutory Audit Firm
3003 Euro Business Park
Little Island
Co. Cork
T45 FX94
Ireland
 
8 August 2025



TDR Dispute Resolution & Construction Management Limited
ABRIDGED PROFIT AND LOSS ACCOUNT
for the financial year ended 31 December 2024
2024 2023
Notes £ £

Gross profit 18,911 41,387
 
 
Administrative expenses (73,452) (53,569)
───────── ─────────
Loss before taxation (54,541) (12,182)
 
 
Tax on loss - -
───────── ─────────
Loss for the financial year (54,541) (12,182)
───────── ─────────
Total comprehensive income (54,541) (12,182)
         
         
Accumulated (loss) brought forward   (13,490)   (1,308)
    ─────────   ─────────
Accumulated loss carried forward   (68,031)   (13,490)
    ═════════   ═════════



TDR Dispute Resolution & Construction Management Limited
Company Registration Number: 10747357
ABRIDGED BALANCE SHEET
as at 31 December 2024

2024 2023
Notes £ £
 
Current Assets
 
Debtors 11,797 76,616
 
Cash at bank and in hand 3,473 21,466
───────── ─────────
15,270 98,082
───────── ─────────
 
Creditors: amounts falling due within one year (83,201) (111,472)
───────── ─────────
 
Net Current Liabilities (67,931) (13,390)
───────── ─────────
 
Total Assets less Current Liabilities (67,931) (13,390)
═════════ ═════════
 
 
Capital and Reserves
 
Called up share capital 100 100
 
Retained earnings (68,031) (13,490)
───────── ─────────
Shareholders' Deficit (67,931) (13,390)
═════════ ═════════
 
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).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 8 August 2025 and signed on its behalf by
           
           
           
Tara McCarthy     David McCarthy
Director     Director
           



TDR Dispute Resolution & Construction Management Limited
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 31 December 2024

   
1. General Information
 
TDR Dispute Resolution & Construction Management Limited is a company limited by shares incorporated and registered in the United Kingdom. The registered number of the company is 10747357. The registered office of the company is 60 St. Martins's Lane, London, WC2N 4JS, United Kingdom which is also the principal place of business of the company. The principal activity of the company is to provide independent expert advice on matters of valuation and cost management in construction and engineering disputes.
 
Currency
The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 31 December 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value supplied by the company, exclusive of trade discounts and value added tax.
 
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.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company provides a range of benefits to employees, including annual bonus arrangements, paid holiday arrangements and defined contribution pension plans. Short term benefits, including holiday pay and other similar non-monetary benefits, are recognised as an expense in the period in which the service is received.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Pensions
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. Annual contributions payable to the company's pension scheme are charged to the Profit and Loss Account in the period to which they relate.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
   
3. Going concern
 
The company is 100% subsidiary of Construction Claims Ltd, a company registered in Ireland since 2007. The parent is willing to support the subsidiary for the forseable future. The Company therefore continues to adopt the going concern basis in preparing its financial statements.
   
4. Group Company Exemptions Claimed
 
The company has availed of the exemption under Section 33.1A FRS 102 in relation to disclosure transactions with the group members.
       
5. Employees
 
The average monthly number of employees, including directors, during the financial year was Nil, (2023 - 1).
       
6. Capital commitments
 
The company had no material capital commitments at the financial year-ended 31 December 2024.
   
7. Parent and ultimate parent company
 
The company regards Construction Claims Ltd as its parent company.
 
The companys ultimate parent undertaking is Construction Claims Ltd.
The address of Construction Claims Ltd is 5B Millenium Court, Foxhole, Youghal, Co. Cork, Ir United Kingdom.
Construction Claims Ltd is regarded as both the controlling party and the ultimate controlling party.
 
   
8. Controlling interest
 
The company is controlled by Tara, David and Richard McCarthy.
   
9. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.