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Company No: 11468638 (England and Wales)

MALCOMSON LAW UK LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

MALCOMSON LAW UK LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

MALCOMSON LAW UK LIMITED

BALANCE SHEET

As at 31 December 2024
MALCOMSON LAW UK LIMITED

BALANCE SHEET (continued)

As at 31 December 2024
Note 2024 2023
£ £
Current assets
Debtors 3 8,047 10,444
Cash at bank and in hand 30,977 55,888
39,024 66,332
Creditors: amounts falling due within one year 4 ( 547,347) ( 552,028)
Net current liabilities (508,323) (485,696)
Total assets less current liabilities (508,323) (485,696)
Net liabilities ( 508,323) ( 485,696)
Capital and reserves
Called-up share capital 100 100
Profit and loss account ( 508,423 ) ( 485,796 )
Total shareholder's deficit ( 508,323) ( 485,696)

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.

Director's responsibilities:

The financial statements of Malcomson Law UK Limited (registered number: 11468638) were approved and authorised for issue by the Director on 19 August 2025. They were signed on its behalf by:

R J Bradley
Director
MALCOMSON LAW UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
MALCOMSON LAW UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Malcomson Law UK Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Thanet House, 231/232 Strand, London, WC2R 1DA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The financial statements have been prepared on a going concern basis. The directors have considered the company's position and, based on the continued support of Malcomson Law Solicitors LLP, registered in Ireland, the directors are satisfied that the company can continue to trade for at least twelve months following the approval of the financial statements.

Turnover

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 value added tax, returns, rebates and discounts and after eliminating sales within the company.

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.

Financial instruments

Classification

The company holds the following financial instruments:

• Short term trade and other debtors and creditors;
• Bank loans; and
• Cash and bank balances.

All financial instruments are classified as basic.

Recognition and measurement

The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other
consideration expected to be paid or received, after taking account of impairment adjustments.

Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as
a prepayment.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Debtors

2024 2023
£ £
Prepayments 1,204 852
VAT recoverable 1,219 1,236
Other debtors 5,624 8,356
8,047 10,444

4. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 2,091 0
Amounts owed to Group undertakings 536,738 547,750
Accruals 8,518 4,278
547,347 552,028

5. Related party transactions

Other related party transactions

2024 2023
£ £
At start of period 547,750 567,962
Repaid (27,435) (20,212)
Advanced 16,423 0
At end of period 536,738 547,750

The amounts above are transactions with Malcomson Law Solicitors LLP (registered in Ireland), an entity under common control.