MurphyCobb and Associates Ltd Filleted accounts for Companies House (small only)

COMPANY REGISTRATION NUMBER: 05665258

MurphyCobb and Associates Ltd

Filleted Unaudited Group Accounts

31 December 2024

MurphyCobb and Associates Ltd

Consolidated Statement of Financial Position

31 December 2024

	2024	2023
Note	£	£

Fixed assets

Tangible assets	5	7,943	8,122
Investments	6	21,024	21,024
		--------	--------
		28,967	29,146

Current assets

Debtors	7	3,979,686	2,251,672
Cash at bank and in hand		857,387	744,578
		------------	------------
		4,837,073	2,996,250

Creditors: amounts falling due within one year	8	( 1,933,792)	( 1,387,619)
		------------	------------
Net current assets		2,903,281	1,608,631
		------------	------------
Total assets less current liabilities		2,932,248	1,637,777

Creditors: amounts falling due after more than one year	9	( 80,566)	( 128,905)

Provisions	( 1,128)	( 1,128)
	------------	------------
Net assets	2,850,554	1,507,744
	------------	------------

Capital and reserves

Called up share capital	70	70
Capital redemption reserve	30	30
Other reserves	21,687	62,373
Profit and loss account	2,829,786	1,440,361
	------------	------------
Equity attributable to the owners of the parent company	2,851,573	1,502,834

Non-controlling interests	( 1,019)	4,910
	------------	------------
	2,850,554	1,507,744
	------------	------------

These group accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the consolidated income statement has not been delivered.

MurphyCobb and Associates Ltd

Consolidated Statement of Financial Position (continued)

31 December 2024

For the 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.

Directors' responsibilities:

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

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

These group accounts were approved by the board of directors and authorised for issue on 26 September 2025 , and are signed on behalf of the board by:

M Siddiqi

Director

Company registration number: 05665258

MurphyCobb and Associates Ltd

Company Statement of Financial Position

31 December 2024

	2024	2023
		(restated)
Note	£	£

Fixed assets

Tangible assets	5	7,337	7,097
Investments	6	24,252	24,252
		--------	--------
		31,589	31,349

Current assets

Debtors	7	2,404,143	2,086,884
Cash at bank and in hand		310,433	410,542
		------------	------------
		2,714,576	2,497,426

Creditors: amounts falling due within one year	8	( 2,582,292)	( 2,292,223)
		------------	------------
Net current assets		132,284	205,203
		---------	---------
Total assets less current liabilities		163,873	236,552

Creditors: amounts falling due after more than one year	9	( 80,566)	( 128,905)

Provisions	( 1,128)	( 1,128)
	---------	---------
Net assets	82,179	106,519
	---------	---------

Capital and reserves

Called up share capital	70	70
Capital redemption reserve	30	30
Profit and loss account	82,079	106,419
	--------	---------
Shareholders funds	82,179	106,519
	--------	---------

The profit for the financial year of the parent company was £ 655,660 (2023: £ 153,407 ).

These group accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

For the 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.

Directors' responsibilities:

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

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

MurphyCobb and Associates Ltd

Company Statement of Financial Position (continued)

31 December 2024

These group accounts were approved by the board of directors and authorised for issue on 26 September 2025 , and are signed on behalf of the board by:

M Siddiqi

Director

Company registration number: 05665258

MurphyCobb and Associates Ltd

Consolidated Statement of Changes in Equity

Year ended 31 December 2024

		Called up share capital	Capital redemption reserve	Other reserves	Profit and loss account	Equity attributable to the owners of the parent company	Non-controlling interests	Total
		£	£	£	£	£	£	£
At 1 January 2023		70	30	129,328	1,366,132	1,495,560	( 7,898)	1,487,662

Profit for the year					254,229	254,229	12,808	267,037
Other comprehensive income for the year:
	Foreign currency retranslation	–	–	( 66,955)	–	( 66,955)	–	( 66,955)
		----	----	---------	------------	------------	--------	------------
Total comprehensive income for the year		–	–	( 66,955)	254,229	187,274	12,808	200,082

Dividends paid and payable		–	–	–	( 180,000)	( 180,000)	–	( 180,000)
		----	----	---------	------------	------------	--------	------------
Total investments by and distributions to owners		–	–	–	( 180,000)	( 180,000)	–	( 180,000)

At 31 December 2023		70	30	62,373	1,440,361	1,502,834	4,910	1,507,744

Profit for the year					2,069,425	2,069,425	( 5,929)	2,063,496
Other comprehensive income for the year:
	Foreign currency retranslation	–	–	( 40,686)	–	( 40,686)	–	( 40,686)
		----	----	---------	------------	------------	--------	------------
Total comprehensive income for the year		–	–	( 40,686)	2,069,425	2,028,739	( 5,929)	2,022,810

MurphyCobb and Associates Ltd

Consolidated Statement of Changes in Equity (continued)

Year ended 31 December 2024

	Called up share capital	Capital redemption reserve	Other reserves	Profit and loss account	Equity attributable to the owners of the parent company	Non-controlling interests	Total
	£	£	£	£	£	£	£
Dividends paid and payable	–	–	–	( 680,000)	( 680,000)	–	( 680,000)
	----	----	----	---------	---------	----	---------
Total investments by and distributions to owners	–	–	–	( 680,000)	( 680,000)	–	( 680,000)

	----	----	--------	------------	------------	-------	------------
At 31 December 2024	70	30	21,687	2,829,786	2,851,573	( 1,019)	2,850,554
	----	----	--------	------------	------------	-------	------------

MurphyCobb and Associates Ltd

Company Statement of Changes in Equity

Year ended 31 December 2024

	Called up share capital	Capital redemption reserve	Profit and loss account	Total
	£	£	£	£
At 1 January 2023	70	30	133,012	133,112

Profit for the year			153,407	153,407
	----	----	---------	---------
Total comprehensive income for the year	–	–	153,407	153,407

Dividends paid and payable	–	–	( 180,000)	( 180,000)
	----	----	---------	---------
Total investments by and distributions to owners	–	–	( 180,000)	( 180,000)

At 31 December 2023	70	30	106,419	106,519

Profit for the year			655,660	655,660
	----	----	---------	---------
Total comprehensive income for the year	–	–	655,660	655,660

Dividends paid and payable	–	–	( 680,000)	( 680,000)
	----	----	---------	---------
Total investments by and distributions to owners	–	–	( 680,000)	( 680,000)

	----	----	---------	---------
At 31 December 2024	70	30	82,079	82,179
	----	----	---------	---------

MurphyCobb and Associates Ltd

Notes to the Group Accounts

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 10 Orange Street, Haymarket, London, WC2H 7DQ, United Kingdom.

2. Statement of compliance

These group accounts have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The group accounts have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The group accounts are prepared in sterling, which is the functional currency of the entity.

Going concern

After reviewing the Group's updated projections and its medium term plans, the directors have a reasonable expectation that the Group has adequate resources to continue in operation for the foreseeable future being at least 12 months from the approval of these financial statements. The directors have therefore adopted the going concern basis in preparing the financial statements.

Disclosure exemptions

The parent company satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following reduced disclosures available under FRS 102:

(a) Disclosures in respect of each class of share capital have not been presented.

(b) No cash flow statement has been presented for the company.

(c) Disclosures in respect of financial instruments have not been presented.

(d) No disclosure has been given for the aggregate remuneration of key management personnel.

Consolidation

The group accounts consolidate the group accounts of MurphyCobb and Associates Ltd and all of its subsidiary undertakings.

The results of subsidiaries acquired or disposed of during the year are included from or to the date that control passes.

The parent company has applied the exemption contained in section 408 of the Companies Act 2006 and has not presented its individual profit and loss account.

MurphyCobb and Associates Ltd

Notes to the Group Accounts (continued)

Year ended 31 December 2024

3. Accounting policies (continued)

Non-controlling interests

Minority interests in the net assets of consolidated subsidiaries are identified separately from the Group’s equity. Minority interests consist of the amount of those interests at the date of the original business combination and the minority’s share of changes in equity since the date of the combination.

The proportions of profit or loss and changes in equity allocated to the owners of the parent and to the minority interests are determined on the basis of existing ownership interests and do not reflect the possible exercise or conversion of options or convertible instruments.

Revenue recognition

Revenue is recognised in accordance with FRS 102. Turnover is measured at the fair value of the consideration received or receivable, net of any discounts, rebates, and Value Added Tax (VAT). Revenue from services is recognised over time as the company satisfies its performance obligations, which are identified within customer contracts. The transaction price is allocated to each distinct performance obligation based on their relative standalone selling prices, with revenue recognised either on a a time-based or milestone-based method, depending on the nature of the services provided. Retainer Clients For retainer agreements, revenue recognition varies based on the structure of the retainer: Flat-Fee Retainerse In cases where the client is charged a fixed annual fee for a set number of service hours, we recognise revenue evenly over the contract period. The total fee is allocated evenly across the months of the year, reflecting the assumption that the services are provided evenly throughout the contract period, unless otherwise indicated by actual service delivery patterns. Draw-Down Retainers For clients on draw-down retainers, where a predetermined budget is agreed upon for the year, revenue is recognised as the client draws down on this budget. When a specific project arises, we estimate the cost of that project and deduct it from the overall retainer budget. Revenue is recognised as the work is performed, reflecting the costs and progress of the project in relation to the allocated budget. Any unused portion of the budget at the end of the period remains unrecognised unless contractually specified otherwise. Ad-Hoc Jobs For ad-hoc projects, revenue is recognised once the project reaches an advanced stage of completion, specifically at stage 7 of the project lifecycle, which represents a significant point at which performance obligations have been substantially fulfilled. This approach ensures that revenue is recognised only when the majority of the services have been provided, and there is a high degree of certainty regarding the completion of the remaining obligations. Contracts may include variable considerations, which are estimated and recognised when it is highly probable that a significant reversal will not occur. Revenue is recorded net of any discounts or rebates, and adjustments are made as needed for changes in contract terms or estimates. VAT is excluded from revenue, as it is collected on behalf of tax authorities and recorded as a liability until remitted. This policy ensures that revenue is accurately reflected in the financial statements, in alignment with the services provided to customers.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Plant and machinery	-	3-4 years straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 12 (2023: 11 ).

The average number of persons employed by the group during the period amounted to 22 (2023: 21).

5. Tangible assets

Group	Plant and machinery
	£
Cost
At 1 January 2024	59,930
Additions	3,657
	--------
At 31 December 2024	63,587
	--------
Depreciation
At 1 January 2024	51,808
Charge for the year	3,836
	--------
At 31 December 2024	55,644
	--------
Carrying amount
At 31 December 2024	7,943
	--------
At 31 December 2023	8,122
	--------

Company	Plant and machinery
	£
Cost
At 1 January 2024 (as restated)	49,526
Additions	3,485
	--------
At 31 December 2024	53,011
	--------
Depreciation
At 1 January 2024	42,429
Charge for the year	3,245
	--------
At 31 December 2024	45,674
	--------
Carrying amount
At 31 December 2024	7,337
	--------
At 31 December 2023	7,097
	--------

6. Investments

Group	Shares in group undertakings
	£
Cost
At 1 January 2024 and 31 December 2024	21,024
	--------
Impairment
At 1 January 2024 and 31 December 2024	–
	--------

Carrying amount
At 1 January 2024 and 31 December 2024	21,024
	--------
At 31 December 2023	21,024
	--------

Company	Shares in group undertakings
	£
Cost
At 1 January 2024 and 31 December 2024	24,252
	--------
Impairment
At 1 January 2024 and 31 December 2024	–
	--------

Carrying amount
At 1 January 2024 and 31 December 2024	24,252
	--------
At 31 December 2023	24,252
	--------

Other fixed asset investments are for minority equity share purchases and are held at cost.

Subsidiaries, associates and other investments

Details of the investments in which the group and the parent company have an interest of 20% or more are as follows:

	Class of share	Percentage of shares held
Subsidiary undertakings
MurphyCobb International (USA) Inc	Ordinary shares	100
MurphyCobb International (Australia) Pty Ltd	Ordinary shares	100
MurphyCobb International (Brasil) Consultoria e Assessoria Ltda	Ordinary shares	99
MurphyCobb Business Consulting (Shanghai) Co. Limited	Ordinary shares	100
MurphyCobb Productions Limited	Ordinary shares	100
MurphyCobb Technologies Limited	Ordinary shares	100
MurphyCobb International Colombia S.A.S	Ordinary shares	85
MurphyCobb Mexico D. de R.L	Ordinary shares	85

7. Debtors

	Group		Company
	2024	2023	2024	2023
			(restated)
	£	£	£	£
Trade debtors	2,920,735	1,880,859	1,051,407	911,226
Amounts owed by group undertakings	–	–	1,073,331	1,091,547
Other debtors	1,058,951	370,813	279,405	84,111
	------------	------------	------------	------------
	3,979,686	2,251,672	2,404,143	2,086,884
	------------	------------	------------	------------

8. Creditors: amounts falling due within one year

	Group		Company
	2024	2023	2024	2023
			(restated)
	£	£	£	£
Bank loans and overdrafts	48,340	48,340	48,340	48,340
Trade creditors	330,510	342,281	191,220	194,161
Amounts owed to group undertakings	–	–	2,113,953	1,507,406
Corporation tax	406,684	–	37,500	–
Social security and other taxes	180,361	80,487	51,771	39,297
Other creditors	967,897	916,511	139,508	503,019
	------------	------------	------------	------------
	1,933,792	1,387,619	2,582,292	2,292,223
	------------	------------	------------	------------

Included within other creditors of the group and company is a balance of £400,000 due to P Murphy, a director in the company (2023: £nil).

9. Creditors: amounts falling due after more than one year

	Group		Company
	2024	2023	2024	2023
			(restated)
	£	£	£	£
Bank loans and overdrafts	80,566	128,905	80,566	128,905
	--------	---------	--------	---------

10. Share options

There was a share option agreement made between MurphyCobb and Associates Limited and P Tracey, a director, on 4th May 2016. This agreement gives P Tracey the option to purchase shares equating to a maximum of 5% of the company's share capital after such purchase, any time from 1 year after the date of the agreement but before 10 years after the date of the agreement.

11. Charges on assets

Charges have been made against the company in favour of the following parties to secure their interests in the activity of the company:

- YFM Private Equity Limited

- Secured Fixed Income PLC

12. Prior period errors

Group No prior period errors were identified. Company In the comparative period, a dividend of £750,000 was not correctly recorded as having been receivable from a wholly-owned subsidiary entity. This is now reflected in the restated figures. The impact of this is to increase retained earnings at 1 January 2024 by £750,000, becoming £106,419 retained profits following previous stated retained losses value of £643,581.

13. Events after the end of the reporting period

Subsequent to year end, there was a change in ownership of the company and group. There is now no one ultimate controlling party. There is no financial impact on figures as presented.

14. Related party transactions

Group

The Group has taken advantage of the exemption conferred by FRS 102 for subsidiaries which are wholly owned not to disclose intra-group transactions.

Company

During the year, non-executive director fees totalling £36,000 (2023: £47,000) were charged by Black Shell Management Limited, a company in which P Tracey is a director. The balance outstanding at the year-end was £3,600 (2023: £8,400). During the year, non-executive director fees totalling £4,000 (2023: £12,000) were charged by Simon Michaelides, a director. The balance accrued and outstanding at the year-end was £nil (2023: £3,000). No other transactions with related parties were undertaken such as are required to be disclosed under FRS 102.

15. Controlling party

The directors consider that there is no one ultimate controlling party.