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Registration number: 07737277

MAJ Law Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 October 2024

MAJ Law Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 10

MAJ Law Limited

Company Information

Director | Mr Conor Thomas Johnstone

Registered office | 7450 Daresbury Park Daresbury Halton Cheshire WA4 4BS

Accountants | Williamson Croft (Liverpool) Limited Chartered Certified Accountants1 Old Hall Street 1st Floor Liverpool L3 9HF

MAJ Law Limited

(Registration number: 07737277)
Balance Sheet as at 31 October 2024

| Note | 2024 £ | 2023 £
Fixed assets |  |  |
Tangible assets | 5 | 1,028,943 | 105,067
Current assets |  |  |
Debtors | 6 | 4,246,028 | 3,748,721
Cash at bank and in hand |  | 995,588 | 1,036,783
|  | 5,241,616 | 4,785,504
Creditors: Amounts falling due within one year | 7 | (565,775) | (754,133)
Net current assets |  | 4,675,841 | 4,031,371
Total assets less current liabilities |  | 5,704,784 | 4,136,438
Creditors: Amounts falling due after more than one year | 7 | (709,621) | (530,383)
Provisions for liabilities |  | (18,523) | (8,387)
Net assets |  | 4,976,640 | 3,597,668
Capital and reserves |  |  |
Called up share capital | 8 | 50 | 50
Capital redemption reserve |  | 80 | 80
Retained earnings |  | 4,976,510 | 3,597,538
Shareholders' funds |  | 4,976,640 | 3,597,668

For the financial year ending 31 October 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 members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 20 November 2025

MAJ Law Limited

(Registration number: 07737277)
Balance Sheet as at 31 October 2024

......................................... Mr Conor Thomas Johnstone Director

MAJ Law Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7450 Daresbury Park
Daresbury
Halton
Cheshire
WA4 4BS

These financial statements were authorised for issue by the director on 20 November 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
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.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

MAJ Law Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Office equipment | 20% Straight line
Leasehold improvements | 10% Straight line
Motor vehicles | 20% Straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Goodwill | Straight line over 5 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

MAJ Law Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

MAJ Law Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

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.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 21 (2023 - 20).

MAJ Law Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

4 | Intangible assets

| Goodwill £ | Total £
Cost or valuation
At 1 November 2023 | 370,000 | 370,000
At 31 October 2024 | 370,000 | 370,000
Amortisation
At 1 November 2023 | 370,000 | 370,000
At 31 October 2024 | 370,000 | 370,000
Carrying amount
At 31 October 2024 | - | -

5 | Tangible assets

| Land and buildings £ | Leasehold improvements £ | Office equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 November 2023 | - | 82,080 | 208,632 | 44,500 | 335,212
Additions | 778,026 | 133,682 | 62,586 | - | 974,294
Disposals | - | - | - | (44,500) | (44,500)
At 31 October 2024 | 778,026 | 215,762 | 271,218 | - | 1,265,006
Depreciation
At 1 November 2023 | - | 35,516 | 165,704 | 28,925 | 230,145
Charge for the year | - | 15,396 | 19,447 | - | 34,843
Eliminated on disposal | - | - | - | (28,925) | (28,925)
At 31 October 2024 | - | 50,912 | 185,151 | - | 236,063
Carrying amount
At 31 October 2024 | 778,026 | 164,850 | 86,067 | - | 1,028,943
At 31 October 2023 | - | 46,564 | 42,928 | 15,575 | 105,067

MAJ Law Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

6 | Debtors

Current | Note | 2024 £ | 2023 £
Amounts owed by related parties | 10 | 3,464,377 | 2,909,184
Prepayments |  | 37,578 | 35,900
Other debtors |  | 744,073 | 803,637
|  | 4,246,028 | 3,748,721

7 | Creditors

| Note | 2024 £ | 2023 £
Due within one year |  |  |
Loans and borrowings |  | 448,453 | 302,775
Taxation and social security |  | 102,410 | 429,595
Accruals and deferred income |  | 12,509 | 7,042
Other creditors |  | 2,403 | 14,721
|  | 565,775 | 754,133

| Note | 2024 £ | 2023 £
Due after one year |  |  |
Loans and borrowings |  | 709,621 | 530,383

Included within loans and borrowings less than one year is £308,452 (2023 - £302,775), and loans and borrowings greater than one year is £709,621 (2023 - £530,383). These balances relate to commercial loans which are secured by way of a fixed and floating charge and negative pledge.

8 | Share capital

Allotted, called up and fully paid shares

| 2024 | 2023
| No. | £ | No. | £
Ordinary Shares | 50 | 50 | 50 | 50

MAJ Law Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

9 | Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £85,714 (2023 - £Nil).

10 | Related party transactions

As at the year end there were amounts totalling £520,720 (2023 - £600,850) owed by the director. The amounts are unsecured, repayable on demand and interest is being charged.

Due to a common director and shareholder, Johnstone Acquisitions Ltd is a related party. Included within debtors, amounts owed by related parties is a balance totalling £3,464,377 (2023: £2,909,184) due from Johnstone Acquisitions Ltd. The loan is unsecured and repayable on demand.