Company registration number 07304898 (England and Wales)
MASTERS LEGAL COSTS SERVICES NUMBER 3 LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
PAGES FOR FILING WITH REGISTRAR
MASTERS LEGAL COSTS SERVICES NUMBER 3 LIMITED
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF MASTERS LEGAL COSTS SERVICES NUMBER 3 LIMITED FOR THE YEAR ENDED 30 APRIL 2025
- 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 Masters Legal Costs Services Number 3 Limited for the year ended 30 April 2025 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 b oard of d irectors of Masters Legal Costs Services Number 3 Limited, as a body, in accordance with the terms of our engagement letter dated 14 December 2021. Our work has been undertaken solely to prepare for your approval the financial statements of Masters Legal Costs Services Number 3 Limited and state those matters that we have agreed to state to the b oard of d irectors of Masters Legal Costs Services Number 3 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 Masters Legal Costs Services Number 3 Limited and its b oard of d irectors as a body, for our work or for this report.

It is your duty to ensure that Masters Legal Costs Services Number 3 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 result of Masters Legal Costs Services Number 3 Limited. You consider that Masters Legal Costs Services Number 3 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 Masters Legal Costs Services Number 3 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 f inancial statements.

Carpenter Box
8 December 2025
Chartered Accountants
Amelia House
Crescent Road
Worthing
West Sussex
BN11 1RL
MASTERS LEGAL COSTS SERVICES NUMBER 3 LIMITED
BALANCE SHEET
AS AT
30 APRIL 2025
30 April 2025
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2025
2024
Notes
£
£
£
£
Fixed assets
Investments
3
20,000
20,000
Current assets
Debtors
4
430,399
430,399
Net current assets
430,399
430,399
Net assets
450,399
450,399
Capital and reserves
Called up share capital
5
20,000
20,000
Profit and loss reserves
430,399
430,399
Total equity
450,399
450,399

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 April 2025 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have 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.

The financial statements were approved and signed by the director and authorised for issue on 8 December 2025
Mr P M Daval-Bowden
Director
Company registration number 07304898 (England and Wales)
MASTERS LEGAL COSTS SERVICES NUMBER 3 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
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1
Accounting policies
Company information

Masters Legal Costs Services Number 3 Limited is a private company limited by shares incorporated in England and Wales. The registered office is 2nd & 3rd Floors, 15 Devonshire Square, London, EC2M 4YW.

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 a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Profit and loss account

The company has not traded during the year or the preceding financial period. During this time, the company received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.

1.3
Fixed asset investments

Unlisted investments are classified as financial instruments and are initially measured at transaction price including transaction costs. They are subsequently measured at fair value through profit or loss, unless their value cannot be measured reliably, in which case they are measured at cost less impairment.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost.

1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2
Employees

The company had no employees other than the director during the current and prior period.

3
Fixed asset investments
2025
2024
£
£
Investments
20,000
20,000
MASTERS LEGAL COSTS SERVICES NUMBER 3 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
3
Fixed asset investments
(Continued)
- 4 -
Movements in fixed asset investments
Unlisted Investments
£
Cost or valuation
At 1 May 2024 & 30 April 2025
20,000
Carrying amount
At 30 April 2025
20,000
At 30 April 2024
20,000
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
430,399
430,399
5
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
20,000
20,000
20,000
20,000
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