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KING & WOOD MALLESONS LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
King & Wood Mallesons is a private limited company limited by shares incorporated in the England and Wales. The address of the registered office is located on the Company Information page.
The functional and presentation currency of the Company is GBP.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:
In July 2023, the King Wood & Mallesons network announced a Co-operation Agreement with Eversheds Sutherland. As a result of this agreement, the company’s parent entity KWM Europe LLP continued to provide legal advice to clients until early 2024 but commenced an orderly wind down of its business including the transfer of selected staff employed by the company in November 2023. King & Wood Mallesons Limited continued to employ a member of staff until mid-2025. The company has now ceased to trade.
Accordingly, the directors consider it appropriate for the financial statements to be prepared on a basis other than a going concern.
Revenue is in relation to management fees charged in relation to services rendered within the period. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Defined contribution pension plan
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
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 income.
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