2024-10-14 2025-10-31 2025-10-31 false 16015827 MSD FEES LIMITED 2026-07-14 68320 false iso4217:GBP xbrli:pure 16015827 2024-10-13 16015827 2025-10-31 16015827 2024-10-14 2025-10-31 16015827 2024-10-12 16015827 2024-10-13 16015827 2024-10-13 2024-10-13 16015827 bus:SmallEntities 2024-10-14 2025-10-31 16015827 bus:AuditExempt-NoAccountantsReport 2024-10-14 2025-10-31 16015827 bus:FullAccounts 2024-10-14 2025-10-31 16015827 bus:PrivateLimitedCompanyLtd 2024-10-14 2025-10-31 16015827 core:WithinOneYear 2025-10-31 16015827 core:AfterOneYear 2025-10-31 16015827 core:WithinOneYear 2024-10-13 16015827 core:AfterOneYear 2024-10-13 16015827 core:ShareCapital 2025-10-31 16015827 core:SharePremium 2025-10-31 16015827 core:RevaluationReserve 2025-10-31 16015827 core:OtherReservesSubtotal 2025-10-31 16015827 core:RetainedEarningsAccumulatedLosses 2025-10-31 16015827 core:ShareCapital 2024-10-13 16015827 core:SharePremium 2024-10-13 16015827 core:RevaluationReserve 2024-10-13 16015827 core:OtherReservesSubtotal 2024-10-13 16015827 core:RetainedEarningsAccumulatedLosses 2024-10-13 16015827 core:LandBuildings 2025-10-31 16015827 core:PlantMachinery 2025-10-31 16015827 core:Vehicles 2025-10-31 16015827 core:FurnitureFittings 2025-10-31 16015827 core:OfficeEquipment 2025-10-31 16015827 core:NetGoodwill 2025-10-31 16015827 core:IntangibleAssetsOtherThanGoodwill 2025-10-31 16015827 core:ListedExchangeTraded 2025-10-31 16015827 core:UnlistedNon-exchangeTraded 2025-10-31 16015827 core:LandBuildings 2024-10-13 16015827 core:PlantMachinery 2024-10-13 16015827 core:Vehicles 2024-10-13 16015827 core:FurnitureFittings 2024-10-13 16015827 core:OfficeEquipment 2024-10-13 16015827 core:NetGoodwill 2024-10-13 16015827 core:IntangibleAssetsOtherThanGoodwill 2024-10-13 16015827 core:ListedExchangeTraded 2024-10-13 16015827 core:UnlistedNon-exchangeTraded 2024-10-13 16015827 core:LandBuildings 2024-10-14 2025-10-31 16015827 core:PlantMachinery 2024-10-14 2025-10-31 16015827 core:Vehicles 2024-10-14 2025-10-31 16015827 core:FurnitureFittings 2024-10-14 2025-10-31 16015827 core:OfficeEquipment 2024-10-14 2025-10-31 16015827 core:NetGoodwill 2024-10-14 2025-10-31 16015827 core:IntangibleAssetsOtherThanGoodwill 2024-10-14 2025-10-31 16015827 core:ListedExchangeTraded 2024-10-14 2025-10-31 16015827 core:UnlistedNon-exchangeTraded 2024-10-14 2025-10-31 16015827 core:MoreThanFiveYears 2024-10-14 2025-10-31 16015827 core:Non-currentFinancialInstruments 2025-10-31 16015827 core:Non-currentFinancialInstruments 2024-10-13 16015827 dpl:CostSales 2024-10-14 2025-10-31 16015827 dpl:DistributionCosts 2024-10-14 2025-10-31 16015827 core:LandBuildings 2024-10-14 2025-10-31 16015827 core:PlantMachinery 2024-10-14 2025-10-31 16015827 core:Vehicles 2024-10-14 2025-10-31 16015827 core:FurnitureFittings 2024-10-14 2025-10-31 16015827 core:OfficeEquipment 2024-10-14 2025-10-31 16015827 dpl:AdministrativeExpenses 2024-10-14 2025-10-31 16015827 core:NetGoodwill 2024-10-14 2025-10-31 16015827 core:IntangibleAssetsOtherThanGoodwill 2024-10-14 2025-10-31 16015827 dpl:GroupUndertakings 2024-10-14 2025-10-31 16015827 dpl:ParticipatingInterests 2024-10-14 2025-10-31 16015827 dpl:GroupUndertakings core:ListedExchangeTraded 2024-10-14 2025-10-31 16015827 core:ListedExchangeTraded 2024-10-14 2025-10-31 16015827 dpl:GroupUndertakings core:UnlistedNon-exchangeTraded 2024-10-14 2025-10-31 16015827 core:UnlistedNon-exchangeTraded 2024-10-14 2025-10-31 16015827 dpl:CostSales 2024-10-13 2024-10-13 16015827 dpl:DistributionCosts 2024-10-13 2024-10-13 16015827 core:LandBuildings 2024-10-13 2024-10-13 16015827 core:PlantMachinery 2024-10-13 2024-10-13 16015827 core:Vehicles 2024-10-13 2024-10-13 16015827 core:FurnitureFittings 2024-10-13 2024-10-13 16015827 core:OfficeEquipment 2024-10-13 2024-10-13 16015827 dpl:AdministrativeExpenses 2024-10-13 2024-10-13 16015827 core:NetGoodwill 2024-10-13 2024-10-13 16015827 core:IntangibleAssetsOtherThanGoodwill 2024-10-13 2024-10-13 16015827 dpl:GroupUndertakings 2024-10-13 2024-10-13 16015827 dpl:ParticipatingInterests 2024-10-13 2024-10-13 16015827 dpl:GroupUndertakings core:ListedExchangeTraded 2024-10-13 2024-10-13 16015827 core:ListedExchangeTraded 2024-10-13 2024-10-13 16015827 dpl:GroupUndertakings core:UnlistedNon-exchangeTraded 2024-10-13 2024-10-13 16015827 core:UnlistedNon-exchangeTraded 2024-10-13 2024-10-13 16015827 core:NetGoodwill 2025-10-31 16015827 core:IntangibleAssetsOtherThanGoodwill 2025-10-31 16015827 core:LandBuildings 2025-10-31 16015827 core:PlantMachinery 2025-10-31 16015827 core:Vehicles 2025-10-31 16015827 core:FurnitureFittings 2025-10-31 16015827 core:OfficeEquipment 2025-10-31 16015827 core:AfterOneYear 2025-10-31 16015827 core:WithinOneYear 2025-10-31 16015827 core:ListedExchangeTraded 2025-10-31 16015827 core:UnlistedNon-exchangeTraded 2025-10-31 16015827 core:ShareCapital 2025-10-31 16015827 core:SharePremium 2025-10-31 16015827 core:RevaluationReserve 2025-10-31 16015827 core:OtherReservesSubtotal 2025-10-31 16015827 core:RetainedEarningsAccumulatedLosses 2025-10-31 16015827 core:NetGoodwill 2024-10-13 16015827 core:IntangibleAssetsOtherThanGoodwill 2024-10-13 16015827 core:LandBuildings 2024-10-13 16015827 core:PlantMachinery 2024-10-13 16015827 core:Vehicles 2024-10-13 16015827 core:FurnitureFittings 2024-10-13 16015827 core:OfficeEquipment 2024-10-13 16015827 core:AfterOneYear 2024-10-13 16015827 core:WithinOneYear 2024-10-13 16015827 core:ListedExchangeTraded 2024-10-13 16015827 core:UnlistedNon-exchangeTraded 2024-10-13 16015827 core:ShareCapital 2024-10-13 16015827 core:SharePremium 2024-10-13 16015827 core:RevaluationReserve 2024-10-13 16015827 core:OtherReservesSubtotal 2024-10-13 16015827 core:RetainedEarningsAccumulatedLosses 2024-10-13 16015827 core:NetGoodwill 2024-10-12 16015827 core:IntangibleAssetsOtherThanGoodwill 2024-10-12 16015827 core:LandBuildings 2024-10-12 16015827 core:PlantMachinery 2024-10-12 16015827 core:Vehicles 2024-10-12 16015827 core:FurnitureFittings 2024-10-12 16015827 core:OfficeEquipment 2024-10-12 16015827 core:AfterOneYear 2024-10-12 16015827 core:WithinOneYear 2024-10-12 16015827 core:ListedExchangeTraded 2024-10-12 16015827 core:UnlistedNon-exchangeTraded 2024-10-12 16015827 core:ShareCapital 2024-10-12 16015827 core:SharePremium 2024-10-12 16015827 core:RevaluationReserve 2024-10-12 16015827 core:OtherReservesSubtotal 2024-10-12 16015827 core:RetainedEarningsAccumulatedLosses 2024-10-12 16015827 core:AfterOneYear 2024-10-14 2025-10-31 16015827 core:WithinOneYear 2024-10-14 2025-10-31 16015827 core:Non-currentFinancialInstruments core:CostValuation 2024-10-14 2025-10-31 16015827 core:Non-currentFinancialInstruments core:AdditionsToInvestments 2024-10-14 2025-10-31 16015827 core:Non-currentFinancialInstruments core:RevaluationsIncreaseDecreaseInInvestments 2024-10-14 2025-10-31 16015827 core:Non-currentFinancialInstruments core:DisposalsDecreaseInInvestments 2024-10-14 2025-10-31 16015827 core:Non-currentFinancialInstruments core:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments 2024-10-14 2025-10-31 16015827 core:Non-currentFinancialInstruments core:ImpairmentLossReversalProvisionsForImpairmentInvestments 2024-10-14 2025-10-31 16015827 core:Non-currentFinancialInstruments core:AcquisitionsIncreaseInProvisionsForImpairmentInvestments 2024-10-14 2025-10-31 16015827 core:Non-currentFinancialInstruments core:DisposalsDecreaseInProvisionsForImpairmentInvestments 2024-10-14 2025-10-31 16015827 core:Non-currentFinancialInstruments core:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments 2024-10-14 2025-10-31 16015827 core:Non-currentFinancialInstruments core:CostValuation 2025-10-31 16015827 core:Non-currentFinancialInstruments core:AdditionsToInvestments 2025-10-31 16015827 core:Non-currentFinancialInstruments core:RevaluationsIncreaseDecreaseInInvestments 2025-10-31 16015827 core:Non-currentFinancialInstruments core:DisposalsDecreaseInInvestments 2025-10-31 16015827 core:Non-currentFinancialInstruments core:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments 2025-10-31 16015827 core:Non-currentFinancialInstruments core:ImpairmentLossReversalProvisionsForImpairmentInvestments 2025-10-31 16015827 core:Non-currentFinancialInstruments core:AcquisitionsIncreaseInProvisionsForImpairmentInvestments 2025-10-31 16015827 core:Non-currentFinancialInstruments core:DisposalsDecreaseInProvisionsForImpairmentInvestments 2025-10-31 16015827 core:Non-currentFinancialInstruments core:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments 2025-10-31 16015827 core:Non-currentFinancialInstruments core:CostValuation 2024-10-13 16015827 core:Non-currentFinancialInstruments core:AdditionsToInvestments 2024-10-13 16015827 core:Non-currentFinancialInstruments core:RevaluationsIncreaseDecreaseInInvestments 2024-10-13 16015827 core:Non-currentFinancialInstruments core:DisposalsDecreaseInInvestments 2024-10-13 16015827 core:Non-currentFinancialInstruments core:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments 2024-10-13 16015827 core:Non-currentFinancialInstruments core:ImpairmentLossReversalProvisionsForImpairmentInvestments 2024-10-13 16015827 core:Non-currentFinancialInstruments core:AcquisitionsIncreaseInProvisionsForImpairmentInvestments 2024-10-13 16015827 core:Non-currentFinancialInstruments core:DisposalsDecreaseInProvisionsForImpairmentInvestments 2024-10-13 16015827 core:Non-currentFinancialInstruments core:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments 2024-10-13 16015827 bus:Director1 2024-10-14 2025-10-31

MSD FEES LIMITED

Registered Number
16015827
(England and Wales)

Unaudited Financial Statements for the Period ended
31 October 2025

MSD FEES LIMITED
Company Information
for the period from 14 October 2024 to 31 October 2025

Director | Mr Quintin Bull

Registered Address | 3 Coldbath Square
| London
| EC1R 5HL

Registered Number | 16015827 (England and Wales)

MSD FEES LIMITED
Balance Sheet as at
31 October 2025

| Notes | 2025
--- | --- | ---
|  | £ |  | £
Current assets |  |  |  |
Debtors | 3 | 99,601 |  |
|  | 99,601 |  |
Creditors amounts falling due within one year | 4 | (99,600) |  |
Net current assets (liabilities) |  |  |  | 1
Total assets less current liabilities |  |  |  | 1
Net assets |  |  |  | 1
Capital and reserves |  |  |  |
Called up share capital |  |  |  | 1
Shareholders' funds |  |  |  | 1

- The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
- The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
- The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
- These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
- The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 14 July 2026, and are signed on its behalf by:
Mr Quintin Bull Director Registered Company No. 16015827

MSD FEES LIMITED
Notes to the Financial Statements
for the period ended 31 October 2025

1. | Accounting policies
--- | ---

| Statutory information
--- | ---
| The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page. The financial statements report the financial results only of the company and are presented in Sterling (£).

| Statement of compliance
--- | ---
| The financial statements have been prepared in compliance with Section 1A of Financial Reporting Standard 102 and Companies Act 2006 as these apply to the financial statements for the period and there were no material departures from the reporting standard.

| Going concern
--- | ---
| After making enquiries, the director has a reasonable expectation that the Company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, the director continues to adopt the going concern basis in preparing the financial statements.

| Revenue from rendering of services
--- | ---
| Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: • the amount of revenue can be measured reliably; • it is probable that the Company will receive the consideration due under the contract; • the stage of completion of the contract at the end of the reporting period can be measured reliably; and • the costs incurred and the costs to complete the contract can be measured reliably.

| Share capital
--- | ---
| Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

2. | Average number of employees
--- | ---
| The average number of employees include directors.

|  | 2025
| Average number of employees during the year | 1

3. | Debtors: amounts due within one year
--- | ---

|  | 2025
--- | --- | ---
|  | £
| Trade debtors / trade receivables | 75,000
| Other debtors | 16,601
| Prepayments and accrued income | 8,000
| Total | 99,601

4. | Creditors: amounts due within one year
--- | ---

|  | 2025
--- | --- | ---
|  | £
| Trade creditors / trade payables | 2,400
| Other creditors | 97,200
| Total | 99,600

5. | Related party transactions
--- | ---
| At the balance sheet date, the company owed £97,200 to Roaming Bull LLP, an entity under common control. This balance arose from a working capital loan, is unsecured, interest-free and repayable on demand.