Registration number: 12635109

Madison Legal Limited

Contents

Company Information	1
Directors' Report	2
Accountants' Report	3
Balance Sheet	4
Notes to the Unaudited Financial Statements	5 to 11

Madison Legal Limited

Company Information

Directors

Mr Rowan Pennington-Benton Mr Edward Charles Miller Mr Daniel Anthony Feetham

Registered office

25 Wilton Road London SW1V 1LW

Accountants

Livingstones Accountants Limited Polaris Queensmead Road Loudwater Buckinghamshire HP10 9XA

Madison Legal Limited

Directors' Report for the Year Ended 31 October 2025

The directors present their report and the financial statements for the year ended 31 October 2025.

Directors of the company

The directors who held office during the year were as follows:

Mr Rowan Pennington-Benton

Mr Edward Charles Miller

Mr Daniel Anthony Feetham

Principal activity

The principal activity of the company is Barristers at law

Going concern

These financial statements have been prepared on a Going Concern basis.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 1 June 2026 and signed on its behalf by:
 

......................................... Mr Rowan Pennington-Benton Director

......................................... Mr Daniel Anthony Feetham Director

Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Madison Legal Limited
for the Year Ended 31 October 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Madison Legal Limited for the year ended 31 October 2025 as set out on pages 4 to 11 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Madison Legal Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Madison Legal Limited and state those matters that we have agreed to state to the Board of Directors of Madison Legal Limited, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Madison Legal Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Madison Legal Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Madison Legal Limited. You consider that Madison Legal 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 accounts of Madison Legal 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 accounts.

......................................

Livingstones Accountants Limited
Polaris
Queensmead Road
Loudwater
Buckinghamshire
HP10 9XA

1 June 2026

Madison Legal Limited

(Registration number: 12635109)
Balance Sheet as at 31 October 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	3,928	2,240
Current assets
Debtors	6	412,930	370,110
Cash at bank and in hand		752,815	903,261
		1,165,745	1,273,371
Creditors: Amounts falling due within one year	7	(195,447)	(330,355)
Net current assets		970,298	943,016
Net assets		974,226	945,256
Capital and reserves
Called up share capital	8	100	100
Retained earnings		974,126	945,156
Shareholders' funds		974,226	945,256

For the financial year ending 31 October 2025 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their 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 in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 1 June 2026 and signed on its behalf by:
 

......................................... Mr Rowan Pennington-Benton Director

......................................... Mr Daniel Anthony Feetham Director

Madison Legal Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

1	General information

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

The address of its registered office is:
25 Wilton Road
London
SW1V 1LW

These financial statements were authorised for issue by the Board on 1 June 2026.

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

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities 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 sale of goods and 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.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current 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.

Madison Legal Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

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	SLM over 4 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.

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.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Madison Legal Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

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 directors) during the year, was 3 (2024 - 3).

4	Profit before tax

Arrived at after charging/(crediting)

	2025 £	2024 £
Depreciation expense	1,323	630

Madison Legal Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

5	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 November 2024	3,283	3,283
Additions	3,010	3,010
At 31 October 2025	6,293	6,293
Depreciation
At 1 November 2024	1,043	1,043
Charge for the year	1,322	1,322
At 31 October 2025	2,365	2,365
Carrying amount
At 31 October 2025	3,928	3,928
At 31 October 2024	2,240	2,240

6

Debtors

Current	2025 £	2024 £
Trade debtors	326,906	99,726
Prepayments	45,599	19,945
Other debtors	40,425	250,439
	412,930	370,110

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	113,641	87,378
Taxation and social security	79,572	232,376
Accruals and deferred income	45	9,134
Other creditors	2,189	1,467
	195,447	330,355

Madison Legal Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary Shares Class A of £1 each	5	5	5	5
Ordinary Shares Class B of £1 each	30	30	30	30
Ordinary Shares Class C of £1 each	45	45	45	45
Ordinary Shares Class D of £1 each	20	20	20	20
Ordinary Shares of £0 each	-	-	-	-
	100	100	100	100

9

Dividends

Interim dividends paid

		2025 £		2024 £
Interim dividend of £5,175.00 (2024 - £2,000.00) per each Ordinary Shares Class D		103,500		40,000
Interim dividend of £1,666.67 per each Ordinary Shares Class B		50,000		50,000
Interim dividend of £1,111.11 per each Ordinary Shares Class C		50,000		50,000
		203,500		140,000

10	Related party transactions

Included within Other Creditors are advances by the Directors to the Company.
These advances are non interest bearing and are not repayable in in equal monthly instalments.

Madison Legal Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Directors' remuneration

The directors' remuneration for the year was as follows:

	2025 £	2024 £
Remuneration	26,130	-

Expenditure with and payables to related parties

2025	Other related parties £
Rendering of services	67,950

2024	Other related parties £
Rendering of services	114,070

Loans from related parties

2025	Other related parties £	Total £
At start of period	1,365	1,365
At end of period	1,365	1,365

2024	Other related parties £	Total £
At start of period	1,410	1,410
Repaid	(45)	(45)
At end of period	1,365	1,365

Terms of loans from related parties

The loan is not repayable on demand or in instalments nor interest bearing. Included within Other Creditors, the loan was made by Madison Chambers Limited (Registered in Gibraltar) and controlled by a common director, Mr R Pennington-Benton. The loan was discharged in part during the course of the year as part of a lump sum payment made to Mr R Pennington-Benton.

Summary of transactions with other related parties

Mr Daniel Feetham - Director and Shareholder Mr Daniel Feetham provided legal services to the Company. This was a separate and distinct activity to his services as a Director and provided on an arms length basis. At the year end, there were no payables due to Mr Feetham.

Mr Rowan Pennington-Benton - Director and Shareholder Mr Rowan Pennington-Benton provided legal services to the Company. This was a separate and distinct activity to his services as a Director and provided on an arms length basis. At the year end, there were no payables due to Mr Pennington-Benton.