Mayer Brown Limited - Accounts to registrar (filleted) - small 18.2
Mayer Brown Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| MAYER BROWN LIMITED |
| Audited Financial Statements for the Year Ended 31 March 2022 |
| MAYER BROWN LIMITED (REGISTERED NUMBER: 03531997) |
| Contents of the Financial Statements |
| for the year ended 31 March 2022 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| MAYER BROWN LIMITED |
| Company Information |
| for the year ended 31 March 2022 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| Chartered Accountants and Statutory Auditors |
| Beckett House |
| 36 Old Jewry |
| London |
| EC2R 8DD |
| MAYER BROWN LIMITED (REGISTERED NUMBER: 03531997) |
| Balance Sheet |
| 31 March 2022 |
| 2022 | 2021 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Share premium | 9 |
| Retained earnings | 9 |
| SHAREHOLDERS' FUNDS |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| MAYER BROWN LIMITED (REGISTERED NUMBER: 03531997) |
| Notes to the Financial Statements |
| for the year ended 31 March 2022 |
| 1. | STATUTORY INFORMATION |
| Mayer Brown Limited is a |
| 2. | ACCOUNTING POLICIES |
| BASIS OF PREPARING THE FINANCIAL STATEMENTS |
| The financial statements are presented in Sterling which is the functional currency of the company. |
| The financial statements are prepared on a going concern basis. |
| TURNOVER |
| Turnover represents the fair value of consideration received or receivable in respect of services supplied, excluding value added tax. Revenue is recognised on completion of a contract, or part-completion where the outcome of the contract can be estimated reliably, in which case contract revenue and contract costs associated with the contract are recognised as revenue and expenses respectively by reference to the stage of completion of the contract activity at the end of the reporting period. Any foreseeable losses on contracts are recognised immediately. |
| TANGIBLE FIXED ASSETS |
| Survey equipment | - |
| Furniture, F&F, Computers & Office equipment |
- |
| TAXATION |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
| DEFERRED TAX |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| HIRE PURCHASE AND LEASING COMMITMENTS |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| MAYER BROWN LIMITED (REGISTERED NUMBER: 03531997) |
| Notes to the Financial Statements - continued |
| for the year ended 31 March 2022 |
| 2. | ACCOUNTING POLICIES - continued |
| PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Furniture, |
| F&F, |
| Computers | Green |
| Survey | & Office | Cycles |
| equipment | equipment | Scheme | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 April 2021 |
| Additions |
| At 31 March 2022 |
| DEPRECIATION |
| At 1 April 2021 |
| Charge for year |
| At 31 March 2022 |
| NET BOOK VALUE |
| At 31 March 2022 |
| At 31 March 2021 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2022 | 2021 |
| £ | £ |
| Trade debtors |
| Amounts recoverable on contract |
| Other debtors |
| Directors' current accounts | - | 2,601 |
| Prepayments |
| MAYER BROWN LIMITED (REGISTERED NUMBER: 03531997) |
| Notes to the Financial Statements - continued |
| for the year ended 31 March 2022 |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2022 | 2021 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Tax |
| Social security and other taxes |
| VAT | 171,761 | 153,340 |
| Other creditors |
| Directors' current accounts | - | 410 |
| Accrued expenses |
| 7. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 2022 | 2021 |
| £ | £ |
| Within one year |
| Between one and five years |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2022 | 2021 |
| value: | £ | £ |
| Ordinary A | £1 | 1 | 1 |
| Ordinary B | £1 | 1 | 1 |
| Ordinary C | 10p | 60,910 | 60,910 |
| Ordinary D | 10p | 54,676 | 54,676 |
| 115,588 | 115,588 |
| 9. | RESERVES |
| Retained | Share |
| earnings | premium | Totals |
| £ | £ | £ |
| At 1 April 2021 | 2,065,139 |
| Profit for the year |
| Dividends | ( |
) | ( |
) |
| At 31 March 2022 | 2,053,385 |
| 10. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| MAYER BROWN LIMITED (REGISTERED NUMBER: 03531997) |
| Notes to the Financial Statements - continued |
| for the year ended 31 March 2022 |
| 11. | RELATED PARTY DISCLOSURES |
| During the year, Brown & Co (Planning) Limited, a company controlled by J Brown (son of A M Brown), rented desk space from Mayer Brown Limited. A total amount of £632 (2021: £6,538) was charged for desk space, printing and copy charges, administration assistance and consultancy work during the year. Brown & Co (Planning) Limited also sold furniture to Mayer Brown Limited for a total amount of £500 (2020: £NIL). A balance of £NIL (2021: £653) is owed to the company at year end. |
| £NIL (2021: £411) was owed to A M Brown, a director of the company, at the year end. |
| All balances are interest free and repayable on demand, unless stated otherwise. |
| 12. | FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES |
| In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements. |
| 13. | ULTIMATE CONTROLLING PARTY |
| As at the 31st March 2022 the ultimate controlling parties were A M Brown and W N Mayer. |
| After the year end, but before the date of signing, the entire share capital of Mayer Brown Limited was acquired by MBL (Holding) Limited, a company controlled by A Barnley and A J Philpott. |