REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 October 2022 to 31 March 2023 |
for |
Child & Child Law Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 October 2022 to 31 March 2023 |
for |
Child & Child Law Limited |
Child & Child Law Limited (Registered number: 11554363) |
Contents of the Financial Statements |
for the Period 1 October 2022 to 31 March 2023 |
Page |
Company Information | 1 |
Report of the Accountants | 2 |
Statement of Financial Position | 4 |
Notes to the Financial Statements | 6 |
Child & Child Law Limited |
Company Information |
for the Period 1 October 2022 to 31 March 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Emperor's Gate |
114a Cromwell Road |
Kensington |
London |
SW7 4AG |
Child & Child Law Limited |
Report of the Accountants to the Directors of |
Child & Child Law Limited |
The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF CHILD & CHILD LAW LIMITED FOR THE PERIOD ENDED 31 MARCH 2023 |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Child & Child Law Limited for the period ended 31 March 2023 which comprise the income statement, the statement of financial position 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 board of directors of Child & Child Law Limited, as a body, in accordance with the terms of our engagement letter dated 12 July 2023. Our work has been undertaken solely to prepare for your approval the financial statements of Child & Child Law Limited and state those matters that we have agreed to state to the board of directors of Child & Child Law 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 Child & Child Law Limited and its board of directors as a body, for our work or for this report. |
It is your duty to ensure that Child & Child Law 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 Child & Child Law Limited. You consider that Child & Child Law 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 Child & Child Law 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 financial statements. |
Emperor's Gate |
114a Cromwell Road |
Kensington |
London |
Child & Child Law Limited (Registered number: 11554363) |
Report of the Accountants to the Directors of |
Child & Child Law Limited |
SW7 4AG |
Child & Child Law Limited (Registered number: 11554363) |
Statement of Financial Position |
31 March 2023 |
2023 | 2022 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Retained earnings |
SHAREHOLDERS' FUNDS |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
Child & Child Law Limited (Registered number: 11554363) |
Statement of Financial Position - continued |
31 March 2023 |
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 |
Child & Child Law Limited (Registered number: 11554363) |
Notes to the Financial Statements |
for the Period 1 October 2022 to 31 March 2023 |
1. | STATUTORY INFORMATION |
Child & Child Law Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Revenue |
Revenue from the provision of legal and professional services is recognised over time in the accounting period in which services are rendered. |
Contracts for the provision of legal and professional services may include fixed fee arrangements, variable fee arrangements based on time and materials or contingent fee arrangements. |
For fixed fee arrangements, revenue is recognised based on the actual services provided to the end of the reporting period as a proportion of the total services to be provided. |
For variable fee contracts based on time and materials, revenue is recognised as the amount of fees that the Company has a right to invoice for services provided, based on the fee rates agreed with the client. |
For conditional fee arrangements, fees are billed on completion depending on the outcome of the matter (e.g. Personal Injury or Clinical Negligence cases on a 'no win, no fee' basis). Revenue in respect of contingent fee assignments, over and above any agreed minimum fee, is included in revenue only to the extent that it is highly probable that the amount will not be subject to significant reversal when the uncertainty is resolved. This is generally when the matter is resolved and the outcome is known. |
A receivable is recognised when a bill has been invoiced as this is the point in time that the consideration is considered unconditional because only the passage of time is required before payment is due. Where income has not been billed at the reporting date, it is included in Accrued Income. |
No element of financing is deemed to exist as payment is typically due within one year of the service being performed. Interest income is recognised on a time-proportion basis using the effective interest method. |
Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life: |
Plant & machinery etc 25% |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Child & Child Law Limited (Registered number: 11554363) |
Notes to the Financial Statements - continued |
for the Period 1 October 2022 to 31 March 2023 |
2. | ACCOUNTING POLICIES - continued |
Taxation |
Taxation for the period 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 statement of financial position date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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. |
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. |
Accrued income |
Accrued income is valued at the lower of cost and management's assessment of its net realisable value. |
Provisions |
Provisions for claims are recognised when: the Group has a present legal or constructive obligation as a result of past events; it is more likely than not that an outflow of resources will be required to settle the obligation; and the amount has been reliably estimated. |
Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small. |
Provisions are measured at management's best estimate of the expenditure required to settle the obligation at the balance sheet date. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
Child & Child Law Limited (Registered number: 11554363) |
Notes to the Financial Statements - continued |
for the Period 1 October 2022 to 31 March 2023 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
Additions |
At 31 March 2023 |
DEPRECIATION |
Charge for period |
At 31 March 2023 |
NET BOOK VALUE |
At 31 March 2023 |
5. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertaking |
£ |
COST |
Additions |
At 31 March 2023 |
NET BOOK VALUE |
At 31 March 2023 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade debtors |
Amounts owed by group undertakings |
Other debtors |
Child & Child Law Limited (Registered number: 11554363) |
Notes to the Financial Statements - continued |
for the Period 1 October 2022 to 31 March 2023 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade creditors | 447,192 | - |
Loans | 349,870 | - |
Accruals | 459,464 | - |
Taxation and social security | 382,409 | - |
1,638,935 | - |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2022 |
value: | £ | £ |
Ordinary | £1 | 250,000 | 100 |
249,900 Ordinary shares of £1 each were allotted and fully paid for |
9. | CONTROLLING PARTY |
The company's parent undertaking is Child & Child Holdings Limited, a company registered in England & Wales. |