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REGISTERED NUMBER: SO301921 (Scotland)















Unaudited Financial Statements for the Year Ended 30 April 2022

for

Warners Solicitors LLP

Warners Solicitors LLP (Registered number: SO301921)






Contents of the Financial Statements
for the Year Ended 30 April 2022




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 7

Warners Solicitors LLP

General Information
for the Year Ended 30 April 2022







DESIGNATED MEMBERS: G S Craig
D J Scott
S A Brown





REGISTERED OFFICE: 22 St Patrick Square
Edinburgh
EH8 9EY





REGISTERED NUMBER: SO301921 (Scotland)





ACCOUNTANTS: Cowan & Partners Limited
60 Constitution Street
Edinburgh
EH6 6RR

Warners Solicitors LLP (Registered number: SO301921)

Balance Sheet
30 April 2022

30.4.22 30.4.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 109,177 89,465

CURRENT ASSETS
Stocks 62,507 50,667
Debtors 5 620,299 327,370
Cash at bank and in hand 1,326,028 1,716,253
2,008,834 2,094,290
CREDITORS
Amounts falling due within one year 6 250,271 330,631
NET CURRENT ASSETS 1,758,563 1,763,659
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,867,740

1,853,124

PROVISIONS FOR LIABILITIES 54,000 62,450
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,813,740

1,790,674

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

1,363,740

1,360,674

MEMBERS' OTHER INTERESTS
Capital accounts 450,000 430,000
1,813,740 1,790,674

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 1,363,740 1,360,674
Members' other interests 450,000 430,000
1,813,740 1,790,674

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 30 April 2022.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

Warners Solicitors LLP (Registered number: SO301921)

Balance Sheet - continued
30 April 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 22 July 2022 and were signed by:





D J Scott - Designated member

Warners Solicitors LLP (Registered number: SO301921)

Notes to the Financial Statements
for the Year Ended 30 April 2022

1. STATUTORY INFORMATION

Warners Solicitors LLP is registered in Scotland. The LLP's registered number and registered office address can be found on the General Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

There have been no material misstatements from the accounting standards applicable.

These financial statements for the year ended 30 April 2022 comply with Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

Turnover
Turnover is measured at fair value of the consideration received or receivable and represents the amount receivable for services supplied to customers in the normal course of business, adjusted for work in progress, net or value added tax. The principal turnover stream of the company is providing legal and estate agency services; the policy is to recognise a sale when chargeable services have been supplied to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on reducing balance

At each balance sheet date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Work in progress
Work in progress represents the value of unbilled work done and is stated at recoverable amount.

Work in progress has been included in sales in the profit and loss account.

Pension costs and other post-retirement benefits
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate. Differences between contributions payable and contributions actually paid during the year are shown in accruals.

Taxation
The taxation payable on the partnership profits is the personal liability of the members during the year and consequently neither taxation nor related deferred taxation are accounted for in the financial statements. Amounts retained for members' personal tax liabilities are treated in the same way as other profits of the partnership and so are included in "Members' interests".

Operating leases
Rentals under operating leases are charged to the profit and loss account on a straight line basis over the lease term. Operating lease expenses are shown within motor expenses.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 69 (2021 - 64 ) .

Warners Solicitors LLP (Registered number: SO301921)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2022

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2021 411,624
Additions 48,179
At 30 April 2022 459,803
DEPRECIATION
At 1 May 2021 322,159
Charge for year 28,467
At 30 April 2022 350,626
NET BOOK VALUE
At 30 April 2022 109,177
At 30 April 2021 89,465

There have been no indicators of impairment in the year under review.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.22 30.4.21
£    £   
Trade debtors 114,044 188,894
Other debtors 506,255 138,476
620,299 327,370

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.22 30.4.21
£    £   
Bank loans and overdrafts 55,745 37,809
Taxation and social security 149,535 268,154
Other creditors 44,991 24,668
250,271 330,631

7. SECURED DEBTS

The following secured debts are included within creditors:

30.4.22 30.4.21
£    £   
Bank loans and overdrafts 55,745 37,809

The AIB Group (UK) PLC hold a bond and floating charge over the assets of the LLP.

Warners Solicitors LLP (Registered number: SO301921)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2022

8. LOANS AND OTHER DEBTS DUE TO MEMBERS
30.4.22 30.4.21
£    £   
Amounts owed to members in respect of profits 1,363,740 1,360,674

Falling due within one year 1,363,740 1,360,674

Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.

9. ULTIMATE CONTROLLING PARTY

The LLP is controlled by the designated members.

Accountants' Report to the Members
on the Unaudited Financial Statements of
Warners Solicitors LLP

The following reproduces the text of the report prepared for the members in respect of the LLP's annual unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Members are not required to be filed with the Registrar of Companies.

In accordance with our terms of engagement, we have prepared for your approval the financial statements of Warners Solicitors LLP for the year ended 30 April 2022 from the accounting records and from information and explanations you have given us.

As a practising member of the Certified Public Accountants Association, we are subject to its ethical and other professional requirements which are detailed at: https://www.cpaa.co.uk/about-cpaa/how-we-regulate/

This report is made solely to you in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Warners Solicitors LLP and state those matters that we have agreed to state to you in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than you for our work or for this report.

We have not been instructed to carry out an audit or a review of the financial statements of Warners Solicitors LLP. 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.






Cowan & Partners Limited
60 Constitution Street
Edinburgh
EH6 6RR


22 July 2022