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REGISTERED NUMBER: OC399298 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2023

for

BDM Law LLP

BDM Law LLP (Registered number: OC399298)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BDM Law LLP

General Information
for the Year Ended 30 April 2023







DESIGNATED MEMBERS: Bob Deering Limited
Nick Burgess Limited
David McInnes Limited





REGISTERED OFFICE: 145 Leadenhall Street
8th Floor
London
EC3V 4QT





REGISTERED NUMBER: OC399298 (England and Wales)





ACCOUNTANTS: Franklins
1 Pinnacle Way
Pride Park
Derby
Derbyshire
DE24 8ZS

BDM Law LLP (Registered number: OC399298)

Balance Sheet
30 April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 24,141 33,504

CURRENT ASSETS
Work in progress 290,829 248,391
Debtors 5 715,280 609,021
Cash at bank 698,540 538,025
1,704,649 1,395,437
CREDITORS
Amounts falling due within one year 6 350,915 124,737
NET CURRENT ASSETS 1,353,734 1,270,700
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,377,875

1,304,204

CREDITORS
Amounts falling due after more than one
year

7

-

37,000
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,377,875

1,267,204

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

1,252,875

1,142,204

MEMBERS' OTHER INTERESTS
Capital accounts 125,000 125,000
1,377,875 1,267,204

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 1,252,875 1,142,204
Members' other interests 125,000 125,000
1,377,875 1,267,204

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 2023.

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.

BDM Law LLP (Registered number: OC399298)

Balance Sheet - continued
30 April 2023


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 2 November 2023 and were signed by:





Bob Deering Limited - Designated member

BDM Law LLP (Registered number: OC399298)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

BDM Law LLP is registered in England and Wales. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on cost

Work in progress
Uninvoiced sales are valued in accordance with FRS5 and the guidance issued in UITF 40. Hence all
unbilled/incomplete time has been valued at fair value and reflects the time spend and the skills and expertise that have been provided.

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.

Taxation
Taxation on all of the LLP's profits are solely the personal liabilities of individual members. Consequently,
neither taxation nor related deferred taxation arising in the LLP are accounted for in these financial statements. Amounts retained for tax are treated in the same way as other profits of the LLP and so are included in members' other interest or in loans and other debts due to member's depending on whether or not division of profits has occurred.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 9 (2022 - 9 ) .

BDM Law LLP (Registered number: OC399298)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 May 2022 24,296 34,514 46,796 105,606
Additions - - 3,910 3,910
At 30 April 2023 24,296 34,514 50,706 109,516
DEPRECIATION
At 1 May 2022 14,047 20,054 38,001 72,102
Charge for year 2,564 3,615 7,094 13,273
At 30 April 2023 16,611 23,669 45,095 85,375
NET BOOK VALUE
At 30 April 2023 7,685 10,845 5,611 24,141
At 30 April 2022 10,249 14,460 8,795 33,504

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 568,789 454,544
VAT 4,429 -
Prepayments and accrued income 142,062 154,477
715,280 609,021

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 737 28,994
Social security and other taxes 5,000 -
VAT - 5,762
Other creditors 193,437 15,226
Accruals and deferred income 151,741 74,755
350,915 124,737

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors - 37,000

BDM Law LLP (Registered number: OC399298)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

8. LOANS AND OTHER DEBTS DUE TO MEMBERS
2023 2022
£    £   
Amounts owed to members in respect of profits 1,252,875 1,142,204

Falling due within one year 1,252,875 1,142,204

Loans and other debts due to members rank pari passu with unsecured creditors and may be set off against amounts due from members included in debtors. Members' other interest rank pari passu with unsecured creditors.

9. RELATED PARTY DISCLOSURES

The balance outstanding on interest free loans provided from companies with common directors / members and under common control, amounted to £183,364 Cr. (2022: £12,622 Cr.).