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REGISTERED NUMBER: OC350702 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

RATIO LAW SOLICITORS LLP

RATIO LAW SOLICITORS LLP (REGISTERED NUMBER: OC350702)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


RATIO LAW SOLICITORS LLP (REGISTERED NUMBER: OC350702)

ABRIDGED BALANCE SHEET
30 APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,491 10,368

CURRENT ASSETS
Debtors 43,488 49,704
Cash at bank and in hand 144,400 119,076
187,888 168,780
CREDITORS
Amounts falling due within one year 25,540 27,554
NET CURRENT ASSETS 162,348 141,226
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

170,839

151,594

LOANS AND OTHER DEBTS DUE TO
MEMBERS

5

170,839

151,594

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 5 170,839 151,594

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.

RATIO LAW SOLICITORS LLP (REGISTERED NUMBER: OC350702)

ABRIDGED 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 April 2023 in accordance with Section 444(2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

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 and authorised for issue by the members of the LLP and authorised for issue on 18 January 2024 and were signed by:




Ms G B Alberici - Designated member




Ms J M P Norris - Designated member


RATIO LAW SOLICITORS LLP (REGISTERED NUMBER: OC350702)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1. STATUTORY INFORMATION

Ratio Law Solicitors LLP is registered in England and Wales. The LLP's registered number and registered office address are as below:

Registered number: OC350702

Registered office: Fabric
30 Queen Street
Lincoln Square
Manchester
M2 5HX

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.
Plant and machinery etc - 33% on cost and 25% on cost

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 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.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 4 (2022 - 5 ) .

RATIO LAW SOLICITORS LLP (REGISTERED NUMBER: OC350702)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2022 45,956
Additions 1,946
At 30 April 2023 47,902
DEPRECIATION
At 1 May 2022 35,588
Charge for year 3,823
At 30 April 2023 39,411
NET BOOK VALUE
At 30 April 2023 8,491
At 30 April 2022 10,368

5. LOANS AND OTHER DEBTS DUE TO MEMBERS
2023 2022
£    £   
Amounts owed to members in respect of profits 170,839 151,594

Falling due within one year 170,839 151,594

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