REGISTERED NUMBER: |
COLDHAM SHIELD & MACE SOLICITORS LLP |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MAY 2023 |
REGISTERED NUMBER: |
COLDHAM SHIELD & MACE SOLICITORS LLP |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MAY 2023 |
COLDHAM SHIELD & MACE SOLICITORS LLP (REGISTERED NUMBER: OC364872) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MAY 2023 |
Page |
General Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
COLDHAM SHIELD & MACE SOLICITORS LLP |
GENERAL INFORMATION |
FOR THE YEAR ENDED 31ST MAY 2023 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
t/as Findlay Wetherfield Scott & Co |
Chartered Accountants |
137, Station Road, |
Chingford, |
London |
E4 6AG |
BANKERS: |
88, Station Road, |
Chingford, |
London, |
E4 7BA |
COLDHAM SHIELD & MACE SOLICITORS LLP (REGISTERED NUMBER: OC364872) |
BALANCE SHEET |
31ST MAY 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
CURRENT ASSETS |
Stocks |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
53,632 |
123,800 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
9 |
53,632 |
123,800 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 9 | 53,632 | 123,800 |
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. |
COLDHAM SHIELD & MACE SOLICITORS LLP (REGISTERED NUMBER: OC364872) |
BALANCE SHEET - continued |
31ST MAY 2023 |
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 |
COLDHAM SHIELD & MACE SOLICITORS LLP (REGISTERED NUMBER: OC364872) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MAY 2023 |
1. | STATUTORY INFORMATION |
Coldham Shield & Mace Solicitors 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 |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Goodwill |
Goodwill, being the amount paid in connection with the acquisition of the former partnership business in 2011, is not being amortised as the value has not diminished during the period. |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
Tangible fixed assets |
Short leasehold | - |
Fixtures and fittings | - |
Computer equipment | - |
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. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
Cost |
At 1st June 2022 |
and 31st May 2023 |
Net book value |
At 31st May 2023 |
At 31st May 2022 |
COLDHAM SHIELD & MACE SOLICITORS LLP (REGISTERED NUMBER: OC364872) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MAY 2023 |
5. | TANGIBLE FIXED ASSETS |
Fixtures |
Short | and | Computer |
leasehold | fittings | equipment | Totals |
£ | £ | £ | £ |
Cost |
At 1st June 2022 |
and 31st May 2023 |
Depreciation |
At 1st June 2022 |
Charge for year |
At 31st May 2023 |
Net book value |
At 31st May 2023 |
At 31st May 2022 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Loans |
Social security and other taxes |
VAT | 7,689 | 83,533 |
Other creditors |
Amount due to former partner | 15,370 | 15,370 |
Accrued expenses |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2023 | 2022 |
£ | £ |
Loans | 39,859 | 45,000 |
Other loans - 2-5 years | - | 28,297 |
Other creditors | 28,208 | 28,208 |
Included within other creditors due after more than one year are sums due to former partners of Coldham Shield & Mace, which will be repaid over a period of time which is still to be determined. |
9. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
All amounts due to creditors will be settled prior to clearing loans and other debts due to members. |