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REGISTERED NUMBER: OC364872 (England and Wales)














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: J Kayani
S R Stride
Y Dalvi



REGISTERED OFFICE: 123 - 125, Station Road,
Chingford,
London,
E4 6AG



REGISTERED NUMBER: OC364872 (England and Wales)



ACCOUNTANTS: Cobbin Floyd Ltd
t/as Findlay Wetherfield Scott & Co
Chartered Accountants
137, Station Road,
Chingford,
London
E4 6AG



BANKERS: National Westminster Bank plc.,
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 33,750 33,750
Tangible assets 5 8,080 9,426
41,830 43,176

CURRENT ASSETS
Stocks 154,500 209,394
Debtors 6 87,227 100,776
Cash at bank and in hand 1,254 65,010
242,981 375,180
CREDITORS
Amounts falling due within one year 7 163,112 193,051
NET CURRENT ASSETS 79,869 182,129
TOTAL ASSETS LESS CURRENT
LIABILITIES

121,699

225,305

CREDITORS
Amounts falling due after more than one
year

8

68,067

101,505
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 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 31st May 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.

COLDHAM SHIELD & MACE SOLICITORS LLP (REGISTERED NUMBER: OC364872)

BALANCE SHEET - continued
31ST MAY 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 Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 19th January 2024 and were signed by:




J Kayani - Designated member




S R Stride - Designated member


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
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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - in accordance with the property
Fixtures and fittings - 10% on reducing balance
Computer equipment - 33% on cost

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 9 (2022 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
Cost
At 1st June 2022
and 31st May 2023 33,750
Net book value
At 31st May 2023 33,750
At 31st May 2022 33,750

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 1,284 110,486 131,986 243,756
Depreciation
At 1st June 2022 1,283 101,062 131,985 234,330
Charge for year - 1,346 - 1,346
At 31st May 2023 1,283 102,408 131,985 235,676
Net book value
At 31st May 2023 1 8,078 1 8,080
At 31st May 2022 1 9,424 1 9,426

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 87,227 100,776

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Loans 86,239 45,000
Social security and other taxes 1,601 2,471
VAT 7,689 83,533
Other creditors 492 104
Amount due to former partner 15,370 15,370
Accrued expenses 51,721 46,573
163,112 193,051

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
68,067 101,505

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.