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REGISTERED NUMBER: 05759327 (England and Wales)















Unaudited Financial Statements for the Year Ended 27 February 2024

for

Law Brothers Limited

Law Brothers Limited (Registered number: 05759327)

Contents of the Financial Statements
for the Year Ended 27 February 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


Law Brothers Limited

Company Information
for the Year Ended 27 February 2024







DIRECTOR: Mr J D Wilson



REGISTERED OFFICE: Queen Street Chambers
68 Queen Street
Sheffield
South Yorkshire
S1 1WR



REGISTERED NUMBER: 05759327 (England and Wales)



ACCOUNTANTS: Landin Wilcock & Co
Chartered Accountants
68 Queen Street
Sheffield
South Yorkshire
S1 1WR



BANKERS: Santander UK Plc
Bridle Road
Bootle
Merseyside
L30 4GB



SOLICITORS: Irwin Mitchell LLP
Riverside East
2 Millsands
Sheffield
South Yorkshire
S3 8DT

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Law Brothers Limited


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

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Law Brothers Limited for the year ended 27 February 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Law Brothers Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Law Brothers Limited and state those matters that we have agreed to state to the director of Law Brothers Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Law Brothers Limited and its director for our work or for this report.

It is your duty to ensure that Law Brothers Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Law Brothers Limited. You consider that Law Brothers Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Law Brothers Limited. 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.






Landin Wilcock & Co
Chartered Accountants
68 Queen Street
Sheffield
South Yorkshire
S1 1WR


12 September 2024

Law Brothers Limited (Registered number: 05759327)

Balance Sheet
27 February 2024

27/2/24 27/2/23
Notes £    £   
FIXED ASSETS
Investments 4 3,200,000 3,200,000

CREDITORS
Amounts falling due within one year 5 (1,281,242 ) (1,202,262 )
NET CURRENT LIABILITIES (1,281,242 ) (1,202,262 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,918,758 1,997,738

CREDITORS
Amounts falling due after more than one
year

6

(212,758

)

(291,738

)
NET ASSETS 1,706,000 1,706,000

CAPITAL AND RESERVES
Called up share capital 500 500
Capital redemption reserve 1,705,500 1,705,500
SHAREHOLDERS' FUNDS 1,706,000 1,706,000

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 27 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 27 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company 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 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 September 2024 and were signed by:





Mr J D Wilson - Director


Law Brothers Limited (Registered number: 05759327)

Notes to the Financial Statements
for the Year Ended 27 February 2024


1. STATUTORY INFORMATION

Law Brothers Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Law Brothers Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Law Brothers Limited (Registered number: 05759327)

Notes to the Financial Statements - continued
for the Year Ended 27 February 2024


2. ACCOUNTING POLICIES - continued

Going concern
The accounts have been prepared on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 28 February 2023
and 27 February 2024 3,200,000
NET BOOK VALUE
At 27 February 2024 3,200,000
At 27 February 2023 3,200,000

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Law Brothers (Tours) Limited
Registered office: Queen Street Chambers, 68 Queen Street, Sheffield, S1 1WR
Nature of business: Property rental
%
Class of shares: holding
Ordinary 100.00

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
27/2/24 27/2/23
£    £   
Bank loans and overdrafts 78,031 75,976
Amounts owed to group undertakings 1,200,661 1,123,766
Other creditors 2,550 2,520
1,281,242 1,202,262

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
27/2/24 27/2/23
£    £   
Bank loans 212,758 291,738

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 23,769 47,443

Law Brothers Limited (Registered number: 05759327)

Notes to the Financial Statements - continued
for the Year Ended 27 February 2024


7. SECURED DEBTS

The following secured debts are included within creditors:

27/2/24 27/2/23
£    £   
Bank loans 290,789 367,714

The bank loans are secured over the property held in Law Brothers (Tours) Limited.