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REGISTERED NUMBER: 07484354 (England and Wales)
















Financial Statements

for the Year Ended 31 March 2024

for

Leeper Prosser Solicitors Limited

Leeper Prosser Solicitors Limited (Registered number: 07484354)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 5


Leeper Prosser Solicitors Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs T L C Leeper
Mrs C A Maynard
R Haghighat





REGISTERED OFFICE: 40 High Street
Stonehouse
Gloucestershire
GL10 2NA





REGISTERED NUMBER: 07484354 (England and Wales)





ACCOUNTANTS: GCSD Accountants Limited
701 Stonehouse Park
Sperry Way
Stonehouse
Gloucestershire
GL10 3UT

Leeper Prosser Solicitors Limited

Report of the Accountants to the Directors of
Leeper Prosser Solicitors Limited


The following reproduces the text of the report prepared for the directors 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 Report of the Directors 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 and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements and state those matters that we have agreed to state to the Board of Directors, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that the Company 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. You consider that the Company 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 the Company. 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.






GCSD Accountants Limited


18 September 2024

Leeper Prosser Solicitors Limited (Registered number: 07484354)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,581 13,927

CURRENT ASSETS
Debtors 5 215,887 149,136
Cash at bank and in hand 111,118 68,610
327,005 217,746
CREDITORS
Amounts falling due within one year 6 153,349 101,483
NET CURRENT ASSETS 173,656 116,263
TOTAL ASSETS LESS CURRENT LIABILITIES 185,237 130,190

PROVISIONS FOR LIABILITIES 1,138 2,022
NET ASSETS 184,099 128,168

Leeper Prosser Solicitors Limited (Registered number: 07484354)

Balance Sheet - continued
31 March 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 1 1
Share premium 24,999 24,999
Capital redemption reserve 1 1
Retained earnings 159,098 103,167
SHAREHOLDERS' FUNDS 184,099 128,168

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2024 and were signed on its behalf by:



Mrs T L C Leeper - Director Mrs C A Maynard - Director



R Haghighat - Director


Leeper Prosser Solicitors Limited (Registered number: 07484354)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Leeper Prosser Solicitors 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.

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.

Turnover
Turnover represents the fair value of services provided during the year on client assignments. Fair value reflects the amount expected to be recoverable from clients based on time spent, skills provided and expenses incurred, and excludes VAT. Turnover is recognised as contract activity progresses and the right to consideration is secured, except where the final outcome cannot be assessed with reasonable certainty.

Turnover in respect of contingent fee assignments is recognised in the period when the contingent event occurs and collectability of the fee is assured.

Unbilled fee income on individual assignments is included as amounts recoverable on contracts within debtors.

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 - 10% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Leeper Prosser Solicitors Limited (Registered number: 07484354)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


2. ACCOUNTING POLICIES - continued
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.

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 company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 17 ) .

Leeper Prosser Solicitors Limited (Registered number: 07484354)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 9,730 29,755 14,080 53,565
Additions 2,405 598 1,050 4,053
At 31 March 2024 12,135 30,353 15,130 57,618
DEPRECIATION
At 1 April 2023 3,892 22,622 13,124 39,638
Charge for year 1,214 4,387 798 6,399
At 31 March 2024 5,106 27,009 13,922 46,037
NET BOOK VALUE
At 31 March 2024 7,029 3,344 1,208 11,581
At 31 March 2023 5,838 7,133 956 13,927

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 105,196 35,781
Amounts recoverable on contract 50,858 51,024
Other debtors 59,833 62,331
215,887 149,136

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 140,340 89,335
Other creditors 13,009 12,148
153,349 101,483

Leeper Prosser Solicitors Limited (Registered number: 07484354)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 33,795 33,795
Between one and five years 127,461 131,256
In more than five years 30,000 60,000
191,256 225,051

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mrs T L C Leeper
Balance outstanding at start of year 425 (354 )
Amounts advanced - 779
Amounts repaid (3,509 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (3,084 ) 425