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REGISTERED NUMBER: 05112480 (England and Wales)




































FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2024

FOR

THE CHILDREN'S LEGAL PRACTICE LIMITED

THE CHILDREN'S LEGAL PRACTICE LIMITED (REGISTERED NUMBER: 05112480)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THE CHILDREN'S LEGAL PRACTICE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JULY 2024







DIRECTOR: Ms K Patel



SECRETARY: Ms K Patel



REGISTERED OFFICE: 4 The Gardens
Wallington
Fareham
Hampshire
PO16 8SS



REGISTERED NUMBER: 05112480 (England and Wales)



ACCOUNTANTS: Compass Accountants Limited
Chartered Accountants
Venture House
The Tanneries
East Street
Titchfield
Hampshire
PO14 4AR



BANKERS: Natwest Bank PLC
52 West Street
Fareham
Hampshire
PO16 0JX

THE CHILDREN'S LEGAL PRACTICE LIMITED (REGISTERED NUMBER: 05112480)

BALANCE SHEET
31ST JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,296 11,937

CURRENT ASSETS
Debtors 5 55,849 116,014
Cash at bank and in hand 282,779 446,716
338,628 562,730
CREDITORS
Amounts falling due within one year 6 84,982 131,071
NET CURRENT ASSETS 253,646 431,659
TOTAL ASSETS LESS CURRENT
LIABILITIES

262,942

443,596

PROVISIONS FOR LIABILITIES 2,325 1,890
NET ASSETS 260,617 441,706

CAPITAL AND RESERVES
Called up share capital 7 17 33
Capital redemption reserve 16 -
Other reserves (220,000 ) -
Retained earnings 480,584 441,673
SHAREHOLDERS' FUNDS 260,617 441,706

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

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

The director acknowledges her 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 Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 30th September 2024 and were signed by:





Ms K Patel - Director


THE CHILDREN'S LEGAL PRACTICE LIMITED (REGISTERED NUMBER: 05112480)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024


1. STATUTORY INFORMATION

The Children's Legal Practice 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.

Turnover
Turnover represents net invoiced work done, excluding VAT. Incomplete work, not billed at the year end has been included in accordance with the provisions of UITF 40: Revenue recognition.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 15% on reducing balance
Computer equipment - 33.3% on cost

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.

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.

THE CHILDREN'S LEGAL PRACTICE LIMITED (REGISTERED NUMBER: 05112480)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2024


2. ACCOUNTING POLICIES - continued

Basic financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, where there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

The company's financial assets and liabilities consist of cash and cash equivalents, short term investments, trade and other debtors, trade and other creditor, and accrued expenses. The fair value of these items approximates their carrying value due to their short term value. Unless otherwise noted, the company is not exposed to significant interest, foreign exchange or credit risks arising from these instruments.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Office Computer
equipment equipment Totals
£    £    £   
COST
At 1st August 2023 21,006 77,688 98,694
Additions 453 500 953
At 31st July 2024 21,459 78,188 99,647
DEPRECIATION
At 1st August 2023 14,635 72,122 86,757
Charge for year 1,024 2,570 3,594
At 31st July 2024 15,659 74,692 90,351
NET BOOK VALUE
At 31st July 2024 5,800 3,496 9,296
At 31st July 2023 6,371 5,566 11,937

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,263 18,933
Other debtors 51,586 97,081
55,849 116,014

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 62,398 116,731
Other creditors 22,584 14,340
84,982 131,071

THE CHILDREN'S LEGAL PRACTICE LIMITED (REGISTERED NUMBER: 05112480)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2024


7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary A £1 2 3
(2023 - 3 )
5 Ordinary D £1 5 10
(2023 - 10 )
10 Ordinary K £1 10 10
NIL Ordinary S £1 - 10
(2023 - 10 )
17 33