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REGISTERED NUMBER: OC305935 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

KINGSLEY SMITH SOLICITORS LLP

KINGSLEY SMITH SOLICITORS LLP (REGISTERED NUMBER: OC305935)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KINGSLEY SMITH SOLICITORS LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DESIGNATED MEMBERS: N M Kingsley-Smith
Mrs E Kingsley-Smith





REGISTERED OFFICE: The Joiners Shop
The Historic Dockyard
Chatham
Kent
ME4 4TZ





REGISTERED NUMBER: OC305935 (England and Wales)





ACCOUNTANTS: Carleys
Second Floor South
The Fitted Rigging House
The Historic Dockyard
Chatham
Kent
ME4 4TZ

KINGSLEY SMITH SOLICITORS LLP (REGISTERED NUMBER: OC305935)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 55,778 73,775

CURRENT ASSETS
Debtors 5 275,035 275,886
Cash at bank and in hand 283,214 393,861
558,249 669,747
CREDITORS
Amounts falling due within one year 6 245,707 375,691
NET CURRENT ASSETS 312,542 294,056
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

368,320

367,831

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

218,320

217,831

MEMBERS' OTHER INTERESTS
Capital accounts 150,000 150,000
368,320 367,831

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 218,320 217,831
Members' other interests 150,000 150,000
368,320 367,831

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 31 March 2024.

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.

KINGSLEY SMITH SOLICITORS LLP (REGISTERED NUMBER: OC305935)

BALANCE SHEET - continued
31 MARCH 2024


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 25 October 2024 and were signed by:





Mrs E Kingsley-Smith - Designated member

KINGSLEY SMITH SOLICITORS LLP (REGISTERED NUMBER: OC305935)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Kingsley Smith 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.

Revenue recognition
Revenue in respect of professional services is recognised by reference to the fair value of the services provided at the balance sheet date as a proportion of the total value of the engagement. Unbilled revenue is included within debtors as accrued income.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance, 15% on reducing balance, Straight line over 3 years, Straight line over 5 years and Straight line over 10 years

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.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 6 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 21,109 226,639 247,748
Additions - 1,665 1,665
At 31 March 2024 21,109 228,304 249,413
DEPRECIATION
At 1 April 2023 21,109 152,864 173,973
Charge for year - 19,662 19,662
At 31 March 2024 21,109 172,526 193,635
NET BOOK VALUE
At 31 March 2024 - 55,778 55,778
At 31 March 2023 - 73,775 73,775

KINGSLEY SMITH SOLICITORS LLP (REGISTERED NUMBER: OC305935)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 232,832 243,001
Other debtors 42,203 32,885
275,035 275,886

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 18,875 15,299
Other creditors 226,832 360,392
245,707 375,691

Included in other creditors is client ledger balances totalling £210,497 (2023: £325,203).

7. LOANS AND OTHER DEBTS DUE TO MEMBERS
2024 2023
£    £   
Amounts owed to members in respect of profits 218,320 217,831

Falling due within one year 218,320 217,831

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up. There is no provision for specific legally enforceable protection afforded to creditors in such an event. There are no restrictions or limitations on the ability of the members to reduce the amount of Members other interests.

8. ULTIMATE CONTROLLING PARTY

No one person controls the LLP.