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REGISTERED NUMBER: OC339500 (England and Wales)















REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

EMD LAW LLP

EMD LAW LLP (REGISTERED NUMBER: OC339500)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


EMD LAW LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DESIGNATED MEMBERS: E M Dumbleton
C H E Dumbleton-Moore





REGISTERED OFFICE: Rose Cottage
4 Lime Terrace
High Street
Staplehurst
Kent
TN12 0AP





REGISTERED NUMBER: OC339500 (England and Wales)





ACCOUNTANTS: Ashdown Hurrey
Chartered Accountants & Business Advisers
20 Havelock Road
Hastings
East Sussex
TN34 1BP

EMD LAW LLP (REGISTERED NUMBER: OC339500)

REPORT OF THE MEMBERS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

The members present their report with the financial statements of the LLP for the year ended 30 September 2023.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of a South East law firm with offices in St Leonards and Staplehurst.

DESIGNATED MEMBERS
The designated members during the year under review were:

E M Dumbleton
C H E Dumbleton-Moore

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £84,790 (2022 - £76,588 profit).

MEMBERS' INTERESTS
Members are permitted to make drawings in anticipation of profits that are due to them after the consideration of the working capital requirements of the Limited Liability Partnership and other regulatory requirements.

The profits are shared between the members on a pre-agreed basis after taking into account many varying factors. Any transfers between members or members' accounts have been agreed by the relevant member involved.

Capital introduced from new members as subscribed capital and the repayment of the capital is set at the appointment date by agreement of the new member and the existing members. Capital introduced during the course of the business by existing members is due to be repaid in full with no interest charged to the Limited Liability Partnership.

ON BEHALF OF THE MEMBERS:





C H E Dumbleton-Moore - Designated member


26 November 2024

EMD LAW LLP (REGISTERED NUMBER: OC339500)

INCOME STATEMENT
FOR THE YEAR ENDED 30 SEPTEMBER 2023

30.9.23 30.9.22
Notes £    £   

TURNOVER 647,399 563,513

Cost of sales (373,724 ) (308,695 )
GROSS PROFIT 273,675 254,818

Administrative expenses (211,684 ) (183,128 )
61,991 71,690

Other operating income 3 500 15,568
OPERATING PROFIT 5 62,491 87,258

Interest receivable and similar income 41,567 5,512
104,058 92,770

Interest payable and similar expenses (19,268 ) (16,182 )
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION AND
PROFIT SHARES AVAILABLE FOR
DISCRETIONARY DIVISION AMONG
MEMBERS




84,790




76,588

EMD LAW LLP (REGISTERED NUMBER: OC339500)

BALANCE SHEET
30 SEPTEMBER 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 6 5,580 4,642

CURRENT ASSETS
Stocks 75,000 48,000
Debtors 7 294,993 279,511
Cash at bank and in hand 256 4,315
370,249 331,826
CREDITORS
Amounts falling due within one year 8 375,454 250,955
NET CURRENT (LIABILITIES)/ASSETS (5,205 ) 80,871
TOTAL ASSETS LESS CURRENT
LIABILITIES

375

85,513

CREDITORS
Amounts falling due after more than one year 9 59,876 90,172
NET LIABILITIES ATTRIBUTABLE TO
MEMBERS

(59,501

)

(4,659

)

LOANS AND OTHER DEBTS DUE TO
MEMBERS

-

-

MEMBERS' OTHER INTERESTS
Capital accounts (59,501 ) (4,659 )
(59,501 ) (4,659 )

TOTAL MEMBERS' INTERESTS
Members' other interests (59,501 ) (4,659 )

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 30 September 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.

EMD LAW LLP (REGISTERED NUMBER: OC339500)

BALANCE SHEET - continued
30 SEPTEMBER 2023


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

The financial statements were approved by the members of the LLP and authorised for issue on 26 November 2024 and were signed by:





C H E Dumbleton-Moore - Designated member

EMD LAW LLP (REGISTERED NUMBER: OC339500)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

EMD Law 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.

Going Concern
In preparing the financial statements, the designated members are required to make an assessment of the ability of the LLP to continue as a going concern. The designated members have considered all available evidence for the LLP which covers the 12 month period from the date of signing these financial statements.

On the basis of this consideration, the designated members are confident that the LLP has adequate resources to continue in operational existence and to meet its liabilities as they fall due for the foreseeable future. In reaching this conclusion they are satisfied that no material uncertainty exists. As a result of the above, the designated members have concluded that it remains appropriate to adopt a going concern basis of preparation in these financial statements and that no material uncertainty exists in reaching this conclusion.

Turnover
Turnover is measured at the fair value of the consideration received or receivable for the rendering of services in the ordinary course of the limited liability partnership's activities. Turnover is presented, net of value added tax, rebates and discounts.

The limited liability partnership recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and when specific criteria have been met for each of the limited liability partnership's activities as follows:

Revenue from the sale of services is recognised at the point which those services have been provided to the customer. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

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 - 15% on cost
Fixtures and fittings - 15% on cost
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.

EMD LAW LLP (REGISTERED NUMBER: OC339500)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

3. OTHER OPERATING INCOME
30.9.23 30.9.22
£    £   
Sundry receipts - 5,420
Government grants 500 10,148
500 15,568

The entity has received the following from the UK government in respect of COVID 19 grants and reliefs:

30.09.202330.09.2022

Interest settlement in respect of the Coronavirus Business Interruption Loan
Scheme (CBILS)

-


10,148

-10,148

There are no unfulfilled conditions or other contingencies attaching to any of the above amounts.

4. EMPLOYEE INFORMATION

The average number of employees during the year was 13 (2022 - 11 ) .

5. OPERATING PROFIT

The operating profit is stated after charging:

30.9.23 30.9.22
£    £   
Depreciation - owned assets 2,159 2,129

6. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 October 2022 57,782 6,500 441 64,723
Additions 250 - 2,847 3,097
At 30 September 2023 58,032 6,500 3,288 67,820
DEPRECIATION
At 1 October 2022 53,496 6,500 85 60,081
Charge for year 1,462 - 697 2,159
At 30 September 2023 54,958 6,500 782 62,240
NET BOOK VALUE
At 30 September 2023 3,074 - 2,506 5,580
At 30 September 2022 4,286 - 356 4,642

EMD LAW LLP (REGISTERED NUMBER: OC339500)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 284,306 232,679
Other debtors 10,687 46,832
294,993 279,511

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans and overdrafts 138,197 50,916
Trade creditors 5,306 6,538
Social security and other taxes 24,641 10,519
VAT 159,273 135,631
Other creditors 39,967 39,525
Accrued expenses 8,070 7,826
375,454 250,955

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans - 1-2 years 34,518 30,296
Bank loans - 2-5 years 25,358 59,876
59,876 90,172

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.9.23 30.9.22
£    £   
Within one year - 483

11. SECURED DEBTS

HSBC Bank PLC holds a fixed and floating charge dated 9 October 2008 over the undertaking and all property and assets present and future, including goodwill, book debts, uncalled capital, buildings, fixtures, fixed plant and machinery. This charge relates to all monies due or to become due from the limited liability partnership to the chargee on any account whatsoever.

12. RELATED PARTY DISCLOSURES

EMD Law LLP has a corporate member, EMD South East Limited. Mrs E Dumbleton is a director and 75% shareholder in the company.The company was dissolved at Companies House on 3 May 2022.