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REGISTERED NUMBER: OC340853 (England and Wales)














S P LAW LLP

Unaudited Financial Statements

for the Year Ended 30 March 2024






S P LAW LLP (REGISTERED NUMBER: OC340853)

Contents of the Financial Statements
for the Year Ended 30 March 2024










Page

General Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 5


S P LAW LLP

General Information
for the Year Ended 30 March 2024







Designated members: Mr S Patel
Mr H R Shah





Registered office: 8 Spencer Parade
Northampton
Northamptonshire
NN1 5AA





Registered number: OC340853 (England and Wales)





Accountants: Cobley Desborough
Chartered Certified Accountants
Chartered Tax Advisers
Artisans' House
7 Queensbridge
Northampton
Northamptonshire
NN4 7BF

S P LAW LLP (REGISTERED NUMBER: OC340853)

Balance Sheet
30 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,100,970 992,494

CURRENT ASSETS
Debtors 5 112,646 -
Cash at bank 12,310 244,910
124,956 244,910
CREDITORS
Amounts falling due within one year 6 446,617 6,672
NET CURRENT (LIABILITIES)/ASSETS (321,661 ) 238,238
TOTAL ASSETS LESS CURRENT
LIABILITIES

779,309

1,230,732

CREDITORS
Amounts falling due after more than
one year

7

477,499

941,613
NET ASSETS ATTRIBUTABLE TO
MEMBERS

301,810

289,119

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

301,810

289,119

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 301,810 289,119

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 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.

S P LAW LLP (REGISTERED NUMBER: OC340853)

Balance Sheet - continued
30 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 13 October 2024 and were signed by:





Mr H R Shah - Designated member

S P LAW LLP (REGISTERED NUMBER: OC340853)

Notes to the Financial Statements
for the Year Ended 30 March 2024


1. STATUTORY INFORMATION

S P 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.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2023 - 2 ).

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
Cost
At 31 March 2023 992,494
Additions 108,476
At 30 March 2024 1,100,970
Net book value
At 30 March 2024 1,100,970
At 30 March 2023 992,494

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 112,646 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 5,671
Other creditors 446,617 1,001
446,617 6,672

S P LAW LLP (REGISTERED NUMBER: OC340853)

Notes to the Financial Statements - continued
for the Year Ended 30 March 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 477,499 941,613

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

All creditors are secured on assets and therefore rank ahead of members.