2023-04-01 OC353099 2024-03-31 OC353099 2023-04-01 2024-03-31 OC353099 2023-03-31 OC353099 2022-04-01 2023-03-31 OC353099 uk-core:WithinOneYear 2023-03-31 OC353099 uk-core:WithinOneYear 2024-03-31 OC353099 uk-core:AfterOneYear 2023-03-31 OC353099 uk-core:AfterOneYear 2024-03-31 OC353099 uk-bus:PartnerLLP1 2023-04-01 2024-03-31 OC353099 uk-core:ComputerEquipment 2023-04-01 2024-03-31 OC353099 uk-core:FurnitureFittings 2023-04-01 2024-03-31 OC353099 uk-core:ComputerEquipment 2023-03-31 OC353099 uk-core:FurnitureFittings 2023-03-31 OC353099 uk-core:FurnitureFittings 2024-03-31 OC353099 uk-core:ComputerEquipment 2024-03-31 OC353099 uk-core:WithinOneYear 2024-03-31 OC353099 uk-core:WithinOneYear 2023-03-31 OC353099 uk-core:AfterOneYear uk-core:Secured 2023-03-31 OC353099 uk-core:AfterOneYear uk-core:Secured 2024-03-31 iso4217:GBP xbrli:pure OC353099 uk-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 OC353099 uk-bus:FRS102 2023-04-01 2024-03-31 OC353099 uk-bus:FilletedAccounts 2023-04-01 2024-03-31 OC353099 uk-bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31
Nelson Legal LLP
Registered Number:OC353099
For the year ended 31 March 2024
England and Wales
Report of the Members and Unaudited Financial Statements
2
For the year ended 31 March 2024
Nelson Legal LLP
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
OC353099
Registered Number :
As at 31 March 2024
Nelson Legal LLP
Statement of Financial Position
2023
£
£
2024
Notes
Fixed assets
Property, plant and equipment
1,095
1,288
3
1,095
1,288
Current assets
Trade and other receivables
109,142
112,671
4
2,853
11,891
Cash and cash equivalents
115,524
121,033
Trade and other payables: amounts falling due within one
year
(100,027)
(104,603)
5
21,006
10,921
Net current assets
Total assets less current liabilities
12,016
22,294
Trade and other payables: amounts falling due after more
than one year
(21,667)
(11,667)
6
349
Net assets attributable to members
627
Members' other interests
Other reserves
349
627
349
627
349
627
Total members' interests
Members' other interests
349
627
349
627
For the year ended 31 March 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to small LLPs.
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 affair of the LLP as at the end of each
financial year and of its profit or loss for each 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
Liabilities Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to the
financial statements, so far as applicable to the LLP
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements are prepared in accordance with the provisions applicable to LLP's subject to the small LLP's regime.
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OC353099
Registered Number :
For the year ended 31 March 2024
Nelson Legal LLP
Statement of Financial Position Continued
Giles NelsonDesignated Member
These financial statements were approved by the members on 22 November 2024 and signed on their behalf by:
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5
For the year ended 31 March 2024
Nelson Legal LLP
Notes to the Financial Statements
1. Accounting policies
Statutory Information
Nelson Legal LLP is a limited liability partnership, domiciled in England and Wales, registration number OC353099.
Registered address:
Corona Buildings
Wood Road
Kingswood
Bristol
BS15 8DT
The presentation currency is £ sterling.
Basis of preparation
The report and financial statements for the year ended 31 March 2024 have been prepared under the historical cost
convention and in accordance with the Section 1A of Financial Reporting Standard 102 'The Financial Reporting
Standard applicable in the UK and Republic of Ireland' and the Statement of Recommended Practice "Accounting by
Limited Liability Partnerships".
Turnover
Turnover comprises the value of sales (excluding VAT and similar taxes and trade discounts) of goods and services in the normal course of business. An appropriate amount is included in turnover for income due on cases that have not concluded at the balance sheet date but have reached a stage where there is sufficient progress to ensure the recoverability of fee income.
Depreciation of tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25% Straight line
Computer equipment
15% Reducing balance
Fixtures and fittings
Leasing and hire purchase commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2. Interest payable and similar charges
2024
2023
£
£
Interest payable on bank borrowing
685
927
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For the year ended 31 March 2024
Nelson Legal LLP
Notes to the Financial Statements Continued
3. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
£
£
£
Cost or
valuation
At 01 April 2023
15,116
6,082
9,034
At 31 March 2024
9,034
6,082
15,116
Provision for depreciation and impairment
At 01 April 2023
13,828
6,079
7,749
Charge for year
193
-
193
At 31 March 2024
14,021
6,079
7,942
At 31 March 2024
Net book value
1,092
3
1,095
At 31 March 2023
1,285
3
1,288
4. Trade and other receivables
2024
2023
£
£
Trade debtors
2,511
6,252
Prepayments & accrued income
109,960
102,690
Other debtors
200
200
112,671
109,142
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
10,000
10,000
Bank loans and overdraft
1,981
214
Trade creditors
81,573
75,484
Taxation and social security
12,816
12,562
104,603
100,027
6. Trade and other payables: amounts falling due after more than one year
2024
2023
£
£
21,667
11,667
Bank loans and overdraft
7. Average number of persons employed
During the year the average number of employees was 0
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For the year ended 31 March 2024
Nelson Legal LLP
Notes to the Financial Statements Continued
8. Related party transactions
Nelson Legal U.K. Ltd
The LLP received legal services from Nelson Legal U.K. Ltd during the year amounting to £276,750 (2023:
£298,000) which are included within Cost of Sales.
The amount oustanding at the balance sheet date was £80,656 (2023: £74,736).
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