Registered Number:OC353099 |
For the year ended 31 March 2024
England and Wales
Report of the Members and Unaudited Financial Statements
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
Nelson Legal LLP
Statement of Financial Position
2023
2024
Property, plant and equipment |
1,095
1,288
3
1,095
1,288
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
349
627
349
627
349
627
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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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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For the year ended 31 March 2024
Nelson Legal LLP
Notes to the Financial Statements
Statutory Information
Nelson Legal LLP is a limited liability partnership, domiciled in England and Wales, registration number OC353099. |
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: |
Computer equipment
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 |
15,116
6,082
9,034
9,034
6,082
15,116
Provision for depreciation and impairment |
13,828
6,079
7,749
Charge for year
193
-
193
14,021
6,079
7,942
1,092
3
1,095
1,285
3
1,288
4. Trade and other receivables |
2024
2023
2,511
6,252
Prepayments & accrued income |
109,960
102,690
200
200
112,671
109,142
5. Trade and other payables: amounts falling due within one year |
2023
2024
10,000
10,000
1,981
214
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
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 |
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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