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REGISTERED NUMBER: OC331115 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

De Maid Solicitors and Advocates LLP

De Maid Solicitors and Advocates LLP (Registered number: OC331115)






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


De Maid Solicitors and Advocates LLP

General Information
for the Year Ended 31 March 2024







DESIGNATED MEMBERS: De Maids Limited
M De Maid
Ms S De Maid





REGISTERED OFFICE: 2 Park Court Mews
Park Place
Cardiff
CF10 3DQ





REGISTERED NUMBER: OC331115 (England and Wales)





ACCOUNTANTS: DHB Accountants Limited
Chartered Accountants
Statutory Auditors
110 Whitchurch Road
Cardiff
CF14 3LY

De Maid Solicitors and Advocates LLP (Registered number: OC331115)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 49,428 73,995

CURRENT ASSETS
Debtors 5 36,629 10,117
Cash at bank and in hand 364,411 306,996
401,040 317,113
CREDITORS
Amounts falling due within one year 6 103,096 62,349
NET CURRENT ASSETS 297,944 254,764
TOTAL ASSETS LESS CURRENT
LIABILITIES

347,372

328,759

CREDITORS
Amounts falling due after more than one
year

7

52,164

65,514
NET ASSETS ATTRIBUTABLE TO
MEMBERS

295,208

263,245

LOANS AND OTHER DEBTS DUE TO
MEMBERS

295,208

263,245

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 295,208 263,245

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.

De Maid Solicitors and Advocates LLP (Registered number: OC331115)

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 7 August 2024 and were signed by:




M De Maid - Designated member




Ms S De Maid - Designated member


De Maid Solicitors and Advocates LLP (Registered number: OC331115)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

De Maid Solicitors and Advocates 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on cost

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEE INFORMATION

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

De Maid Solicitors and Advocates LLP (Registered number: OC331115)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 122,455
DEPRECIATION
At 1 April 2023 48,460
Charge for year 24,567
At 31 March 2024 73,027
NET BOOK VALUE
At 31 March 2024 49,428
At 31 March 2023 73,995

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 97,100
DEPRECIATION
At 1 April 2023 24,275
Charge for year 24,275
At 31 March 2024 48,550
NET BOOK VALUE
At 31 March 2024 48,550
At 31 March 2023 72,825

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 36,629 10,117

De Maid Solicitors and Advocates LLP (Registered number: OC331115)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 13,350 13,350
Trade creditors 50,053 15,493
Taxation and social security 27,430 25,470
Other creditors 12,263 8,036
103,096 62,349

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 52,164 65,514