IRIS Accounts Production v24.3.2.46 OC375646 designated member designated member 1.7.23 30.6.24 30.6.24 false true false false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhOC3756462023-06-30OC3756462024-06-30OC3756462023-07-012024-06-30OC3756462022-06-30OC3756462022-07-012023-06-30OC3756462023-06-30OC375646ns15:EnglandWales2023-07-012024-06-30OC375646ns14:PoundSterling2023-07-012024-06-30OC375646ns10:PartnerLLP12023-07-012024-06-30OC375646ns10:PartnerLLP22023-07-012024-06-30OC375646ns10:LimitedLiabilityPartnershipLLP2023-07-012024-06-30OC375646ns10:SmallEntities2023-07-012024-06-30OC375646ns10:AuditExemptWithAccountantsReport2023-07-012024-06-30OC375646ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-30OC375646ns10:LimitedLiabilityPartnershipsSORP2023-07-012024-06-30OC375646ns10:FullAccounts2023-07-012024-06-30OC37564612023-07-012024-06-30OC375646ns10:RegisteredOffice2023-07-012024-06-30OC375646ns5:CurrentFinancialInstruments2024-06-30OC375646ns5:CurrentFinancialInstruments2023-06-30OC375646ns5:Non-currentFinancialInstruments2024-06-30OC375646ns5:Non-currentFinancialInstruments2023-06-30OC375646ns5:NetGoodwill2023-07-012024-06-30OC375646ns5:PlantMachinery2023-07-012024-06-30OC375646ns5:NetGoodwill2023-06-30OC375646ns5:NetGoodwill2024-06-30OC375646ns5:NetGoodwill2023-06-30OC375646ns5:PlantMachinery2023-06-30OC375646ns5:PlantMachinery2024-06-30OC375646ns5:PlantMachinery2023-06-30OC375646ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-30OC375646ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-30
REGISTERED NUMBER: OC375646 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Jepson Longstaff Midgley Solicitors LLP

Jepson Longstaff Midgley Solicitors LLP (Registered number: OC375646)






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




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Jepson Longstaff Midgley Solicitors LLP

General Information
for the Year Ended 30 June 2024







DESIGNATED MEMBERS: Mrs B M Field
Mrs H Pearson





REGISTERED OFFICE: Wesley House
1 Lora Courtyard
Wykeham
Scarborough
North Yorkshire
YO13 9QP





REGISTERED NUMBER: OC375646 (England and Wales)





ACCOUNTANTS: Asquith Accountants Ltd
Rowan House
7 West Bank
SCARBOROUGH
North Yorkshire
YO12 4DX

Jepson Longstaff Midgley Solicitors LLP (Registered number: OC375646)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 441 1,599
Investment property 6 65,000 65,000
65,441 66,599

CURRENT ASSETS
Debtors 7 178,069 161,019
Cash at bank and in hand 17,260 38,560
195,329 199,579
CREDITORS
Amounts falling due within one year 8 208,181 138,242
NET CURRENT (LIABILITIES)/ASSETS (12,852 ) 61,337
TOTAL ASSETS LESS CURRENT
LIABILITIES

52,589

127,936

CREDITORS
Amounts falling due after more than one
year

9

38,544

80,060
NET ASSETS ATTRIBUTABLE TO
MEMBERS

14,045

47,876

LOANS AND OTHER DEBTS DUE TO
MEMBERS

11

14,045

47,876

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 11 14,045 47,876

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 June 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.

Jepson Longstaff Midgley Solicitors LLP (Registered number: OC375646)

Balance Sheet - continued
30 June 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 18 December 2024 and were signed by:




Mrs H Pearson - Designated member




Mrs B M Field - Designated member


Jepson Longstaff Midgley Solicitors LLP (Registered number: OC375646)

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

1. STATUTORY INFORMATION

Jepson Longstaff Midgley Solicitors 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 represents net billed professional costs, excluding Value Added Tax. Turnover in respect of contingent fee assignments is only recognised when the contingent fee occurs, and collectability of the fee is assured. Unbilled turnover client assignments is included as amounts recoverable on contracts within debtors.

Goodwill
Purchased goodwill has been fully amortised over its useful economic life of ten years

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 etc - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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.

Taxation
The taxation payable on the partnership profits is the personal liability of the members, and consequently partnership taxation is not accounted for in the financial statements.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 18 (2023 - 17 ) .

Jepson Longstaff Midgley Solicitors LLP (Registered number: OC375646)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 60,359
AMORTISATION
At 1 July 2023
and 30 June 2024 60,359
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 42,981
DEPRECIATION
At 1 July 2023 41,382
Charge for year 1,158
At 30 June 2024 42,540
NET BOOK VALUE
At 30 June 2024 441
At 30 June 2023 1,599

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 65,000
NET BOOK VALUE
At 30 June 2024 65,000
At 30 June 2023 65,000

Jepson Longstaff Midgley Solicitors LLP (Registered number: OC375646)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 88,362 71,743
Amounts recoverable on contract 85,000 85,000
Other debtors 4,707 4,276
178,069 161,019

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 72,505 29,214
Taxation and social security 61,794 61,627
Other creditors 73,882 47,401
208,181 138,242

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Other creditors 38,544 80,060

10. SECURED DEBTS

The bank loan is secured by a fixed and floating charge over all assets of the LLP.

11. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up. There is no provision for specific legally enforceable protection afforded to creditors in such an event. There are no restrictions or limitations on the ability of the members to reduce the amount of ‘Members’ other interests'.

Jepson Longstaff Midgley Solicitors LLP

Report of the Accountants to the Members of
Jepson Longstaff Midgley Solicitors LLP

The following reproduces the text of the report prepared for the members in respect of the LLP's annual unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Members are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 June 2024 set out on pages two to six and you consider that the LLP is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Asquith Accountants Ltd
Rowan House
7 West Bank
SCARBOROUGH
North Yorkshire
YO12 4DX


18 December 2024