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REGISTERED NUMBER: OC360274 (England and Wales)









WILDINGS SOLICITORS LLP

REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 NOVEMBER 2023 TO 31 MARCH 2024






WILDINGS SOLICITORS LLP (REGISTERED NUMBER: OC360274)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 NOVEMBER 2023 TO 31 MARCH 2024




Page

General Information 1

Report of the Members 2

Profit and Loss Account 4

Balance Sheet 5

Notes to the Financial Statements 7


WILDINGS SOLICITORS LLP

GENERAL INFORMATION
FOR THE PERIOD 1 NOVEMBER 2023 TO 31 MARCH 2024







DESIGNATED MEMBERS: G Hussain
N A Khan
Miss N Afzal





REGISTERED OFFICE: 862 - 864 Washwood Heath Rd
Ward End
Birmingham
B8 2NG





REGISTERED NUMBER: OC360274 (England and Wales)





ACCOUNTANTS: UHY Hacker Young (Bham) LLP
9-11 Vittoria Street
Birmingham
B1 3ND

WILDINGS SOLICITORS LLP (REGISTERED NUMBER: OC360274)

REPORT OF THE MEMBERS
FOR THE PERIOD 1 NOVEMBER 2023 TO 31 MARCH 2024

The members present their report with the financial statements of the LLP for the period 1 November 2023 to 31 March 2024.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the period under review was that of a firm of solicitors.

DESIGNATED MEMBERS
The designated members during the period under review were:

G Hussain
N A Khan
Miss N Afzal

RESULTS FOR THE PERIOD AND ALLOCATION TO MEMBERS
The profit for the period before members' remuneration and profit shares was £22,168 (2023 - £258,859 profit).

MEMBERS' INTERESTS

STATEMENT OF MEMBERS' RESPONSIBILITIES
The members are responsible for preparing the Report of the Members and the financial statements in accordance with applicable law and regulations.

Legislation applicable to limited liability partnerships requires the members to prepare financial statements for each financial year. Under that law the members have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under legislation applicable to limited liability partnerships the members must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the LLP and of the profit or loss of the LLP for that period. In preparing these financial statements, the members are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the LLP will continue in business.


WILDINGS SOLICITORS LLP (REGISTERED NUMBER: OC360274)

REPORT OF THE MEMBERS
FOR THE PERIOD 1 NOVEMBER 2023 TO 31 MARCH 2024

The members are responsible for keeping adequate accounting records that are sufficient to show and explain the LLP's transactions and disclose with reasonable accuracy at any time the financial position of the LLP and enable them to ensure that the financial statements comply with the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008. They are also responsible for safeguarding the assets of the LLP and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

ON BEHALF OF THE MEMBERS:





G Hussain - Designated member


23 January 2025

WILDINGS SOLICITORS LLP (REGISTERED NUMBER: OC360274)

PROFIT AND LOSS ACCOUNT
FOR THE PERIOD 1 NOVEMBER 2023 TO 31 MARCH 2024

Period
1.11.23
to Year Ended
31.3.24 31.10.23
Notes £    £   

TURNOVER 342,268 839,716

Cost of sales 131,278 268,715
GROSS PROFIT 210,990 571,001

Administrative expenses 200,152 314,331
OPERATING PROFIT 4 10,838 256,670

Interest receivable and similar income 14,256 6,928
25,094 263,598

Interest payable and similar expenses 2,926 4,739
PROFIT FOR THE FINANCIAL PERIOD
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE FOR
DISCRETIONARY DIVISION AMONG
MEMBERS




22,168




258,859


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME FOR
THE PERIOD

22,168

258,859

WILDINGS SOLICITORS LLP (REGISTERED NUMBER: OC360274)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 21,787 19,311
21,787 19,311

CURRENT ASSETS
Stocks 38,716 43,438
Debtors 7 13,875 63,035
Cash at bank and in hand 2,254,761 1,144,237
2,307,352 1,250,710
CREDITORS
Amounts falling due within one year 8 2,269,994 1,171,071
NET CURRENT ASSETS 37,358 79,639
TOTAL ASSETS LESS CURRENT
LIABILITIES

59,145

98,950

CREDITORS
Amounts falling due after more than
one year

9

38,504

47,576
NET ASSETS ATTRIBUTABLE TO
MEMBERS

20,641

51,374

WILDINGS SOLICITORS LLP (REGISTERED NUMBER: OC360274)

BALANCE SHEET - continued
31 MARCH 2024

2024 2023
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

10

20,641

51,374

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 10 20,641 51,374

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 period 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.

The financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 23 January 2025 and were signed by:





G Hussain - Designated member

WILDINGS SOLICITORS LLP (REGISTERED NUMBER: OC360274)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 NOVEMBER 2023 TO 31 MARCH 2024

1. STATUTORY INFORMATION

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

3. EMPLOYEE INFORMATION

The average number of employees during the period was 10 (2023 - 10 ) .

WILDINGS SOLICITORS LLP (REGISTERED NUMBER: OC360274)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 NOVEMBER 2023 TO 31 MARCH 2024

4. OPERATING PROFIT

The operating profit is stated after charging:

Period
1.11.23
to Year Ended
31.3.24 31.10.23
£    £   
Depreciation - owned assets 2,812 6,639

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 March 2024 78,000
AMORTISATION
At 1 November 2023
and 31 March 2024 78,000
NET BOOK VALUE
At 31 March 2024 -
At 31 October 2023 -

WILDINGS SOLICITORS LLP (REGISTERED NUMBER: OC360274)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 NOVEMBER 2023 TO 31 MARCH 2024

6. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 November 2023 62,533 56,349 118,882
Additions - 5,288 5,288
At 31 March 2024 62,533 61,637 124,170
DEPRECIATION
At 1 November 2023 56,338 43,233 99,571
Charge for period 387 2,425 2,812
At 31 March 2024 56,725 45,658 102,383
NET BOOK VALUE
At 31 March 2024 5,808 15,979 21,787
At 31 October 2023 6,195 13,116 19,311

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 8,319 54,388
Prepayments 5,556 8,647
13,875 63,035

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 20,694 20,245
Trade creditors & accruals 17,231 13,219
Social security and other taxes 7,749 7,703
VAT 22,849 39,759
Other creditors 827 687
Amounts owed to clients 2,200,644 1,089,458
2,269,994 1,171,071

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 38,504 47,576

WILDINGS SOLICITORS LLP (REGISTERED NUMBER: OC360274)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 NOVEMBER 2023 TO 31 MARCH 2024

10. LOANS AND OTHER DEBTS DUE TO MEMBERS
2024 2023
£    £   
Amounts owed to members in respect of profits 20,641 51,374

Falling due within one year 20,641 51,374

Loan balances are paid to members after all other liabilities of the company have been settled.