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REGISTERED NUMBER: OC381503 (England and Wales)















STEELE ROSE LAW LLP

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024






STEELE ROSE LAW LLP (REGISTERED NUMBER: OC381503)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


STEELE ROSE LAW LLP (REGISTERED NUMBER: OC381503)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,391 1,843

CURRENT ASSETS
Debtors 5 9,967 11,975
Cash at bank 10,544 4,714
20,511 16,689
CREDITORS
Amounts falling due within one year 6 5,806 5,241
NET CURRENT ASSETS 14,705 11,448
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

16,096

13,291

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

15,997

13,192

MEMBERS' OTHER INTERESTS
Capital accounts 99 99
16,096 13,291

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 15,997 13,192
Members' other interests 99 99
Amounts due from members 5 (8,595 ) (10,463 )
7,501 2,828

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.

STEELE ROSE LAW LLP (REGISTERED NUMBER: OC381503)

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 13 January 2025 and were signed by:





Mr D B Steele - Designated member

STEELE ROSE LAW LLP (REGISTERED NUMBER: OC381503)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Steele Rose Law LLP is registered in England and Wales. The LLP's registered number and registered office address are as below:

Registered number: OC381503

Registered office: 6-7 Deans Farm
Stratford-sub-Castle
Salisbury
Wiltshire
SP1 3YP

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 the fair value of services provided during the year on client assignments. Turnover is recognised as contract activity progresses and the right to consideration is earned. Fair value reflects the amount expected to be recoverable from clients and is based on time spent, expertise and skills provided and expenses incurred. Turnover excludes value added tax. Unbilled turnover on individual client assignments is included as accrued income within debtors.

Tangible assets
Tangible assets are stated at cost less accumulated depreciation. Cost includes the original purchase price of the asset plus costs attributable to bringing the asset to its working condition for its intended use. Depreciation is charged from the time when tangible assets are brought into use and is calculated so as to write off the cost of fixed assets, less their estimated residual values, over the expected useful economic lives of the assets concerned. The principal annual rates used for this purpose are as follows:

Plant and machinery etc: 12.5% - 15% straight line

3. EMPLOYEE INFORMATION

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

4. TANGIBLE ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 40,300
DEPRECIATION
At 1 April 2023 38,457
Charge for year 452
At 31 March 2024 38,909
NET BOOK VALUE
At 31 March 2024 1,391
At 31 March 2023 1,843

STEELE ROSE LAW LLP (REGISTERED NUMBER: OC381503)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 207 435
Amounts due from members 8,595 10,463
Other debtors 1,165 1,077
9,967 11,975

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 5,806 5,241

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with other creditors.