IRIS Accounts Production v24.3.2.46 OC339500 designated member 1.10.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhOC3395002023-09-30OC3395002024-03-31OC3395002023-10-012024-03-31OC3395002022-09-30OC3395002022-10-012023-09-30OC3395002023-09-30OC339500ns15:EnglandWales2023-10-012024-03-31OC339500ns14:PoundSterling2023-10-012024-03-31OC339500ns10:PartnerLLP12023-10-012024-03-31OC339500ns10:LimitedLiabilityPartnershipLLP2023-10-012024-03-31OC339500ns10:SmallEntities2023-10-012024-03-31OC339500ns10:AuditExemptWithAccountantsReport2023-10-012024-03-31OC339500ns10:SmallCompaniesRegimeForAccounts2023-10-012024-03-31OC339500ns10:LimitedLiabilityPartnershipsSORP2023-10-012024-03-31OC339500ns10:FullAccounts2023-10-012024-03-31OC339500ns10:PartnerLLP22023-10-012024-03-31OC339500ns10:RegisteredOffice2023-10-012024-03-31OC339500ns5:CurrentFinancialInstruments2024-03-31OC339500ns5:CurrentFinancialInstruments2023-09-30OC339500ns5:Non-currentFinancialInstruments2024-03-31OC339500ns5:Non-currentFinancialInstruments2023-09-30OC339500ns5:PlantMachinery2023-10-012024-03-31OC339500ns5:FurnitureFittings2023-10-012024-03-31OC339500ns5:ComputerEquipment2023-10-012024-03-31OC339500ns5:OwnedAssets2023-10-012024-03-31OC339500ns5:OwnedAssets2022-10-012023-09-30OC339500ns5:PlantMachinery2023-09-30OC339500ns5:FurnitureFittings2023-09-30OC339500ns5:ComputerEquipment2023-09-30OC339500ns5:PlantMachinery2024-03-31OC339500ns5:FurnitureFittings2024-03-31OC339500ns5:ComputerEquipment2024-03-31OC339500ns5:PlantMachinery2023-09-30OC339500ns5:FurnitureFittings2023-09-30OC339500ns5:ComputerEquipment2023-09-30OC339500ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-31OC339500ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-30OC339500ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-03-31OC339500ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-09-30OC339500ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-03-31OC339500ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-09-30
REGISTERED NUMBER: OC339500 (England and Wales)















REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 OCTOBER 2023 TO 31 MARCH 2024

FOR

EMD LAW LLP

EMD LAW LLP (REGISTERED NUMBER: OC339500)






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




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


EMD LAW LLP

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







DESIGNATED MEMBERS: E M Dumbleton
C H E Parker





REGISTERED OFFICE: Rose Cottage
4 Lime Terrace
High Street
Staplehurst
Kent
TN12 0AP





REGISTERED NUMBER: OC339500 (England and Wales)





ACCOUNTANTS: Ashdown Hurrey
Chartered Accountants & Business Advisers
20 Havelock Road
Hastings
East Sussex
TN34 1BP

EMD LAW LLP (REGISTERED NUMBER: OC339500)

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

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

PRINCIPAL ACTIVITY
The principal activity of the LLP in the period under review was that of a South East law firm with offices in St Leonards and Staplehurst.

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

E M Dumbleton
C H E Parker

RESULTS FOR THE PERIOD AND ALLOCATION TO MEMBERS
The profit for the period before members' remuneration and profit shares was £94,346 (2023 - £84,790 profit).

MEMBERS' INTERESTS
Members are permitted to make drawings in anticipation of profits that are due to them after the consideration of the working capital requirements of the Limited Liability Partnership and other regulatory requirements.

The profits are shared between the members on a pre-agreed basis after taking into account many varying factors. Any transfers between members or members' accounts have been agreed by the relevant member involved.

Capital introduced from new members as subscribed capital and the repayment of the capital is set at the appointment date by agreement of the new member and the existing members. Capital introduced during the course of the business by existing members is due to be repaid in full with no interest charged to the Limited Liability Partnership.

ON BEHALF OF THE MEMBERS:





C H E Parker - Designated member


24 January 2025

EMD LAW LLP (REGISTERED NUMBER: OC339500)

INCOME STATEMENT
FOR THE PERIOD 1 OCTOBER 2023 TO 31 MARCH 2024

Period
1.10.23
to Year Ended
31.3.24 30.9.23
Notes £    £   

TURNOVER 417,443 647,399

Cost of sales (239,824 ) (373,724 )
GROSS PROFIT 177,619 273,675

Administrative expenses (113,489 ) (211,684 )
64,130 61,991

Other operating income - 500
OPERATING PROFIT 4 64,130 62,491

Interest receivable and similar income 38,433 41,567
102,563 104,058

Interest payable and similar expenses (8,217 ) (19,268 )
PROFIT FOR THE FINANCIAL PERIOD
BEFORE MEMBERS' REMUNERATION AND
PROFIT SHARES AVAILABLE FOR
DISCRETIONARY DIVISION AMONG
MEMBERS




94,346




84,790

EMD LAW LLP (REGISTERED NUMBER: OC339500)

BALANCE SHEET
31 MARCH 2024

31.3.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 4,699 5,580

CURRENT ASSETS
Stocks 39,539 75,000
Debtors 6 332,339 294,993
Cash in hand 200 256
372,078 370,249
CREDITORS
Amounts falling due within one year 7 336,408 375,454
NET CURRENT ASSETS/(LIABILITIES) 35,670 (5,205 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

40,369

375

CREDITORS
Amounts falling due after more than one year 8 43,144 59,876
NET LIABILITIES ATTRIBUTABLE TO
MEMBERS

(2,775

)

(59,501

)

LOANS AND OTHER DEBTS DUE TO
MEMBERS

-

-

MEMBERS' OTHER INTERESTS
Capital accounts (2,775 ) (59,501 )
(2,775 ) (59,501 )

TOTAL MEMBERS' INTERESTS
Members' other interests (2,775 ) (59,501 )

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.

EMD LAW LLP (REGISTERED NUMBER: OC339500)

BALANCE SHEET - continued
31 MARCH 2024


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 24 January 2025 and were signed by:





C H E Parker - Designated member

EMD LAW LLP (REGISTERED NUMBER: OC339500)

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

1. STATUTORY INFORMATION

EMD Law 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.

Going Concern
In preparing the financial statements, the designated members are required to make an assessment of the ability of the LLP to continue as a going concern. The designated members have considered all available evidence for the LLP which covers the 12 month period from the date of signing these financial statements.

On the basis of this consideration, the designated members are confident that the LLP has adequate resources to continue in operational existence and to meet its liabilities as they fall due for the foreseeable future. In reaching this conclusion they are satisfied that no material uncertainty exists. As a result of the above, the designated members have concluded that it remains appropriate to adopt a going concern basis of preparation in these financial statements and that no material uncertainty exists in reaching this conclusion.

Turnover
Turnover is measured at the fair value of the consideration received or receivable for the rendering of services in the ordinary course of the limited liability partnership's activities. Turnover is presented, net of value added tax, rebates and discounts.

The limited liability partnership recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and when specific criteria have been met for each of the limited liability partnership's activities as follows:

Revenue from the sale of services is recognised at the point which those services have been provided to the customer. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

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 - 15% on cost
Fixtures and fittings - 15% on cost
Computer equipment - 33% on cost

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

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.

3. EMPLOYEE INFORMATION

The average number of employees during the period was 11 (2023 - 13 ) .

EMD LAW LLP (REGISTERED NUMBER: OC339500)

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

4. OPERATING PROFIT

The operating profit is stated after charging:

Period
1.10.23
to Year Ended
31.3.24 30.9.23
£    £   
Depreciation - owned assets 881 2,159

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 October 2023
and 31 March 2024 58,032 6,500 3,288 67,820
DEPRECIATION
At 1 October 2023 54,958 6,500 782 62,240
Charge for period 339 - 542 881
At 31 March 2024 55,297 6,500 1,324 63,121
NET BOOK VALUE
At 31 March 2024 2,735 - 1,964 4,699
At 30 September 2023 3,074 - 2,506 5,580

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 30.9.23
£    £   
Trade debtors 308,561 284,306
Other debtors 23,778 10,687
332,339 294,993

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 30.9.23
£    £   
Bank loans and overdrafts 98,392 138,197
Trade creditors 6,363 5,306
Social security and other taxes 17,888 24,641
VAT 164,797 159,273
Other creditors 39,967 39,967
Accrued expenses 9,001 8,070
336,408 375,454

EMD LAW LLP (REGISTERED NUMBER: OC339500)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 30.9.23
£    £   
Bank loans - 1-2 years 36,629 34,518
Bank loans - 2-5 years 6,515 25,358
43,144 59,876

9. SECURED DEBTS

HSBC Bank PLC holds a fixed and floating charge dated 9 October 2008 over the undertaking and all property and assets present and future, including goodwill, book debts, uncalled capital, buildings, fixtures, fixed plant and machinery. This charge relates to all monies due or to become due from the limited liability partnership to the chargee on any account whatsoever.