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REGISTERED NUMBER: OC386327 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Alexander & Co. Solicitors LLP

Alexander & Co. Solicitors LLP (Registered number: OC386327)






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




Page

General Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Alexander & Co. Solicitors LLP

General Information
for the Year Ended 30 April 2024







DESIGNATED MEMBERS: Katharine Basey Limited
James Dysterre-Clark Limited





REGISTERED OFFICE: 56 Friar Gate
Derby
Derbyshire
DE1 1DF





REGISTERED NUMBER: OC386327 (England and Wales)





ACCOUNTANTS: Franklins
1 Pinnacle Way
Pride Park
Derby
Derbyshire
DE24 8ZS

Alexander & Co. Solicitors LLP (Registered number: OC386327)

Statement of Financial Position
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 44,326 49,179

CURRENT ASSETS
Debtors 5 538,912 496,304
Cash at bank and in hand 75,814 16,753
614,726 513,057
CREDITORS
Amounts falling due within one year 6 229,429 233,546
NET CURRENT ASSETS 385,297 279,511
TOTAL ASSETS LESS CURRENT
LIABILITIES

429,623

328,690

CREDITORS
Amounts falling due after more than one
year

7

43,333

83,333
NET ASSETS ATTRIBUTABLE TO
MEMBERS

386,290

245,357

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

386,290

245,357

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 386,290 245,357

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 April 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.

Alexander & Co. Solicitors LLP (Registered number: OC386327)

Statement of Financial Position - continued
30 April 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 27 January 2025 and were signed by:




James Dysterre-Clark Limited - Designated member




Katharine Basey Limited - Designated member


Alexander & Co. Solicitors LLP (Registered number: OC386327)

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

1. STATUTORY INFORMATION

Alexander & Co. 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 invoiced sales of services, excluding value added tax.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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.

Uninvoiced sales - shown in other debtors
Uninvoiced sales are valued in accordance with FRS 102 and the guidance issued in UITF 40. Hence all unbilled/incomplete time has been valued at fair value and reflects the time spend and the skills and expertise that have been provided.

Taxation
Taxation on all of the LLP's profits are solely the personal liabilities of individual members. Consequently, neither taxation nor related deferred taxation arising in the LLP are accounted for in these financial statements. Amounts retained for tax are treated in the same way as other profits of the LLP and so are included in members' other interest or in loans and other debts due to member's depending on whether or not division of profits has occurred.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 28 (2023 - 26 ) .

Alexander & Co. Solicitors LLP (Registered number: OC386327)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 May 2023 110,782 2,470 113,252
Additions 9,922 - 9,922
At 30 April 2024 120,704 2,470 123,174
DEPRECIATION
At 1 May 2023 63,455 618 64,073
Charge for year 14,312 463 14,775
At 30 April 2024 77,767 1,081 78,848
NET BOOK VALUE
At 30 April 2024 42,937 1,389 44,326
At 30 April 2023 47,327 1,852 49,179

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 284,749 257,942
Other debtors 208,911 198,805
Prepayments 45,252 39,557
538,912 496,304

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 40,000 65,466
Trade creditors 7,681 6,024
Social security and other taxes 11,104 10,218
VAT 103,690 90,106
Other creditors 37,682 36,057
Accruals and deferred income 29,272 25,675
229,429 233,546

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 40,000 40,000
Bank loans - 2-5 years 3,333 43,333
43,333 83,333

Alexander & Co. Solicitors LLP (Registered number: OC386327)

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

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank pari passu with unsecured creditors and may be set-off against amounts due from members included in debtors. Members' other interests rank pari passu with unsecured creditors.