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Registration number: OC336236

Pure Law LLP

Annual Report and Unaudited Financial Statements

for the Year Ended 30 April 2024

 

Pure Law LLP

Contents

Limited liability partnership information

1

Financial Statements

2 to 5

Balance Sheet

2

Notes to the Financial Statements

3

 

Pure Law LLP

Limited liability partnership information

Designated members

N D Hayes

H Ferreira
 

Registered office

Arcadia House
Warley Hill Business Park
The Drive
Brentwood
Essex
CM13 3BE

Accountants

Lambert Chapman LLP
Chartered Accountants
3 Warners Mill
Silks Way
Braintree
Essex
CM7 3GB

 

Pure Law LLP

(Registration number: OC336236)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

3

18,978

40,120

Current assets

 

Debtors

4

391,342

412,748

Cash and short-term deposits

 

764,693

915,328

 

1,156,035

1,328,076

Creditors: Amounts falling due within one year

5

(222,773)

(301,113)

Net current assets

 

933,262

1,026,963

Net assets attributable to members

 

952,240

1,067,083

Represented by:

 

Loans and other debts due to members

 

Members' capital classified as a liability

 

952,240

1,067,083

   

952,240

1,067,083

Total members' interests

 

Loans and other debts due to members

 

952,240

1,067,083

   

952,240

1,067,083

For the year ending 30 April 2024 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied to limited liability partnerships, relating to small entities.

These financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime, as applied to limited liability partnerships. As permitted by section 444 (5A) of the Companies Act 2006, the members have not delivered to the registrar a copy of the Profit and Loss Account.

The members acknowledge their responsibilities for complying with the requirements of the Act, as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 with respect to accounting records and the preparation of accounts.

The financial statements of Pure Law LLP (registered number OC336236) were approved by the Board and authorised for issue on 31 January 2025. They were signed on behalf of the limited liability partnership by:

.........................................
H Ferreira
Designated member

 

Pure Law LLP

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

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

General information and basis of accounting

The limited liability partnership is incorporated in England and Wales under the Limited Liability Partnership Act 2000.

The address of the registered office is given on the limited liability partnership information page.

These financial statements have been prepared under the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are presented in Sterling (£), which is the company's functional currency.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when: the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Members' remuneration and division of profits

The LLP agreement provides that fixed amounts, determined for each member each year, be paid to members, irrespective of the profits of the LLP. These amounts are also included within members’ remuneration charged to the profit and loss account.

A member's share of the profit or loss for the year is accounted for as an allocation of profits.

Tangible fixed assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual
value, over their expected useful economic life as follows:

Asset class

Depreciation method and rate

Office Equipment

33% straight line method

 

Pure Law LLP

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

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the limited liability partnership will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the limited liability partnership does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Pensions and other post retirement obligations

The partnership operates a defined contribution pension scheme. Contributions are recognised in the profit and loss
account in the period in which they become payable in accordance with the rules of the scheme.

2

Particulars of employees

The average number of persons employed by the limited liability partnership during the year was 21 (2023 - 23).

3

Tangible fixed assets

Office equipment
 £

Total
£

Cost

At 1 May 2023

154,528

154,528

Additions

420

420

At 30 April 2024

154,948

154,948

Depreciation

At 1 May 2023

114,408

114,408

Charge for the year

21,562

21,562

At 30 April 2024

135,970

135,970

Net book value

At 30 April 2024

18,978

18,978

At 30 April 2023

40,120

40,120

 

Pure Law LLP

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

4

Debtors

2024
£

2023
£

Trade debtors

40,565

99,791

Other debtors

52,850

40,195

Prepayments and accrued income

297,927

272,762

Total current trade and other debtors

391,342

412,748

5

Creditors: Amounts falling due within one year

2024
£

2023
£

Trade creditors

1,749

23,205

Other creditors

8,288

8,993

Accruals and deferred income

25,045

24,741

Taxation and social security

187,691

244,174

222,773

301,113