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REGISTERED NUMBER: OC360386 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

ASKEWS LEGAL LLP

ASKEWS LEGAL LLP (REGISTERED NUMBER: OC360386)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ASKEWS LEGAL LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DESIGNATED MEMBERS: T S Gill
K Sandhu





REGISTERED OFFICE: 5 The Quadrant
Coventry
West Midlands
CV1 2EL





REGISTERED NUMBER: OC360386 (England and Wales)





ACCOUNTANTS: Askews Chartered Certified Accountants
5 The Quadrant
Coventry
West Midlands
CV1 2EL

ASKEWS LEGAL LLP (REGISTERED NUMBER: OC360386)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 27,322 30,988
Tangible assets 5 222,765 198,557
Investments 6 959,703 -
1,209,790 229,545

CURRENT ASSETS
Debtors 7 498,870 505,909
Cash at bank 353,421 674,387
852,291 1,180,296
CREDITORS
Amounts falling due within one year 8 1,702,840 1,058,221
NET CURRENT (LIABILITIES)/ASSETS (850,549 ) 122,075
TOTAL ASSETS LESS CURRENT
LIABILITIES

359,241

351,620

CREDITORS
Amounts falling due after more than one year 9 57,000 114,000
NET ASSETS ATTRIBUTABLE TO
MEMBERS

302,241

237,620

LOANS AND OTHER DEBTS DUE TO
MEMBERS

10

302,241

237,620

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 10 302,241 237,620

ASKEWS LEGAL LLP (REGISTERED NUMBER: OC360386)

BALANCE SHEET - continued
30 JUNE 2024


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 June 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 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 12 March 2025 and were signed by:





K Sandhu - Designated member

ASKEWS LEGAL LLP (REGISTERED NUMBER: OC360386)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Askews Legal LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 25% Straight line
Motor vehicles - 25% Straight line
Computer equipment - 25% Straight line

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interests in the assets of the LLP after deducting all of its liabilities.

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.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 49 (2023 - 41 ) .

ASKEWS LEGAL LLP (REGISTERED NUMBER: OC360386)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 July 2023
and 30 June 2024 36,659
AMORTISATION
At 1 July 2023 5,671
Amortisation for year 3,666
At 30 June 2024 9,337
NET BOOK VALUE
At 30 June 2024 27,322
At 30 June 2023 30,988

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 16,901 72,225 87,384 162,518 339,028
Additions - 20,724 - 68,422 89,146
At 30 June 2024 16,901 92,949 87,384 230,940 428,174
DEPRECIATION
At 1 July 2023 - 56,699 13,182 70,590 140,471
Charge for year - 5,403 21,846 37,689 64,938
At 30 June 2024 - 62,102 35,028 108,279 205,409
NET BOOK VALUE
At 30 June 2024 16,901 30,847 52,356 122,661 222,765
At 30 June 2023 16,901 15,526 74,202 91,928 198,557

ASKEWS LEGAL LLP (REGISTERED NUMBER: OC360386)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 959,703
At 30 June 2024 959,703
NET BOOK VALUE
At 30 June 2024 959,703

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 282,745 426,380
Amounts owed by group undertakings 129,400 -
Other debtors 86,725 79,529
498,870 505,909

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans 57,000 94,845
Trade creditors 548,480 578,309
Taxation and social security 164,776 63,691
Other creditors 932,584 321,376
1,702,840 1,058,221

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 57,000 114,000

10. LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of a winding up, the amounts included in "Loans and other debts due to members" will rank equally with unsecured creditors.