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REGISTERED NUMBER: 03758842 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Gordons Property Lawyers Limited

Gordons Property Lawyers Limited (Registered number: 03758842)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Gordons Property Lawyers Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr C A Gordon
Mr M R Santa-Olalla





REGISTERED OFFICE: SC House Vanwall Road
Maidenhead
Berkshire
SL6 4UB





REGISTERED NUMBER: 03758842 (England and Wales)





ACCOUNTANTS: Wilson Partners Limited
Chartered Accountants
TOR
Saint-Cloud Way
Maidenhead
Berkshire
SL6 8BN

Gordons Property Lawyers Limited (Registered number: 03758842)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 226,339 477,244
Tangible assets 5 3,265 10,607
229,604 487,851

CURRENT ASSETS
Debtors 6 1,112,118 1,262,524
Cash at bank and in hand 24 57,699
1,112,142 1,320,223
CREDITORS
Amounts falling due within one year 7 (1,644,208 ) (1,128,448 )
NET CURRENT (LIABILITIES)/ASSETS (532,066 ) 191,775
TOTAL ASSETS LESS CURRENT LIABILITIES (302,462 ) 679,626

CREDITORS
Amounts falling due after more than one year 8 (399,504 ) (544,810 )

PROVISIONS FOR LIABILITIES (816 ) (2,651 )
NET (LIABILITIES)/ASSETS (702,782 ) 132,165

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (702,882 ) 132,065
SHAREHOLDERS' FUNDS (702,782 ) 132,165

Gordons Property Lawyers Limited (Registered number: 03758842)

Balance Sheet - continued
31 March 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company 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 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 March 2025 and were signed on its behalf by:





Mr M R Santa-Olalla - Director


Gordons Property Lawyers Limited (Registered number: 03758842)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Gordons Property Lawyers Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
In the application of the company's accounting policies the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The company does not make significant estimates and assumptions concerning the future.

Turnover
Turnover represents the fair value of services provided during the period on client assignments. Turnover is recognised as legal services are undertaken and the right to consideration is earned. Fair value reflects the amount expected to be recoverable from clients and is based on the time spent, skills and expertise provided and expenses incurred. Turnover excludes Value Added Tax.

Turnover in respect of contingent fee assignments (over and above any agreed minimum fee which is recognised above) is recognised in the period when the contingent event occurs and the collectability of the fee is assured. Unbilled turnover on individual client assignments is included as work in progress.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

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 five 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 - 33% on cost

Financial instruments
Basic financial instruments are recognised at amortised cost using the effective interest method, except for investments in non-convertible preference and non-puttable preference and ordinary shares, which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and therefore at fair value, with changes recognised in profit and loss.

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.

Gordons Property Lawyers Limited (Registered number: 03758842)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Claims
Provision is made on a case by case basis in respect of the cost of defending claims and where appropriate the estimated cost to the firm of settling claims, net of expected insurance recoveries.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 112 (2023 - 130 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 April 2023 2,590,800 510,202 3,101,002
Additions - 51,678 51,678
At 31 March 2024 2,590,800 561,880 3,152,680
AMORTISATION
At 1 April 2023 2,223,770 399,988 2,623,758
Charge for year 259,080 43,503 302,583
At 31 March 2024 2,482,850 443,491 2,926,341
NET BOOK VALUE
At 31 March 2024 107,950 118,389 226,339
At 31 March 2023 367,030 110,214 477,244

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 73,294
Additions 2,141
At 31 March 2024 75,435
DEPRECIATION
At 1 April 2023 62,687
Charge for year 9,483
At 31 March 2024 72,170
NET BOOK VALUE
At 31 March 2024 3,265
At 31 March 2023 10,607

Gordons Property Lawyers Limited (Registered number: 03758842)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 73,149 487,965
Other debtors 1,038,969 774,559
1,112,118 1,262,524

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 524,083 410,243
Trade creditors 194,084 8,224
Taxation and social security 440,413 380,113
Other creditors 485,628 329,868
1,644,208 1,128,448

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 399,504 544,810

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 105,541 130,023

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 812,469 955,053

10. RELATED PARTY DISCLOSURES

Mr C A Gordon

As at the year end Mr C A Gordon was owed £40,000 (2023: £10,000) from the company.

Mr M R Santa-Olalla

As at the year end Mr M R Santa-Olalla was owed £178,954 (2023: £128,954) from the company.

11. ULTIMATE CONTROLLING PARTY

In the opinion of the directors there is no ultimate controlling party.