Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312025-05-0712No description of principal activityfalse2023-04-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falsetruefalse OC378110 2023-04-01 2024-03-31 OC378110 2024-03-31 OC378110 2022-04-01 2023-03-31 OC378110 2023-03-31 OC378110 c:CurrentFinancialInstruments 2024-03-31 OC378110 c:CurrentFinancialInstruments 2023-03-31 OC378110 c:CurrentFinancialInstruments 2 2024-03-31 OC378110 c:CurrentFinancialInstruments 2 2023-03-31 OC378110 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC378110 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC378110 e:FRS102 2023-04-01 2024-03-31 OC378110 e:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC378110 e:FullAccounts 2023-04-01 2024-03-31 OC378110 e:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC378110 2 2023-04-01 2024-03-31 OC378110 e:PartnerLLP2 2023-04-01 2024-03-31 OC378110 f:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Company registration number: OC378110







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024


BUTTERWORTHS SOLICITORS LLP (PREVIOUSLY OJM LAW LLP)






































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BUTTERWORTHS SOLICITORS LLP (PREVIOUSLY OJM LAW LLP)
REGISTERED NUMBER:OC378110



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
165,445
170,839

Cash at bank and in hand
  
50
-

  
165,495
170,839

Creditors: Amounts Falling Due Within One Year
 5 
(165,495)
(170,839)

Net current assets
  
 
 
-
 
 
-

Total assets less current liabilities
  
-
-

  

Net assets attributable to members
  
-
-


Represented by:
  

Loans and other debts due to members within one year
  

  

  
-
-


Total members' interests
  

Amounts due from members (included in debtors)
 4 
(165,322)
(170,716)

  
(165,322)
(170,716)


Page 1

 


BUTTERWORTHS SOLICITORS LLP (PREVIOUSLY OJM LAW LLP)
REGISTERED NUMBER:OC378110


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime.

The entity was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

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

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

The entity has opted not to file the statement of comprehensive income in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf by: 




................................................
D J Mackay on behalf of Proddow Mackay Legal Limited
Designated member

Date: 7 May 2025

The notes on pages 3 to 5 form part of these financial statements.

Butterworths Solicitors LLP (Previously OJM Law LLP) has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of changes in equity.

Page 2

 


BUTTERWORTHS SOLICITORS LLP (PREVIOUSLY OJM LAW LLP)
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

The entity is a limited liability partnership incorporated and domiciled in England. The partnership is a tax resident in England.
The principal activity of the company is that of the provision of legal services as regulated by the Solicitors Regulation Authority.
Butterworths Solicitors LLP operates from its registered office of PM House, 250 Shepcote Lane, Sheffield, South Yorkshire, S9 1TP with company number OC378110.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the LLP and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the LLP will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 


BUTTERWORTHS SOLICITORS LLP (PREVIOUSLY OJM LAW LLP)
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

Division and distribution of profits

A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial period and may take place during or after the end of a financial period.

An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time, whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making.

The LLP divides profits automatically. Automatic divisions of profits are recognised as 'Members' remuneration charged as an expense in .

In the event of the LLP making losses, the loss is recognised as a credit amount of 'Members' remuneration charged as an expense where it is automatically divided or as a debit within equity under 'Other reserves' if not divided automatically.

 
2.5

Financial instruments

The LLP has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

  
2.6

Taxation

Members are personally liable for taxation on their share of the limited liability partnership profits.
Consequently, no reserve for taxation is made in these financial statements and the profits are shown within the members' interests or as 'loans and other amounts due to members', without any deduction for tax.


3.


Employees

The average monthly number of employees, including directors, during the year was 12 (2023 - 0).


4.


Debtors

2024
2023
£
£


Other debtors
123
123

Amounts due from members
165,322
170,716

165,445
170,839


Page 4

 


BUTTERWORTHS SOLICITORS LLP (PREVIOUSLY OJM LAW LLP)
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
154,410
166,289

Accruals and deferred income
11,085
4,550

165,495
170,839



6.


Related party transactions

During the year under review, the company made the following related party transactions: 
Proddow Mackay Solicitors LLP (An LLP related by common control) 
Proddow Mackay Solicitors LLP paid expenses on behalf of Butterworths Solicitors LLP (Previously OJM Law LLP) totalling £187,724 (2023: £33,249). At the reporting date, the total amount due to Proddow Mackay Solicitors LLP was £154,410 (2023: £166,289). This balance is included with other creditors. The loan is interest free and repayable on demand. 

 
Page 5