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REGISTERED NUMBER: 09010555















Hine Solicitors Limited

Financial Statements for the Year Ended 31 March 2024






Hine Solicitors Limited (Registered number: 09010555)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 6


Hine Solicitors Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: AC Hine
A Glover
N A Berry
H Burton
W S Flawn
D Hicks
E J Roberts
G Singh
D C Starrs
J Lawton
S Muir



REGISTERED OFFICE: 51 Amersham Road
Beaconsfield
Buckinghamshire
HP9 2HB



REGISTERED NUMBER: 09010555



SENIOR STATUTORY AUDITOR: Gareth Davies FCA



AUDITORS: Keen Dicey Grover
Statutory Auditors
Bathurst House
50 Bathurst Walk
Iver
Buckinghamshire
SL0 9BH

Hine Solicitors Limited (Registered number: 09010555)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 102,071 119,831

CURRENT ASSETS
Debtors 5 1,952,396 1,908,975
Cash at bank 325,596 379,832
2,277,992 2,288,807
CREDITORS
Amounts falling due within one year 6 860,353 814,743
NET CURRENT ASSETS 1,417,639 1,474,064
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,519,710

1,593,895

CREDITORS
Amounts falling due after more than one year 7 (314,109 ) (472,089 )

PROVISIONS FOR LIABILITIES 9 (411,783 ) (335,690 )
NET ASSETS 793,818 786,116

CAPITAL AND RESERVES
Called up share capital 10 100,000 100,000
Retained earnings 693,818 686,116
SHAREHOLDERS' FUNDS 793,818 786,116

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 21 May 2025 and were signed on its behalf by:





AC Hine - Director


Hine Solicitors Limited (Registered number: 09010555)

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


1. STATUTORY INFORMATION

Hine Solicitors 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.

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
The accounts are materially affected by the estimation of the accrued income yet to be billed at the year end. Estimation is based on time ledger recordings against individual matters by work category. Reviews to ascertain accuracy are undertaken for unrecoverable work due to age, recovery rates on a work category basis and actual income post year end.
The accounts are also materially affected by the estimation of the dilapidation provision. Estimates are based on surveyors' reports where available, otherwise they are based on the accumulated knowledge and experience of the directors.

Changes in accounting policies
In the comparative year the directors have made a change in the way ongoing client work is shown in the accounts. In previous years this work had been shown shown in turnover as work in progress, going forward, from 2023 onwards, this accrued income has been amalgamated with sales and not shown separately. Accordingly, accrued income will no longer be shown on the Balance Sheet as Stocks.

Turnover
Turnover is measured at fair value consideration received or receivable and represents the invoiced value, net of VAT, of fee income for legal services billed to customers as adjusted by the movement of accrued income during the year . Fee income is from publicly funded legal aid work or from private clients. Private clients work includes work in criminal, conveyancing, family and wills and probate areas. Publicly funded income is recognised at the point of determination by the Legal Aid Board. Private client work, excluding family work, is billed at completion with income accrued in accordance with time spent. Family work is billed at completion or on an interim billing basis dependent on the length of time of the case. Disbursements billed to clients where the firm acts as agent are not included in turnover. Accrued income is provided for time booked by fee earners awaiting case completion.Valuation is based on an assessment of recoverability of the balances and is adjusted for any reductions in Legal Aid rates, plus an assessment of outstanding Court fees for Advocates.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Timing differences arise from the inclusion of income and expenses in tax assesments in periods different from those in which they are recognised in the financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hine Solicitors Limited (Registered number: 09010555)

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


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Dilapidation provision
Provision is made in respect of the repairing leases entered into where an obligation exists to make repairs to property either during the course of the lease or at the end of the lease to return the property to its original condition.The amount of the provision represents the directors best estimate of financial obligation to carry out remedial work at the year end.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 90 (2023 - 88 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 24,315 98,359 111,336 234,010
Additions 6,631 3,423 410 10,464
At 31 March 2024 30,946 101,782 111,746 244,474
DEPRECIATION
At 1 April 2023 14,361 44,165 55,653 114,179
Charge for year 1,992 8,124 18,108 28,224
At 31 March 2024 16,353 52,289 73,761 142,403
NET BOOK VALUE
At 31 March 2024 14,593 49,493 37,985 102,071
At 31 March 2023 9,954 54,194 55,683 119,831

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 412,911 397,813
Amounts recoverable on contracts 883,317 900,755
Other debtors 656,168 610,407
1,952,396 1,908,975

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 112,500 50,000
Taxation and social security 417,886 495,735
Other creditors 329,967 269,008
860,353 814,743

Hine Solicitors Limited (Registered number: 09010555)

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


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 112,500
Other creditors 314,109 359,589
314,109 472,089

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 112,500 162,500

The bank loan is secured by a fixed and floating charge over assets of the company.

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 21,870 20,877
Dilapidation provision 389,913 314,813
411,783 335,690

Dilapidati
Deferred ons
tax provision
£    £   
Balance at 1 April 2023 20,877 314,813
Provided during year 993 75,100
Balance at 31 March 2024 21,870 389,913

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100,000 Ordinary £1 100,000 100,000

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Gareth Davies FCA (Senior Statutory Auditor)
for and on behalf of Keen Dicey Grover


Keen Dicey Grover

12. OTHER FINANCIAL COMMITMENTS

The company has future lease commitments of £1,148,000 ( 2023 £976,875 ) primarily in respect of rent due under leases on properties, from which the company trades, until the end of those leases.

Hine Solicitors Limited (Registered number: 09010555)

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


13. RELATED PARTY DISCLOSURES

During the year the company paid rent of £104,350 on properties in which the shareholding Directors have an interest.