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REGISTERED NUMBER: OC449750 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 NOVEMBER 2023 TO 31 MARCH 2025

FOR

JOHN WELCH & STAMMERS SOLICITORS LLP

JOHN WELCH & STAMMERS SOLICITORS LLP (REGISTERED NUMBER: OC449750)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 NOVEMBER 2023 TO 31 MARCH 2025




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JOHN WELCH & STAMMERS SOLICITORS LLP

GENERAL INFORMATION
FOR THE PERIOD 1 NOVEMBER 2023 TO 31 MARCH 2025







DESIGNATED MEMBERS: Mrs B M Summers
M Drasdo
Mrs H Smith





REGISTERED OFFICE: Chargrove House
Main Road
Shurdington
Cheltenham
Gloucestershire
GL51 4GA





BUSINESS ADDRESS: 24 Church Green
Witney
Oxfordshire
OX28 4AT





REGISTERED NUMBER: OC449750 (England and Wales)





ACCOUNTANTS: Randall & Payne LLP
Chartered Accountants
Chargrove House
Shurdington Road
Cheltenham
Gloucestershire
GL51 4GA

JOHN WELCH & STAMMERS SOLICITORS LLP (REGISTERED NUMBER: OC449750)

BALANCE SHEET
31 MARCH 2025

Notes £    £   
FIXED ASSETS
Tangible assets 4 30,776

CURRENT ASSETS
Stocks 1,000
Debtors 5 302,497
Cash at bank and in hand 520,724
824,221
CREDITORS
Amounts falling due within one year 6 441,449
NET CURRENT ASSETS 382,772
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

413,548

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

322,240

MEMBERS' OTHER INTERESTS
Capital accounts 91,308
413,548

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 322,240
Members' other interests 91,308
413,548

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 period ended 31 March 2025.

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.

JOHN WELCH & STAMMERS SOLICITORS LLP (REGISTERED NUMBER: OC449750)

BALANCE SHEET - continued
31 MARCH 2025


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 Profit & Loss Account has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 5 June 2025 and were signed by:





Mrs B M Summers - Designated member

JOHN WELCH & STAMMERS SOLICITORS LLP (REGISTERED NUMBER: OC449750)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 NOVEMBER 2023 TO 31 MARCH 2025

1. STATUTORY INFORMATION

John Welch & Stammers Solicitors 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
The limited liability partnership is incorporated in England under the Limited Liability Partnership Act 2000.

The address of the registered office is given on the limited liability partnership information page. The nature of the limited liability partnership’s operations and its principal activities are given in the members’ report.

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

The functional currency of John Welch & Stammers LLP is pound sterling.

John Welch & Stammers, a partnership with unlimited liability was transferred to John Welch & Stammers LLP on 1 April 2024.

These financial statements are the first statutory trading accounts of John Welch & Stammers LLP and reflect the trading results for the year ended 31 March 2025.

The transfer of business previously carried on by John Welch & Stammers, a partnership with unlimited liability, has been accounted for in accordance with the principles of merger accounting since the members of John Welch & Stammers LLP at the date of transfer were the same as the former partners of John Welch & Stammers and their rights, relative to each other, are unchanged.

Under the principles of merger accounting, the assets and liabilities of the former unlimited liability partnership have been included at their book values under the accounting policies of John Welch & Stammers LLP. In addition the income and expenditure of the unlimited liability partnership has been included under John Welch & Stammers LLP accounting policies.

Turnover
Turnover represents the value of services rendered during the year (excluding VAT) and comprises both completed work (gross fees billed) and incomplete unbilled work (accrued income).

Gross fees billed represent the amounts (excluding VAT) derived from the provision of completed work for clients during the year. In addition, accrued income is recognised in accordance with the principles of FRS102.

The movement in accrued income has been shown as turnover for the year. Accrued income in respect of matters of a non-contingent nature is calculated based upon the value of work done but not billed at the year end. The value represents the time spent on matters in progress at the firm’s billing rates, reduced to realisable value.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment & fixtures - 33% on cost

JOHN WELCH & STAMMERS SOLICITORS LLP (REGISTERED NUMBER: OC449750)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 NOVEMBER 2023 TO 31 MARCH 2025

2. ACCOUNTING POLICIES - continued

Members' remuneration and division of profits
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Profits are automatically allocated to members. They are therefore shown as "Members' remuneration charged as an expense" in the Profit and Loss Account in the relevant year. To the extent that they remain unpaid at the year end, they are included within "loan and other debts due to members" in the Balance Sheet.

Members' interests
Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as liabilities as the LLP does not have an unconditional right to refuse payment to members.

All other amounts due to members are classified as liabilities and are presented in the Balance Sheet within 'Loans and other debts due to members'.

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.

3. EMPLOYEE INFORMATION

The average number of employees during the period was 17 .

4. TANGIBLE FIXED ASSETS
Office
equipment
& fixtures
£   
COST
At 1 November 2023 9,358
Additions 41,427
At 31 March 2025 50,785
DEPRECIATION
Charge for period 20,009
At 31 March 2025 20,009
NET BOOK VALUE
At 31 March 2025 30,776
At 31 October 2023 9,358

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bills and disbursement 139,389
Prepayments & accrued income 83,608
Work in progress 79,500
302,497

JOHN WELCH & STAMMERS SOLICITORS LLP (REGISTERED NUMBER: OC449750)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 NOVEMBER 2023 TO 31 MARCH 2025

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Loans 52,756
Dilapidations provision 52,893
VAT 98,761
Creditors and accruals 237,039
441,449

7. LOANS AND OTHER DEBTS DUE TO MEMBERS
£   
Amounts owed to members in respect of profits 322,240

Falling due within one year 322,240

In the event of the LLP winding up, creditors interests will be met first and interests of the members will be met last.