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REGISTERED NUMBER: OC423968 (England and Wales)















Report of the Members and

Financial Statements

for the Year Ended 31 March 2025

for

Nichols Marcy Dawson LLP

Nichols Marcy Dawson LLP (Registered number: OC423968)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

General Information 1

Report of the Members 2

Income Statement 3

Statement of Financial Position 4

Notes to the Financial Statements 6


Nichols Marcy Dawson LLP

General Information
for the Year Ended 31 March 2025







DESIGNATED MEMBERS: C Hadfield
C J H Mitchell
D E R Turnham
S Walker





REGISTERED OFFICE: Portman House
Colby Road
Walton-on-Thames
Surrey
KT12 2RN





REGISTERED NUMBER: OC423968 (England and Wales)





ACCOUNTANTS: Wilson Partners Limited
Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA

Nichols Marcy Dawson LLP (Registered number: OC423968)

Report of the Members
for the Year Ended 31 March 2025

The members present their report with the financial statements of the LLP for the year ended 31 March 2025.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of solicitors.

DESIGNATED MEMBERS
The designated members during the year under review were:

C Hadfield
C J H Mitchell
D E R Turnham
S Walker

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £807,270 (2024 - £725,012 profit).

MEMBERS' INTERESTS
The members maintain capital and current accounts.

Profits attributable to the members are credited to the members' current accounts. Drawings are paid to the members on a basis to be agreed by the members from time to time.

ON BEHALF OF THE MEMBERS:





C Hadfield - Designated member


11 July 2025

Nichols Marcy Dawson LLP (Registered number: OC423968)

Income Statement
for the Year Ended 31 March 2025

Period
1/2/23
Year ended to
31/3/25 31/3/24
Notes £    £   

REVENUE 2,118,814 1,984,754

Cost of sales (197,138 ) (203,399 )
GROSS PROFIT 1,921,676 1,781,355

Administrative expenses (1,222,522 ) (1,215,499 )
OPERATING PROFIT 5 699,154 565,856

Interest receivable and similar income 108,116 159,156
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE
FOR DISCRETIONARY DIVISION
AMONG MEMBERS




807,270




725,012

Nichols Marcy Dawson LLP (Registered number: OC423968)

Statement of Financial Position
31 March 2025

31/3/25 31/3/24
Notes £    £   
FIXED ASSETS
Property, plant and equipment 6 54,693 52,765

CURRENT ASSETS
Debtors 7 360,210 289,746
Cash at bank and in hand 837,907 581,664
1,198,117 871,410
CREDITORS
Amounts falling due within one year 8 (181,262 ) (114,608 )
NET CURRENT ASSETS 1,016,855 756,802
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,071,548

809,567

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

973,298

715,817

MEMBERS' OTHER INTERESTS
Capital accounts 98,250 93,750
1,071,548 809,567

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 973,298 715,817
Members' other interests 98,250 93,750
1,071,548 809,567

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 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.

Nichols Marcy Dawson LLP (Registered number: OC423968)

Statement of Financial Position - continued
31 March 2025


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

The financial statements were approved by the members of the LLP and authorised for issue on 11 July 2025 and were signed by:





C Hadfield - Designated member

Nichols Marcy Dawson LLP (Registered number: OC423968)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Nichols Marcy Dawson 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Straight line over 25 years
Improvements to property - over the period of the lease
Fixtures and fittings - 10% on cost
Computer equipment - 33% on cost

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.

Taxation
The taxation payable on the LLP profits is the personal liability of the members, but a transfer is made from each member's current account to a separate taxation reserve account for each member to cover the estimated tax liability arising.

4. EMPLOYEE INFORMATION

The average number of employees during the year was 20 (2024 - 21 ) .

5. OPERATING PROFIT

The operating profit is stated after charging:

Period
1/2/23
Year ended to
31/3/25 31/3/24
£    £   
Depreciation - owned assets 9,151 14,794

Nichols Marcy Dawson LLP (Registered number: OC423968)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

6. PROPERTY, PLANT AND EQUIPMENT
Improvements Fixtures
Freehold to and Computer
property property fittings equipment Totals
£    £    £    £    £   
Cost
At 1 April 2024 25,000 26,239 13,119 60,178 124,536
Additions - 1,530 - 9,549 11,079
At 31 March 2025 25,000 27,769 13,119 69,727 135,615
Depreciation
At 1 April 2024 250 12,280 5,153 54,088 71,771
Charge for year 1,000 2,293 1,312 4,546 9,151
At 31 March 2025 1,250 14,573 6,465 58,634 80,922
Net book value
At 31 March 2025 23,750 13,196 6,654 11,093 54,693
At 31 March 2024 24,750 13,959 7,966 6,090 52,765

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/25 31/3/24
£    £   
Trade debtors 281,685 212,537
Other debtors 78,525 77,209
360,210 289,746

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/25 31/3/24
£    £   
Taxation and social security 124,262 57,663
Other creditors 57,000 56,945
181,262 114,608

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

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