| REGISTERED NUMBER: |
| Report of the Members and |
| Financial Statements |
| for the Year Ended 31 March 2025 |
| for |
| Nichols Marcy Dawson LLP |
| REGISTERED NUMBER: |
| 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: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 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: |
| 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: |
| 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 |
| Cost of sales | ( |
) | ( |
) |
| GROSS PROFIT |
| Administrative expenses | ( |
) | ( |
) |
| OPERATING PROFIT | 5 |
| Interest receivable and similar income |
| PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS |
| 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 |
| CURRENT ASSETS |
| Debtors | 7 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 8 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| 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 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 were approved by the members of the LLP and authorised for issue on |
| 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 |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| Freehold property | - |
| Improvements to property | - |
| Fixtures and fittings | - |
| Computer equipment | - |
| 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 |
| 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 |
| 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 |
| Additions |
| At 31 March 2025 |
| Depreciation |
| At 1 April 2024 |
| Charge for year |
| At 31 March 2025 |
| Net book value |
| At 31 March 2025 |
| At 31 March 2024 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31/3/25 | 31/3/24 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31/3/25 | 31/3/24 |
| £ | £ |
| Taxation and social security |
| Other creditors |
| 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. |