IRIS Accounts Production v25.1.4.42 08640371 Board of Directors Board of Directors 1.12.23 30.11.24 30.11.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh086403712023-11-30086403712024-11-30086403712023-12-012024-11-30086403712022-11-30086403712022-12-012023-11-30086403712023-11-3008640371ns15:EnglandWales2023-12-012024-11-3008640371ns14:PoundSterling2023-12-012024-11-3008640371ns10:Director12023-12-012024-11-3008640371ns10:Director22023-12-012024-11-3008640371ns10:PrivateLimitedCompanyLtd2023-12-012024-11-3008640371ns10:SmallEntities2023-12-012024-11-3008640371ns10:AuditExempt-NoAccountantsReport2023-12-012024-11-3008640371ns10:SmallCompaniesRegimeForDirectorsReport2023-12-012024-11-3008640371ns10:SmallCompaniesRegimeForAccounts2023-12-012024-11-3008640371ns10:FullAccounts2023-12-012024-11-300864037112023-12-012024-11-3008640371ns10:RegisteredOffice2023-12-012024-11-3008640371ns5:CurrentFinancialInstruments2024-11-3008640371ns5:CurrentFinancialInstruments2023-11-3008640371ns5:ShareCapital2024-11-3008640371ns5:ShareCapital2023-11-3008640371ns5:RetainedEarningsAccumulatedLosses2024-11-3008640371ns5:RetainedEarningsAccumulatedLosses2023-11-3008640371ns5:NetGoodwill2023-12-012024-11-3008640371ns5:IntangibleAssetsOtherThanGoodwill2023-12-012024-11-3008640371ns5:ComputerSoftware2023-12-012024-11-3008640371ns5:ComputerEquipment2023-12-012024-11-3008640371ns5:NetGoodwill2023-11-3008640371ns5:ComputerSoftware2023-11-3008640371ns5:NetGoodwill2024-11-3008640371ns5:ComputerSoftware2024-11-3008640371ns5:NetGoodwill2023-11-3008640371ns5:ComputerSoftware2023-11-3008640371ns5:ComputerEquipment2023-11-3008640371ns5:ComputerEquipment2024-11-3008640371ns5:ComputerEquipment2023-11-3008640371ns5:WithinOneYearns5:CurrentFinancialInstruments2024-11-3008640371ns5:WithinOneYearns5:CurrentFinancialInstruments2023-11-3008640371ns5:DeferredTaxation2023-11-3008640371ns5:OtherProvisionsContingentLiabilities2023-11-3008640371ns5:DeferredTaxation2024-11-3008640371ns5:OtherProvisionsContingentLiabilities2024-11-30
REGISTERED NUMBER: 08640371 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

OLD BAILEY SOLICITORS LIMITED

OLD BAILEY SOLICITORS LIMITED (REGISTERED NUMBER: 08640371)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


OLD BAILEY SOLICITORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: R C Hayler
Ms C J Rents





REGISTERED OFFICE: Sussex House
Crowhurst Road
Brighton
BN1 8AF





REGISTERED NUMBER: 08640371 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
15 West Street
Brighton
East Sussex
BN1 2RL

OLD BAILEY SOLICITORS LIMITED (REGISTERED NUMBER: 08640371)

BALANCE SHEET
30 NOVEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 4,137 4,619
4,137 4,619

CURRENT ASSETS
Debtors 6 397,890 376,010
Cash at bank and in hand 608,265 321,570
1,006,155 697,580
CREDITORS
Amounts falling due within one year 7 298,932 235,656
NET CURRENT ASSETS 707,223 461,924
TOTAL ASSETS LESS CURRENT LIABILITIES 711,360 466,543

PROVISIONS FOR LIABILITIES 8 46,334 42,455
NET ASSETS 665,026 424,088

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 665,024 424,086
665,026 424,088

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company 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 relating to financial statements, so far as applicable to the company.

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 4 March 2025 and were signed on its behalf by:




R C Hayler - Director



Ms C J Rents - Director


OLD BAILEY SOLICITORS LIMITED (REGISTERED NUMBER: 08640371)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024


1. STATUTORY INFORMATION

Old Bailey 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Computer equipment - 33% on cost

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or is there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

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 assessments in periods different from those in which they are recognised in 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.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

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.

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 14 ) .

OLD BAILEY SOLICITORS LIMITED (REGISTERED NUMBER: 08640371)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


4. INTANGIBLE FIXED ASSETS
Computer
Goodwill software Totals
£    £    £   
COST
At 1 December 2023
and 30 November 2024 323,785 20,709 344,494
AMORTISATION
At 1 December 2023
and 30 November 2024 323,785 20,709 344,494
NET BOOK VALUE
At 30 November 2024 - - -
At 30 November 2023 - - -

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 December 2023 29,217
Additions 1,862
At 30 November 2024 31,079
DEPRECIATION
At 1 December 2023 24,598
Charge for year 2,344
At 30 November 2024 26,942
NET BOOK VALUE
At 30 November 2024 4,137
At 30 November 2023 4,619

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 189,303 203,210
Amounts owed by group undertakings 27,113 25,813
Other debtors 148,182 119,775
Prepayments 33,292 27,212
397,890 376,010

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 21,249 19,842
Tax 115,567 78,571
Social security and other taxes 29,958 10,973
VAT 75,462 63,837
Other creditors 2,555 1,287
Directors' loan accounts - 22,109
Accrued expenses 54,141 39,037
298,932 235,656

OLD BAILEY SOLICITORS LIMITED (REGISTERED NUMBER: 08640371)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 1,034 1,155
Other provisions 45,300 41,300
46,334 42,455

Deferred Other
tax provisions
£    £   
Balance at 1 December 2023 1,155 41,300
Accelerated Capital Allowances (121 ) -
Dilapidation Funds - 4,000
Balance at 30 November 2024 1,034 45,300

Other provisions represent dilapidation funds in connection to the commercial property the business occupies.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Obs (Holding) Limited.

This was by virtue of their 100% holding of the issued share capital.