Limited Liability Partnership registration number OC334002 (England and Wales)
WILLIAMS THOMPSON SOLICITORS LLP
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
10 Bridge Street
Christchurch
Dorset
BH23 1EF
WILLIAMS THOMPSON SOLICITORS LLP
CONTENTS
Page
LLP Information
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 7
WILLIAMS THOMPSON SOLICITORS LLP
LIMITED LIABILITY PARTNERSHIP INFORMATION
- 1 -
Designated members
Mr S Bowden
Mrs E Hamilton Cole
Mrs S A Kadziola
Mr D A Orr
LLP registration number
OC334002
Registered office
Avon House
4 Bridge Street
Christchurch
Dorset
BH23 1DX
Accountants
TC Group
10 Bridge Street
Christchurch
Dorset
BH23 1EF
WILLIAMS THOMPSON SOLICITORS LLP
BALANCE SHEET
AS AT 31 MARCH 2025
31 March 2025
- 2 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
9,115
11,985
Current assets
Debtors
4
445,525
422,136
Cash at bank and in hand
173,320
90,828
618,845
512,964
Creditors: amounts falling due within one year
5
(95,896)
(85,118)
Net current assets
522,949
427,846
Total assets less current liabilities and net assets attributable to members
532,064
439,831
Represented by:
Loans and other debts due to members within one year
Amounts due in respect of profits
532,064
439,831

For the financial year ended 31 March 2025 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006 as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to small limited liability partnerships.

The members acknowledge their responsibilities for complying with the requirements of the Act as applied to limited liability partnerships with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to limited liability partnerships subject to the small limited liability partnerships regime.

The members of the limited liability partnership have elected not to include a copy of the profit and loss account within the financial statements.

The financial statements were approved by the members and authorised for issue on 25 July 2025 and are signed on their behalf by:
25 July 2025
Mr S Bowden
Mrs E Hamilton Cole
Designated member
Designated Member
WILLIAMS THOMPSON SOLICITORS LLP
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025
31 March 2025
- 3 -
Mrs S A Kadziola
Mr D A Orr
Designated Member
Designated Member
Limited Liability Partnership registration number OC334002 (England and Wales)
WILLIAMS THOMPSON SOLICITORS LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
1
Accounting policies
Limited liability partnership information

Williams Thompson Solicitors LLP is a limited liability partnership incorporated in England and Wales. The registered office is Avon House, 4 Bridge Street, Christchurch, Dorset, BH23 1DX.

 

The limited liability partnership's principal activities are disclosed in the Members' Report.

1.1
Accounting convention

These financial statements have been prepared in accordance with the Statement of Recommended Practice "Accounting by Limited Liability Partnerships" issued in December 2021, together with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the limited liability partnership. Monetary amounts in these financial statements are rounded to the nearest pound.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents the amounts recoverable for the services provided to clients, excluding value added tax, under contractual obligations which are performed gradually over time.

If, at the balance sheet date, completion of contractual obligations is dependent on external factors (and thus outside the control of the Limited Liability Partnership), then revenue is recognised only when the event occurs. In such cases, costs incurred up to the balance sheet date are carried forward as work in progress.

1.3
Members' participating interests

Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed remuneration and profits).

 

Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with section 22 of FRS 102. A member's participation rights including amounts subscribed or otherwise contributed by members, for example members' capital, are classed as liabilities unless the LLP has an unconditional right to refuse payment to members, in which case they are classified as equity.

Once an unavoidable obligation has been created in favour of members through allocation of profits or other means, any undrawn profits remaining at the reporting date are shown as ‘Loans and other debts due to members’ to the extent they exceed debts due from a specific member.

WILLIAMS THOMPSON SOLICITORS LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 5 -
1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
Straight line over the life of the lease
Law Library
N/A
Fixtures and fittings
15% on reducing balance
Computers
25% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.

1.5
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Retirement benefits and post retirement payments to members

The LLP operates a defined contribution scheme. Contributions payable to the LLP's pension scheme are charged to profit and loss in the period to which they relate.

1.7
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed.

2
Employees

The average number of persons (excluding members) employed by the partnership during the year was:

2025
2024
Number
Number
Total
16
15
WILLIAMS THOMPSON SOLICITORS LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
3
Tangible fixed assets
Leasehold improvements
Law Library
Fixtures and fittings
Computers
Total
£
£
£
£
£
Cost
At 1 April 2024 and 31 March 2025
11,865
1,248
164,693
177,676
355,482
Depreciation and impairment
At 1 April 2024
11,865
-
156,733
174,899
343,497
Depreciation charged in the year
-
-
1,194
1,676
2,870
At 31 March 2025
11,865
-
157,927
176,575
346,367
Carrying amount
At 31 March 2025
-
1,248
6,766
1,101
9,115
At 31 March 2024
-
1,248
7,960
2,777
11,985
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
62,466
115,658
Other debtors
383,059
306,478
445,525
422,136
5
Creditors: amounts falling due within one year
2025
2024
£
£
Taxation and social security
58,513
44,075
Other creditors
37,383
41,043
95,896
85,118
6
Loans and other debts due to members

In the event of a winding up the amounts included in "Loans and other debts due to members" will rank equally with unsecured creditors. No protection is afforded to creditors which is legally enforceable and cannot be revoked at will.

WILLIAMS THOMPSON SOLICITORS LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -
7
Operating lease commitments
Lessee
2025
2024
£
£
Within one year
16,621
13,194
Between two and five years
57,391
1,494
74,012
14,688
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