| REGISTERED NUMBER: |
| Report of the Members and |
| Unaudited Financial Statements for the Year Ended 31 January 2025 |
| for |
| VAN BAEL & BELLIS (LONDON) LLP |
| REGISTERED NUMBER: |
| Report of the Members and |
| Unaudited Financial Statements for the Year Ended 31 January 2025 |
| for |
| VAN BAEL & BELLIS (LONDON) LLP |
| VAN BAEL & BELLIS (LONDON) LLP (Registered number: OC431476) |
| Contents of the Financial Statements |
| for the Year Ended 31 January 2025 |
| Page |
| General Information | 1 |
| Report of the Members | 2 |
| Income Statement | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 |
| VAN BAEL & BELLIS (LONDON) LLP |
| General Information |
| for the Year Ended 31 January 2025 |
| DESIGNATED MEMBERS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| VAN BAEL & BELLIS (LONDON) LLP (Registered number: OC431476) |
| Report of the Members |
| for the Year Ended 31 January 2025 |
| The members present their report with the financial statements of the LLP for the year ended 31 January 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 £922,432 (2024 - £663,291 profit). |
| MEMBERS' INTERESTS |
| CHANGES DURING THE YEAR |
| David Hull resigned on 27 May 2024. |
| ON BEHALF OF THE MEMBERS: |
| VAN BAEL & BELLIS (LONDON) LLP (Registered number: OC431476) |
| Income Statement |
| for the Year Ended 31 January 2025 |
| 31.1.25 | 31.1.24 |
| Notes | £ | £ |
| REVENUE |
| Cost of sales |
| GROSS PROFIT |
| Administrative expenses |
| 920,217 | 662,928 |
| Other operating income |
| OPERATING PROFIT and |
| PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS |
| VAN BAEL & BELLIS (LONDON) LLP (Registered number: OC431476) |
| Balance Sheet |
| 31 January 2025 |
| 31.1.25 | 31.1.24 |
| Notes | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Prepayments and accrued income |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| and |
| NET ASSETS ATTRIBUTABLE TO MEMBERS |
647,383 |
427,542 |
| LOANS AND OTHER DEBTS DUE TO MEMBERS |
8 |
647,383 |
427,542 |
| TOTAL MEMBERS' INTERESTS |
| Loans and other debts due to members | 8 | 647,383 | 427,542 |
| Amounts due from members | 6 | - | (21,550 | ) |
| 647,383 | 405,992 |
| 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. |
| The financial statements were approved by the members of the LLP and authorised for issue on |
| VAN BAEL & BELLIS (LONDON) LLP (Registered number: OC431476) |
| Notes to the Financial Statements |
| for the Year Ended 31 January 2025 |
| 1. | STATUTORY INFORMATION |
| VAN BAEL & BELLIS (LONDON) LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page. |
| 2. | 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 |
| 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 |
| Payments in respect of other post-retirement benefits are charged to profit or loss in the period to which they relate. |
| 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. |
| 3. | EMPLOYEE INFORMATION |
| The average number of employees during the year was |
| 4. | INFORMATION IN RELATION TO MEMBERS |
| 31.1.25 | 31.1.24 |
| The average number of members during the year was | 3 | 4 |
| 5. | TANGIBLE ASSETS |
| Artwork |
| £ |
| COST |
| At 1 February 2024 |
| and 31 January 2025 |
| NET BOOK VALUE |
| At 31 January 2025 |
| At 31 January 2024 |
| VAN BAEL & BELLIS (LONDON) LLP (Registered number: OC431476) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 January 2025 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.1.25 | 31.1.24 |
| £ | £ |
| Trade debtors |
| Amounts due from members | - | 21,550 |
| Other debtors |
| Amounts due from former member | 21,550 | - |
| VAT |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.1.25 | 31.1.24 |
| £ | £ |
| Trade creditors |
| Social security and other taxes |
| VAT | 6,513 | - |
| Other creditors |
| Accrued expenses |
| 8. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
| 31.1.25 | 31.1.24 |
| £ | £ |
| Amounts owed to members in respect of profits | 647,383 | 427,542 |
| Falling due within one year | 647,383 | 427,542 |
| Capital loans and other debts due to members rank behind creditors, in accordance with the members' agreement. |