Company No:
Contents
| Note | 2025 | 2024 | ||
| £ | £ | |||
| Fixed assets | ||||
| Tangible assets | 3 |
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| 18,824 | 14,213 | |||
| Current assets | ||||
| Debtors | 4 |
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| Cash at bank and in hand |
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| 522,419 | 457,954 | |||
| Creditors: amounts falling due within one year | 5 | (
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| Net current assets | 379,967 | 326,483 | ||
| Total assets less current liabilities | 398,791 | 340,696 | ||
| Creditors: amounts falling due after more than one year | 6 | (
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| Net assets attributable to members |
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| Represented by | ||||
| Loans and other debts due to members within one year | ||||
| Other amounts | 153,214 | 80,619 | ||
| 153,214 | 80,619 | |||
| Members' other interests | ||||
| Members' capital classified as equity | 240,000 | 240,000 | ||
| 240,000 | 240,000 | |||
| 393,214 | 320,619 | |||
| Total members' interests | ||||
| Loans and other debts due to members | 153,214 | 80,619 | ||
| Members' other interests | 240,000 | 240,000 | ||
| 393,214 | 320,619 |
Members' responsibilities:
The financial statements of Rosie Bracher Solicitors LLP (registered number:
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Ramin Shamsolahi
Designated member |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Rosie Bracher Solicitors LLP is a limited liability partnership, incorporated in the United Kingdom under the Limited Liability Partnerships Act 2000 and is registered in England and Wales. The address of the LLP's registered office is 90/91 Boutport Street, Barnstaple, EX31 1SX, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Limited Liability Partnerships Act 2000 as applicable to companies subject to the small companies regime and the requirements of the Statement of Recommended Practice Accounting by Limited Liability Partnerships issued in December 2021 (SORP 2022).
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
The members have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The members have a reasonable expectation that the LLP has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
| Leasehold improvements |
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| Vehicles |
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| Fixtures and fittings |
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| Office equipment |
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Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.
Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.
Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.
Other basic financial liabilities are measured at amortised cost.
Profits are automatically allocated to members. They are therefore shown as 'Members' remuneration charges as an expense' in the Profit and Loss Account in the relevant year. To the extent that they remain unpaid at the year end, they are included within 'Loans and other debts due to members' in the Balance Sheet.
Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as liabilities as the LLP does not have an unconditional right to refuse payment to members.
All other amounts due to members are classified as liabilities and are presented in the Balance Sheet within 'Loans and other debts due to members'.
| 2025 | 2024 | ||
| Number | Number | ||
| Monthly average number of persons employed by the LLP during the year |
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| Leasehold improve- ments |
Vehicles | Fixtures and fittings | Office equipment | Total | |||||
| £ | £ | £ | £ | £ | |||||
| Cost | |||||||||
| At 01 April 2024 |
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| Additions |
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| At 31 March 2025 |
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| Accumulated depreciation | |||||||||
| At 01 April 2024 |
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| Charge for the financial year |
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| At 31 March 2025 |
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| Net book value | |||||||||
| At 31 March 2025 | 0 | 0 | 5,714 | 13,110 | 18,824 | ||||
| At 31 March 2024 | 0 | 0 | 3,572 | 10,641 | 14,213 |
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| £ | £ | ||
| Trade debtors |
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| Amounts owed by related parties |
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| Prepayments and accrued income |
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| Other debtors |
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| £ | £ | ||
| Bank loans (secured £
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| Trade creditors |
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| Accruals |
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| Other taxation and social security |
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| Other creditors |
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Capital loans and other debts due to members rank pari passu with creditors, in accordance with the members' agreement. There are no restrictions on the members' ability to reduce the amount of members' other interests.
| 2025 | 2024 | ||
| £ | £ | ||
| Bank loans (secured £
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Commitments
The total amount of financial commitments not included in the balance sheet is £17,989 (2024: £29,554)
Transactions with entities in which the entity itself has a participating interest
A rental agreement exists between the LLP and Rosie Bracher Limited, a connected company. Rent paid during the year amounted to £48,000 (2024: £45,000).