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Company No: OC421166 (England and Wales)

ROSIE BRACHER SOLICITORS LLP

Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

ROSIE BRACHER SOLICITORS LLP

Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

ROSIE BRACHER SOLICITORS LLP

BALANCE SHEET

As at 31 March 2025
ROSIE BRACHER SOLICITORS LLP

BALANCE SHEET (continued)

As at 31 March 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 3 18,824 14,213
18,824 14,213
Current assets
Debtors 4 484,878 406,663
Cash at bank and in hand 37,541 51,291
522,419 457,954
Creditors: amounts falling due within one year 5 ( 142,452) ( 131,471)
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 ( 5,577) ( 20,077)
Net assets attributable to members 393,214 320,619
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

For the financial year ending 31 March 2025 the LLP 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.

Members' responsibilities:

The financial statements of Rosie Bracher Solicitors LLP (registered number: OC421166) were approved and authorised for issue by the Board of Directors on 01 August 2025. They were signed on its behalf by:

Ramin Shamsolahi
Designated member
ROSIE BRACHER SOLICITORS LLP

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
ROSIE BRACHER SOLICITORS LLP

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
1. Accounting policies

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.

General information and basis of accounting

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 £.

Going concern

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.

Turnover

Revenue is recognised to the extent that the limited liability partnership obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

The taxation payable on the partnership's profits is the personal liability of the members, although payment of such liabilities is administered by the partnership on behalf of its members. Consequently, neither partnership taxation nor related deferred taxation is accounted for in these financial statements. Sums set aside in respect of members' tax obligations are included in the balance sheet within loans and other debts due to members, or are set against amounts due from members as appropriate.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Leasehold improvements 5 years straight line
Vehicles 4 years straight line
Fixtures and fittings 6.67 years straight line
Office equipment 4 years straight line
Financial instruments

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.

Members' remuneration and division of profits

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.

Members' interest

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'.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the LLP during the year 16 15

3. Tangible assets

Leasehold improve-
ments
Vehicles Fixtures and fittings Office equipment Total
£ £ £ £ £
Cost
At 01 April 2024 12,219 3,593 15,876 37,681 69,369
Additions 0 0 2,762 4,081 6,843
At 31 March 2025 12,219 3,593 18,638 41,762 76,212
Accumulated depreciation
At 01 April 2024 12,219 3,593 12,304 27,040 55,156
Charge for the financial year 0 0 620 1,612 2,232
At 31 March 2025 12,219 3,593 12,924 28,652 57,388
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

4. Debtors

2025 2024
£ £
Trade debtors 134,276 104,233
Amounts owed by related parties 0 1,993
Prepayments and accrued income 337,308 282,407
Other debtors 13,294 18,030
484,878 406,663

5. Creditors: amounts falling due within one year

2025 2024
£ £
Bank loans (secured £ 10,439) 15,439 15,929
Trade creditors 0 2,243
Accruals 11,322 10,282
Other taxation and social security 113,983 101,395
Other creditors 1,708 1,622
142,452 131,471

The bank loan is secured by way of a fixed and floating charge over the assets of the LLP.

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.

6. Creditors: amounts falling due after more than one year

2025 2024
£ £
Bank loans (secured £ 2,895) 5,577 20,077

The bank loan is secured by way of a fixed and floating charge over the assets of the LLP.

7. Financial commitments

Commitments

The total amount of financial commitments not included in the balance sheet is £17,989 (2024: £29,554)

8. Related party transactions

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).