| REGISTERED NUMBER: |
| Report of the Members and |
| Unaudited Financial Statements |
| for the Year Ended 31 March 2025 |
| for |
| Surrey Hills Solicitors LLP |
| REGISTERED NUMBER: |
| Report of the Members and |
| Unaudited Financial Statements |
| for the Year Ended 31 March 2025 |
| for |
| Surrey Hills Solicitors LLP |
| Surrey Hills Solicitors LLP (Registered number: OC413010) |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2025 |
| Page |
| General Information | 1 |
| Report of the Members | 2 |
| Income Statement | 3 |
| Other Comprehensive Income | 4 |
| Balance Sheet | 5 |
| Reconciliation of Members' Interests | 6 |
| Notes to the Financial Statements | 8 |
| Surrey Hills Solicitors LLP |
| General Information |
| for the Year Ended 31 March 2025 |
| DESIGNATED MEMBERS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| & Chartered Tax Advisers |
| C/O Mulberry & Co |
| Eastgate House |
| Dogflud Way |
| Farnham |
| Surrey |
| GU9 7UD |
| Surrey Hills Solicitors LLP (Registered number: OC413010) |
| Report of the Members |
| for the Year Ended 31 March 2025 |
| The members present their report with the financial statements of the LLP for the year ended 31 March 2025. |
| PRINCIPAL ACTIVITY |
| The principal activity of the LLP in the year under review was that of general practice 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 £744,172 (2024 - £499,562 profit). |
| MEMBERS' INTERESTS |
| ON BEHALF OF THE MEMBERS: |
| Surrey Hills Solicitors LLP (Registered number: OC413010) |
| Income Statement |
| for the Year Ended 31 March 2025 |
| Period |
| 1.8.23 |
| Year Ended | to |
| 31.3.25 | 31.3.24 |
| Notes | £ | £ |
| TURNOVER |
| Cost of sales | ( |
) | ( |
) |
| GROSS PROFIT |
| Administrative expenses | ( |
) | ( |
) |
| OPERATING PROFIT | 4 |
| Interest receivable and similar income |
| PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES |
744,172 |
499,562 |
| PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES |
744,172 |
499,562 |
| Members' remuneration charged as an expense |
5 |
(744,172 |
) |
(499,562 |
) |
| PROFIT FOR THE FINANCIAL YEAR AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS |
| Surrey Hills Solicitors LLP (Registered number: OC413010) |
| Other Comprehensive Income |
| for the Year Ended 31 March 2025 |
| Period |
| 1.8.23 |
| Year Ended | to |
| 31.3.25 | 31.3.24 |
| Notes | £ | £ |
| PROFIT FOR THE FINANCIAL YEAR AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS |
| OTHER COMPREHENSIVE INCOME | - | - |
| TOTAL COMPREHENSIVE INCOME FOR THE YEAR |
| Surrey Hills Solicitors LLP (Registered number: OC413010) |
| Balance Sheet |
| 31 March 2025 |
| 31.3.25 | 31.3.24 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 6 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 7 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 8 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| and |
| NET ASSETS ATTRIBUTABLE TO MEMBERS |
826,852 |
751,992 |
| LOANS AND OTHER DEBTS DUE TO MEMBERS |
9 |
826,852 |
751,992 |
| TOTAL MEMBERS' INTERESTS |
| Loans and other debts due to members | 9 | 826,852 | 751,992 |
| 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 |
| Surrey Hills Solicitors LLP (Registered number: OC413010) |
| Reconciliation of Members' Interests |
| for the Year Ended 31 March 2025 |
| EQUITY | DEBT | TOTAL |
| Members' | Loans and other debts due to | MEMBERS' |
| other | members less any amounts due | INTERESTS |
| interests | from members in debtors |
| Other | Other |
| reserves | amounts | Total |
| £ | £ | £ |
| Amount due to members | 751,992 |
| Amount due from members | - |
| Balance at 1 April 2024 | - | 751,992 | 751,992 |
| Members' remuneration charged as an expense, including employment and retirement benefit costs |
- |
744,172 |
744,172 |
| Profit for the financial year available for discretionary division among members |
- |
- |
- |
| Members' interests after profit for the year |
- |
1,496,164 |
1,496,164 |
| Drawings on account and distributions of profit |
- |
(669,312 |
) |
(669,312 |
) |
| Amount due to members | 826,852 |
| Amount due from members | - |
| Balance at 31 March 2025 | - | 826,852 | 826,852 |
| Surrey Hills Solicitors LLP (Registered number: OC413010) |
| Reconciliation of Members' Interests |
| for the Year Ended 31 March 2025 |
| EQUITY | DEBT | TOTAL |
| Members' | Loans and other debts due to | MEMBERS' |
| other | members less any amounts due | INTERESTS |
| interests | from members in debtors |
| Other | Other |
| reserves | amounts | Total |
| £ | £ | £ |
| Amount due to members | 826,371 |
| Amount due from members | - |
| Balance at 1 August 2023 | - | 826,371 | 826,371 |
| Members' remuneration charged as an expense, including employment and retirement benefit costs |
- |
499,562 |
499,562 |
| Profit for the financial year available for discretionary division among members |
- |
- |
- |
| Members' interests after profit for the year |
- |
1,325,933 |
1,325,933 |
| Drawings on account and distributions of profit |
- |
(573,941 |
) |
(573,941 |
) |
| Amount due to members | 751,992 |
| Amount due from members | - |
| Balance at 31 March 2024 | - | 751,992 | 751,992 |
| Surrey Hills Solicitors LLP (Registered number: OC413010) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2025 |
| 1. | STATUTORY INFORMATION |
| Surrey Hills Solicitors 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 |
| Turnover 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 |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Stocks |
| Work in progress is valued at the lower of cost and net realisable value. |
| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition. |
| 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 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. | OPERATING PROFIT |
| The operating profit is stated after charging: |
| Period |
| 1.8.23 |
| Year Ended | to |
| 31.3.25 | 31.3.24 |
| £ | £ |
| Depreciation - owned assets |
| Surrey Hills Solicitors LLP (Registered number: OC413010) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2025 |
| 5. | INFORMATION IN RELATION TO MEMBERS |
| Period |
| 1.8.23 |
| Year Ended | to |
| 31.3.25 | 31.3.24 |
| £ | £ |
| Members' remuneration charged as an expense |
| Automatic division of profit | 744,172 | 499,562 |
| 6. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Plant and | and |
| machinery | fittings | Totals |
| £ | £ | £ |
| COST |
| At 1 April 2024 |
| Additions |
| At 31 March 2025 |
| DEPRECIATION |
| At 1 April 2024 |
| Charge for year |
| At 31 March 2025 |
| NET BOOK VALUE |
| At 31 March 2025 |
| At 31 March 2024 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.25 | 31.3.24 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.25 | 31.3.24 |
| £ | £ |
| Trade creditors | ( |
) |
| Taxation and social security |
| Other creditors |
| Other creditors consist of amounts held on behalf of clients in clients bank accounts £5,120,664 (2024: £2,105,799) which are included as bank and cash balances. |
| Surrey Hills Solicitors LLP (Registered number: OC413010) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2025 |
| 9. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
| 31.3.25 | 31.3.24 |
| £ | £ |
| Amounts owed to members in respect of profits | 826,852 | 751,992 |
| Falling due within one year | 826,852 | 751,992 |
| Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up. There is no provision for specific legally enforceable protection afforded to creditors in such an event. There are no restrictions or limitations on the ability of the members to reduce the amount of ‘Members’ other interests'. |
| 10. | ULTIMATE CONTROLLING PARTY |
| The LLP is controlled by its members and as such there is no one controlling party. |