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REGISTERED NUMBER: 08699543 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

IBBOTSON BRADY SOLICITORS LIMITED

IBBOTSON BRADY SOLICITORS LIMITED (REGISTERED NUMBER: 08699543)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


IBBOTSON BRADY SOLICITORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: Mrs K Ibbotson
J M Ibbotson





REGISTERED OFFICE: Park House
Park Square West
Leeds
West Yorkshire
LS1 2PW





REGISTERED NUMBER: 08699543 (England and Wales)





ACCOUNTANTS: D & J Randles
Chartered Accountants
4 The Crescent
Adel
Leeds
West Yorkshire
LS16 6AA

IBBOTSON BRADY SOLICITORS LIMITED (REGISTERED NUMBER: 08699543)

ABRIDGED BALANCE SHEET
31 MARCH 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 153,864 167,851
Tangible assets 5 1,570 1,831
155,434 169,682

CURRENT ASSETS
Debtors 67,334 31,566
Cash at bank 265,368 244,969
332,702 276,535
CREDITORS
Amounts falling due within one year 81,289 59,514
NET CURRENT ASSETS 251,413 217,021
TOTAL ASSETS LESS CURRENT
LIABILITIES

406,847

386,703

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 406,747 386,603
SHAREHOLDERS' FUNDS 406,847 386,703

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company 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 relating to financial statements, so far as applicable to the company.

IBBOTSON BRADY SOLICITORS LIMITED (REGISTERED NUMBER: 08699543)

ABRIDGED BALANCE SHEET - continued
31 MARCH 2025


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 August 2025 and were signed on its behalf by:





J M Ibbotson - Director


IBBOTSON BRADY SOLICITORS LIMITED (REGISTERED NUMBER: 08699543)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1. STATUTORY INFORMATION

Ibbotson Brady Solicitors Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Although the directors previously considered that goodwill had an indefinite economic life, the directors have now considered that, in the light of the requirements of FRS102, goodwill should be amortised over a period of 20 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

IBBOTSON BRADY SOLICITORS LIMITED (REGISTERED NUMBER: 08699543)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2024
and 31 March 2025 279,747
AMORTISATION
At 1 April 2024 111,896
Amortisation for year 13,987
At 31 March 2025 125,883
NET BOOK VALUE

At 31 March 2025 153,864
At 31 March 2024 167,851

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2024 5,977
Additions 791
Disposals (3,704 )
At 31 March 2025 3,064
DEPRECIATION
At 1 April 2024 4,146
Charge for year 260
Eliminated on disposal (2,912 )
At 31 March 2025 1,494
NET BOOK VALUE
At 31 March 2025 1,570
At 31 March 2024 1,831

IBBOTSON BRADY SOLICITORS LIMITED (REGISTERED NUMBER: 08699543)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.25 31.3.24
value: £    £   
1,000 Ordinary £0.10 100 100

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J M Ibbotson.