REGISTERED NUMBER: OC364872 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2025

FOR

COLDHAM SHIELD & MACE SOLICITORS LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

J Kayani

S R Stride

Y Dalvi

REGISTERED OFFICE:

123 - 125, Station Road,

Chingford,

London,

E4 6AG

REGISTERED NUMBER:

OC364872 (England and Wales)

ACCOUNTANTS:

Cobbin Floyd Ltd

t/as Findlay Wetherfield Scott & Co.

Chartered Accountants

137, Station Road

Chingford,

London

E4 6AG

FIXED ASSETS

Intangible assets

4

33,750

33,750

Tangible assets

5

5,388

6,734

39,138

40,484

CURRENT ASSETS

Stocks

185,000

163,525

Debtors

6

10,310

39,051

Cash at bank and in hand

14,004

17,213

209,314

219,789

CREDITORS

Amounts falling due within one year

7

(173,888

)

(218,294

)

NET CURRENT ASSETS

35,426

1,495

TOTAL ASSETS LESS CURRENT LIABILITIES

74,564

41,979

CREDITORS

Amounts falling due after more than one year

8

(28,208

)

(28,208

)

NET ASSETS ATTRIBUTABLE TO MEMBERS

46,356

13,771

LOANS AND OTHER DEBTS DUE TO MEMBERS

9

46,356

13,771

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

46,356

13,771

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31st May 2025.

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 have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 7th August 2025 and were signed by:

S R Stride - Designated member

Y Dalvi - Designated member

1.	STATUTORY INFORMATION

Coldham Shield & Mace 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

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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. 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

Goodwill, being the amount paid in connection with the acquisition of the former partnership business in 2011, is not being amortised as the value has not diminished during the period.

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.

Short leasehold

-

in accordance with the property

Fixtures and fittings

-

10% on reducing balance

Computer equipment

-

33% on cost

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 9 (2024 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st June 2024

and 31st May 2025

33,750

NET BOOK VALUE

At 31st May 2025

33,750

At 31st May 2024

33,750

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Computer

leasehold

fittings

equipment

Totals

£

£

£

£

COST

At 1st June 2024

and 31st May 2025

1,284

110,486

131,986

243,756

DEPRECIATION

At 1st June 2024

1,283

103,754

131,985

237,022

Charge for year

-

1,346

-

1,346

At 31st May 2025

1,283

105,100

131,985

238,368

NET BOOK VALUE

At 31st May 2025

1

5,386

1

5,388

At 31st May 2024

1

6,732

1

6,734

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

10,310

39,051

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Loans

35,507

103,398

Social security and other taxes

2,447

1,929

VAT

69,720

50,754

Other creditors

603

603

Amount due to former partner

15,370

15,370

Accrued expenses

50,241

46,240

173,888

218,294

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

28,208

28,208

Included within other creditors due after more than one year are sums due to former partners of Coldham Shield & Mace, which will be repaid over a period of time which is still to be determined.

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

All amounts due to creditors will be settled prior to clearing loans and other debts due to members.