Company No: 08483113 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	30.04.2025		31.12.2023
		£		£
Fixed assets
Intangible assets	3	6,250		26,259
Tangible assets	4	29,812		33,959
		36,062		60,218
Current assets
Debtors	5	950,734		718,867
Cash at bank and in hand		419,539		152,055
		1,370,273		870,922
Creditors: amounts falling due within one year	6	( 651,362)		( 407,449)
Net current assets		718,911		463,473
Total assets less current liabilities		754,973		523,691
Creditors: amounts falling due after more than one year	7	0		( 56,678)
Provision for liabilities		( 6,700)		( 8,200)
Net assets		748,273		458,813
Capital and reserves
Called-up share capital	8	100		100
Profit and loss account		748,173		458,713
Total shareholder's funds		748,273		458,813

For the financial period ending 30 April 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial period in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Frodshams Solicitors Limited (registered number: 08483113) were approved and authorised for issue by the Board of Directors on 25 September 2025. They were signed on its behalf by:

A N Woods Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Frodshams Solicitors Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Morland House, 18 The Parks, Newton-Le-Willows, 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 Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The financial statements have been prepared on a going concern basis.

The Limited Company ceased trading as a law firm on 1 May 2025. At this date, the Limited Company's trade and net assets, excluding the director's loan account, were transferred on a going concern basis into the new LLP entity, Frodshams LLP.

As such these financial statements of Frodshams Solicitors Limited cover the legal services trade up to 1 May 2025.

Reporting period length

Reporting period length has been extended by four months to 30 April 2025 to align with the cessation of trade in the Limited Company upon conversion to an LLP. Due to this, the amounts presented in the profit and loss are not directly comparable with the prior year figures.

Turnover

Turnover represents the value of services rendered during the period (excluding VAT) and comprises both completed work (gross fees billed) and incomplete unbilled work (accrued income and work in progress).

Gross fees billed represents the amounts (excluding VAT) derived from the provision of completed work for the clients during the period. In addition, the movement in accrued income and work in progress has been shown as turnover for the period.

Accrued income in respect of matters of a non-contingent nature is calculated based upon the value of work done but not billed at the period end. The value represents the time spent on matters in progress at the firm's billing rates, reduced to a realisable value.

Employee benefits

Defined contribution schemes
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.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill	10 years straight line
Computer software	3 years straight line

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015.

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 reducing balance basis over its expected useful life, as follows:

Fixtures and fittings	25 % reducing balance
Office equipment	25 % reducing balance
Computer equipment	25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

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.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

2. Employees

	Period from 01.01.2024 to 30.04.2025		Year ended 31.12.2023
	Number		Number
Monthly average number of persons employed by the Company during the period, including directors	34		27

3. Intangible assets

	Goodwill		Computer software		Total
	£		£		£
Cost
At 01 January 2024	150,000		65,005		215,005
At 30 April 2025	150,000		65,005		215,005
Accumulated amortisation
At 01 January 2024	123,750		64,996		188,746
Charge for the financial period	20,000		9		20,009
At 30 April 2025	143,750		65,005		208,755
Net book value
At 30 April 2025	6,250		0		6,250
At 31 December 2023	26,250		9		26,259

4. Tangible assets

	Fixtures and fittings		Office equipment		Computer equipment		Total
	£		£		£		£
Cost
At 01 January 2024	2,376		35,585		38,643		76,604
Additions	0		9,549		1,210		10,759
At 30 April 2025	2,376		45,134		39,853		87,363
Accumulated depreciation
At 01 January 2024	1,666		10,443		30,536		42,645
Charge for the financial period	240		11,564		3,102		14,906
At 30 April 2025	1,906		22,007		33,638		57,551
Net book value
At 30 April 2025	470		23,127		6,215		29,812
At 31 December 2023	710		25,142		8,107		33,959

5. Debtors

	30.04.2025		31.12.2023
	£		£
Trade debtors	16,338		66,618
Amounts owed by directors	175,010		100,155
Prepayments and accrued income	734,694		522,871
Other debtors	24,692		29,223
	950,734		718,867

6. Creditors: amounts falling due within one year

	30.04.2025		31.12.2023
	£		£
Bank loans	221,355		124,653
Trade creditors	46,673		8,220
Amounts owed to directors	0		15,000
Accruals	27,330		39,821
Corporation tax	162,700		109,800
Other taxation and social security	126,355		101,743
Other creditors	66,949		8,212
	651,362		407,449

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

	30.04.2025		31.12.2023
	£		£
Bank loans	0		44,178
Amounts owed to directors	0		12,500
	0		56,678

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

	30.04.2025		31.12.2023
	£		£
Allotted, called-up and fully-paid
88 A ordinary shares of £ 1.00 each	88		88
10 B ordinary shares of £ 1.00 each	10		10
1 C ordinary share of £ 1.00	1		1
1 D ordinary share of £ 1.00	1		1
	100		100

Ordinary A shares have voting rights and entitle the holder to rights to capital and dividends.

Ordinary B shares have voting rights and entitle the holder to rights to capital and dividends.

Ordinary C shares have voting rights and entitle the holder to rights to capital and dividends.

Ordinary D shares have voting rights and entitle the holder to rights to capital and dividends.

9. Financial commitments

Other financial commitments

The total amount of financial commitments not included in the balance sheet is £80,601 (2023 - £150,430).

10. Related party transactions

Transactions with the entity's directors

	30.04.2025		31.12.2023
	£		£
A N Woods	(175,010)		(100,155)

The loan is repayable on demand. Directors Loan Account charged at HMRC's official rate of 2.25%.