COMPANY REGISTRATION NUMBER:
00028230
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The Wolverhampton Law Society |
|
|
Company Limited by Guarantee |
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Filleted Unaudited Abridged Financial Statements |
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The Wolverhampton Law Society |
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Company Limited by Guarantee |
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Abridged Statement of Financial Position |
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31 December 2024
Current assets
|
Cash at bank and in hand |
17,643 |
|
17,643 |
|
-------- |
|
-------- |
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Net current assets |
|
17,643 |
17,643 |
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|
-------- |
-------- |
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Total assets less current liabilities |
|
17,643 |
17,643 |
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|
-------- |
-------- |
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Capital and reserves
|
Profit and loss account |
|
17,643 |
17,643 |
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|
-------- |
-------- |
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Members funds |
|
17,643 |
17,643 |
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-------- |
-------- |
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These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
.
All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the year ending 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.
These abridged financial statements were approved by the
board of directors
and authorised for issue on
26 September 2025
, and are signed on behalf of the board by:
Company registration number:
00028230
|
The Wolverhampton Law Society |
|
|
Company Limited by Guarantee |
|
|
Notes to the Abridged Financial Statements |
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Year ended 31 December 2024
1.
General information
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is 6-10 George Street, Wolverhampton, West Midlands, WV2 4DN.
2.
Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Financial instruments
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 entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument.
4.
Company limited by guarantee
The company is limited by guarantee and has no authorised or issued share capital.
5.
Related party transactions
No transactions with related parties were undertaken such as are required to be disclosed under FRS 102 section 1A.