Registration number: OC334493

Glaisyers Solicitors LLP

Contents

Limited liability partnership information	1
Members' Report	2
Statement of Members' Responsibilities	3
Independent Auditor's Report	4 to 7
Financial Statements	8 to 20
Profit and Loss Account	8
Balance Sheet	9
Statement of Changes in Members’ Interests	11
Notes to the Financial Statements	12

Glaisyers Solicitors LLP

Limited liability partnership information

Designated members

ETL Holdings (UK) Ltd Mr David Russell Jones

Registered office

3 Hardman Street, Manchester Greater Manchester M3 3HF

Auditors

SCCA Ltd 3 The Studios 320 Chorley Old Road Bolton Lancashire BL1 4JU

Glaisyers Solicitors LLP

Members' Report for the Year Ended 31 December 2024

The members present their report and the financial statements for the year ended 31 December 2024.

Firm structure

The LLP is a limited liability partnership registered in England and Wales. A list of designated members’ names is available for inspection at the LLP’s registered office.

Principal activity

The principal activity of the limited liability partnership is a solicitors practice.

Designated members

The members who held office during the year were as follows:

ETL Holdings (UK) Ltd

Mr David Russell Jones

Members' drawings and the subscription and repayment of members' capital

The members are required to contribute a fixed sum as capital (classed as equity) which may not usually be withdrawn prior to their retirement from the LLP. The sum is reviewed as the needs of the business change. All profits earned by and attributed to the members are treated as loans and other debts due to members, against which members may make periodic drawings including amounts to meet lump sum tax payments.

Disclosure of information to the auditors

Each member has taken steps that they ought to have taken as a member in order to make themselves aware of any relevant audit information and to establish that the limited liability partnership's auditors are aware of that information. The members confirm that there is no relevant information that they know of and of which they know the auditors are unaware.

Approved by the Board on 29 September 2025 and signed on its behalf by:

......................................... Mr David Russell Jones Designated member

Glaisyers Solicitors LLP

Statement of Members' Responsibilities for the Year Ended 31 December 2024

The members are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

The Limited Liability Partnerships (Accounts & Audit) (Application of Companies Act 2006) Regulations 2008 require the members to prepare financial statements for each financial year. Under that law the members have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under Company law as applied to LLPs the members must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the limited liability partnership and of the profit or loss of the limited liability partnership for that year. In preparing these financial statements, the members are required to:

•	select suitable accounting policies and then apply them consistently;

•	make judgements and accounting estimates that are reasonable and prudent;

•	state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

•	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Partnership will continue in business.

The members are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the limited liability partnership and enable them to ensure that the financial statements comply with the Companies Act 2006, as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, and in accordance with the requirements of the Statement of Recommended Practice Accounting by Limited Liability Partnerships (issued January 2017). They are also responsible for safeguarding the assets of the limited liability partnership and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

These responsibilities are exercised by the Board on behalf of the members.

Glaisyers Solicitors LLP

Independent Auditor's Report to the Members of Glaisyers Solicitors LLP

Opinion

We have audited the financial statements of Glaisyers Solicitors LLP (the ‘limited liability partnership’) for the year ended 31 December 2024, which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Members’ Interests, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

•	give a true and fair view of the state of the limited liability partnership's affairs as at 31 December 2024 and of its profit for the year then ended;
•	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
•	have been prepared in accordance with the requirements of the Companies Act 2006, as applied to limited liability partnerships.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the limited liability partnership in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the members' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the entity's ability to continue as a going concern for a period of at least twelve months from when the original financial statements are authorised for issue.

Our responsibilities and the responsibilities of the members with respect to going concern are described in the relevant sections of this report.

Other information

The members are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Glaisyers Solicitors LLP

Independent Auditor's Report to the Members of Glaisyers Solicitors LLP

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

•	adequate accounting records have not been kept by the limited liability partnership, or returns adequate for our audit have not been received from branches not visited by us; or
•	the limited liability partnership financial statements are not in agreement with the accounting records and returns; or
•	we have not received all the information and explanations we require for our audit.

Responsibilities of members

As explained more fully in the Statement of Members' Responsibilities [set out on page 3], the members are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the members determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the members are responsible for assessing the limited liability partnership's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the members either intend to liquidate the limited liability partnership or to cease operations, or have no realistic alternative but to do so.

Auditor Responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists.
Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Glaisyers Solicitors LLP

Independent Auditor's Report to the Members of Glaisyers Solicitors LLP

Extent to which the audit was considered capable of detecting irregularities, including fraud
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:

- The engagement partner ensured that the engagement team collectively had the appropriate competence,
capabilities and skills to identify or recognise non-compliance with applicable laws and regulations.
- Enquiring of management whether they are aware of any non-compliance with laws and regulations.
- Enquiring of management whether they are aware of any actual, suspected or alleged fraud.
- Enquiring of management whether they had internal controls established to mitigate risk related to fraud or non-compliance with laws and regulations.
- Discussions amongst the engagement team on how and where fraud might occur in the financial statements and any potential indicators of fraud. As part of this discussion, we identified potential for fraud in the following areas: posting of unusual journals and fraudulent revenue recognition.
- Obtaining an understanding of the regulatory framework the company operates in focusing on those laws and regulations that had a direct effect on the financial statements or that had a fundamental effect on the operations. The key laws and regulations that we considered in this context included the financial framework the company operates under (FRS102), the UK Companies Act, tax legislation and health and safety legislation.

Audit response to risks identified

Fraud due to management override

To address the risk of fraud through management bias and override of controls, we:
- Audited the risk of management override of controls, including through testing journal entries for appropriateness.
- Assessed whether judgements and assumptions made in determining the accounting estimates included in the financial statements showed indications of potential bias; and
- Investigated the rationale behind any significant or unusual transactions included in the financial statements.

Fraudulent revenue recognition

To address the risk of fraudulent revenue recognition we:
- Performed testing on a sample of turnover transactions that occurred during the financial year.
- Performed cut-off testing on turnover around the year end.

Irregularities and non-compliance with laws and regulations

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but are not limited to:

- Agreeing financial statement disclosures to underlying supporting documentation.
- Enquiring of management as to actual and potential litigation claims they are aware of.
- Reviewing legal cost nominals for evidence of potential litigation or claims.
- Reviewing correspondence with regulators for evidence of non-compliance with laws and regulations.

The test nature and other inherent limitations of an audit, together with the inherent limitations of any accounting and internal control system, mean that there is an unavoidable risk that even some material misstatements in respect of irregularities may remain undiscovered even though the audit is properly planned and performed in accordance with ISA's (UK). Furthermore, the more removed that laws and regulations are from financial transactions, the less likely that we would become aware of non-compliance.

Glaisyers Solicitors LLP

Independent Auditor's Report to the Members of Glaisyers Solicitors LLP

A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the limited liability partnership’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006, as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts & Audit) (Application of Companies Act 2006) Regulations 2008. Our audit work has been undertaken so that we might state to the limited liability partnership’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the limited liability partnership, and the limited liability partnership members as a body, for our audit work, for this report, or for the opinions we have formed.

......................................
Robert Stafford BA (hons) FCA (Senior Statutory Auditor)
For and on behalf of SCCA Ltd, Statutory Auditor

3 The Studios
320 Chorley Old RoadBolton
Lancashire
BL1 4JU

29 September 2025

Glaisyers Solicitors LLP

Profit and Loss Account for the Year Ended 31 December 2024

	Note	Total 2024 £	Total 2023 £
Turnover		7,292,846	6,668,915
Administrative expenses		(7,364,326)	(6,122,701)
Other operating income		130,809	16,054
Operating profit	2	59,329	562,268
Other interest receivable and similar income	3	483,701	180,069
Interest payable and similar expenses	4	(185,777)	(107,278)
Profit for the year before members' remuneration and profit shares		357,253	635,059
Members' remuneration charged as an expense		(357,253)	(635,059)
Profit/(loss) for the year available for discretionary division among members		-	-

Turnover and operating profit derive wholly from continuing operations.

The limited liability partnership has no recognised gains or losses for the year other than the results above.

Glaisyers Solicitors LLP

(Registration number: OC334493)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	7	130,531	190,369
Investments	8	265,075	265,075
		395,606	455,444
Current assets
Debtors	9	8,256,082	6,827,274
Cash and short-term deposits		130,689	13,717
		8,386,771	6,840,991
Creditors: Amounts falling due within one year	10	(3,410,517)	(1,923,018)
Net current assets		4,976,254	4,917,973
Total assets less current liabilities		5,371,860	5,373,417
Creditors: Amounts falling due after more than one year	11	(3,610,173)	(3,709,925)
Net assets attributable to members		1,761,687	1,663,492
Represented by:
Loans and other debts due to members
Members' capital classified as a liability		1,060,185	961,990
Members’ other interests
Members' capital classified as equity		701,502	701,502
		1,761,687	1,663,492
Total members' interests
Loans and other debts due to members		1,060,185	961,990
Equity		701,502	701,502
		1,761,687	1,663,492