Jacksons Commercial & Private Law LLP - Accounts to registrar (filleted)

REGISTERED NUMBER: OC305011 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Jacksons Commercial & Private Law LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

A J Wentworth

T M Joel

E M Turner

N H Neilson

REGISTERED OFFICE:

17 Falcon Court

Preston Farm Ind Estate

STOCKTON ON TEES

TS18 3TU

REGISTERED NUMBER:

OC305011 (England and Wales)

ACCOUNTANTS:

Clive Owen LLP

Chartered Accountants

140 Coniscliffe Road

DARLINGTON

Co Durham

DL3 7RT

FIXED ASSETS

Tangible assets

4

74,554

102,280

Investments

5

1

74,555

102,281

CURRENT ASSETS

Debtors

6

1,638,386

1,260,777

Cash at bank and in hand

1,064,203

963,489

2,702,589

2,224,266

CREDITORS

Amounts falling due within one year

7

(1,121,865

)

(813,343

)

NET CURRENT ASSETS

1,580,724

1,410,923

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,655,279

1,513,204

CREDITORS

Amounts falling due after more than one
year

8

-

(30,293

)

NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,655,279

1,482,911

LOANS AND OTHER DEBTS DUE TO
MEMBERS

10

1,655,279

1,482,911

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

10

1,655,279

1,482,911

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 31 March 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 20 August 2025 and were signed by:

A R Callan - Designated member

1.	STATUTORY INFORMATION

Jacksons Commercial & Private Law 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.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and have also been consistently applied within the same accounts.

Turnover

Turnover represents amounts chargeable to clients for professional services provided during the year excluding sales tax and third-party invoiced disbursements. Revenue is recognised on an individual engagement basis when the right to consideration has been obtained from the client in exchange for work performed and where the recoverability of the consideration can be assessed with reasonable certainty. Turnover in respect of contingent fee assignments (over and above any agreed minimum fee) is only recognised when the contingent event occurs and collectability of the fee is assured.

Unbilled turnover on individual client assignments is included in amounts recoverable on contracts within debtors.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures, fittings and office equipment

-

25% on cost, 15% on cost and over period of the lease

Computer equipment

-

25% on cost

Tangible fixed assets are measured at cost less accumulated depreciation and impairment.

Financial instruments

Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

Leasing commitments

Rentals charged under operating leases are recognised in the profit and loss account in the period to which they relate.

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives.Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is shorter.

The interest element of these obligations is charged to the profit and loss accounts over the relevant period. The capital element of the future payments is treated as a liability.

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.

Investments

Investments held as fixed assets are stated at cost less provision for any impairment in value.

Operating leases

All operating leases are charged to the profit and loss account on a straight line basis over the lease term.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 97 (2024 - 89 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures,

fittings

and

office

Computer

equipment

Totals

£

COST

At 1 April 2024

294,799

282,949

577,748

Additions

-

10,603

At 31 March 2025

294,799

293,552

588,351

DEPRECIATION

At 1 April 2024

229,953

245,515

475,468

Charge for year

20,462

17,867

38,329

At 31 March 2025

250,415

263,382

513,797

NET BOOK VALUE

At 31 March 2025

44,384

30,170

74,554

At 31 March 2024

64,846

37,434

102,280

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2024

and 31 March 2025

27

PROVISIONS

At 1 April 2024

and 31 March 2025

26

NET BOOK VALUE

At 31 March 2025

1

At 31 March 2024

1

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

1,002,939

806,648

Amounts recoverable on

contracts

421,790

395,365

Prepayments

213,657

58,764

1,638,386

1,260,777

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Loans

69,695

91,820

Trade creditors

110,540

21,918

Taxation and social security

290,698

237,478

Other creditors

46,219

38,174

Accruals and deferred income

604,713

423,953

1,121,865

813,343

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Loans

-

30,293

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

Within one year

161,350

Between one and five years

214,280

375,630

536,980

10.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.