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REGISTERED NUMBER: 07853015 (England and Wales)

| Unaudited Financial Statements |

| for the Year Ended 31 March 2025 |

| for |

| Ellis-Fermor & Negus Limited |

| Ellis-Fermor & Negus Limited (Registered number: 07853015) |

Contents of the Financial Statements

for the Year Ended 31 March 2025

Page |

| Company Information | 1 |

| Chartered Accountants' Report | 2 |

| Balance Sheet | 3 |

| Notes to the Financial Statements | 5 |

| Ellis-Fermor & Negus Limited |

Company Information

for the Year Ended 31 March 2025

| DIRECTORS: | B P Bourne

| S P Hale

| D Kelly

| D E Lyon

| R J Meredith

| G Steele

| G S J Tyas

| REGISTERED OFFICE: | 3 & 5 Market Place

| Ripley

| Derbyshire

| DE5 3BS

| REGISTERED NUMBER: | 07853015 (England and Wales)

| ACCOUNTANTS: | Wright Vigar Limited

| Chartered Accountants & Business Advisers

| Alexandra House

| 43 Alexandra St

| Nottingham

| Nottinghamshire

| NG5 1AY

Chartered Accountants' Report to the Board of Directors

on the Unaudited Financial Statements of

Ellis-Fermor & Negus Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ellis-Fermor & Negus Limited for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Ellis-Fermor & Negus Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ellis-Fermor & Negus Limited and state those matters that we have agreed to state to the Board of Directors of Ellis-Fermor & Negus Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ellis-Fermor & Negus Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Ellis-Fermor & Negus Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ellis-Fermor & Negus Limited. You consider that Ellis-Fermor & Negus Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Ellis-Fermor & Negus Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Wright Vigar Limited

Chartered Accountants & Business Advisers

Alexandra House

43 Alexandra St

Nottingham

Nottinghamshire

NG5 1AY

8 September 2025

| Ellis-Fermor & Negus Limited (Registered number: 07853015) |

Balance Sheet

31 March 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 679,817 |  | 689,474 |  |

Investments | 5 | 2 |  | 2 |  |

679,819 |  | 689,476 |  |

CURRENT ASSETS

Stocks | 40,531 |  | 47,777 |  |

Debtors | 6 | 2,429,564 |  | 1,559,367 |  |

Cash at bank and in hand | 1,848,675 |  | 1,646,382 |  |

4,318,770 |  | 3,253,526 |  |

CREDITORS

Amounts falling due within one year | 7 | 1,774,651 |  | 1,025,947 |  |

NET CURRENT ASSETS | 2,544,119 |  | 2,227,579 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 3,223,938 |  | 2,917,055 |  |

PROVISIONS FOR LIABILITIES | 18,839 |  | 20,087 |  |

NET ASSETS | 3,205,099 |  | 2,896,968 |  |

CAPITAL AND RESERVES

Called up share capital | 9 | 630,333 |  | 701,248 |  |

Capital redemption reserve | 70,923 |  | 8 |  |

Retained earnings | 2,503,843 |  | 2,195,712 |  |

SHAREHOLDERS' FUNDS | 3,205,099 |  | 2,896,968 |  |

| Ellis-Fermor & Negus Limited (Registered number: 07853015) |

Balance Sheet - continued

31 March 2025

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company 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 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 September 2025 and were signed on its behalf by:

D Kelly - Director

| Ellis-Fermor & Negus Limited (Registered number: 07853015) |

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| Ellis-Fermor & Negus Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| The presentation currency of the financial statements is the Pound Sterling (£).

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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Preparation of consolidated financial statements

| The financial statements contain information about Ellis-Fermor & Negus Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

| Turnover

| Turnover represents the total invoice value, excluding VAT, of legal services provided during the year, including disbursements billed to clients, together with the sales value of unbilled work done but not yet invoiced at the statement of financial position date.

| Where the substance of a matter is that the contractual obligations are performed gradually over time, revenue is recognised so as to reflect the accrual of the right to consideration as contract activity progresses, by reference to the fair value of work performed and represents amounts chargeable to clients, including expenses and disbursements, but excluding VAT.

| Tangible fixed assets

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

| Long leasehold | - | Over the term of the lease - 10-20 years

| Fixtures and fittings | - | 25% on cost and 10% on cost

| Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

| If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| Work in progress

| Work in progress arises in situations where it is not appropriate for income to be recognised on client matter at the year end as detailed below.

| Where insufficient work has been carried out on a matter to have earned any right to consideration in the context of the matter as a whole (ie. the costs are below the de minimis limit), WIP is valued at cost. When the substance of a matter is that the right or obligation does not arise until the occurrence of a critical event outside the control of the entity, revenue is not invoiced or recognised until that event occurs, and WIP on those matters is also recorded at cost.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Ellis-Fermor & Negus Limited (Registered number: 07853015) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| Pension costs and other post-retirement benefits

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 123 (2024 - 118 ) .

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| Land and |  | Long |  | and |

| Buildings |  | leasehold |  | fittings |  | Totals

£ | £ | £ | £ |

| COST

| At 1 April 2024 | 688,855 |  | 29,626 |  | 615,791 |  | 1,334,272 |  |

| Additions | - |  | 15,152 |  | 29,448 |  | 44,600 |  |

| Disposals | - |  | - |  | (25,837 | ) | (25,837 | ) |

| At 31 March 2025 | 688,855 |  | 44,778 |  | 619,402 |  | 1,353,035 |  |

| DEPRECIATION

| At 1 April 2024 | 84,000 |  | 29,626 |  | 531,172 |  | 644,798 |  |

| Charge for year | 14,000 |  | 5,051 |  | 35,206 |  | 54,257 |  |

| Eliminated on disposal | - |  | - |  | (25,837 | ) | (25,837 | ) |

| At 31 March 2025 | 98,000 |  | 34,677 |  | 540,541 |  | 673,218 |  |

| NET BOOK VALUE

| At 31 March 2025 | 590,855 |  | 10,101 |  | 78,861 |  | 679,817 |  |

| At 31 March 2024 | 604,855 |  | - |  | 84,619 |  | 689,474 |  |

5. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertaking

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 2 |  |

| NET BOOK VALUE

| At 31 March 2025 | 2 |  |

| At 31 March 2024 | 2 |  |

| Ellis-Fermor & Negus Limited (Registered number: 07853015) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 1,448,370 |  | 697,016 |  |

| Other debtors | 981,194 |  | 862,351 |  |

2,429,564 |  | 1,559,367 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Taxation and social security | 956,090 |  | 609,345 |  |

| Other creditors | 818,561 |  | 416,602 |  |

1,774,651 |  | 1,025,947 |  |

8. | LEASING AGREEMENTS

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

2025 | 2024 |

£ | £ |

| Within one year | 46,915 |  | 45,340 |  |

| Between one and five years | 195,907 |  | 57,185 |  |

| In more than five years | 26,775 |  | 42,075 |  |

269,597 |  | 144,600 |  |

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 251,115 | Ordinary | £1.00 | 251,115 |  | 267,856 |  |

| 379,211 | Preference | £1.00 | 379,211 |  | 433,384 |  |

| 7 | Ordinary Management | £1.00 | 7 |  | 8 |  |

630,333 |  | 701,248 |  |