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REGISTERED NUMBER: OC318696

BIRD & CO SOLICITORS LLP

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 March 2025

BIRD & CO SOLICITORS LLP

FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

Contents | Page

Designated members and professional advisers | 1

Statement of financial position | 2

Notes to the financial statements | 4

BIRD & CO SOLICITORS LLP

DESIGNATED MEMBERS AND PROFESSIONAL ADVISERS

Designated members | Mr C P Milligan
| Mrs E Conron

Registered office | 15 Castlegate
| Grantham
| Lincolnshire
| United Kingdom
| NG31 6SE

Accountants | Streets LLP
| Chartered Accountants
| Tower House
| Lucy Tower Street
| Lincoln
| Lincolnshire
| LN1 1XW

BIRD & CO SOLICITORS LLP

STATEMENT OF FINANCIAL POSITION

31 March 2025

| 2025 | 2024
Note | £ | £ | £

Fixed assets

Intangible assets | 5 |  | 42,000 | 42,000
Tangible assets | 6 |  | 41,691 | 41,533
|  | --------- | ---------
|  | 83,691 | 83,533

Current assets

Debtors | 7 | 1,448,080 |  | 1,373,057
Cash at bank and in hand | 683,850 |  | 523,716
| ------------- |  | -------------
| 2,131,930 |  | 1,896,773

Creditors: amounts falling due within one year | 8 | 721,205 |  | 550,437
| ------------- |  | -------------
Net current assets |  | 1,410,725 | 1,346,336
|  | ------------- | -------------
Total assets less current liabilities |  | 1,494,416 | 1,429,869

Creditors: amounts falling due after more than one year | 9 |  | 4,697 | 61,061
|  | ------------- | -------------
Net assets |  | 1,489,719 | 1,368,808
|  | ------------- | -------------

Represented by:
Loans and other debts due to members

Other amounts | 10 |  | 1,489,719 | 1,368,808
|  | ------------- | -------------

Members' other interests

Other reserves |  | – | –
|  | ------------- | -------------
|  | 1,489,719 | 1,368,808
|  | ------------- | -------------

Total members' interests

Loans and other debts due to members | 10 |  | 1,489,719 | 1,368,808
Members' other interests |  | – | –
|  | ------------- | -------------
|  | 1,489,719 | 1,368,808
|  | ------------- | -------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs' 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 (as applied to LLPs), the statement of comprehensive income has not been delivered.

BIRD & CO SOLICITORS LLP

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2025
For the year ending 31 March 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the members and authorised for issue on 23 June 2025 , and are signed on their behalf by:
C P MILLIGAN E CONRON
Designated Member Designated Member
Registered number: OC318696

BIRD & CO SOLICITORS LLP

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

1. | General information

The LLP is registered in England and Wales. The address of the registered office is 15 Castlegate, Grantham, Lincolnshire, NG31 6SE, United Kingdom.

2. | Statement of compliance

These 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', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP 2021).

3. | Accounting policies

Basis of preparation
The 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 financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax, and is inclusive of accrued income. Services provided during the year, which at the balance sheet date have not been billed to clients, have been recognised as turnover and included in the balance sheet as accrued income. Turnover recognised in this manner is based upon an assessment of the fair value of the services provided at the balance sheet date as a proportion of the total value of the engagement.
Members' participation rights
Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).
Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with Section 22 of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships'. A member's participation right results in a liability unless the right to any payment is discretionary on the part of the LLP.
Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.
Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the statement of comprehensive income in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the statement of financial position.
Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the statement of comprehensive income and are equity appropriations in the statement of financial position.
Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment.
All amounts due to members that are classified as liabilities are presented in the statement of financial position within 'Loans and other debts due to members' and are charged to the statement of comprehensive income within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the statement of financial position within 'Members' other interests'.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Fixtures and fittings | - | 15% reducing balance
| Motor vehicles | - | 25% reducing balance
| Office equipment | - | 15% and 33% Straight line

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Financial assets Basic financial assets, including trade and other receivables, cash and bank balances, loans to associated entities and investments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument. Such assets are subsequently carried at amortised cost, using the effective interest method. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Financial liabilities Basic financial liabilities, including trade and other payables, bank loans and loans from associated entities are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost, using the effective interest method. Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. | Particulars of employees

The average number of persons employed by the LLP during the year, including the members with contracts of employment, amounted to 59 (2024: 58 ).

5. | Intangible assets

| Goodwill
| £
Cost |
At 1 April 2024 and 31 March 2025 | 42,000
| ---------
Amortisation |
At 1 April 2024 and 31 March 2025 | –
| ---------
Carrying amount |
At 31 March 2025 | 42,000
| ---------
At 31 March 2024 | 42,000
| ---------

6. | Tangible assets

| Fixtures and fittings | Motor vehicles | Office equipment | Total
| £ | £ | £ | £
Cost |  |  |  |
At 1 April 2024 | 120,451 | 27,995 | 581,785 | 730,231
Additions | 1,498 | – | 9,143 | 10,641
| ---------- | --------- | ---------- | ----------
At 31 March 2025 | 121,949 | 27,995 | 590,928 | 740,872
| ---------- | --------- | ---------- | ----------
Depreciation |  |  |  |
At 1 April 2024 | 102,457 | 23,026 | 563,215 | 688,698
Charge for the year | 4,884 | 1,242 | 4,357 | 10,483
| ---------- | --------- | ---------- | ----------
At 31 March 2025 | 107,341 | 24,268 | 567,572 | 699,181
| ---------- | --------- | ---------- | ----------
Carrying amount |  |  |  |
At 31 March 2025 | 14,608 | 3,727 | 23,356 | 41,691
| ---------- | --------- | ---------- | ----------
At 31 March 2024 | 17,994 | 4,969 | 18,570 | 41,533
| ---------- | --------- | ---------- | ----------

7. | Debtors

| 2025 | 2024
| £ | £
Trade debtors | 1,178,134 | 1,074,199
Other debtors | 269,946 | 298,858
| ------------- | -------------
| 1,448,080 | 1,373,057
| ------------- | -------------

8. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 365,388 | 222,651
Trade creditors | 15,260 | 24,267
Social security and other taxes | 297,582 | 256,402
Other creditors | 42,975 | 47,117
| ---------- | ----------
| 721,205 | 550,437
| ---------- | ----------

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

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 4,697 | 61,061
| ------- | ---------

10. | Loans and other debts due to members

| 2025 | 2024
| £ | £
Amounts owed to members in respect of profits | 1,489,719 | 1,368,808
| ------------- | -------------

11. | Commitments under operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

| 2025 | 2024
| £ | £
Not later than 1 year | 92,389 | 74,800
Later than 1 year and not later than 5 years | 131,336 | 170,635
| ---------- | ----------
| 223,725 | 245,435
| ---------- | ----------

12. | Related party transactions

The limited liability partnership remained under the control of the designated members throughout the current and previous accounting period. No transactions with related parties subsisted during the period, such as are required to be disclosed under FRS102 Section 1A.