REGISTERED NUMBER: OC375085 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

YVA SOLICITORS LLP

Page

General Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Mr C Yiannakas

Mr L Lambrou

Mr N G Kephalas

Mr S Patel

Mr J Bishop

Mr A Yiannakas

REGISTERED OFFICE:

YVA House

811 High Road

North Finchley

London

N12 8JT

REGISTERED NUMBER:

OC375085 (England and Wales)

ACCOUNTANTS:

EA

Chartered Accountants

869 High Road

London

N12 8QA

FIXED ASSETS

Tangible assets

4

176,166

105,085

CURRENT ASSETS

Debtors

5

1,040,182

1,090,371

Cash at bank and in hand

3,967,162

2,431,732

5,007,344

3,522,103

CREDITORS

Amounts falling due within one year

6

704,878

463,189

NET CURRENT ASSETS

4,302,466

3,058,914

TOTAL ASSETS LESS CURRENT LIABILITIES

4,478,632

3,163,999

CREDITORS

Amounts falling due after more than one year

7

36,127

-

NET ASSETS ATTRIBUTABLE TO MEMBERS

4,442,505

3,163,999

LOANS AND OTHER DEBTS DUE TO MEMBERS

9

3,472,505

2,303,999

MEMBERS' OTHER INTERESTS

Capital accounts

970,000

860,000

4,442,505

3,163,999

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

3,472,505

2,303,999

Members' other interests

970,000

860,000

4,442,505

3,163,999

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 Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 22 September 2025 and were signed by:

Mr C Yiannakas - Designated member

Mr N G Kephalas - Designated member

1.	STATUTORY INFORMATION

YVA Solicitors 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.

Turnover

Turnover represents the amounts recoverable for the services provided to clients, excluding Value Added Tax, under contractual obligations which are performed gradually over time.

If, at the balance sheet date, completion of contractual obligations is dependent on external factors (and thus outside the control of the LLP), then revenue is recognised only if it is probable that the event will occur.

Amounts recoverable under contracts

Amounts recoverable under contracts represent work done at the year-end where a continuing right to receive income exists and is valued at the estimated amount recoverable in excess of fees already rendered on account.

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

-

10% on cost

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Depreciation is provided at 2% per annum on the building element of the freehold property.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 33 (2024 - 30 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Long

and

property

leasehold

fittings

£

£

£

COST

At 1 April 2024

53,485

6,942

96,262

Additions

-

-

3,484

At 31 March 2025

53,485

6,942

99,746

DEPRECIATION

At 1 April 2024

3,742

4,858

76,888

Charge for year

535

694

10,180

At 31 March 2025

4,277

5,552

87,068

NET BOOK VALUE

At 31 March 2025

49,208

1,390

12,678

At 31 March 2024

49,743

2,084

19,374

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

182,860

96,992

436,541

Additions

85,745

32,899

122,128

At 31 March 2025

268,605

129,891

558,669

DEPRECIATION

At 1 April 2024

156,953

89,015

331,456

Charge for year

25,544

14,094

51,047

At 31 March 2025

182,497

103,109

382,503

NET BOOK VALUE

At 31 March 2025

86,108

26,782

176,166

At 31 March 2024

25,907

7,977

105,085

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

812,184

904,131

Other debtors

227,998

186,240

1,040,182

1,090,371

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 8)

3,585

-

Taxation and social security

492,130

345,114

Other creditors

209,163

118,075

704,878

463,189

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 8)

36,127

-

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Gross obligations repayable:

Within one year

6,120

-

Between one and five years

38,873

-

44,993

-

Finance charges repayable:

Within one year

2,535

-

Between one and five years

2,746

-

5,281

-

Net obligations repayable:

Within one year

3,585

-

Between one and five years

36,127

-

39,712

-

Non-cancellable

operating leases

2025

2024

£

£

Within one year

166,097

209,822

Between one and five years

266,018

331,996

432,115

541,818

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2025

2024

£

£

Amounts owed to members in respect of profits

3,472,505

2,303,999

Falling due within one year

3,472,505

2,303,999

Loans and other debts due to members rank equally with other creditors on a winding up.

10.	ULTIMATE CONTROLLING PARTY