Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-31 2025-03-31 false 2024-04-01 false No description of principal activity 130 128 true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC421626 2024-04-01 2025-03-31 OC421626 2023-05-01 2024-03-31 OC421626 2025-03-31 OC421626 2024-03-31 OC421626 c:Buildings c:ShortLeaseholdAssets 2024-04-01 2025-03-31 OC421626 c:Buildings c:ShortLeaseholdAssets 2025-03-31 OC421626 c:Buildings c:ShortLeaseholdAssets 2024-03-31 OC421626 c:FurnitureFittings 2024-04-01 2025-03-31 OC421626 c:FurnitureFittings 2025-03-31 OC421626 c:FurnitureFittings 2024-03-31 OC421626 c:FurnitureFittings c:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 OC421626 c:ComputerEquipment 2024-04-01 2025-03-31 OC421626 c:ComputerEquipment 2025-03-31 OC421626 c:ComputerEquipment 2024-03-31 OC421626 c:ComputerEquipment c:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 OC421626 c:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 OC421626 c:Goodwill 2025-03-31 OC421626 c:Goodwill 2024-03-31 OC421626 c:CurrentFinancialInstruments 2025-03-31 OC421626 c:CurrentFinancialInstruments 2024-03-31 OC421626 c:Non-currentFinancialInstruments 2025-03-31 OC421626 c:Non-currentFinancialInstruments 2024-03-31 OC421626 c:CurrentFinancialInstruments c:WithinOneYear 2025-03-31 OC421626 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC421626 c:Non-currentFinancialInstruments c:AfterOneYear 2025-03-31 OC421626 c:Non-currentFinancialInstruments c:AfterOneYear 2024-03-31 OC421626 d:FRS102 2024-04-01 2025-03-31 OC421626 d:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 OC421626 d:FullAccounts 2024-04-01 2025-03-31 OC421626 d:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC421626 c:WithinOneYear 2025-03-31 OC421626 c:WithinOneYear 2024-03-31 OC421626 c:BetweenOneFiveYears 2025-03-31 OC421626 c:BetweenOneFiveYears 2024-03-31 OC421626 c:MoreThanFiveYears 2025-03-31 OC421626 c:MoreThanFiveYears 2024-03-31 OC421626 2 2024-04-01 2025-03-31 OC421626 d:PartnerLLP4 2024-04-01 2025-03-31 OC421626 d:PartnerLLP6 2024-04-01 2025-03-31 OC421626 c:FurtherSpecificReserve2ComponentTotalEquity 2025-03-31 OC421626 c:FurtherSpecificReserve2ComponentTotalEquity 2024-03-31 OC421626 c:FurtherSpecificReserve3ComponentTotalEquity 2025-03-31 OC421626 c:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 OC421626 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: OC421626 FOSTERS SOLICITORS LLP UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 MARCH 2025
FOSTERS SOLICITORS LLP REGISTERED NUMBER: OC421626 BALANCE SHEET AS AT 31 MARCH 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 5 |  | 228,744 |  | 259,824
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 6 | 2,543,549 |  | 2,725,861 |
Cash at bank and in hand |  | 282,132 |  | 163,723 |
|  | 2,825,681 |  | 2,889,584 |
Creditors: amounts falling due within one year | 7 | (1,308,753) |  | (1,289,212) |
Net current assets |  |  | 1,516,928 |  | 1,600,372
Total assets less current liabilities |  |  | 1,745,672 |  | 1,860,196
Creditors: amounts falling due after more than one year | 8 |  | (1,703) |  | (78,822)
|  |  | 1,743,969 |  | 1,781,374
Net assets |  |  | 1,743,969 |  | 1,781,374
Represented by: |  |  |  |  |
Loans and other debts due to members within one year |  |  |  |  |
Members' capital classified as a liability |  |  | 960,000 |  | 960,000
Other amounts | 9 |  | 803,153 |  | 859,743
|  |  | 1,763,153 |  | 1,819,743
Members' other interests |  |  |  |  |
Other reserves classified as equity |  | (19,184) |  | (38,369) |
|  |  | (19,184) |  | (38,369)
|  |  | 1,743,969 |  | 1,781,374
Total members' interests |  |  |  |  |
Loans and other debts due to members | 9 |  | 1,763,153 |  | 1,819,743
Members' other interests |  |  | (19,184) |  | (38,369)
|  |  | 1,743,969 |  | 1,781,374
Page 1
FOSTERS SOLICITORS LLP REGISTERED NUMBER: OC421626 BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2025 The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime. The entity 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. The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements. The financial statements have been delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The entity has opted not to file the profit and loss account in accordance with the provisions applicable to entities subject to the small LLPs regime. The financial statements were approved and authorised for issue by the members and were signed on their behalf by:
A L Spooner | J C Arnall
Designated member | Designated member
Date: 27 October 2025 | Date:27 October 2025
The notes on pages 3 to 11 form part of these financial statements. Fosters Solicitors LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of Changes in Equity. Page 2
FOSTERS SOLICITORS LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. | General information
Fosters Solicitors LLP is a Limited Liability Partnership incorporated in England within the United Kingdom. The registered number is OC421626 and the address of the registered office is William House, 19 Bank Plain, Norwich, NR2 4FS. The prior financial period was 11 months therefore not directly comparable to the current full year. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the Companies Act 2006 and the requirements of the Statement of Recommended Practice "Accounting by Limited Liabilities Partnerships". The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the LLP's accounting policies. The following principal accounting policies have been applied:
| 2.2 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the LLP and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: ∙the amount of revenue can be measured reliably; ∙it is probable that the LLP will receive the consideration due under the contract; ∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and ∙the costs incurred and the costs to complete the contract can be measured reliably. Amounts recoverable on contracts are valued at cost including overhead expenses plus that proportion of attributable profits, estimated to be earned to date on the stage of completion, less provision for any known or anticipated losses and payments on account.
| 2.3 | Operating leases: the LLP as lessee
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term. Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset. Page 3
FOSTERS SOLICITORS LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.4 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.5 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
| 2.6 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
| 2.7 | Pensions
Defined contribution pension plan The LLP operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the LLP pays fixed contributions into a separate entity. Once the contributions have been paid the LLP has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the LLP in independently administered funds.
| 2.8 | Division and distribution of profits
A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial period and may take place during or after the end of a financial period. An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time, whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making. The LLP divides profits discretionarily. Discretionary divisions of profits are recognised as amounts due to members, although may be used to offset amounts which have been drawn by members, which are recognised as loan assets repayable. Page 4
FOSTERS SOLICITORS LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.9 | Intangible assets
Goodwill Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Profit and Loss Account over its useful economic life. Other intangible assets Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
| 2.10 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, . Depreciation is provided on the following basis:
|  |  |  | Short-term leasehold property | - | over the period of the lease
|  |  |  | Fixtures and fittings | - | 10% reducing balance
|  |  |  | Computer equipment | - | 20% straight line
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.11 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.12 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value. Page 5
FOSTERS SOLICITORS LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.13 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
| 2.14 | Financial instruments
The LLP has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments. Financial instruments are recognised in the LLP's Balance Sheet when the LLP becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial. The LLP's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments. Impairment of financial assets At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss. Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate. If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss. Basic financial liabilities Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the LLP after the deduction of all its liabilities. Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and Page 6
FOSTERS SOLICITORS LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.14 | Financial instruments (continued)
loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial. Debt instruments are subsequently carried at their amortised cost using the effective interest rate method. Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial. Derecognition of financial instruments Derecognition of financial assets Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the LLP transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the LLP will continue to recognise the value of the portion of the risks and rewards retained. Derecognition of financial liabilities Financial liabilities are derecognised when the LLP's contractual obligations expire or are discharged or cancelled.
3. | Employees
| The average monthly number of employees, including directors, during the year was 130 (2024 - 128).
Page 7
FOSTERS SOLICITORS LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
4. | Intangible assets
|  | Goodwill
|  | £
| Cost |
| At 1 April 2024 | 54,918
| At 31 March 2025 | 54,918
| Amortisation |
| At 1 April 2024 | 54,918
| At 31 March 2025 | 54,918
| Net book value |
| At 31 March 2025 | -
| At 31 March 2024 | -
Page 8
FOSTERS SOLICITORS LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
5. | Tangible fixed assets
|  | Short-term leasehold property | Fixtures and fittings | Computer equipment | Total
|  | £ | £ | £ | £
| Cost or valuation |  |  |  |
| At 1 April 2024 | 241,686 | 154,057 | 235,178 | 630,921
| Additions | 2,500 | 6,253 | 10,309 | 19,062
| At 31 March 2025 | 244,186 | 160,310 | 245,487 | 649,983
| Depreciation |  |  |  |
| At 1 April 2024 | 135,473 | 33,692 | 201,932 | 371,097
| Charge for the year on owned assets | 23,530 | 13,045 | 13,567 | 50,142
| At 31 March 2025 | 159,003 | 46,737 | 215,499 | 421,239
| Net book value |  |  |  |
| At 31 March 2025 | 85,183 | 113,573 | 29,988 | 228,744
| At 31 March 2024 | 106,213 | 120,365 | 33,246 | 259,824
6. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 710,730 | 932,952
| Other debtors | 21,326 | 8,770
| Prepayments and accrued income | 373,147 | 321,537
| Amounts recoverable on long-term contracts | 1,438,346 | 1,462,602
|  | 2,543,549 | 2,725,861
Page 9
FOSTERS SOLICITORS LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 360,407 | 359,256
| Trade creditors | 73,956 | 122,901
| Other taxation and social security | 329,158 | 252,375
| Other creditors | 82,333 | 118,017
| Accruals and deferred income | 462,899 | 436,663
|  | 1,308,753 | 1,289,212
| The following liabilities were secured:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 37,500 | 150,000
| Details of security provided:
Included within bank loans is £37,500 (2024 - £150,000) which is secured by a fixed and floating charge over the assets of the LLP.
8. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | - | 37,500
| Other creditors | 1,703 | 41,322
|  | 1,703 | 78,822
| The following liabilities were secured:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | - | 37,500
| Details of security provided:
Included within bank loans is £Nil (2024 - £37,500) which is secured by a fixed and floating charge over the assets of the LLP. Page 10
FOSTERS SOLICITORS LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
9. | Loans and other debts due to members
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Members' capital treated as debt | 960,000 | 960,000
| Other amounts due to members | 803,153 | 859,743
|  | 1,763,153 | 1,819,743
Loans and other debts due to members may be further analysed as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Falling due within one year | 1,763,153 | 1,819,743
Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.
10. | Pension commitments
The LLP operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the entity in an independently administered fund. The pension cost charge represents contributions payable by the entity to the fund and amounted to £86,932 (2024 - £73,625). Contributions totalling £36,882 (2024 - £15,937) were payable to the fund at the balance sheet date.
11. | Commitments under operating leases
| At 31 March 2025 the LLP had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Not later than 1 year | 249,033 | 137,601
| Later than 1 year and not later than 5 years | 949,491 | 406,000
| Later than 5 years | 770,567 | 395,066
|  | 1,969,091 | 938,667
Page 11