REGISTERED NUMBER: OC433403 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Wains Solicitors LLP

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

-

3,899

CURRENT ASSETS

Stocks

200,000

190,000

Debtors

5

191,187

194,116

Cash at bank and in hand

229,303

47,550

620,490

431,666

CREDITORS

Amounts falling due within one year

6

(192,578

)

(148,020

)

NET CURRENT ASSETS

427,912

283,646

TOTAL ASSETS LESS CURRENT LIABILITIES

427,912

287,545

CREDITORS

Amounts falling due after more than one year

7

(90,753

)

(148,985

)

NET ASSETS ATTRIBUTABLE TO MEMBERS

337,159

138,560

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

337,159

138,560

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

337,159

138,560

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 29 October 2025 and were signed by:

Mr K J Worthington - Designated member

1.	STATUTORY INFORMATION

Wains Solicitors LLP is registered in England and Wales. The LLP's registered number and registered office address are as below:

Registered number:

OC433403

Registered office:

39/43 Churchside

Macclesfield

Cheshire

SK10 1HW

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 19 (2024 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

46,501

89,180

135,681

DEPRECIATION

At 1 April 2024

46,014

85,768

131,782

Charge for year

487

3,412

3,899

At 31 March 2025

46,501

89,180

135,681

NET BOOK VALUE

At 31 March 2025

-

-

-

At 31 March 2024

487

3,412

3,899

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

63,048

63,344

Other debtors

128,139

130,772

191,187

194,116

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

13,936

9,631

Loans

41,886

40,000

Trade creditors

24,593

22,780

Social security and other taxes

12,544

10,195

VAT

82,599

55,121

Accruals and deferred income

17,020

10,293

192,578

148,020

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans - 1-2 years

-

14,459

Loans

90,753

134,526

90,753

148,985

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

31.3.25

31.3.24

£

£

Amounts owed to members in respect of profits

337,159

138,560

Falling due within one year

337,159

138,560

Loans and other debts due to members are unsecured and would rank pari passu with other unsecured creditors in the event of a winding up.