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REGISTERED NUMBER: OC366606 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st March 2025

for

NGM Tax Law LLP

| NGM Tax Law LLP (Registered number: OC366606) |

Contents of the Financial Statements

for the Year Ended 31st March 2025

Page |

| General Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Chartered Accountants' Report | 7 |

| NGM Tax Law LLP |

General Information

for the Year Ended 31st March 2025

| DESIGNATED MEMBERS: | K V Gregory

| M B Nichols

| S C Meredith

| REGISTERED OFFICE: | Fifth Floor

| 13 Regent Street

| St James's

| London

| SW1Y 4LR

| REGISTERED NUMBER: | OC366606 (England and Wales)

| ACCOUNTANTS: | Moulton Johnson Limited

| Chartered Accountants

| 29a Crown Street

| Brentwood

| Essex

| CM14 4BA

| NGM Tax Law LLP (Registered number: OC366606) |

Balance Sheet

31st March 2025

| 31.3.25 | 31.3.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | - |  | 543 |  |

CURRENT ASSETS

Debtors | 5 | 268,425 |  | 316,832 |  |

Cash at bank | 17,245 |  | 12,487 |  |

285,670 |  | 329,319 |  |

CREDITORS

Amounts falling due within one year | 6 | 151,079 |  | 155,903 |  |

NET CURRENT ASSETS | 134,591 |  | 173,416 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 134,591 |  | 173,959 |  |

CREDITORS

Amounts falling due after more than one year | 7 | 27,888 |  | 15,833 |  |

NET ASSETS ATTRIBUTABLE TO MEMBERS | 106,703 |  | 158,126 |  |

LOANS AND OTHER DEBTS DUE TO MEMBERS | 9 | 31,703 |  | 83,126 |  |

MEMBERS' OTHER INTERESTS

Capital accounts | 75,000 |  | 75,000 |  |

106,703 |  | 158,126 |  |

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members | 9 | 31,703 |  | 83,126 |  |

Members' other interests | 75,000 |  | 75,000 |  |

106,703 |  | 158,126 |  |

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 31st 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.

| NGM Tax Law LLP (Registered number: OC366606) |

Balance Sheet - continued

31st March 2025

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 13th November 2025 and were signed by:

M B Nichols - Designated member

| NGM Tax Law LLP (Registered number: OC366606) |

Notes to the Financial Statements

for the Year Ended 31st March 2025

1. | STATUTORY INFORMATION

| NGM Tax Law LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 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 comprises the fees receivable in respect of the sales value of services provided and performed during the year, excluding value added tax. Disbursements incurred where the LLP has acted as an agent are excluded from turnover in accordance with generally accepted accounting principles in the United Kingdom.

| The services that have been performed which were not invoiced at the year-end and where fees will be receivable are classified as 'amounts recoverable on contracts' and separately disclosed within debtors.

| The services that have not been performed but fees were invoiced at the year-end are classified as 'payments on account' and separately disclosed within creditors.

| Tangible fixed assets

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

| Plant and machinery etc | - | 25% on cost

3. | EMPLOYEE INFORMATION

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

| NGM Tax Law LLP (Registered number: OC366606) |

Notes to the Financial Statements - continued

for the Year Ended 31st March 2025

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1st April 2024 | 17,973 |  |

| Disposals | (500 | ) |

| At 31st March 2025 | 17,473 |  |

| DEPRECIATION

| At 1st April 2024 | 17,430 |  |

| Charge for year | 543 |  |

| Eliminated on disposal | (500 | ) |

| At 31st March 2025 | 17,473 |  |

| NET BOOK VALUE

| At 31st March 2025 | - |  |

| At 31st March 2024 | 543 |  |

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

| 31.3.25 |  | 31.3.24

£ | £ |

| Trade debtors | 129,564 |  | 110,563 |  |

| Amounts recoverable on

| contracts | 27,538 |  | 118,570 |  |

| Prepayments | 111,323 |  | 87,699 |  |

268,425 |  | 316,832 |  |

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

| 31.3.25 |  | 31.3.24

£ | £ |

| Bank loans and overdrafts | 10,000 |  | 10,000 |  |

| Other loans | 53,615 |  | 54,600 |  |

| Trade creditors | 63,949 |  | 36,015 |  |

| Social security and other taxes | 8,667 |  | 8,383 |  |

| Accrued expenses | 14,848 |  | 46,905 |  |

151,079 |  | 155,903 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Bank loans | 5,834 |  | 15,833 |  |

| Other loans | 22,054 |  | - |  |

27,888 |  | 15,833 |  |

| NGM Tax Law LLP (Registered number: OC366606) |

Notes to the Financial Statements - continued

for the Year Ended 31st March 2025

8. | LEASING AGREEMENTS

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

| 31.3.25 |  | 31.3.24

£ | £ |

| Within one year | 31,000 |  | 30,000 |  |

| Between one and five years | 116,250 |  | 7,500 |  |

147,250 |  | 37,500 |  |

9. | LOANS AND OTHER DEBTS DUE TO MEMBERS |

| Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.

Chartered Accountants' Report to the Members

on the Unaudited Financial Statements of

NGM Tax Law LLP

The following reproduces the text of the report prepared for the members in respect of the LLP's annual unaudited financial statements. In accordance with the Companies Act 2006, the LLP 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 Members 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of NGM Tax Law LLP for the year ended 31st March 2025 which comprise the Income Statement, Balance Sheet, Reconciliation of Members' Interests and the related notes from the LLP'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 members of NGM Tax Law LLP, 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 NGM Tax Law LLP and state those matters that we have agreed to state to the members of NGM Tax Law LLP, 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 NGM Tax Law LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that NGM Tax Law LLP 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 NGM Tax Law LLP. You consider that NGM Tax Law LLP 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 NGM Tax Law LLP. 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.

Moulton Johnson Limited

Chartered Accountants

29a Crown Street

Brentwood

Essex

CM14 4BA

13th November 2025