REGISTERED NUMBER: OC318829 (England and Wales)

Unaudited Financial Statements

For The Year Ended 30th April 2025

for

Hartlaw LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Mrs D L Burke

M J Seldon

Mrs K R Draycott

REGISTERED OFFICE:

St James Street

Wetherby

West Yorkshire

LS22 6RS

REGISTERED NUMBER:

OC318829 (England and Wales)

ACCOUNTANTS:

F E Metcalfe & Co Limited

Chartered Accountants

4 Old Market Place

Ripon

North Yorkshire

HG4 1EQ

FIXED ASSETS

Intangible assets

3

13,432

17,910

Tangible assets

4

33,802

39,642

47,234

57,552

CURRENT ASSETS

Debtors

5

1,174,985

1,090,879

Cash at bank and in hand

889,745

236,266

2,064,730

1,327,145

CREDITORS

Amounts falling due within one year

6

650,184

332,401

NET CURRENT ASSETS

1,414,546

994,744

TOTAL ASSETS LESS CURRENT LIABILITIES

1,461,780

1,052,296

CREDITORS

Amounts falling due after more than one year

7

32,974

82,954

NET ASSETS ATTRIBUTABLE TO MEMBERS

1,428,806

969,342

LOANS AND OTHER DEBTS DUE TO MEMBERS

10

446,523

527,598

MEMBERS' OTHER INTERESTS

Other reserves

982,283

441,744

1,428,806

969,342

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

10

446,523

527,598

Members' other interests

982,283

441,744

Amounts due from members

5

(89,009

)

(66,565

)

1,339,797

902,777

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 30th April 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 12th November 2025 and were signed by:

M J Seldon - Designated member

1.	ACCOUNTING POLICIES

General information and basis of preparation

Hartlaw LLP is a Limited Liability Partnership incorporated in England within the United Kingdom. The address of the registered office is given in the LLP information on General Information page of these financial statements.

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "Financial Reporting Standard applicable in the UK and Republic of Ireland" and the requirements of the Statement of Recommended Practice, Accounting for Limited Liability Partnerships.

The financial statements are presented in sterling which is the functional currency of the LLP and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Turnover and other income

Turnover is measured at the fair value of the consideration received or receivable net of VAT and discounts. The policies adopted for recognition of turnover are as follows:

Rendering of services

Turnover represents fee income due from the normal activities of the LLP. Revenue is recognised when the value of the fee income can be measured reliably and it is probable that the economic benefits from the services provided will be received by the LLP. At the end of each accounting period an assessment is made of the value of revenue that it is appropriate to recognise for services that have been provided but that have not been invoiced at the balance sheet date. This assessment is made by taking into account the stage of completion of the service being provided, the value of the time incurred in providing the services at the balance sheet date, whether it is probable that an invoice will be raised for these services and the reliability with which the value of the invoice can be measured. The value of revenue recognised that has not been invoiced at the balance sheet date is disclosed on the balance sheet as Uninvoiced Debtors.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less accumulated amortisation and any accumulated impairment losses.

Intangible assets are third party purchased software and licences which are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Improvements to property

- straight line on cost over 15 years

Fixtures and fittings

- 25% reducing balance

Office equipment

- 25% on reducing balance and straight line on cost over 15 and 6 years

Provisions

Provisions are recognised when the LLP has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

Foreign currencies

Foreign currency transactions are initially recognised by applying to the foreign currency amount the spot exchange rate between the functional currency and the foreign currency at the date of the transaction.

Monetary assets and liabilities denominated in a foreign currency at the balance sheet date are translated using the closing rate.

Leases

Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors.

Rentals payable and receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Taxation

Tax that is paid on member's remuneration is a personal liability of the members and does not appear in the profit and loss account.

2.	EMPLOYEE INFORMATION

The average number of employees during the year was 28 (2024 - 29 ) .

3.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1st May 2024

and 30th April 2025

44,776

AMORTISATION

At 1st May 2024

26,866

Charge for year

4,478

At 30th April 2025

31,344

NET BOOK VALUE

At 30th April 2025

13,432

At 30th April 2024

17,910

4.	TANGIBLE FIXED ASSETS

Fixtures

Improvements

and

Office

to property

fittings

equipment

Totals

£

£

£

£

COST

At 1st May 2024

81,301

17,984

158,935

258,220

Additions

-

2,910

4,527

7,437

Disposals

-

(1,319

)

(4,788

)

(6,107

)

At 30th April 2025

81,301

19,575

158,674

259,550

DEPRECIATION

At 1st May 2024

81,301

11,830

125,447

218,578

Charge for year

-

1,477

10,265

11,742

Eliminated on disposal

-

(1,076

)

(3,496

)

(4,572

)

At 30th April 2025

81,301

12,231

132,216

225,748

NET BOOK VALUE

At 30th April 2025

-

7,344

26,458

33,802

At 30th April 2024

-

6,154

33,488

39,642

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Invoiced debtors

283,682

272,745

Uninvoiced disbursements

52,739

57,973

Uninvoiced debtors

547,800

547,800

Amounts due from members

89,009

66,565

Other debtors

4,745

3,779

Prepayments

197,010

142,017

1,174,985

1,090,879

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans and overdrafts

135,376

141,860

Trade creditors

28,473

28,689

Social security and other taxes

117,900

109,618

Other creditors

142,783

2,739

Accrued expenses

225,652

49,495

650,184

332,401

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans and overdraft

32,974

82,954

Amounts falling due in more than five years

Bank loans repayable by instalments

-

-

8.	LEASING AGREEMENTS

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

30.4.25

30.4.24

£

£

Within one year

16,718

13,383

Between one and five years

22,652

15,515

In more than five years

489,500

554,750

528,870

583,648

Included in this total is property leasing commitments of £489,500 (2024 £554,750).

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.25

30.4.24

£

£

Bank loans

36,454

102,932

The borrowings are secured by a first legal charge over the commercial lease of 63 St James Street, Wetherby and an unlimited debenture incorporating a fixed and floating charge. Included within the secured debts is a Coronavirus Business Interruption Loan of £36,454 (2024 £90,909)

10.

LOANS AND OTHER DEBTS DUE TO MEMBERS

30.4.25

30.4.24

£

£

Amounts owed to members in respect of profits

71,523

37,598

Capital account

375,000

490,000

446,523

527,598

Falling due within one year

446,523

527,598

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

There is no protection afforded to creditors.