Company No: OC361699 (England and Wales)

Contents

• Limited Liability Partnership Information
• Balance Sheet
• Reconciliation of Members' Interests
• Notes to the Financial Statements

Designated members	N Fairweather
	R Fairweather

Registered office	Suit A4
	Clover House
	John Wilson Business Park
	Whitstable
	Kent
	CT5 3QZ
	United Kingdom

Registered number

OC361699 (England and Wales)

Accountant	Kreston Reeves LLP
	37 St Margarets Street
	Canterbury
	Kent
	CT1 2TU

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	4,838		6,743
		4,838		6,743
Current assets
Debtors	4	353,164		213,828
Cash at bank and in hand		123,006		448,487
		476,170		662,315
Creditors: amounts falling due within one year	5	( 89,156)		( 215,990)
Net current assets		387,014		446,325
Total assets less current liabilities		391,852		453,068
Net assets attributable to members		391,852		453,068
Represented by
Loans and other debts due to members within one year
Members' capital classified as a liability		191,852		253,068
Other amounts		200,000		200,000
		391,852		453,068
Members' other interests
		0		0
		391,852		453,068
Total members' interests
Loans and other debts due to members		391,852		453,068
		391,852		453,068

For the financial year ending 31 March 2025 the LLP 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.

Members' responsibilities:

• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime and a copy of the Statement of Comprehensive Income has not been delivered.

The financial statements of Fairweathers Solicitors LLP (registered number: OC361699) were approved and authorised for issue by the Board of Directors on 13 November 2025. They were signed on its behalf by:

N Fairweather Designated member

	EQUITY Members' other interests	DEBT Loans and other debts due to members less any amounts due from members in debtors			Total members' interests
	Other reserves	Members' capital (classified as debt)	Other amounts	Total	Total
	£	£	£	£	£
Amounts due to members		584,048	200,000	784,048
Balance at 01 April 2023	0	584,048	200,000	784,048	784,048
Profit for the financial year available for discretionary division among members	468,297	0	0	0	468,297
Members' interest after profit for the financial year	468,297	584,048	200,000	784,048	1,252,345
Division of profit	(468,297)	0	468,297	468,297	0
Drawings	0	(799,277)	0	(799,277)	(799,277)
Amounts due to members		253,068	200,000	453,068
Balance at 31 March 2024	0	253,068	200,000	453,068	453,068
Profit for the financial year available for discretionary division among members	252,646	0	0	0	252,646
Members' interest after profit for the financial year	252,646	253,068	200,000	453,068	705,714
Division of profit	(252,646)	252,646	0	252,646	0
Drawings	0	(313,862)	0	(313,862)	(313,862)
Amounts due to members		191,852	200,000	391,852
Balance at 31 March 2025	0	191,852	200,000	391,852	391,852

There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Fairweathers Solicitors LLP is a limited liability partnership, incorporated in the United Kingdom under the Limited Liability Partnerships Act 2000 and is registered in England and Wales. The address of the LLP's registered office is Suit A4, Clover House, John Wilson Business Park, Whitstable, Kent, CT5 3QZ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Limited Liability Partnerships Act 2000 as applicable to companies subject to the small companies regime and the requirements of the Statement of Recommended Practice Accounting by Limited Liability Partnerships issued in December 2021 (SORP 2022).

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

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Turnover is not recognised in respect of engagements where the right to receive payment is contingent on factors outside of the control of the LLP, the outcome of which could not be foreseen at the balance sheet date. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

For those client assignments in progress at the reporting date for which no income has been recognised, either because they are being undertaken on a contingent fee basis or where income
recognition is dependent upon a specific significant act which is yet to occur, the accumulated costs are recognised as work in progress. Cost includes the labour costs of personnel directly engaged in
providing the service, including supervisory personnel, and attributable overheads. Provision is made in order to ensure that work in progress is valued at the lower of cost and estimated selling price less costs to complete and sell.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the LLP and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Employee benefits

Defined contribution schemes
The LLP operates a defined contribution scheme. The amount charged to the Statement of Comprehensive Income in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Finance costs

Finance costs are charged to the Statement of Comprehensive Income over the term of the debt using the effective interest method so 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.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery	3 years straight line
Fixtures and fittings	3 - 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Comprehensive Income as described below.

Financial assets
An asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

Where indicators exist for a decrease in impairment loss, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

For financial assets carried at amortised cost, the amount of impairment is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the financial asset’s original effective interest rate.

For financial assets carried at cost less impairment, the impairment loss is the difference between the asset’s carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.

Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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 Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

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 automatically. Automatic divisions of profits are recognised as 'Members' remuneration charged as an expense in the Statement of comprehensive income.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the LLP during the year	4		9

3. Tangible assets

	Plant and machinery		Fixtures and fittings		Total
	£		£		£
Cost
At 01 April 2024	143,116		114,840		257,956
Additions	0		1,455		1,455
Disposals	( 143,116)		( 85,106)		( 228,222)
At 31 March 2025	0		31,189		31,189
Accumulated depreciation
At 01 April 2024	143,116		108,097		251,213
Charge for the financial year	0		3,360		3,360
Disposals	( 143,116)		( 85,106)		( 228,222)
At 31 March 2025	0		26,351		26,351
Net book value
At 31 March 2025	0		4,838		4,838
At 31 March 2024	0		6,743		6,743

4. Debtors

	2025		2024
	£		£
Trade debtors	280,772		127,884
Prepayments and accrued income	64,892		58,444
Other debtors	7,500		27,500
	353,164		213,828

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	4,242		18,368
Accruals	30,516		95,703
Other taxation and social security	50,691		98,422
Other creditors	3,707		3,497
	89,156		215,990

6. Loans and other debts due to members

	2025		2024
	£		£
Members' capital treated as debt	191,852		253,068
Other amounts due to members	200,000		200,000
	391,852		453,068

Loans and other debts due to members may be further analysed as follows:

	2025		2024
	£		£
Falling due within one year	391,852		453,068

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

No restrictions or limitations exist on the ability of the members to reduce the amount of members' other interests.

7. Ultimate controlling party

The ultimate controlling party is N Fairweather.