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REGISTERED NUMBER: SC465681 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

R & J M Hill Brown & Co Limited

| R & J M Hill Brown & Co Limited (Registered number: SC465681) |

Contents of the Financial Statements

for the Year Ended 31 March 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| R & J M Hill Brown & Co Limited |

Company Information

for the Year Ended 31 March 2025

| DIRECTORS: | Ms A A Junner

| Miller Samuel Hill Brown LLP

| E L Laverty

| SECRETARY: | Ms A A Junner

| REGISTERED OFFICE: | 5 Renfield Street

| Glasgow

| G2 5EZ

| REGISTERED NUMBER: | SC465681 (Scotland)

| ACCOUNTANTS: | Gillespie & Anderson

| Chartered Accountants

| 147 Bath Street

| Glasgow

| G2 4SN

| R & J M Hill Brown & Co Limited (Registered number: SC465681) |

Balance Sheet

31 March 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 24,792 |  | 99,954 |  |

Tangible assets | 5 | - |  | - |  |

24,792 |  | 99,954 |  |

CURRENT ASSETS

Debtors | 6 | 181,843 |  | 213,224 |  |

Cash at bank | 89,374 |  | 89,725 |  |

271,217 |  | 302,949 |  |

CREDITORS

Amounts falling due within one year | 7 | 210,986 |  | 306,395 |  |

NET CURRENT ASSETS/(LIABILITIES) | 60,231 |  | (3,446 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 85,023 |  | 96,508 |  |

CAPITAL AND RESERVES

Called up share capital | 110 |  | 110 |  |

Retained earnings | 84,913 |  | 96,398 |  |

SHAREHOLDERS' FUNDS | 85,023 |  | 96,508 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company 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 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 August 2025 and were signed on its behalf by:

Ms A A Junner - Director

| R & J M Hill Brown & Co Limited (Registered number: SC465681) |

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| R & J M Hill Brown & Co Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Going Concern

| The financial statements are prepared on the going concern basis of accounting as, in the opinion of the directors, there are no matters of material uncertainty which cast doubt on the company's ability to continue.

| Significant judgements and estimates

| In preparing the financial statements, management is required to make judgements, estimates and assumptions, based on historical experience and other relevant factors. Actual results may differ from these best estimates, which are reviewed on an ongoing basis.

| The items in the financial statements where these judgements are required (and the factors in play) include trade debtors (recovery thereof), fixed assets (depreciation rates & impairment) and accruals (estimating liability).

| Turnover & revenue recognition

| Turnover represents net invoiced sales of legal services, excluding value added tax, as adjusted for unbilled work at the end of the year

| Revenue is recognised as earned when, and to the extent that, the firm obtains the right to consideration in exchange for its performance under the contracts it has in place to provide legal services. It is measured at the fair value of the right to consideration, which represents amounts chargeable to clients, including expenses and disbursements.

| Revenue is generally recognised as contract activity progresses so that for incomplete contracts it reflects the partial performance of the contractual obligations. For such contracts, the amount of revenue reflects the accrual of the right to consideration by reference to the value of the work performed. Revenue not billed to clients at the financial year end is included in debtors as amounts recoverable from clients in respect of unbilled work performed.

| Goodwill

| Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life, between 2 and 10 years.

| It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

| Tangible fixed assets

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

| Plant and machinery etc | - | 33% on cost and 20% on reducing balance

| R & J M Hill Brown & Co Limited (Registered number: SC465681) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| The company has no complex financial instruments but does hold basic financial instruments of cash at bank, debtors and creditors.

| Cash and cash equivalents comprise solely of cash at bank, with any bank overdraft shown within current liabilities, recognised at historic cost.

| Trade and other debtors are initially recognised at transaction price and subsequently measured at amortised cost using the effective interest method, less any impairment for bad debts (except where the effect of discounting would be immaterial, in which case, trade and other debtors are stated at cost less impairment).

| Similarly, trade and other creditors are also recognised initially at transaction price, with subsequent measurements at amortised cost using the effective interest method, less any impairment for non-payment (except where the effect of discounting would be immaterial, in which case, trade and other creditors are stated at cost less impairment).

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| Provision for liabilities

| A provision is initially recognised when there is an obligation at the balance sheet date as the result of a past event, it is probable that there will be the transfer of funds in settlement and the amount of the obligation can be estimated reliably. The provision is subsequently measured by placing a charge against the provision only for expenditure for which the provision was originally recognised.

| Employee benefits

| The total cost of employee benefits to which employees have become entitled as a result of service rendered to the entity during the reporting period are recognised and charged to the profit and loss account in the period to which they relate.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2024 - 2 ) .

| R & J M Hill Brown & Co Limited (Registered number: SC465681) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 24,792 |  |

| AMORTISATION

| At 1 April 2024 | (75,162 | ) |

| Charge for year | 75,162 |  |

| At 31 March 2025 | - |  |

| NET BOOK VALUE

| At 31 March 2025 | 24,792 |  |

| At 31 March 2024 | 99,954 |  |

5. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 13,986 |  |

| DEPRECIATION

| At 1 April 2024

| and 31 March 2025 | 13,986 |  |

| NET BOOK VALUE

| At 31 March 2025 | - |  |

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

2025 | 2024 |

£ | £ |

| Trade debtors | 125,015 |  | 153,798 |  |

| Other debtors | 56,828 |  | 59,426 |  |

181,843 |  | 213,224 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | - |  | 3,583 |  |

| Trade creditors | 65,034 |  | 58,110 |  |

| Amounts owed to group undertakings | 46,282 |  | 125,010 |  |

| Taxation and social security | 50,306 |  | 34,337 |  |

| Other creditors | 49,364 |  | 85,355 |  |

210,986 |  | 306,395 |  |

| R & J M Hill Brown & Co Limited (Registered number: SC465681) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

8. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank loans | - |  | 3,583 |  |

| A floating charge is held by the Royal Bank of Scotland plc over the assets of the company.

| The Company received a Business Interruption Loan from the Royal Bank of Scotland in April 2020 for £129,000. Interest was chargeable at 4.59% over base rate and was secured by a bond and floating charge over the assets of the Company.

9. | RELATED PARTY DISCLOSURES

| Details of inter group related party transactions have not been disclosed in accordance with the exemption available in section 33 of FRS 102.

10. | ULTIMATE CONTROLLING PARTY

| The controlling party is Miller Samuel Hill Brown LLP.

| The registered office address of Miller Samuel Hill Brown LLP is 5 Renfield Street, Glasgow G2 5EZ.