Company No: OC431520 (England and Wales)

Contents

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

Designated members	C I Bagnall
	M J W Metters
	M D Troy (Resigned 30 April 2025)

Registered office	3-9 Cricketers Parade Broadwater Street West
	Worthing
	BN14 8JB
	United Kingdom

Registered number

OC431520 (England and Wales)

Accountant	Kreston Reeves LLP
	9 Donnington Park
	85 Birdham Road
	Chichester
	West Sussex
	PO20 7AJ

In order to assist you to fulfil your duties under the Companies Act 2006 as applied to Limited Liability Partnerships, we have prepared for your approval the financial statements of Miller Parris Solicitors LLP for the financial year ended 30 April 2025 which comprise the Balance Sheet, the Reconciliation of Members' Interests and the related notes 1 to 7 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 at www.icaew.com/regulation.

It is your duty to ensure that Miller Parris Solicitors 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 result of Miller Parris Solicitors LLP. You consider that Miller Parris Solicitors LLP is exempt from the statutory audit requirement for the financial year.

We have not been instructed to carry out an audit or a review of the financial statements of Miller Parris Solicitors 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.

This report is made solely to the members of Miller Parris Solicitors LLP, as a body, in accordance with the terms of our engagement letter dated 23 June 2025. Our work has been undertaken solely to prepare for your approval the financial statements of Miller Parris Solicitors LLP and state those matters that we have agreed to state to members of Miller Parris Solicitors LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Miller Parris Solicitors LLP and its members as a body for our work or for this report.

Kreston Reeves LLP

9 Donnington Park
85 Birdham Road
Chichester
West Sussex
PO20 7AJ

19 November 2025

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	33,520		39,487
		33,520		39,487
Current assets
Debtors	4	713,758		734,842
Cash at bank and in hand		250,962		173,428
		964,720		908,270
Creditors: amounts falling due within one year	5	( 136,514)		( 102,426)
Net current assets		828,206		805,844
Total assets less current liabilities		861,726		845,331
Creditors: amounts falling due after more than one year	6	( 10,010)		( 30,018)
Net assets attributable to members		851,716		815,313
Represented by
Loans and other debts due to members within one year
Members' capital classified as a liability		208,379		208,379
Other amounts		643,337		606,934
		851,716		815,313
Members' other interests
		0		0
		851,716		815,313
Total members' interests
Loans and other debts due to members		851,716		815,313
		851,716		815,313

For the financial year ending 30 April 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 Profit and Loss Account has not been delivered.

The financial statements of Miller Parris Solicitors LLP (registered number: OC431520) were approved and authorised for issue by the Board of Directors on 19 November 2025. They were signed on its behalf by:

C I Bagnall Designated member

M J W Metters Designated member

	DEBT Loans and other debts due to members less any amounts due from members in debtors			Total members' interests
	Members' capital (classified as debt)	Other amounts	Total	Total
	£	£	£	£
Amounts due to members	208,379	671,473	879,852
Balance at 01 May 2023	208,379	671,473	879,852	879,852
Members' remuneration charged as an expense, including employment and retirement benefit costs	0	285,714	285,714	285,714
Members' interest after result for the financial year	208,379	957,187	1,165,566	1,165,566
Drawings	0	(256,963)	(256,963)	(256,963)
Interest on capital	0	37,167	37,167	37,167
Tax payments	0	(130,457)	(130,457)	(130,457)
Amounts due to members	208,379	606,934	815,313
Balance at 30 April 2024	208,379	606,934	815,313	815,313
Members' remuneration charged as an expense, including employment and retirement benefit costs	0	418,738	418,738	418,738
Members' interest after result for the financial year	208,379	1,025,672	1,234,051	1,234,051
Drawings	0	(203,887)	(203,887)	(203,887)
Interest on capital	0	22,683	22,683	22,683
Tax payments	0	(201,131)	(201,131)	(201,131)
Amounts due to members	208,379	643,337	851,716
Balance at 30 April 2025	208,379	643,337	851,716	851,716

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

Miller Parris 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 3-9 Cricketers Parade Broadwater Street West, Worthing, BN14 8JB, 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. 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.

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 Profit and Loss Account 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 Profit and Loss Account 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:

Fixtures and fittings	4 years straight line
Computer equipment	3 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.

Leases

The LLP as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

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 Profit and Loss Account as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

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.

Provisions

Provisions are recognised when the LLP has a present obligation (legal or constructive) as a result of a past event, it is probable that the LLP will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation
on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.

Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

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 .

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the LLP during the year	28		29

3. Tangible assets

	Fixtures and fittings		Computer equipment		Total
	£		£		£
Cost
At 01 May 2024	9,070		107,876		116,946
Additions	1,107		12,816		13,923
Disposals	( 1,026)		( 12,675)		( 13,701)
At 30 April 2025	9,151		108,017		117,168
Accumulated depreciation
At 01 May 2024	6,820		70,639		77,459
Charge for the financial year	1,273		18,605		19,878
Disposals	( 1,026)		( 12,663)		( 13,689)
At 30 April 2025	7,067		76,581		83,648
Net book value
At 30 April 2025	2,084		31,436		33,520
At 30 April 2024	2,250		37,237		39,487

4. Debtors

	2025		2024
	£		£
Trade debtors	176,903		189,116
Amounts recoverable on contracts	432,067		444,813
Prepayments and accrued income	104,788		100,913
	713,758		734,842

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	20,000		20,000
Trade creditors	5,441		3,232
Accruals	11,850		10,475
Other taxation and social security	95,228		65,356
Other creditors	3,995		3,363
	136,514		102,426

6. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	10,010		30,018

There are no amounts included above in respect of which any security has been given by the small entity.

7. Financial commitments

Pensions

The LLP operates a defined contribution pension scheme for the members and employees. The assets of the scheme are held separately from those of the LLP in an independently administered fund.

	2025		2024
	£		£
Unpaid contributions due to the fund (inc. in other creditors)	3,995		3,242