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REGISTERED NUMBER: OC371037 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

BG Solicitors LLP

BG Solicitors LLP (Registered number: OC371037)

Contents of the Financial Statements

for the year ended 31 March 2025

Page |

General Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

BG Solicitors LLP

General Information

for the year ended 31 March 2025

| DESIGNATED MEMBERS: | Sharon Carr Limited

| Benjamin Barber Limited

| Mrs M T Barber

| REGISTERED OFFICE: | Lauriston House

| Town Hall Square

| Grimsby

| DN31 1JB

| REGISTERED NUMBER: | OC371037 (England and Wales)

| ACCOUNTANTS: | Smailes Goldie

| Chartered Accountants

| Regent's Court

| Princess Street

| Hull

| East Yorkshire

| HU2 8BA

BG Solicitors LLP (Registered number: OC371037)

Balance Sheet

31 March 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Tangible assets | 5 | 595,334 |  | 91,407 |  |

Investments | 6 | 149,637 |  | 145,603 |  |

744,971 |  | 237,010 |  |

CURRENT ASSETS

Debtors | 7 | 1,545,006 |  | 1,567,900 |  |

Cash at bank and in hand | 116,683 |  | 2,708 |  |

1,661,689 |  | 1,570,608 |  |

CREDITORS

Amounts falling due within one year | 8 | 1,149,853 |  | 1,119,441 |  |

NET CURRENT ASSETS | 511,836 |  | 451,167 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,256,807 |  | 688,177 |  |

CREDITORS

Amounts falling due after more than one year | 9 | (428,043 | ) | (163,216 | ) |

PROVISIONS FOR LIABILITIES | (20,000 | ) | (20,000 | ) |

NET ASSETS ATTRIBUTABLE TO MEMBERS | 808,764 |  | 504,961 |  |

BG Solicitors LLP (Registered number: OC371037)

Balance Sheet - continued

31 March 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

LOANS AND OTHER DEBTS DUE TO MEMBERS | 11 | 8,764 |  | 74,961 |  |

MEMBERS' OTHER INTERESTS

Capital accounts | 800,000 |  | 430,000 |  |

808,764 |  | 504,961 |  |

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members | 11 | 8,764 |  | 74,961 |  |

Members' other interests | 800,000 |  | 430,000 |  |

Amounts due from members | 7 | (86,102 | ) | (91,713 | ) |

722,662 |  | 413,248 |  |

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 31 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.

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 4 November 2025 and were signed by:

Benjamin Barber Limited - Designated member

BG Solicitors LLP (Registered number: OC371037)

Notes to the Financial Statements

for the year ended 31 March 2025

1. | STATUTORY INFORMATION

| BG Solicitors LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

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 represents the value of professional services provided, excluding value added tax, measured at fair value. This includes amounts in respect of service contracts where the LLP has obtained the right to consideration.

| Goodwill

| Goodwill, being the amount charged to the LLP in connection with the acquistion of the business K Ready & Co in 2016, is classified as an asset on the balance and amortised in a straight line basis over its estimated useful life of 5 years. Provision is made for any impairment.

| Tangible fixed assets

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

| Pension costs and other post-retirement benefits

| When employees have rendered service to the LLP, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

| The LLP operates a defined contribution plan for the benefit of its employees. Contributions are charged to the profit and loss account as they become payable.

| Debtors and creditors

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

| Any amounts due after more than one year are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a financing transaction it is measured at the present value of the future payments discounted at a market rate of interest for a similar instrument.

| 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.

3. | EMPLOYEE INFORMATION

| The average number of employees during the year was 74 (2024 - 84 ) .

BG Solicitors LLP (Registered number: OC371037)

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 | 55,664 |  |

| AMORTISATION

| At 1 April 2024

| and 31 March 2025 | 55,664 |  |

| NET BOOK VALUE

| At 31 March 2025 | - |  |

| At 31 March 2024 | - |  |

5. | TANGIBLE FIXED ASSETS

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| COST

| At 1 April 2024 | - |  | 536,818 |  | 536,818 |  |

| Additions | 507,542 |  | 34,970 |  | 542,512 |  |

| At 31 March 2025 | 507,542 |  | 571,788 |  | 1,079,330 |  |

| DEPRECIATION

| At 1 April 2024 | - |  | 445,411 |  | 445,411 |  |

| Charge for year | - |  | 38,585 |  | 38,585 |  |

| At 31 March 2025 | - |  | 483,996 |  | 483,996 |  |

| NET BOOK VALUE

| At 31 March 2025 | 507,542 |  | 87,792 |  | 595,334 |  |

| At 31 March 2024 | - |  | 91,407 |  | 91,407 |  |

6. | FIXED ASSET INVESTMENTS

| Other

| investments

£ |

| COST

| At 1 April 2024 | 145,603 |  |

| Additions | 4,034 |  |

| At 31 March 2025 | 149,637 |  |

| NET BOOK VALUE

| At 31 March 2025 | 149,637 |  |

| At 31 March 2024 | 145,603 |  |

BG Solicitors LLP (Registered number: OC371037)

Notes to the Financial Statements - continued

for the year ended 31 March 2025

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

2025 | 2024 |

£ | £ |

| Trade debtors | 192,175 |  | 243,777 |  |

| Amounts recoverable on contract | 1,031,032 |  | 1,018,840 |  |

| Other debtors | 321,799 |  | 305,283 |  |

1,545,006 |  | 1,567,900 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 597,615 |  | 693,349 |  |

| Trade creditors | 36,582 |  | 31,304 |  |

| Taxation and social security | 183,220 |  | 183,662 |  |

| Other creditors | 332,436 |  | 211,126 |  |

1,149,853 |  | 1,119,441 |  |

| The partnership obtained finance through the government's Coronavirus Business Interruption Loan Scheme (CBILS) and the government's Bounce-back Loan Scheme (BBLS). Both schemes provide a government-backed guarantee and therefore none of the company's assets are held as security by the provider of the loans.

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

2025 | 2024 |

£ | £ |

| Bank loans | 428,043 |  | 108,216 |  |

| Other creditors | - |  | 55,000 |  |

428,043 |  | 163,216 |  |

| The partnership obtained finance through the government's Coronavirus Business Interruption Loan Scheme (CBILS) and the government's Bounce-back Loan Scheme (BBLS). Both schemes provide a government-backed guarantee and therefore none of the company's assets are held as security by the provider of the loans.

10. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 772,233 |  | 293,361 |  |

| The bank loan and overdraft is secured by a fixed and floating charge over the assets of the company.

BG Solicitors LLP (Registered number: OC371037)

Notes to the Financial Statements - continued

for the year ended 31 March 2025

11. | LOANS AND OTHER DEBTS DUE TO MEMBERS |

2025 | 2024 |

£ | £ |

| Amounts owed to members in respect of profits | 8,764 |  | 74,961 |  |

| Falling due within one year | 8,764 |  | 74,961 |  |

| Amounts included in loans and other debts due to members would rank pari passu to other unsecured creditors in the event of a winding up. There are no restrictions on the ability of the members to reduce the amount of members' other interest.

12. | FINANCIAL COMMITMENTS

| Total financial commitments, guarantees and contingencies which are not included in the balance amount to £Nil (2024: £Nil).