REGISTERED NUMBER: OC345353 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

PLANE LEGAL LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Mrs J A Bailey

Mr G J Bailey

REGISTERED OFFICE:

63 Queens Road

Cowes

PO31 8BW

REGISTERED NUMBER:

OC345353 (England and Wales)

ACCOUNTANTS:

Xeinadin Isle of Wight

1 Langley Court

Pyle Street

Newport

Isle of Wight

PO30 1LA

FIXED ASSETS

Tangible assets

4

1,866

465

CURRENT ASSETS

Debtors

5

82,852

37,454

Cash at bank

2,180

618

85,032

38,072

CREDITORS

Amounts falling due within one year

6

1,595

2,585

NET CURRENT ASSETS

83,437

35,487

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

85,303

35,952

LOANS AND OTHER DEBTS DUE TO MEMBERS

7

85,303

35,952

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

85,303

35,952

Amounts due from members

5

(44,614

)

(16,864

)

40,689

19,088

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 December 2025 and were signed by:

Mrs J A Bailey - Designated member

1.	STATUTORY INFORMATION

Plane Legal 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Computer equipment

-

33% on reducing balance

3.	EMPLOYEE INFORMATION

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

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2024

19,585

Additions

2,332

Disposals

(19,074

)

At 31 March 2025

2,843

DEPRECIATION

At 1 April 2024

19,120

Charge for year

641

Eliminated on disposal

(18,784

)

At 31 March 2025

977

NET BOOK VALUE

At 31 March 2025

1,866

At 31 March 2024

465

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

21,901

2,000

Amounts due from members

44,614

16,864

VAT

227

350

Prepayments

16,110

18,240

82,852

37,454

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Accrued expenses

1,595

2,585

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

The policy regarding members' drawings states that designated members draw money defined as repayments of capital not exceeding profits achieved in the year.