Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-31 2025-03-31 2024-04-01 false The principal activity of the LLP during the year is that of a legal practice.12 9 true true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC434172 2024-04-01 2025-03-31 OC434172 2023-04-01 2024-03-31 OC434172 2025-03-31 OC434172 2024-03-31 OC434172 c:FurnitureFittings 2024-04-01 2025-03-31 OC434172 c:FurnitureFittings 2025-03-31 OC434172 c:FurnitureFittings 2024-03-31 OC434172 c:FurnitureFittings c:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 OC434172 c:NegativeGoodwill 2025-03-31 OC434172 c:NegativeGoodwill 2024-03-31 OC434172 c:CurrentFinancialInstruments 2025-03-31 OC434172 c:CurrentFinancialInstruments 2024-03-31 OC434172 c:CurrentFinancialInstruments c:WithinOneYear 2025-03-31 OC434172 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC434172 d:FRS102 2024-04-01 2025-03-31 OC434172 d:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 OC434172 d:FullAccounts 2024-04-01 2025-03-31 OC434172 d:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC434172 c:NegativeGoodwill c:OwnedIntangibleAssets 2024-04-01 2025-03-31 OC434172 d:PartnerLLP1 2024-04-01 2025-03-31 OC434172 d:PartnerLLP2 2024-04-01 2025-03-31 OC434172 c:FurtherSpecificReserve3ComponentTotalEquity 2025-03-31 OC434172 c:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 OC434172 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Company registration number: OC434172
| UNAUDITED FINANCIAL STATEMENTS
| FOR THE YEAR ENDED 31 MARCH 2025
| PALMERS SOLICITORS, KINGSTON UPON THAMES LLP
PALMERS SOLICITORS, KINGSTON UPON THAMES LLP |  |
INFORMATION
Designated Members A N Lopez
S A R Shah
LLP registered number OC434172
Registered office 88-91 Clarence Street, Kingston upon Thames, Surrey, KT1 1QY
Accountants Menzies LLP, Ashcombe House, 5 The Crescent, Leatherhead, Surrey, KT22 8DY
PALMERS SOLICITORS, KINGSTON UPON THAMES LLP |  |
CONTENTS
| Page
Statement of Financial Position | 1 - 2
Notes to the Financial Statements | 3 - 8
PALMERS SOLICITORS, KINGSTON UPON THAMES LLP |  |
STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Intangible assets | 4 |  | (2,888) |  | (3,301)
Tangible assets | 5 |  | 12,292 |  | 14,036
|  |  | 9,404 |  | 10,735
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 6 | 159,603 |  | 153,993 |
Cash at bank and in hand |  | 138,923 |  | 36,345 |
|  | 298,526 |  | 190,338 |
Creditors: Amounts Falling Due Within One Year | 7 | (147,752) |  | (102,075) |
Net current assets |  |  | 150,774 |  | 88,263
Total assets less current liabilities |  |  | 160,178 |  | 98,998
Net assets |  |  | 160,178 |  | 98,998
Page 1
PALMERS SOLICITORS, KINGSTON UPON THAMES LLP REGISTERED NUMBER:OC434172 |  |
STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 31 MARCH 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Represented by: |  |  |  |  |
Loans and other debts due to members within one year |  |  |  |  |
Other amounts | 8 |  | 160,178 |  | 98,998
|  |  | 160,178 |  | 98,998
|  |  | 160,178 |  | 98,998
Total members' interests |  |  |  |  |
Loans and other debts due to members | 8 |  | 160,178 |  | 98,998
|  |  | 160,178 |  | 98,998
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime. The entity 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. 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. The financial statements have been delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The entity has opted not to file the income statement in accordance with the provisions applicable to entities subject to the small LLPs regime. The financial statements were approved and authorised for issue by the members and were signed on their behalf by:
A N Lopez
Designated member
Date: 8 December 2025
The notes on pages 3 to 8 form part of these financial statements. Palmers Solicitors, Kingston upon Thames LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of Changes in Equity. Page 2
PALMERS SOLICITORS, KINGSTON UPON THAMES LLP |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. | General information
Palmers Solicitors Kingston Upon Thames LLP is a limited liability partnership incorporated in England and Wales. The registered office is 89-91 Clarence Street, Kingston Upon Thames, Surrey, United Kingdom, KT1 1QY. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The following principal accounting policies have been applied:
| 2.2 | Revenue
The turnover shown in the Income Statement represents amounts receivable for solicitors services provided during the year in the normal course of business, net of trade discounts, VAT and other sales and related taxes. Revenue is either recognised on work completed, or in the case of ongoing service contracts, revenue represents the value of work done in the year including estimates of amounts not invoiced.
| 2.3 | 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'.
| 2.4 | Intangible fixed assets
Negative goodwill Negative goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer's interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, negative goodwill is measured at cost less accumulated amortisation. Negative goodwill amortisation is recognised in the profit and loss account on the excess, up to fair value, of non-monetary assets in the periods in which the benefit is expected to occur. Page 3
PALMERS SOLICITORS, KINGSTON UPON THAMES LLP |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.5 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Furniture and equipment | - | 4 to 10 years straight line
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.6 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value. Page 4
PALMERS SOLICITORS, KINGSTON UPON THAMES LLP |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.7 | Members' participation rights
Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits). Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with Section 22 of FRS 102. 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships'. A member's participation right results in a liability unless the right to any payment is discretionary on the part of the LLP. Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities. Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the Statement of comprehensive income in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the Statement of financial position. Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the Statement of comprehensive income and are equity appropriations in the Statement of financial position. Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment. All amounts due to members that are classified as liabilities are presented in the Statement of financial position within 'Loans and other debts due to members' and are charged to the Statement of comprehensive income within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the Statement of financial position within 'Members' other interests'.
3. | Employees
The average monthly number of employees, during the period was 12 (2024 - 9) Page 5
PALMERS SOLICITORS, KINGSTON UPON THAMES LLP |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
4. | Intangible assets
|  | Negative goodwill
|  | £
| At 1 April 2024 | (124,545)
| At 31 March 2025 | (124,545)
| At 1 April 2024 | (121,244)
| Charge for the year on owned assets | (413)
| At 31 March 2025 | (121,657)
| Net book value |
| At 31 March 2025 | (2,888)
| At 31 March 2024 | (3,301)
Page 6
PALMERS SOLICITORS, KINGSTON UPON THAMES LLP |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
5. | Tangible fixed assets
|  | Furniture and equipment
|  | £
| Cost or valuation |
| At 1 April 2024 | 17,545
| Additions | 1,188
| At 31 March 2025 | 18,733
| Depreciation |
| At 1 April 2024 | 3,509
| Charge for the year on owned assets | 2,932
| At 31 March 2025 | 6,441
| Net book value |
| At 31 March 2025 | 12,292
| At 31 March 2024 | 14,036
6. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 58,839 | 50,317
| Prepayments and accrued income | 20,858 | 22,724
| Amounts recoverable on long term contracts | 79,906 | 80,953
|  | 159,603 | 153,994
Page 7
PALMERS SOLICITORS, KINGSTON UPON THAMES LLP |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 4,123 | -
| Other taxation and social security | 36,188 | 36,965
| Other creditors | 1,726 | 1,338
| Accruals and deferred income | 105,715 | 63,772
|  | 147,752 | 102,075
8. | Loans and other debts due to members
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts due to members in respect of profits | 160,178 | 98,998
|  | 160,178 | 98,998
| Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up.
Page 8