REGISTERED NUMBER: OC340853 (England and Wales)

S P LAW LLP

Unaudited Financial Statements

for the Year Ended 30 March 2025

Page

General Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

5

Designated members:

Mr S Patel

Mr H R Shah

Registered office:

8 Spencer Parade

Northampton

Northamptonshire

NN1 5AA

Registered number:

OC340853 (England and Wales)

Accountants:

Cobley Desborough

Chartered Certified Accountants

Chartered Tax Advisers

Artisans' House

7 Queensbridge

Northampton

Northamptonshire

NN4 7BF

FIXED ASSETS

Tangible assets

4

932,781

1,100,970

CURRENT ASSETS

Debtors

5

89,149

112,646

Cash at bank

10,626

12,310

99,775

124,956

CREDITORS

Amounts falling due within one year

6

262,794

446,617

NET CURRENT LIABILITIES

(163,019

)

(321,661

)

TOTAL ASSETS LESS CURRENT LIABILITIES

769,762

779,309

CREDITORS

Amounts falling due after more than one year

7

466,649

477,499

NET ASSETS ATTRIBUTABLE TO MEMBERS

303,113

301,810

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

303,113

301,810

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

303,113

301,810

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 30 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 15 September 2025 and were signed by:

Mr H R Shah - Designated member

1.	STATUTORY INFORMATION

S P Law 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.

3.	EMPLOYEE INFORMATION

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

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

Cost

At 31 March 2024

1,100,970

Disposals

(168,189

)

At 30 March 2025

932,781

Net book value

At 30 March 2025

932,781

At 30 March 2024

1,100,970

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

89,149

112,646

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other creditors

262,794

446,617

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

466,649

477,499

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

All creditors are secured on assets and therefore rank ahead of members.