Kingsley Smith Solicitors LLP - Accounts to registrar (filleted)

REGISTERED NUMBER: OC305935 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

KINGSLEY SMITH SOLICITORS LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

N M Kingsley-Smith

Mrs E Kingsley-Smith

REGISTERED OFFICE:

The Joiners Shop

The Historic Dockyard

Chatham

Kent

ME4 4TZ

REGISTERED NUMBER:

OC305935 (England and Wales)

ACCOUNTANTS:

Carleys

Second Floor South

The Fitted Rigging House

The Historic Dockyard

Chatham

Kent

ME4 4TZ

FIXED ASSETS

Tangible assets

4

43,323

55,778

CURRENT ASSETS

Debtors

5

336,572

275,035

Cash at bank and in hand

268,545

283,214

605,117

558,249

CREDITORS

Amounts falling due within one year

6

(223,460

)

(245,707

)

NET CURRENT ASSETS

381,657

312,542

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO
MEMBERS

424,980

368,320

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

274,980

218,320

MEMBERS' OTHER INTERESTS

Capital accounts

150,000

424,980

368,320

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

274,980

218,320

Members' other interests

150,000

424,980

368,320

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 8 December 2025 and were signed by:

Mrs E Kingsley-Smith - Designated member

1.	STATUTORY INFORMATION

Kingsley Smith 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.

Revenue recognition

Revenue in respect of professional services is recognised by reference to the fair value of the services provided at the balance sheet date as a proportion of the total value of the engagement. Unbilled revenue is included within debtors as accrued income.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance, 15% on reducing balance, Straight line over 3 years, Straight line over 5 years and Straight line over 10 years

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 6 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 April 2024

21,109

228,304

249,413

Additions

-

2,319

At 31 March 2025

21,109

230,623

251,732

DEPRECIATION

At 1 April 2024

21,109

172,526

193,635

Charge for year

-

14,774

At 31 March 2025

21,109

187,300

208,409

NET BOOK VALUE

At 31 March 2025

-

43,323

At 31 March 2024

-

55,778

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

282,873

232,832

Other debtors

53,699

42,203

336,572

275,035

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Taxation and social security

22,081

18,875

Other creditors

201,379

226,832

223,460

245,707

Included in other creditors is client ledger balances totalling £182,455 (2024: £210,497).

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2025

2024

£

Amounts owed to members in respect of profits

274,980

218,320

Falling due within one year

274,980

218,320

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up. There is no provision for specific legally enforceable protection afforded to creditors in such an event. There are no restrictions or limitations on the ability of the members to reduce the amount of Members other interests.

8.	ULTIMATE CONTROLLING PARTY

No one person controls the LLP.