| REGISTERED NUMBER: |
| PINKNEY GRUNWELLS LAWYERS LLP |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 |
| REGISTERED NUMBER: |
| PINKNEY GRUNWELLS LAWYERS LLP |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 |
| PINKNEY GRUNWELLS LAWYERS LLP (REGISTERED NUMBER: OC327528) |
| 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 |
| PINKNEY GRUNWELLS LAWYERS LLP |
| GENERAL INFORMATION |
| for the year ended 31 March 2025 |
| DESIGNATED MEMBERS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Units 7-8 Manor Court |
| Manor Garth |
| Eastfield |
| Scarborough |
| North Yorkshire |
| YO11 3TU |
| PINKNEY GRUNWELLS LAWYERS LLP (REGISTERED NUMBER: OC327528) |
| BALANCE SHEET |
| 31 March 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
| NET ASSETS ATTRIBUTABLE TO MEMBERS |
720,531 |
475,217 |
| LOANS AND OTHER DEBTS DUE TO MEMBERS |
11 |
720,531 |
475,217 |
| TOTAL MEMBERS' INTERESTS |
| Loans and other debts due to members | 11 | 720,531 | 475,217 |
| 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. |
| PINKNEY GRUNWELLS LAWYERS LLP (REGISTERED NUMBER: OC327528) |
| BALANCE SHEET - continued |
| 31 March 2025 |
| The financial statements were approved by the members of the LLP and authorised for issue on |
| PINKNEY GRUNWELLS LAWYERS LLP (REGISTERED NUMBER: OC327528) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the year ended 31 March 2025 |
| 1. | STATUTORY INFORMATION |
| Pinkney Grunwells Lawyers LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page. |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts. |
| Turnover |
| Turnover represents net billed professional costs, excluding value added tax. Turnover in respect of contingent fee assignments is only recognised when the contingent fee occurs and collectability of the fee is assured. Unbilled turnover on client assignments is included as amounts recoverable on contracts within debtors. |
| Goodwill |
| Goodwill, being the amount paid in connection with the acquisition of a business, has been amortised over its estimated useful life of five years, from the commencement of the LLP. |
| Tangible fixed assets |
| Freehold property | - |
| Improvements to property | - |
| Fixtures and fittings | - |
| Computer equipment | - |
| 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. |
| Pension costs and other post-retirement benefits |
| The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate. |
| Members interests |
| Under the terms of the LLP agreement each Equity Member, with the agreement of that member, is to introduce an initial capital sum of £50,000. On a specified date each month a basic drawings figure is payable directly to each Equity Member and any other drawings shall from time to time be determined by the LLP. No drawings are to be taken if the LLP shall at any time determine that there is insufficient money in the bank accounts of the LLP for that purpose or that the money in those accounts is needed to meet the expenses of the LLP at that time. On death, retirement or expulsion the Equity Member is due repayment in full of the balance standing to his/her credit over a period of three years. Profits are allocated to the Equity Members in accordance with the LLP agreement and provide for a basic sum dependant on days worked, interest in amounts owing and on an equal split of any residue. |
| PINKNEY GRUNWELLS LAWYERS LLP (REGISTERED NUMBER: OC327528) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 March 2025 |
| 3. | EMPLOYEE INFORMATION |
| The average number of employees during the year was |
| 4. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 1 April 2024 |
| and 31 March 2025 |
| AMORTISATION |
| At 1 April 2024 |
| and 31 March 2025 |
| NET BOOK VALUE |
| At 31 March 2025 |
| At 31 March 2024 |
| 5. | TANGIBLE FIXED ASSETS |
| Improvements | Fixtures |
| Freehold | to | and | Computer |
| property | property | fittings | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 April 2024 |
| Additions |
| At 31 March 2025 |
| DEPRECIATION |
| At 1 April 2024 |
| Charge for year |
| At 31 March 2025 |
| NET BOOK VALUE |
| At 31 March 2025 |
| At 31 March 2024 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade debtors |
| Amounts recoverable on contract |
| Other debtors |
| PINKNEY GRUNWELLS LAWYERS LLP (REGISTERED NUMBER: OC327528) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 March 2025 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Bank loans |
| Other creditors |
| 9. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 2025 | 2024 |
| £ | £ |
| Within one year |
| Between one and five years |
| In more than five years |
| 10. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2025 | 2024 |
| £ | £ |
| Bank loans |
| The bank loan is secured by a fixed charge over the freehold property. |
| 11. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
| Under the terms of the LLP agreement, loans and other debts due to members rank equally in relation to unsecured creditors. |
| 12. | ULTIMATE CONTROLLING PARTY |
| The LLP is controlled by its designated members who are shown earlier in this report. |