REGISTERED NUMBER: OC300127 (England and Wales)

Unaudited Financial Statements

for the Period 1 April 2024 to 5 April 2025

for

Paul Robinson Solicitors LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

S.P. Robinson

M Deans

REGISTERED OFFICE:

The Old Bank

470-474 London Road

Westcliff-On-Sea

Essex

SS0 9LD

REGISTERED NUMBER:

OC300127 (England and Wales)

ACCOUNTANTS:

Anser Solutions!

Chartered Accountants

Suite 1

19 Aviation Way

Southend Airport

Southend on Sea

Essex

SS2 6UN

FIXED ASSETS

Tangible assets

4

564,662

397,466

CURRENT ASSETS

Debtors

5

3,692,110

3,867,538

Cash at bank and in hand

848,918

439

4,541,028

3,867,977

CREDITORS

Amounts falling due within one year

6

2,802,116

2,939,214

NET CURRENT ASSETS

1,738,912

928,763

TOTAL ASSETS LESS CURRENT LIABILITIES

2,303,574

1,326,229

CREDITORS

Amounts falling due after more than one year

7

282,404

327,965

NET ASSETS ATTRIBUTABLE TO MEMBERS

2,021,170

998,264

LOANS AND OTHER DEBTS DUE TO MEMBERS

9

1,271,170

248,264

MEMBERS' OTHER INTERESTS

Capital accounts

750,000

750,000

2,021,170

998,264

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

1,271,170

248,264

Members' other interests

750,000

750,000

Amounts due from members

5

-

(118,060

)

2,021,170

880,204

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 period ended 5 April 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 26 November 2025 and were signed by:

S.P. Robinson - Designated member

1.	STATUTORY INFORMATION

Paul Robinson 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover

Turnover represents the value of professional services provided to clients under contractual obligations, excluding value added tax. Uncompleted contracts at the balance sheet date are brought into account with reference to the value of work performed and are described in the accounts as 'Accrued Income'.

Revenue in respect of conditional or contingent contracts is only recognised when entitlement to income arises.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to leasehold property - Over period of lease

Plant and machinery - 25% on reducing balance

Fixtures and fittings - 20% on reducing balance

Motor vehicles - 25% on reducing balance

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Taxation

Members are personally liable for taxation on their share of profits of the LLP. Consequently no reserve for taxation is made in the financial statements in respect of Members' tax liabilities, and the profits are shown within Members' interests or 'Loans and Other Debts due to Members' without any deduction for tax.

Provisions

Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

3.	EMPLOYEE INFORMATION

The average number of employees during the period was 150 (2024 - 150 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

1,453,264

Additions

352,372

Disposals

(199,050

)

At 5 April 2025

1,606,586

DEPRECIATION

At 1 April 2024

1,055,798

Charge for period

124,336

Eliminated on disposal

(138,210

)

At 5 April 2025

1,041,924

NET BOOK VALUE

At 5 April 2025

564,662

At 31 March 2024

397,466

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 April 2024

262,340

Additions

314,585

Disposals

(199,050

)

At 5 April 2025

377,875

DEPRECIATION

At 1 April 2024

151,962

Charge for period

61,046

Eliminated on disposal

(138,210

)

At 5 April 2025

74,798

NET BOOK VALUE

At 5 April 2025

303,077

At 31 March 2024

110,378

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.25

31.3.24

£

£

Trade debtors

716,851

1,041,974

Other debtors

2,975,259

2,825,564

3,692,110

3,867,538

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.25

31.3.24

£

£

Bank loans and overdrafts

193,333

827,103

Hire purchase contracts

53,185

24,065

Trade creditors

198,870

176,426

Taxation and social security

750,978

552,387

Other creditors

1,605,750

1,359,233

2,802,116

2,939,214

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

5.4.25

31.3.24

£

£

Bank loans

111,111

311,389

Hire purchase contracts

171,293

16,576

282,404

327,965

8.	SECURED DEBTS

The following secured debts are included within creditors:

5.4.25

31.3.24

£

£

Bank overdraft

-

505,586

Bank loans

304,444

632,906

Hire purchase contracts

224,478

40,641

528,922

1,179,133

The Barclays bank loans and overdraft are secured by an updated debenture registered on 22nd July 2022 in favour of Barclays Bank PLC. In addition S P Robinson, M S Deans and F Colwell have provided personal guarantees limited to £400,000 to Barclays Bank Plc. In addition C Wall and A McClintock have provided personal guarantees of £50,000 each.

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

The capital (whether classified as a liability or equity) of the LLP may be reduced by agreement of the members either by repayment or by the conversion of equity capital into liability capital or other debt. In the absence of agreement to the contrary, unsecured debt due to members will rank equally with debts due to other unsecured creditors in a winding up.

10.	OTHER FINANCIAL COMMITMENTS

At 5th April 2025, the LLP had total commitments under non cancellable operating leases over the remaining life of those leases of £67,019 (2024:£21,522)).

11.	RELATED PARTY DISCLOSURES

Office premises and storage

The LLP occupies properties owned by Members and their families. During the year the LLP paid rent of

£260,299 (2024: £260,299) to Members and their families.

12.	ULTIMATE CONTROLLING PARTY

During the year Mr S P Robinson was the ultimate controlling party of the LLP.