REGISTERED NUMBER: OC351982 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

MKB Solicitors LLP

Page

General Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

DESIGNATED MEMBERS:

Mrs L Kissane

Mr S Dawson

Mr B T McFeely

REGISTERED OFFICE:

1-11 Huddersfield Road

Barnsley

South Yorkshire

S70 2LP

REGISTERED NUMBER:

OC351982 (England and Wales)

ACCOUNTANTS:

Harris & Co Limited

Chartered Accountants

Marland House

13 Huddersfield Road

Barnsley

South Yorkshire

S70 2LW

FIXED ASSETS

Intangible assets

5

219,322

219,322

Tangible assets

6

880,286

881,823

Investments

7

185,532

184,902

1,285,140

1,286,047

CURRENT ASSETS

Debtors

8

994,968

995,149

Cash at bank and in hand

192,816

203,392

1,187,784

1,198,541

CREDITORS

Amounts falling due within one year

9

(866,639

)

(822,880

)

NET CURRENT ASSETS

321,145

375,661

TOTAL ASSETS LESS CURRENT LIABILITIES

1,606,285

1,661,708

CREDITORS

Amounts falling due after more than one year

10

(749,663

)

(843,393

)

NET ASSETS ATTRIBUTABLE TO MEMBERS

856,622

818,315

LOANS AND OTHER DEBTS DUE TO MEMBERS

12

853,622

815,315

MEMBERS' OTHER INTERESTS

Capital accounts

3,000

3,000

856,622

818,315

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

12

853,622

815,315

Members' other interests

3,000

3,000

856,622

818,315

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 Profit and Loss has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 17 November 2025 and were signed by:

Mr S Dawson - Designated member

1.	STATUTORY INFORMATION

MKB 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 and functional currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on a going concern basis under the historical cost convention.

Turnover

Turnover represents amounts chargeable to clients for professional services provided during the year including expenses and disbursements on client assignments but excluding value added tax. In accordance with the principles of revenue recognition as stated in UITF 40 and application note G of FRS 5, Reporting the Substance of Transactions, income is recognised as the right to consideration obtained through the performance of contractual obligations.

Goodwill

Intangible fixed assets represent goodwill of the business as determined by a binding agreement between its members. No amortisation is provided on the basis that the members review the value of this asset each year for any impairment to ensure that it is stated at no more than its recoverable amount.

These financial statements are not prepared in accordance with FRSSE 2015. Goodwill, including internally generated goodwill, has been included in the balance sheet at an amount which is in accordance with a binding agreement between the members and reflects the commercial reality of the business. The members consider this treatment is necessary for the financial statements to show a true and fair view.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Hire purchase and leasing commitments

Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account on a straight line basis.

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.

4.	EMPLOYEE INFORMATION

The average number of employees during the year was 59 (2024 - 56 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

219,322

NET BOOK VALUE

At 31 March 2025

219,322

At 31 March 2024

219,322

6.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

874,500

74,677

26,258

975,435

DEPRECIATION

At 1 April 2024

-

70,316

23,296

93,612

Charge for year

-

1,093

444

1,537

At 31 March 2025

-

71,409

23,740

95,149

NET BOOK VALUE

At 31 March 2025

874,500

3,268

2,518

880,286

At 31 March 2024

874,500

4,361

2,962

881,823

7.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

184,902

Additions

630

At 31 March 2025

185,532

NET BOOK VALUE

At 31 March 2025

185,532

At 31 March 2024

184,902

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

242,122

251,045

Amounts recoverable on contracts

677,031

643,456

Prepayments and accrued income

75,815

100,648

994,968

995,149

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

160,019

208,062

Trade creditors

67,689

81,935

Social security and other taxes

32,237

29,291

VAT

180,398

127,837

Other creditors

40,020

39,439

Loan D A Wright

4,258

10,800

Loan G Staves

11,055

12,000

Loan A Glover

72,000

72,000

Accruals and deferred income

298,963

241,516

866,639

822,880

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

35,642

38,492

Bank loans - 2-5 years

532,262

565,854

Loan D A Wright

-

4,258

Loan G Staves

-

8,340

Loan A Glover

181,759

226,449

749,663

843,393

11.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdrafts

124,377

173,220

Bank loans

603,546

639,188

727,923

812,408

The bank overdraft is secured over the company's property known as 9 and 11 Huddersfield Road, Barnsley. In addition the bank holds a personal guarantee from members as follows: Mrs L Kissane £40,000, Mr S Dawson £40,000 and Mr B McFeely £40,000..

12.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2025

2024

£

£

Amounts owed to members in respect of profits

853,622

815,315

Falling due within one year

853,622

815,315

The loans and other debts due to members' (other than members' capital classified as debt) rank equal in relation to other creditors.