REGISTERED NUMBER: OC416498 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st March 2025

for

Lawrence & Co Solicitors LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

F J Daoud

Ms R Sanghera

REGISTERED OFFICE:

404 Harrow Road

London

W9 2HU

REGISTERED NUMBER:

OC416498 (England and Wales)

ACCOUNTANTS:

Sampson Fielding Ltd

34 - 35 Clarges Street

Mayfair

London

W1J 7EJ

FIXED ASSETS

Intangible assets

4

10,800

14,400

CURRENT ASSETS

Work in progress

82,000

199,000

Debtors

5

98,190

59,587

Cash at bank

40,247

25,428

220,437

284,015

CREDITORS

Amounts falling due within one year

6

157,897

200,782

NET CURRENT ASSETS

62,540

83,233

TOTAL ASSETS LESS CURRENT LIABILITIES

73,340

97,633

CREDITORS

Amounts falling due after more than one year

7

2,500

12,500

NET ASSETS ATTRIBUTABLE TO MEMBERS

70,840

85,133

LOANS AND OTHER DEBTS DUE TO MEMBERS

9

41,840

56,133

MEMBERS' OTHER INTERESTS

Capital accounts

29,000

29,000

70,840

85,133

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

41,840

56,133

Members' other interests

29,000

29,000

Amounts due from members

5

(32,882

)

(15,872

)

37,958

69,261

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 31st 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 16th September 2025 and were signed by:

Ms R Sanghera - Designated member

1.	STATUTORY INFORMATION

Lawrence & Co 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of five years.

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.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing work in progress to their present location and condition.

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 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2024

and 31st March 2025

18,000

AMORTISATION

At 1st April 2024

3,600

Amortisation for year

3,600

At 31st March 2025

7,200

NET BOOK VALUE

At 31st March 2025

10,800

At 31st March 2024

14,400

5.

DEBTORS

31/3/25

31/3/24

£

£

Amounts falling due within one year:

Other debtors

97,310

58,707

31/3/25

31/3/24

£

£

Amounts falling due after more than one year:

Other debtors

880

880

Aggregate amounts

98,190

59,587

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans and overdrafts (see note 8)

10,000

86,533

Taxation and social security

22,044

17,229

Other creditors

125,853

97,020

157,897

200,782

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans (see note 8)

2,500

12,500

8.

LOANS

In June 2020 the company obtained a Bounce Back loan for £50,000. The loan is repayable over 5 years, starting in July 2021. Interest is at a rate of 2.5%.

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members would rank equally with other unsecured creditors in the event of a winding up.