REGISTERED NUMBER: OC385145 (England and Wales)

REPORT OF THE MEMBERS AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

FOR

LABRUMS SOLICITORS LLP

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DESIGNATED MEMBERS:

Mrs S Eschenburg

Mr M J Labrum

REGISTERED OFFICE:

New Barnes Mill

Cottonmill Lane

St Albans

Hertfordshire

AL1 2HA

REGISTERED NUMBER:

OC385145 (England and Wales)

ACCOUNTANTS:

Meades Group Limited

39 The Metro Centre

Tolpits Lane

Watford

Hertfordshire

WD18 9SB

The members present their report with the financial statements of the LLP for the year ended 31st March 2025.

DESIGNATED MEMBERS

The designated members during the year under review were:

Mrs S Eschenburg

Mr M J Labrum

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The loss for the year before members' remuneration and profit shares was £102,248 (2024 - £20,188 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:

Mr M J Labrum - Designated member

23rd December 2025

TURNOVER

1,207,610

1,443,436

Cost of sales

163,726

37,016

GROSS PROFIT

1,043,884

1,406,420

Administrative expenses

1,126,372

1,357,229

OPERATING (LOSS)/PROFIT

(82,488

)

49,191

Interest receivable and similar income

19,913

-

(62,575

)

49,191

Interest payable and similar expenses

39,673

29,003

(LOSS)/PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS

(102,248

)

20,188

FIXED ASSETS

Tangible assets

4

15,529

19,411

CURRENT ASSETS

Stocks

268,453

321,600

Debtors

5

333,157

364,419

Cash at bank

63,426

37,831

665,036

723,850

CREDITORS

Amounts falling due within one year

6

71,421

186,215

NET CURRENT ASSETS

593,615

537,635

TOTAL ASSETS LESS CURRENT LIABILITIES

609,144

557,046

CREDITORS

Amounts falling due after more than one year

7

472,529

365,068

NET ASSETS ATTRIBUTABLE TO MEMBERS

136,615

191,978

LOANS AND OTHER DEBTS DUE TO MEMBERS

136,615

191,978

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

136,615

191,978

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 in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 23rd December 2025 and were signed by:

Mr M J Labrum - Designated member

1.	STATUTORY INFORMATION

Labrums 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.

Tangible fixed assets

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

Office equipment

-

25 % Straight line

Stocks

Work in Progress (WIP) represents unbilled time and disbursements for services rendered but not yet invoiced, valued at the appropriate staff rates and accrued costs.

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.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 18 (2024 - 18 ) .

4.	TANGIBLE FIXED ASSETS

Office

equipment

£

COST

At 1st April 2024

and 31st March 2025

129,463

DEPRECIATION

At 1st April 2024

110,052

Charge for year

3,882

At 31st March 2025

113,934

NET BOOK VALUE

At 31st March 2025

15,529

At 31st March 2024

19,411

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

333,157

364,419

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

13,852

95,327

Trade creditors

5,584

18,367

Creditcards

10,851

11,125

VAT

41,134

53,204

Accrued expenses

-

8,192

71,421

186,215

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

9,935

9,474

Other creditors

462,594

355,594

472,529

365,068