The Building Law Practice Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC501614 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

The Building Law Practice Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A Wallace

REGISTERED OFFICE:

272 Bath Street

Glasgow

G2 4JR

REGISTERED NUMBER:

SC501614 (Scotland)

ACCOUNTANTS:

Armstrongs Accounting Services Limited

7 Dunvegan Drive

Newton Mearns

Glasgow

G77 5EB

FIXED ASSETS

Tangible assets

4

35,730

44,207

CURRENT ASSETS

Stocks

35,500

108,635

Debtors

5

211,787

130,304

Prepayments and accrued income

-

425

Cash at bank

1,151,368

709,599

1,398,655

948,963

CREDITORS

Amounts falling due within one year

6

1,395,443

952,108

NET CURRENT ASSETS/(LIABILITIES)

3,212

(3,145

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

38,942

41,062

PROVISIONS FOR LIABILITIES

8,932

11,052

NET ASSETS

30,010

CAPITAL AND RESERVES

Called up share capital

10

Retained earnings

30,000

SHAREHOLDERS' FUNDS

30,010

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company 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 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 December 2025 and were signed by:

A Wallace - Director

1.	STATUTORY INFORMATION

The Building Law Practice Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the net invoiced value, excluding value added tax, of professional services provided. Where services have been provided which are only only partially completed at the balance sheet date turnover represents the value of service provided to date based on a proportion of the total value.

Tangible fixed assets

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

Work in progress

Work in progress is stated at the lower of cost or net realisable value.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 April 2024

7,885

71,144

79,029

Additions

-

2,652

At 31 March 2025

7,885

73,796

81,681

DEPRECIATION

At 1 April 2024

788

34,034

34,822

Charge for year

787

10,342

11,129

At 31 March 2025

1,575

44,376

45,951

NET BOOK VALUE

At 31 March 2025

6,310

29,420

35,730

At 31 March 2024

7,097

37,110

44,207

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

211,787

130,304

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Amounts owed to group undertakings

1,074,319

678,930

Taxation and social security

170,688

105,925

Other creditors

150,436

167,253

1,395,443

952,108

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The Director has made advances to the company which are interest free and have no fixed repayment date. The amount outstanding at 31 March 2024 was £6,244 (2024 £4,091).

8.	RELATED PARTY DISCLOSURES

Included in creditors is an amount owed to the group holding company totalling £1,074,319 (2024 £678,930). No interest is paid and there is no formal repayment date.

9.	ULTIMATE CONTROLLING PARTY

The company's entire issued share capital is owned by The Building Law Practice Holdings Limited.