REGISTERED NUMBER: SO301217 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

LAURIE & CO SOLICITORS LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DESIGNATED MEMBERS:

Miss L K Fyffe

Miss C A Stephen

Mrs S Mann

REGISTERED OFFICE:

17 Victoria Street

ABERDEEN

Aberdeenshire

AB10 1PU

REGISTERED NUMBER:

SO301217 (Scotland)

ACCOUNTANTS:

Bain Henry Reid

Chartered Accountants

4 West Craibstone Street

Bon-Accord Square

ABERDEEN

AB11 6YL

FIXED ASSETS

Intangible assets

5

27,000

27,000

Tangible assets

6

55,805

65,360

82,805

92,360

CURRENT ASSETS

Debtors

7

457,764

366,617

Cash at bank and in hand

72,839

154,266

530,603

520,883

CREDITORS

Amounts falling due within one year

8

451,644

271,720

NET CURRENT ASSETS

78,959

249,163

TOTAL ASSETS LESS CURRENT LIABILITIES

161,764

341,523

CREDITORS

Amounts falling due after more than one year

9

111,237

205,603

NET ASSETS ATTRIBUTABLE TO MEMBERS

50,527

135,920

LOANS AND OTHER DEBTS DUE TO MEMBERS

10

50,527

135,920

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

10

50,527

135,920

Amounts due from members

7

(29,403

)

-

21,124

135,920

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 Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 29 December 2025 and were signed by:

Miss L K Fyffe - Designated member

1.	STATUTORY INFORMATION

Laurie & Co Solicitors LLP is registered in Scotland. The LLP's registered number and registered office address can be found on the General Information page.

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 under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents the fair value of the amount receivable by the LLP for services provided, excluding value added tax.

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

Tangible assets are measured at cost less accumulated depreciation and any accumulated impairment loss. Depreciation is provided at the following annual rates in order to write down the cost less estimated residual value of all tangible fixed assets over their estimated useful life.

Improvements to property

-

10% on reducing balance

Office furniture

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on reducing balance

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.

Fee income and revenue recognition

Legal services provided to clients during the year which, at the balance sheet date, have not been invoiced to clients, have been recognised as fee income in accordance with UITF40. Fee income recognised in this manner is based on an assessment of fair value of the services provided by the balance sheet date as a proportion of the total value of the engagement. Provision is made against unbilled amounts on those engagements where the right to receive payments is contingent on factors outside the control of the firm. Income that has been recognised but not billed is included in debtors as amounts recoverable under contracts.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Creditors

Short term creditors are measured at undiscounted amount of cash or other consideration expected to be paid.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and demand deposits and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk to changes in value

4.	EMPLOYEE INFORMATION

The average number of employees during the year was 23 (2024 - 22 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

27,000

NET BOOK VALUE

At 31 March 2025

27,000

At 31 March 2024

27,000

6.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST OR VALUATION

At 1 April 2024

230,321

Additions

3,373

At 31 March 2025

233,694

DEPRECIATION

At 1 April 2024

164,961

Charge for year

12,928

At 31 March 2025

177,889

NET BOOK VALUE

At 31 March 2025

55,805

At 31 March 2024

65,360

Cost or valuation at 31 March 2025 is represented by:

Plant and

machinery

etc

£

Valuation in 2022

38,345

Cost

195,349

233,694

7.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

219,715

189,116

Amounts recoverable from clients in respect of unbilled work performed

150,000

100,000

Other debtors

76,714

41,961

446,429

331,077

2025

2024

£

£

Amounts falling due after more than one year:

Other debtors

11,335

35,540

Aggregate amounts

457,764

366,617

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

88,143

83,637

Other creditors

363,501

188,083

451,644

271,720

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

111,237

205,603

10.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members' (other then members' capital classified as debt) would rank equally with debts due to other unsecured creditors in the event of a winding up.

11.	OTHER FINANCIAL COMMITMENTS

The LLP had total commitments at the balance sheet date of £77,781 (2024: £23,940).

The following reproduces the text of the report prepared for the members in respect of the LLP's annual unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Members are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of Laurie & Co Solicitors LLP for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet, Reconciliation of Members' Interests and the related notes from the LLP's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the members of Laurie & Co Solicitors LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Laurie & Co Solicitors LLP and state those matters that we have agreed to state to the members of Laurie & Co Solicitors LLP, as a body, in this report in accordance with the requirements of ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that Laurie & Co Solicitors LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Laurie & Co Solicitors LLP. You consider that Laurie & Co Solicitors LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Laurie & Co Solicitors LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Bain Henry Reid

Chartered Accountants

4 West Craibstone Street

Bon-Accord Square

ABERDEEN

AB11 6YL

29 December 2025