LATIMER LEGAL SOLICITORS LIMITED

Company Registration Number:
05776773 (England and Wales)

Unaudited abridged accounts for the year ended 28 February 2025

Period of accounts

Start date: 01 March 2024

End date: 28 February 2025

LATIMER LEGAL SOLICITORS LIMITED

Contents of the Financial Statements

for the Period Ended 28 February 2025

Balance sheet
Notes

LATIMER LEGAL SOLICITORS LIMITED

Balance sheet

As at 28 February 2025


Notes
2025
2024


£
£
Fixed assets
Tangible assets: 3 11,363 14,290
Total fixed assets: 11,363 14,290
Current assets
Debtors: 4 1,574,302 1,647,672
Cash at bank and in hand: 50 109
Total current assets: 1,574,352 1,647,781
Creditors: amounts falling due within one year: 5 (1,238,381) (1,436,761)
Net current assets (liabilities): 335,971 211,020
Total assets less current liabilities: 347,334 225,310
Creditors: amounts falling due after more than one year: 6 (3,606) (12,722)
Provision for liabilities: (268,166) (153,166)
Total net assets (liabilities): 75,562 59,422
Capital and reserves
Called up share capital: 3 3
Profit and loss account: 75,559 59,419
Shareholders funds: 75,562 59,422

The notes form part of these financial statements

LATIMER LEGAL SOLICITORS LIMITED

Balance sheet statements

For the year ending 28 February 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 31 December 2025
and signed on behalf of the board by:

Name: J F Latimer
Status: Director

The notes form part of these financial statements

LATIMER LEGAL SOLICITORS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2025

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents revenue earned under contracts to provide professional services. Revenue is recognized as earned when, and to the extent that the firm obtains the right to consideration in exchange for its performance under these contracts, it is measured at the fair value of the right to consideration, which represents amounts chargeable to clients, including expenses and disbursements but excluding value added tax. Revenue is generally recognized as the contract activity progresses so that for incomplete contracts it reflects the partial performance of the contractual obligations. For such contracts the amount of revenue reflects the accrual of the right to consideration by reference to the value of the work performed. Revenue not billed to clients is included in amounts recoverable on contracts. Fee income that is contingent on events outside the control of the firm is recognized when the contingent event occurs.

Tangible fixed assets and depreciation policy

Tangible assets are initially measured at cost and are subsequently measured at cost less any accumulated depreciation. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows. Fixtures and Fittings 15 percent reducing balance; Office and computer equipment 25 percent straight line

LATIMER LEGAL SOLICITORS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2025

2. Employees

2025 2024
Average number of employees during the period 33 33

LATIMER LEGAL SOLICITORS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2025

3. Tangible Assets

Total
Cost £
At 01 March 2024 42,999
At 28 February 2025 42,999
Depreciation
At 01 March 2024 28,709
Charge for year 2,927
At 28 February 2025 31,636
Net book value
At 28 February 2025 11,363
At 29 February 2024 14,290

LATIMER LEGAL SOLICITORS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2025

4. Debtors

2025 2024
££
Debtors due after more than one year: 0 0

LATIMER LEGAL SOLICITORS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2025

5. Creditors: amounts falling due within one year note

The bank overdraft and loan of £137,364 (£181,019) are secured by fixed and floating charges over the assets of the company, along with guarantees from directors.

LATIMER LEGAL SOLICITORS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2025

6. Creditors: amounts falling due after more than one year note

Amounts owed in respect of bank loans and overdrafts due in more that one year amount to £3,606 (2024 - £12,722).

LATIMER LEGAL SOLICITORS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2025

7. Loans to directors

The balance due to the directors amounted to £Nil as at 28 February 2025 (2024: £47,525).

LATIMER LEGAL SOLICITORS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2025

8. Related party transactions

The company is controlled by its directors, Mr. S Latimer, Mrs. P Latimer and Ms. J Latimer, who own 100% of the issued ordinary share capital of the company. The bank overdrafts are secured by fixed and floating charges over the assets of the company, along with guarantees from directors.