REGISTERED NUMBER: OC423017 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

East Devon Law LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

I Hunt

S A Carman

REGISTERED OFFICE:

Barton Chambers

The Old Dairy

Cadhay

Ottery St Mary

Devon

EX11 1QT

REGISTERED NUMBER:

OC423017 (England and Wales)

ACCOUNTANTS:

Blue Sky

Chartered Accountants

The Old Dairy

Cadhay

Ottery St Mary

Devon

EX11 1QT

FIXED ASSETS

Tangible assets

4

28,804

27,374

CURRENT ASSETS

Stocks

2,121

-

Debtors

5

31,084

11,398

Cash at bank and in hand

33,064

20,222

66,269

31,620

CREDITORS

Amounts falling due within one year

6

50,991

24,054

NET CURRENT ASSETS

15,278

7,566

TOTAL ASSETS LESS CURRENT LIABILITIES

44,082

34,940

CREDITORS

Amounts falling due after more than one year

7

6,634

18,853

NET ASSETS ATTRIBUTABLE TO MEMBERS

37,448

16,087

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

37,448

16,087

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

37,448

16,087

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 31 December 2025 and were signed by:

I Hunt - Designated member

1.	Statutory information

East Devon Law LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Plant and machinery etc

-

25% on reducing balance, 20% on reducing balance and 10% on cost

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 stocks to their present location and condition.

Financial instruments

(i) Financial assets

Basic financial assets, including trade and other debtors are initially recognised at the transaction price and therefore stated at amortisation cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the debtors are stated at cost less impairment losses for bad and doubtful debts.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors, bank loans and other loans are initially recognised at transaction price, unless the arrangement constitutes a financing transaction.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortisation cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

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 5 (2024 - 4 ) .

4.	Tangible fixed assets

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

Cost

At 1 April 2024

3,571

5,720

9,699

Additions

-

4,700

247

At 31 March 2025

3,571

10,420

9,946

Depreciation

At 1 April 2024

2,059

3,025

5,925

Charge for year

358

864

959

At 31 March 2025

2,417

3,889

6,884

Net book value

At 31 March 2025

1,154

6,531

3,062

At 31 March 2024

1,512

2,695

3,774

Motor

Computer

vehicles

equipment

Totals

£

£

£

Cost

At 1 April 2024

45,558

11,262

75,810

Additions

-

3,088

8,035

At 31 March 2025

45,558

14,350

83,845

Depreciation

At 1 April 2024

29,402

8,025

48,436

Charge for year

3,231

1,193

6,605

At 31 March 2025

32,633

9,218

55,041

Net book value

At 31 March 2025

12,925

5,132

28,804

At 31 March 2024

16,156

3,237

27,374

5.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

14,640

637

Other debtors

16,444

10,761

31,084

11,398

6.

Creditors: amounts falling due within one year

2025

2024

£

£

Bank loans and overdrafts

5,544

8,624

Hire purchase contracts

4,423

4,423

Taxation and social security

8,175

7,606

Other creditors

32,849

3,401

50,991

24,054

7.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Bank loans

-

7,796

Hire purchase contracts

6,634

11,057

6,634

18,853

8.

Loans and other debts due to members

Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.