REGISTERED NUMBER: OC432001 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

CUMMINGS LAW LLP (FORMERLY CUMMINGS

PEPPERDINE LLP)

Page

General Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Cummings Pepperdine Ltd (formerly Pepperdine Hunt Ltd)

C Cummings

REGISTERED OFFICE:

7a Abbey Business Park

Monks Walk

Farnham

Surrey

GU9 8HT

REGISTERED NUMBER:

OC432001 (England and Wales)

FIXED ASSETS

Intangible assets

4

15,334

13,238

Tangible assets

5

-

5,832

15,334

19,070

CURRENT ASSETS

Debtors

90,939

64,909

Cash at bank

686

2,285

91,625

67,194

CREDITORS

Amounts falling due within one year

20,502

30,250

NET CURRENT ASSETS

71,123

36,944

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

86,457

56,014

LOANS AND OTHER DEBTS DUE TO MEMBERS

6

86,357

55,914

MEMBERS' OTHER INTERESTS

Capital accounts

100

100

86,457

56,014

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

6

86,357

55,914

Members' other interests

100

100

Amounts due from members

(87,439

)

(55,595

)

(982

)

419

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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

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:

C Cummings - Designated member

1.	STATUTORY INFORMATION

Cummings Law LLP (formerly Cummings Pepperdine 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents sales of legal advice services, excluding value added tax, performed during the year.

Turnover is recognised as the right to consideration arises and adjustments are made for accrued and deferred income.

Intangible assets

Bitcoin is classified as an intangible asset and included in fixed assets; this classification is based on the fact that Bitcoin is not utilized in the normal course of business operations. Bitcoin is assessed under the revaluation model with initial measurement at cost and subsequent measurement at fair value less any accumulated amortisation and impairment. Revaluations above cost are recognised in Other Comprehensive Income and below cost, as expenses to profit and loss.

Tangible fixed assets

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

Office equipment

-

25% reducing balance

Financial instruments

The company enters into basic financial instruments, which result in the recognition of financial assets and liabilities. Financial instruments are recognised at amortised cost. At the end of each reporting period financial instruments are assessed for evidence of impairment, and changes are recognised in profit or loss.

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 NIL (2024 - NIL).

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST OR VALUATION

At 1 April 2024

13,238

Revaluations

2,096

At 31 March 2025

15,334

NET BOOK VALUE

At 31 March 2025

15,334

At 31 March 2024

13,238

Cost or valuation at 31 March 2025 is represented by:

Totals

£

Valuation in 2021

3,993

Valuation in 2022

(1,636

)

Valuation in 2023

(3,170

)

Valuation in 2024

6,382

Valuation in 2025

2,096

Cost

7,669

15,334

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

13,304

Disposals

(13,304

)

At 31 March 2025

-

DEPRECIATION

At 1 April 2024

7,472

Charge for year

1,458

Eliminated on disposal

(8,930

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

5,832

6.

LOANS AND OTHER DEBTS DUE TO MEMBERS

In the absence of an agreement to the contrary, unsecured debt due to members will rank equally with debts due to other unsecured creditors in a winding up.