REGISTERED NUMBER: 06374380 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2025

for

Spearpoint Franks Solicitors Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

3

Fixed assets

Intangible assets

4

-

-

Tangible fixed assets

5

21,070

27,733

21,070

27,733

Current assets

Debtors

6

680,000

361,909

Cash at bank and in hand

270,442

325,228

950,442

687,137

Creditors: amounts falling due within one year

7

309,084

131,474

Net current assets

641,358

555,663

Total assets less current liabilities

662,428

583,396

Creditors: amounts falling due after more than one year

8

19,894

30,265

Net assets

642,534

553,131

Capital and reserves

Called up share capital

9

500

500

Capital redemption reserve

500

500

Retained earnings

641,534

552,131

Shareholders' funds

642,534

553,131

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 January 2026 and were signed by:

M Franks - Director

1.	Statutory information

Spearpoint Franks Solicitors Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

06374380

Registered office:

97 Church Street

Brighton

East Sussex

BN1 1UJ

The presentation currency of the financial statements is in Pound Sterling (£) and rounding is to the nearest (£).

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 is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of VAT and discounts. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, has been amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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

Fixtures and fittings - 25% straight line

Computer equipment - 25% straight line

Motor vehicles - 20% reducing balance

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating lease 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 company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	Employees and directors

The average number of employees during the year was 7 (2024 - 7 ) .

4.	Intangible fixed assets

Goodwill

£

Cost

At 1 October 2024

and 30 September 2025

25,403

Amortisation

At 1 October 2024

and 30 September 2025

25,403

Net book value

At 30 September 2025

-

At 30 September 2024

-

5.	Tangible fixed assets

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

Cost

At 1 October 2024

6,598

40,980

11,635

59,213

Disposals

(856

)

-

(3,729

)

(4,585

)

At 30 September 2025

5,742

40,980

7,906

54,628

Depreciation

At 1 October 2024

6,180

16,064

9,236

31,480

Charge for year

315

4,983

1,365

6,663

Eliminated on disposal

(856

)

-

(3,729

)

(4,585

)

At 30 September 2025

5,639

21,047

6,872

33,558

Net book value

At 30 September 2025

103

19,933

1,034

21,070

At 30 September 2024

418

24,916

2,399

27,733

6.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

75,168

78,324

Other debtors

604,832

283,585

680,000

361,909

7.

Creditors: amounts falling due within one year

2025

2024

£

£

Bank loans and overdrafts

4,999

5,000

Finance leases

5,371

5,011

Trade creditors

1,242

1,570

Taxation and social security

53,632

114,050

Other creditors

243,840

5,843

309,084

131,474

8.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Bank loans

834

5,833

Finance leases

19,060

24,432

19,894

30,265

Creditors falling due includes liabilities of £24,432 (2024: £29,443) which are secured by the assets to which they relate.

9.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

500

Ordinary A

£1

500

500

10.	Off-balance sheet arrangements

At the year end, the company has operating lease commitments amounting to £2,932 (2024: £3,769).

11.	Director's advances, credits and guarantees

During the year, the company advanced the directors £31,155 (2024: £43,729) and they repaid £15,437 (2024: £22,543). At the year end, the directors owed the company £42,163 (2024: £26,445). The advances were interest-free, unsecured and repayable on demand.