REGISTERED NUMBER: 02314890 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2025

for

Phillips Solicitors Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Miss H K Eachus

M G Hope

J W L Gardener

D J Robinson

REGISTERED OFFICE:

Town Gate

38 London Street

Basingstoke

Hampshire

RG21 7NY

REGISTERED NUMBER:

02314890 (England and Wales)

ACCOUNTANTS:

Lane Monnington Welton

Chartered Accountants

Riverside View

Basing Road

Old Basing

Basingstoke

Hampshire

RG24 7AL

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

189,775

153,791

189,775

153,791

CURRENT ASSETS

Debtors

6

2,212,870

1,591,614

Cash at bank and in hand

865,523

652,976

3,078,393

2,244,590

CREDITORS

Amounts falling due within one year

7

2,282,227

1,537,728

NET CURRENT ASSETS

796,166

706,862

TOTAL ASSETS LESS CURRENT LIABILITIES

985,941

860,653

PROVISIONS FOR LIABILITIES

10

44,616

34,835

NET ASSETS

941,325

825,818

CAPITAL AND RESERVES

Called up share capital

11

495

495

Retained earnings

940,830

825,323

SHAREHOLDERS' FUNDS

941,325

825,818

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 directors acknowledge their 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 Board of Directors and authorised for issue on 15 December 2025 and were signed on its behalf by:

J W L Gardener - Director

1.	STATUTORY INFORMATION

Phillips Solicitors Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company 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 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, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of three years.

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

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

Leasehold Improvements

-

over the remaining life of the lease

Fixtures, fittings & equipment

-

25% on cost

Financial instruments

Debtors and creditors payable/receivable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price, including transaction costs. Subsequently they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

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 that have originated but not reversed at the balance sheet date, adjusted for indexation where applicable.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 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.

Impairment

Assets not measured at fair value are reviewed for any indication that an asset may be impaired at each balance sheet date. The directors review the carrying amount of the relevant assets and compare them to their market values and recoverable amounts. Where the carrying amount exceeds this, an impairment loss is recognised in profit or loss, unless the asset is carried at a revalued amount, where the impairment loss is a revaluation decrease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 80 (2024 - 77 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2024

and 30 September 2025

1,850,000

AMORTISATION

At 1 October 2024

and 30 September 2025

1,850,000

NET BOOK VALUE

At 30 September 2025

-

At 30 September 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures,

Leasehold

fittings

Improvements

& equipment

Totals

£

£

£

COST

At 1 October 2024

176,884

452,799

629,683

Additions

-

122,369

122,369

Disposals

-

(29,950

)

(29,950

)

At 30 September 2025

176,884

545,218

722,102

DEPRECIATION

At 1 October 2024

131,215

344,677

475,892

Charge for year

11,072

57,218

68,290

Eliminated on disposal

-

(11,855

)

(11,855

)

At 30 September 2025

142,287

390,040

532,327

NET BOOK VALUE

At 30 September 2025

34,597

155,178

189,775

At 30 September 2024

45,669

108,122

153,791

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Trade debtors

1,359,980

1,075,671

Other debtors

852,890

515,943

2,212,870

1,591,614

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Bank loans and overdrafts

-

68,819

Trade creditors

276,066

155,694

Amounts owed to group undertakings

600,000

400,000

Taxation and social security

964,933

637,022

Other creditors

441,228

276,193

2,282,227

1,537,728

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

30.9.25

30.9.24

£

£

Within one year

119,178

124,276

Between one and five years

391,119

440,000

In more than five years

-

55,000

510,297

619,276

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.9.25

30.9.24

£

£

Bank loan

-

43,750

The bank loan is secured by a fixed and floating charge over the company's assets.

10.	PROVISIONS FOR LIABILITIES

30.9.25

30.9.24

£

£

Deferred tax

Accelerated capital allowances

44,616

34,835

Deferred

tax

£

Balance at 1 October 2024

34,835

Provided during year

9,781

Balance at 30 September 2025

44,616

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.25

30.9.24

value:

£

£

495

Ordinary

£1

495

495

12.	ULTIMATE CONTROLLING PARTY

Hampshire Montana Limited, a company registered in England and Wales, is the immediate and ultimate parent company.