Leeds Law Society(The)

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 00005017

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		4,063		3,732
Investment Properties	5		2,195,259		2,195,259

			2,199,322		2,198,991
CURRENT ASSETS
Debtors	6	22,134		25,841
Cash at bank and in hand		106,234		54,949

		128,368		80,790
Creditors: Amounts Falling Due Within One Year	7	(63,275 )		(38,841 )

NET CURRENT ASSETS (LIABILITIES)			65,093		41,949

TOTAL ASSETS LESS CURRENT LIABILITIES			2,264,415		2,240,940

PROVISIONS FOR LIABILITIES
Deferred Taxation			(772 )		(709 )

NET ASSETS			2,263,643		2,240,231

RESERVES
Revaluation reserve	8		1,748,780		1,748,780
Capital redemption reserve			5,692		5,692
Income and Expenditure Account			509,171		485,759

MEMBERS' FUNDS			2,263,643		2,240,231

Page 1

Page 2

Leeds Law Society(The)

Balance Sheet (continued)

As At 30 April 2025

For the year ending 30 April 2025 the company was entitled to exemption from audit 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.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.

On behalf of the board

Mr John Cowgill

Director

02/12/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Leeds Law Society(The) is a private company, limited by guarantee, incorporated in England & Wales, registered number 00005017 . The registered office is 62 Wellington Street, Leeds, LS1 2EE.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	20% Reducing Balance Method
Computer Equipment	20% Reducing Balance Method

3. Average Number of Employees

Average number of employees during the year was: 2 (2024: 2)

4. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 May 2024	23,629	800	24,429
Additions	-	1,178	1,178

As at 30 April 2025	23,629	1,978	25,607

Depreciation
As at 1 May 2024	20,271	426	20,697
Provided during the period	672	175	847

As at 30 April 2025	20,943	601	21,544

Net Book Value
As at 30 April 2025	2,686	1,377	4,063

As at 1 May 2024	3,358	374	3,732

5. Investment Property

	2025
	£
Fair Value
As at 1 May 2024 and 30 April 2025	2,195,259

Page 3

Page 4

Leeds Law Society(The)

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	18,096	13,839
Prepayments and accrued income	4,038	9,224
VAT	-	1,502
Other taxes and social security	-	1,276

	22,134	25,841

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	12,685	72
Corporation tax	-	7
Other taxes and social security	717	-
VAT	3,371	-
Other creditors	1,325	1,325
Pensions	389	362
Accruals and deferred income	44,788	37,075

	63,275	38,841

8. Reserves

	Revaluation Reserve
	£
As at 1 May 2024	1,748,780

As at 30 April 2025	1,748,780

9. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

Page 4