REGISTERED NUMBER: OC360274 (England and Wales)

Wildings Solicitors LLP

Report of the Members and

Unaudited Financial Statements

for the Year Ended 31 March 2025

Page

General Information

1

Report of the Members

2

Profit and Loss Account

4

Balance Sheet

5

Notes to the Financial Statements

7

DESIGNATED MEMBERS:

G Hussain

N A Khan

Miss N Afzal

REGISTERED OFFICE:

862 - 864 Washwood Heath Rd

Ward End

Birmingham

B8 2NG

REGISTERED NUMBER:

OC360274 (England and Wales)

ACCOUNTANTS:

UHY Hacker Young (Bham) LLP

9-11 Vittoria Street

Birmingham

B1 3ND

The members present their report with the financial statements of the LLP for the year ended 31 March 2025.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the period under review was that of a firm of solicitors.

DESIGNATED MEMBERS

The designated members during the year under review were:

G Hussain

N A Khan

Miss N Afzal

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £398,347 (2024 - £22,168 profit).

MEMBERS' INTERESTS

STATEMENT OF MEMBERS' RESPONSIBILITIES

The members are responsible for preparing the Report of the Members and the financial statements in accordance with applicable law and regulations.

Legislation applicable to limited liability partnerships requires the members to prepare financial statements for each financial year. Under that law the members have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under legislation applicable to limited liability partnerships the members must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the LLP and of the profit or loss of the LLP for that period. In preparing these financial statements, the members are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the LLP will continue in business.

The members are responsible for keeping adequate accounting records that are sufficient to show and explain the LLP's transactions and disclose with reasonable accuracy at any time the financial position of the LLP and enable them to ensure that the financial statements comply with the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008. They are also responsible for safeguarding the assets of the LLP and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

ON BEHALF OF THE MEMBERS:

G Hussain - Designated member

1 December 2025

TURNOVER

1,430,532

369,597

Cost of sales

584,212

158,607

GROSS PROFIT

846,320

210,990

Administrative expenses

475,353

200,152

OPERATING PROFIT

4

370,967

10,838

Interest receivable and similar income

30,791

14,256

401,758

25,094

Interest payable and similar expenses

3,411

2,926

PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS

398,347

22,168

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

398,347

22,168

FIXED ASSETS

Intangible assets

5

-

-

Tangible assets

6

131,253

21,787

131,253

21,787

CURRENT ASSETS

Stocks

39,750

38,716

Debtors

7

10,334

13,875

Cash at bank and in hand

1,772,364

2,254,761

1,822,448

2,307,352

CREDITORS

Amounts falling due within one year

8

1,720,330

2,269,994

NET CURRENT ASSETS

102,118

37,358

TOTAL ASSETS LESS CURRENT LIABILITIES

233,371

59,145

CREDITORS

Amounts falling due after more than one year

9

16,243

38,504

NET ASSETS ATTRIBUTABLE TO MEMBERS

217,128

20,641

LOANS AND OTHER DEBTS DUE TO MEMBERS

10

217,128

20,641

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

10

217,128

20,641

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 in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 1 December 2025 and were signed by:

G Hussain - Designated member

1.	STATUTORY INFORMATION

Wildings Solicitors 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.

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 2015, is being amortised evenly over its estimated useful life of five 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.

Fixtures and fittings

-

15% on reducing balance

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.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 12 (2024 - 10 ) .

4.	OPERATING PROFIT

The operating profit is stated after charging:

Period

1.11.23

Year Ended

to

31.3.25

31.3.24

£

£

Depreciation - owned assets

6,908

2,812

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

78,000

AMORTISATION

At 1 April 2024

and 31 March 2025

78,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

6.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

62,533

-

61,637

124,170

Additions

4,830

107,650

3,894

116,374

At 31 March 2025

67,363

107,650

65,531

240,544

DEPRECIATION

At 1 April 2024

56,725

-

45,658

102,383

Charge for year

914

-

5,994

6,908

At 31 March 2025

57,639

-

51,652

109,291

NET BOOK VALUE

At 31 March 2025

9,724

107,650

13,879

131,253

At 31 March 2024

5,808

-

15,979

21,787

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

3,825

8,319

Prepayments

6,509

5,556

10,334

13,875

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

21,478

20,694

Trade creditors & accruals

12,318

17,231

Social security and other taxes

9,846

7,749

VAT

50,352

22,849

Other creditors

1,079

827

Amounts owed to clients

1,625,257

2,200,644

1,720,330

2,269,994

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

16,243

38,504

10.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2025

2024

£

£

Amounts owed to members in respect of profits

217,128

20,641

Falling due within one year

217,128

20,641

Loan balances are paid to members after all other liabilities of the company have been settled.