REGISTERED NUMBER: OC399298 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2025

for

BDM Law LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Nick Burgess Limited

David McInnes Limited

REGISTERED OFFICE:

70 Gracechurch Street

London

EC3V 0HR

REGISTERED NUMBER:

OC399298 (England and Wales)

ACCOUNTANTS:

Franklins

18 St Christopher's Way

Pride Park

Derby

Derbyshire

DE24 8JY

FIXED ASSETS

Tangible assets

4

12,566

23,861

CURRENT ASSETS

Work in progress

516,958

362,589

Debtors

5

472,205

606,204

Cash at bank

649,920

602,832

1,639,083

1,571,625

CREDITORS

Amounts falling due within one year

6

496,797

426,280

NET CURRENT ASSETS

1,142,286

1,145,345

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

1,154,852

1,169,206

LOANS AND OTHER DEBTS DUE TO MEMBERS

7

1,029,852

1,044,206

MEMBERS' OTHER INTERESTS

Capital accounts

125,000

125,000

1,154,852

1,169,206

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

1,029,852

1,044,206

Members' other interests

125,000

125,000

1,154,852

1,169,206

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 30 April 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.

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 Statement of Comprehensive Income has not been delivered.

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

Nick Burgess Limited - Designated member

1.	STATUTORY INFORMATION

BDM Law 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.

Tangible fixed assets

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

Improvements to property

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on cost

Work in progress

Uninvoiced sales are valued in accordance with FRS102. Hence all unbilled/incomplete time has been valued at fair value and reflects the time spent and the skills and expertise that have been provided.

Pension costs and other post-retirement benefits

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

Taxation

Taxation on all of the LLP's profits are solely the personal liabilities of individual members. Consequently,

neither taxation nor related deferred taxation arising in the LLP are accounted for in these financial statements. Amounts retained for tax are treated in the same way as other profits of the LLP and so are included in members' other interest or in loans and other debts due to member's depending on whether or not division of profits has occurred.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 7 (2024 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1 May 2024

24,296

34,514

60,077

118,887

Additions

-

-

2,788

2,788

Disposals

(24,296

)

(4,348

)

(38,626

)

(67,270

)

At 30 April 2025

-

30,166

24,239

54,405

DEPRECIATION

At 1 May 2024

18,532

26,380

50,114

95,026

Charge for year

-

1,768

3,524

5,292

Eliminated on disposal

(18,532

)

(3,287

)

(36,660

)

(58,479

)

At 30 April 2025

-

24,861

16,978

41,839

NET BOOK VALUE

At 30 April 2025

-

5,305

7,261

12,566

At 30 April 2024

5,764

8,134

9,963

23,861

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

328,284

460,040

Other debtors

14,300

81

VAT

17,392

9,150

Prepayments and accrued income

112,229

136,933

472,205

606,204

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

2,903

-

Other creditors

344,010

312,173

Accruals and deferred income

149,884

114,107

496,797

426,280

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2025

2024

£

£

Amounts owed to members in respect of profits

1,029,852

1,044,206

Falling due within one year

1,029,852

1,044,206

Loans and other debts due to members rank pari passu with unsecured creditors and may be set off against amounts due from members included in debtors. Members' other interest rank pari passu with unsecured creditors.

8.	RELATED PARTY DISCLOSURES

The balance outstanding on interest free loans provided from companies with common directors / members and under common control, amounted to £342,580 Cr. (2024: £310,251 Cr.).