Limited Liability Partnership registration number OC362841 (England and Wales)
ROOKS RIDER SOLICITORS LLP
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
ROOKS RIDER SOLICITORS LLP
CONTENTS
Page
Balance sheet
1 - 2
Reconciliation of members' interests
3 - 4
Notes to the financial statements
5 - 11
ROOKS RIDER SOLICITORS LLP
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
5
3,061
2,238
Current assets
Debtors
6
2,111,263
2,026,228
Cash at bank and in hand
48,082
38,597
2,159,345
2,064,825
Creditors: amounts falling due within one year
7
(761,067)
(629,806)
Net current assets
1,398,278
1,435,019
Total assets less current liabilities
1,401,339
1,437,257
Creditors: amounts falling due after more than one year
8
(1,124,889)
(1,161,012)
Net assets attributable to members
276,450
276,245
Represented by:
Loans and other debts due to members within one year
Amounts due in respect of profits
61,350
46,145
Members' other interests
Members' capital classified as equity
215,100
230,100
276,450
276,245
Total members' interests
Amounts due from members
(934,171)
(888,799)
Loans and other debts due to members
61,350
46,145
Members' other interests
215,100
230,100
(657,721)
(612,554)

T he members of the limited liability partnership have elected not to include a copy of the profit and loss account within the financial statements.

For the financial year ended 31 March 2025 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008) relating to small limited liability partnerships.

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to limited liability partnerships) with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to limited liability partnerships subject to the small limited liability partnerships regime.

ROOKS RIDER SOLICITORS LLP
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -
The financial statements were approved by the members and authorised for issue on 30 January 2026 and are signed on their behalf by:
30 January 2026
Mr R H N Jenkins
Mr A D Shalet
Designated member
Designated Member
Limited Liability Partnership registration number OC362841 (England and Wales)
ROOKS RIDER SOLICITORS LLP
RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
Current financial year
EQUITY
DEBT
TOTAL
Members' other interests
Loans and other debts due to members less any amounts due from members in debtors
MEMBERS'
INTERESTS
Members' capital
Other amounts
Total
Total
2025
£
£
£
£
Amounts due to members
46,145
Amounts due from members
(888,799)
Members' interests at 1 April 2024
230,100
(842,654)
(842,654)
(612,554)
Members' remuneration charged as an expense, including employment costs and retirement benefit costs
-
707,172
707,172
707,172
Result for the financial year available for discretionary division among members
-
-
-
-
Members' interests after results and remuneration for the year
230,100
(135,482)
(135,482)
94,618
Drawings on account and distributions of profit
-
(625,339)
(625,339)
(625,339)
Taxation
-
(112,000)
(112,000)
(112,000)
Other movements
(15,000)
-
-
(15,000)
Members' interests at 31 March 2025
215,100
(872,821)
(872,821)
(657,721)
Amounts due to members
61,350
Amounts due from members, included in debtors
(934,171)
(872,821)
ROOKS RIDER SOLICITORS LLP
RECONCILIATION OF MEMBERS' INTERESTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
Prior financial year
EQUITY
DEBT
TOTAL
Members' other interests
Loans and other debts due to members less any amounts due from members in debtors
MEMBERS'
INTERESTS
Members' capital
Other amounts
Total
Total
2024
£
£
£
£
Amounts due to members
266,986
Amounts due from members
(1,227,584)
Members' interests at 1 April 2023
230,100
(960,598)
(960,598)
(730,498)
Members' remuneration charged as an expense, including employment costs and retirement benefit costs
-
655,774
655,774
655,774
Result for the financial year available for discretionary division among members
-
-
-
-
Members' interests after results and remuneration for the year
230,100
(304,824)
(304,824)
(74,724)
Drawings on account and distributions of profit
-
(537,830)
(537,830)
(537,830)
Members' interests at 31 March 2024
230,100
(842,654)
(842,654)
(612,554)
Amounts due to members
46,145
Amounts due from members, included in debtors
(888,799)
(842,654)
ROOKS RIDER SOLICITORS LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
1
Accounting policies
Limited liability partnership information

Rooks Rider Solicitors LLP is a limited liability partnership incorporated in England and Wales. The registered office is Dowgate Hill House, 14-16 Dowgate Hill, London, EC4R 2SU.

The limited liability partnership's principal activities are disclosed in the Members' Report.

1.1
Accounting convention

These financial statements have been prepared in accordance with the Statement of Recommended Practice "Accounting by Limited Liability Partnerships" issued in December 2021, together with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the limited liability partnership. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Under Companies Act 2006, s454 it is applicable to LLPs, on a voluntary basis, the designated members can amend these financial statements if they subsequently prove to be defective.

1.2
Going concern

The LLP meets its day to day working capital requirements through its bank account facilities.

The nature of the LLP's business is such that there can be considerable unpredictable variation in the timing of cash inflows. On the basis of discussions with the LLP's bankers, the members consider that the limited liability partnership will continue to operate within the facility currently agreed.

However, the margin of facilities over requirements is not large and, inherently there can be no certainty in relation to these matters. On this basis, the members consider it appropriate to prepare the financial statements on the going concern principle. The financial statements do not include any adjustments that would result from the breaching of those facilities.

Based on current and projected trading information for a period in excess of 12 months from the date of approval of these financial statements, the members expect that the LLP will have sufficient cash resources available to continue to trade for the foreseeable future.

1.3
Turnover

Turnover represents the amounts receivable for the provision of legal services and is net of VAT and discounts.

Where the outcome of a contract can be estimated reliably, revenue and costs are recognised by reference to the stage of completion of the contract activity at the reporting end date. Variations in contractual obligations are included to the extent that the amount can be measured reliably and its receipt is considered probable.

Where the outcome of the contract cannot be estimated reliably, contract costs are recognised as expenses in the period in which they are incurred and contract revenue is recognised to the extent of contract costs incurred where it is probable that they will be recoverable.

ROOKS RIDER SOLICITORS LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 6 -
1.4
Members' participating interests

Members' participation rights are the rights of a member against the LLP that arise under the m embers' agreement (for example, in respect of amounts subscribed or otherwise contributed remuneration and profits).

Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with section 22 of FRS 102. A member's participation rights including amounts subscribed or otherwise contributed by members, for example members' capital, are classed as liabilities unless the LLP has an unconditional right to refuse payment to members, in which case they are classified as equity.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
33% Straight line
Computer equipment
33% Straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.

1.6
Impairment of fixed assets

At each reporting period end date, the limited liability partnership reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the limited liability partnership estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

1.7
Cash and cash equivalents

Cash at bank and in hand are basic financial assets and include cash in hand and deposits held at call with banks.

ROOKS RIDER SOLICITORS LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 7 -
1.8
Financial instruments

The limited liability partnership has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the limited liability partnership's statement of financial position when the limited liability partnership becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in or .

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the limited liability partnership transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the limited liability partnership after deducting all of its liabilities.

ROOKS RIDER SOLICITORS LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 8 -
Basic financial liabilities

Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the limited liability partnership’s obligations expire or are discharged or cancelled.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

1.10
Retirement benefits and post retirement payments to members

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.11
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease d asset are consumed.

1.12

Long term contracts

Amounts recoverable on long term contracts, which are included in debtors, are stated at the net sales value of the work done after provision for contingencies and anticipated future losses on contracts, less amounts received as progress payments on account. Excess progress payments are included in creditors as payment on account.

2
Turnover

An analysis of the limited liability partnership's turnover is as follows:

2025
2024
£
£
Turnover analysed by class of business
Income from rendering of legal services
2,306,969
2,110,618
2025
2024
£
£
Other significant revenue
Interest income
187,170
137,553
ROOKS RIDER SOLICITORS LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 9 -
3
Employees

The average number of persons (including members) employed by the partnership during the year was:

2025
2024
Number
Number
Total
15
15
4
Members' remuneration
2025
2024
Number
Number
The average number of members during the year was
4
4
2025
2024
£
£
Remuneration to members charged as an expense
707,172
655,774

The remuneration above is paid to the members under a profit sharing agreement, and r emuneration representing a division of profit is included in the allocation of profit figures in the Reconciliation of members' interests statement.

5
Tangible fixed assets
Fixtures, fittings & equipment
Computer equipment
Total
£
£
£
Cost
At 1 April 2024
9,240
150,961
160,201
Additions
-
2,773
2,773
At 31 March 2025
9,240
153,734
162,974
Depreciation and impairment
At 1 April 2024
8,983
148,980
157,963
Depreciation charged in the year
257
1,693
1,950
At 31 March 2025
9,240
150,673
159,913
Carrying amount
At 31 March 2025
-
3,061
3,061
At 31 March 2024
257
1,981
2,238
ROOKS RIDER SOLICITORS LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 10 -
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
860,850
758,989
Gross amounts owed by contract customers
212,058
212,058
Amounts owed by members
934,171
888,799
Other debtors
18,035
35
Prepayments and accrued income
86,149
166,347
2,111,263
2,026,228
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
34,375
40,363
Trade creditors
156,514
221,931
Taxation and social security
187,037
73,371
Other creditors
383,141
294,141
761,067
629,806
8
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Bank loans
9
-
31,512
Other borrowings
9
1,124,889
1,129,500
1,124,889
1,161,012
9
Loans and overdrafts
2025
2024
£
£
Bank loans
34,375
71,875
Other loans
1,471,034
1,362,524
1,505,409
1,434,399
Payable within one year
380,520
273,387
Payable after one year
1,124,889
1,161,012
ROOKS RIDER SOLICITORS LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
9
Loans and overdrafts
(Continued)
- 11 -

On 26 February 2021 the company received a government Coronavirus Business Interruption Scheme (CBILS) loan of £150,000, included in bank loans. The government provides a guarantee for 80% of the loan and also provide s business interruption payments whereby interest payments and any fees levied by the Lender are covered for the first year.

The loan is fully repayable after 60 months, by monthly instalments of £3,992 commencing 13 months after the drawdown date.

Other loans include an amount of £1,100,000 (202 4: £1,100,000), due to a designated member, that is fully secured against all the assets of the LLP.

10
Loans and other debts due from members
2025
2024
£
£
Amounts due from members in respect of profits
934,171
888,799

In the event of a winding up the amounts included in "Loans and other debts due to members" will rank equally with unsecured creditors.

11
Operating lease commitments
Lessee

At the reporting end date the limited liability partnership had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Due within one year
182,625
30,423
Between two and five years
332,331
-
514,956
30,423
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