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REGISTERED NUMBER: 10200601 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

FOR

SMR SOLICITORS LIMITED

| SMR SOLICITORS LIMITED (REGISTERED NUMBER: 10200601) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| SMR SOLICITORS LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 JULY 2025

| DIRECTORS: | S Evans

| M J W Field

| J Luker

| G R Moore

| G Woods

| C D Barnes

| REGISTERED OFFICE: | 50 Westgate

| Chichester

| West Sussex

| PO19 3HE

| REGISTERED NUMBER: | 10200601 (England and Wales)

| ACCOUNTANTS: | Lewis Brownlee (Chichester) Limited

| Chartered Accountants

| Appledram Barns

| Birdham Road

| Chichester

| West Sussex

| PO20 7EQ

| SMR SOLICITORS LIMITED (REGISTERED NUMBER: 10200601) |

BALANCE SHEET

31 JULY 2025

2025 | 2024 |

| Notes | £ | £ | £ | £

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Tangible assets | 5 | 103,078 |  | 57,297 |  |

103,078 |  | 57,297 |  |

CURRENT ASSETS

Debtors | 6 | 845,245 |  | 713,691 |  |

Cash at bank and in hand | 2,446,035 |  | 1,535,154 |  |

3,291,280 |  | 2,248,845 |  |

CREDITORS

Amounts falling due within one year | 7 | 787,415 |  | 538,311 |  |

NET CURRENT ASSETS | 2,503,865 |  | 1,710,534 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,606,943 |  | 1,767,831 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (33,702 | ) | - |  |

PROVISIONS FOR LIABILITIES | (12,058 | ) | (13,893 | ) |

NET ASSETS | 2,561,183 |  | 1,753,938 |  |

CAPITAL AND RESERVES

Called up share capital | 2,000 |  | 2,000 |  |

Retained earnings | 2,559,183 |  | 1,751,938 |  |

2,561,183 |  | 1,753,938 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

| SMR SOLICITORS LIMITED (REGISTERED NUMBER: 10200601) |

BALANCE SHEET - continued

31 JULY 2025

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 20 February 2026 and were signed on its behalf by:

G R Moore - Director

| SMR SOLICITORS LIMITED (REGISTERED NUMBER: 10200601) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

1. | STATUTORY INFORMATION

| SMR 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.

| The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

| Judgements and key sources of estimation uncertainty

| In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

| The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised. Adjustments to accounting estimates following a regular review are not applied retrospectively.

| Revenue

| Revenue is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account any discounts.

| When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

| Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete, can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

| 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.

| Goodwill recognised in the financial statements has been fully amortised.

| SMR SOLICITORS LIMITED (REGISTERED NUMBER: 10200601) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

2. | ACCOUNTING POLICIES - continued

| Tangible fixed assets

| Tangible fixed assets are initially recognised at cost and subsequently measured at cost less accumulated depreciation and impairment. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives. Depreciation is charged on the following bases:

| Leasehold land and buildings |  | - |  | Straight line over lease term |  |

| Fixtures and fittings |  | - |  | 15% straight line |  |

| Computer equipment |  | - |  | 20% reducing balance |  |

| Motor vehicles |  | - |  | Straight line over finance lease term |  |

| 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 credited or charged to profit or loss.

| Motor vehicles held under finance lease agreements are initially recognised as a right to use asset based on the present value of the minimum future lease payments. The assets are depreciated on a straight line basis over the lease term.

| Impairment

| At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible 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 company 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.

| Financial instruments

| Financial instruments are classified by the director as basis or advanced following the conditions in FRS 102 section 1A. Basic financial instruments are recognised at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost. The company has no advanced financial instruments.

| 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.

| SMR SOLICITORS LIMITED (REGISTERED NUMBER: 10200601) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

2. | ACCOUNTING POLICIES - continued

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| 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.

| Lease agreements

| Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight-line basis, except where another systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed.

| Employee benefits

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

| The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

| Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

| 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.

| Equity instruments

| Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

| Cash and cash equivalents

| Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 33 (2024 - 31 ) .

| SMR SOLICITORS LIMITED (REGISTERED NUMBER: 10200601) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

4. | INTANGIBLE FIXED ASSETS

Goodwill |

| £

| COST

| At 1 August 2024

| and 31 July 2025 | 300,000 |  |

| AMORTISATION

| At 1 August 2024

| and 31 July 2025 | 300,000 |  |

| NET BOOK VALUE

| At 31 July 2025 | - |  |

| At 31 July 2024 | - |  |

5. | TANGIBLE FIXED ASSETS

Fixtures |  |

Long | and | Motor | Computer |  |

leasehold | fittings | vehicles | equipment | Totals |

| £ | £ | £ | £ | £

| COST

| At 1 August 2024 | 23,925 |  | 39,726 |  | - |  | 103,710 |  | 167,361 |  |

| Additions | - |  | 6,623 |  | 60,965 |  | 23,610 |  | 91,198 |  |

| At 31 July 2025 | 23,925 |  | 46,349 |  | 60,965 |  | 127,320 |  | 258,559 |  |

| DEPRECIATION

| At 1 August 2024 | 23,925 |  | 30,433 |  | - |  | 55,706 |  | 110,064 |  |

| Charge for year | - |  | 4,544 |  | 7,960 |  | 32,913 |  | 45,417 |  |

| At 31 July 2025 | 23,925 |  | 34,977 |  | 7,960 |  | 88,619 |  | 155,481 |  |

| NET BOOK VALUE

| At 31 July 2025 | - |  | 11,372 |  | 53,005 |  | 38,701 |  | 103,078 |  |

| At 31 July 2024 | - |  | 9,293 |  | - |  | 48,004 |  | 57,297 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

| £ | £

| Trade debtors | 176,006 |  | 210,027 |  |

| Amounts recoverable on contract | 501,104 |  | 442,813 |  |

| Other debtors | 168,135 |  | 60,851 |  |

845,245 |  | 713,691 |  |

| SMR SOLICITORS LIMITED (REGISTERED NUMBER: 10200601) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

| £ | £

| Finance leases (see note 9) | 12,335 |  | - |  |

| Taxation and social security | 704,862 |  | 506,795 |  |

| Other creditors | 70,218 |  | 31,516 |  |

787,415 |  | 538,311 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

| £ | £

| Finance leases (see note 9) | 33,702 |  | - |  |

9. | LEASING AGREEMENTS

| Minimum lease payments under finance leases fall due as follows:

| Finance leases |

2025 | 2024 |

| £ | £

| Net obligations repayable:

| Within one year | 12,335 |  | - |  |

| Between one and five years | 33,702 |  | - |  |

46,037 |  | - |  |

| Finance lease liabilities are secured over the assets to which they relate.

| At the balance sheet date the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £366,417 (2024: £123,713).

10. | SECURED DEBTS

| As a result of the company's banking facilities, there is a debenture in place that contains a fixed and floating charge over the company assets.

11. | RELATED PARTY DISCLOSURES

| At the balance sheet date, a director owed £420 (2024: £Nil) to the company. During the year advances of £420 (2024: £Nil) were made to the director, and a repayment to the company of £NIL (2024: £Nil) was made by the director. No interest was charged on the loan and it is repayable on demand.

| At the balance sheet date, a director owed £NIL (2024: £Nil) to the company. During the year advances of £7,208 (2024: £7,208) were made to the director, and a repayment to the company of £7,208 (2024: £18,792) was made by the director. No interest was charged on the loan and it was repayable on demand.