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REGISTERED NUMBER: SO300658 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

DMD Law LLP

DMD Law LLP (Registered number: SO300658)

Contents of the Financial Statements

for the Year Ended 31 March 2025

Page |

General Information | 1 |

Statement of Financial Position | 2 |

Notes to the Financial Statements | 4 |

DMD Law LLP

General Information

for the Year Ended 31 March 2025

| DESIGNATED MEMBERS: | I I M Armstrong

| G M Anderson

| REGISTERED OFFICE: | 22 St. Johns Road

| Edinburgh

| EH12 6NZ

| REGISTERED NUMBER: | SO300658 (Scotland)

| ACCOUNTANTS: | Gibson McKerrell Burrows Limited

| 28 Rutland Square

| Edinburgh

| EH1 2BW

DMD Law LLP (Registered number: SO300658)

Statement of Financial Position

31 March 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 3,500 |  | 9,500 |  |

Tangible assets | 5 | 643,020 |  | 605,922 |  |

646,520 |  | 615,422 |  |

CURRENT ASSETS

Debtors | 6 | 100,280 |  | 90,993 |  |

Prepayments and accrued income | 135,680 |  | 84,644 |  |

Cash at bank and in hand | 4,695,794 |  | 4,955,544 |  |

4,931,754 |  | 5,131,181 |  |

CREDITORS

Amounts falling due within one year | 7 | 4,974,416 |  | 5,144,467 |  |

NET CURRENT LIABILITIES | (42,662 | ) | (13,286 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 603,858 |  | 602,136 |  |

CREDITORS

Amounts falling due after more than one year | 8 | 53,399 |  | 82,185 |  |

NET ASSETS ATTRIBUTABLE TO MEMBERS | 550,459 |  | 519,951 |  |

LOANS AND OTHER DEBTS DUE TO MEMBERS | 10 | 550,459 |  | 519,951 |  |

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members | 10 | 550,459 |  | 519,951 |  |

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.

DMD Law LLP (Registered number: SO300658)

Statement of Financial Position - continued

31 March 2025

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 Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 14 April 2026 and were signed by:

I I M Armstrong - Designated member

DMD Law LLP (Registered number: SO300658)

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| DMD Law LLP is registered in Scotland. The LLP's registered number and registered office address can be found on the General Information page.

| The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover is attributable to the company's principal activity of solicitors.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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

| Tangible fixed assets are initially measured at cost. Cost includes the original purchase price and costs directly attributable to bringing the asset to its present location and into its present condition. After initial recognition, the assets are measured at cost less any accumulated depreciation and any accumulated impairment losses. Freehold properties are subsequently measured at their revalued amount, being the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

| Depreciation is provided by equal instalments at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Land and Buildings Not depreciated

| Motor Vehicles 25% reducing balance

| Furniture and Equipment 20% reducing balance

| Depreciation and impairment losses are charged to the Statement of Comprehensive Income within administrative expenses.

| The assets' residual values and useful lives are reviewed, and adjusted, if appropriate, at the end of each reporting period. The effect of any change is accounted for prospectively.

DMD Law LLP (Registered number: SO300658)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| The limited liability partnership only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and payables, loans from banks and other third parties.

| At the end of each reporting period, financial assets that are measured at cost are assessed for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income. 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 the Statement of Comprehensive Income.

| Financial assets are derecognised when (a) the contractual rights to the cash flows arising from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party, or (c) control of the asset has been transferred to another party.

| Financial liabilities are measured at amortised cost less any accumulated impairment losses. Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

3. | EMPLOYEE INFORMATION

| The average number of employees during the year was 12 (2024 - 11 ) .

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 30,000 |  |

| AMORTISATION

| At 1 April 2024 | 20,500 |  |

| Charge for year | 6,000 |  |

| At 31 March 2025 | 26,500 |  |

| NET BOOK VALUE

| At 31 March 2025 | 3,500 |  |

| At 31 March 2024 | 9,500 |  |

5. | TANGIBLE FIXED ASSETS

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| COST OR VALUATION

| At 1 April 2024 | 600,000 |  | 77,270 |  | 677,270 |  |

| Additions | - |  | 51,393 |  | 51,393 |  |

| At 31 March 2025 | 600,000 |  | 128,663 |  | 728,663 |  |

| DEPRECIATION

| At 1 April 2024 | - |  | 71,348 |  | 71,348 |  |

| Charge for year | - |  | 14,295 |  | 14,295 |  |

| At 31 March 2025 | - |  | 85,643 |  | 85,643 |  |

| NET BOOK VALUE

| At 31 March 2025 | 600,000 |  | 43,020 |  | 643,020 |  |

| At 31 March 2024 | 600,000 |  | 5,922 |  | 605,922 |  |

DMD Law LLP (Registered number: SO300658)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

5. | TANGIBLE FIXED ASSETS - continued

| Cost or valuation at 31 March 2025 is represented by:

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| Valuation in 2006 | 341,000 |  | 128,663 |  | 469,663 |  |

| Valuation in 2008 | 50,000 |  | - |  | 50,000 |  |

| Valuation in 2014 | (100,000 | ) | - |  | (100,000 | ) |

| Cost | 309,000 |  | - |  | 309,000 |  |

600,000 |  | 128,663 |  | 728,663 |  |

| If land and buildings had not been revalued they would have been included at the following historical cost:

2025 | 2024 |

£ | £ |

| Cost | 309,000 |  | 309,000 |  |

| Land and buildings were valued on an open market basis on 31 October 2014 by the Members .

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

2025 | 2024 |

£ | £ |

| Trade debtors | 30,292 |  | 34,877 |  |

| Other debtors | 69,988 |  | 56,116 |  |

100,280 |  | 90,993 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 24,000 |  | 24,000 |  |

| Trade creditors | 4,510,111 |  | 4,773,660 |  |

| Taxation and social security | 30,360 |  | 30,127 |  |

| Other creditors | 409,945 |  | 316,680 |  |

4,974,416 |  | 5,144,467 |  |

| Cash at bank includes £4,628,334 held in client designated accounts, of which £4,510,111 is due to clients shown in trade creditors.

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

2025 | 2024 |

£ | £ |

| Bank loans | 53,399 |  | 82,185 |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank loans | 77,399 |  | 106,185 |  |

DMD Law LLP (Registered number: SO300658)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

10. | LOANS AND OTHER DEBTS DUE TO MEMBERS |

|  | 2025 |  | 2024 |  |

| £ |  | £ |  |

| Amounts owed to members |  | 550,459 |  | 519,951 |  |

| Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up. There is no provision for specific legally enforceable protection afforded to creditors in such an event.