REGISTERED NUMBER: 03483122 (England and Wales)

PARK SQUARE BARRISTERS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J J Hargan

D M S Orbaum

R J Wright KC

K Melly

C Worsley KC

P Abrahams

S Anderson

C B Ward

REGISTERED OFFICE:

6 Park Square East

Leeds

West Yorkshire

LS1 2LW

REGISTERED NUMBER:

03483122 (England and Wales)

ACCOUNTANTS:

UHY BPR Heaton

Chartered Accountants

Glenewes House

Gate Way Drive

Leeds

West Yorkshire

LS19 7XY

BANKERS:

Handelsbanken

9th Floor

West One

114 Wellington Street

Leeds

West Yorkshire

LS1 1BA

FIXED ASSETS

Tangible assets

4

871,766

230,214

CURRENT ASSETS

Debtors

5

471,626

401,557

Cash at bank and in hand

300,583

147,988

772,209

549,545

CREDITORS

Amounts falling due within one year

6

(754,401

)

(338,145

)

NET CURRENT ASSETS

17,808

211,400

TOTAL ASSETS LESS CURRENT LIABILITIES

889,574

441,614

CREDITORS

Amounts falling due after more than one year

7

(232,632

)

-

PROVISIONS FOR LIABILITIES

(97,754

)

(38,218

)

NET ASSETS

559,188

403,396

CAPITAL AND RESERVES

Called up share capital

185

172

Other reserves

269,766

269,766

Retained earnings

289,237

133,458

SHAREHOLDERS' FUNDS

559,188

403,396

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 May 2026 and were signed on its behalf by:

J J Hargan - Director

R J Wright KC - Director

1.	STATUTORY INFORMATION

Park Square Barristers 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.

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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents barristers contributions to chambers in respect of tenancy. The contribution rates are determined annually and are set at levels intended to cover the administration costs of operating the chambers.

Tangible fixed assets

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

Improvements to property

-

15% on cost

Fixtures and fittings

-

15% on reducing balance

Equipment

-

25% on cost

Library books

-

10% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Financial instruments

Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Financial assets and liabilities are initially measured at transaction price, except for those financial assets classified as at fair value through profit or loss.

Basic financial instruments

Basic financial instruments are those with relatively straight forward terms and would normally include cash, bank balances, trade debtors, trade creditors and uncomplicated bank loans.

Where the arrangement does not constitute a financing transaction, e.g. trade debtors on normal commercial terms, the debtor will be valued initially at transaction price (i.e. cost) and subsequently at transaction price less impairment (if any) due to concerns over recoverability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 42 (2025 - 40 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2025

1,146,465

Additions

696,009

At 31 March 2026

1,842,474

DEPRECIATION

At 1 April 2025

916,251

Charge for year

54,457

At 31 March 2026

970,708

NET BOOK VALUE

At 31 March 2026

871,766

At 31 March 2025

230,214

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

392,399

308,884

Other debtors

79,227

92,673

471,626

401,557

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

174,405

-

Trade creditors

29,524

29,099

Taxation and social security

187,648

153,027

Other creditors

362,824

156,019

754,401

338,145

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

232,632

-

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2026

2025

£

£

Within one year

141,582

58,983

Between one and five years

652,796

190,051

In more than five years

1,256,495

65,989

2,050,873

315,023