Taylor-Pritchard Law Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 7

Taylor-Pritchard Law Limited

Company Information

Director

L Taylor

Registered Office

71-75 Shelton Street Covent Garden London WC2H 9JQ

Registered Number

13475861

Accountants

Verinder Powell Associates Limited Suite 5 Corum 2 Corum Office Park Crown Way Warmley Bristol BS30 8FJ

Taylor-Pritchard Law Limited

(Registration number: 13475861)
Balance Sheet as at 31 October 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	9,297	4,891
Current assets
Debtors	5	7,940	24,541
Cash at bank and in hand		25,999	39,388
		33,939	63,929
Creditors: Amounts falling due within one year	6	(28,687)	(29,133)
Net current assets		5,252	34,796
Total assets less current liabilities		14,549	39,687
Provisions for liabilities		(1,767)	(1,509)
Net assets		12,782	38,178
Capital and reserves
Called up share capital		100	100
Retained earnings		12,682	38,078
Shareholders' funds		12,782	38,178

Taylor-Pritchard Law Limited

(Registration number: 13475861)
Balance Sheet as at 31 October 2025

For the financial year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act 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 companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 17 May 2026
 

......................................... L Taylor Director

Taylor-Pritchard Law Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
71-75 Shelton Street
Covent Garden
London
WC2H 9JQ

These financial statements were authorised for issue by the director on 17 May 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime). There have been no material departures from the Financial Reporting Standard 102 1A.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The financial statements are prepared in Pounds Sterling (£), and are rounded to the nearest pound.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity;
- and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Taylor-Pritchard Law Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

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

Asset class	Depreciation method and rate
Furniture and fittings	- 25% on straight line
Computer equipment	- 25% on straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

The company operates a define contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. Once the contributions have been paid, the company has no further payment obligations.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2024 - 2).

Taylor-Pritchard Law Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

4	Tangible assets

	Furniture and fittings £	Computer equipment £	Total £
Cost or valuation
At 1 November 2024	4,271	4,644	8,915
Additions	7,498	-	7,498
At 31 October 2025	11,769	4,644	16,413
Depreciation
At 1 November 2024	1,560	2,464	4,024
Charge for the year	1,959	1,133	3,092
At 31 October 2025	3,519	3,597	7,116
Carrying amount
At 31 October 2025	8,250	1,047	9,297
At 31 October 2024	2,711	2,180	4,891

5

Debtors

	2025 £	2024 £
Prepayments and accrued income	7,940	24,541
	7,940	24,541

6

Creditors

Due within one year	Note	2025 £	2024 £
Trade creditors		-	387
Amounts owed to related parties	7	11,321	8,061
Taxation and social security		14,717	18,300
Accruals		2,649	2,385
		28,687	29,133

 

Taylor-Pritchard Law Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

7	Related party transactions

Loans from related parties

2025	Key management £	Total £
At start of period	8,061	8,061
Advanced	100,417	100,417
Repaid	(97,157)	(97,157)
At end of period	11,321	11,321

2024	Key management £	Total £
At start of period	18,919	18,919
Advanced	134,688	134,688
Repaid	(145,546)	(145,546)
At end of period	8,061	8,061

Terms of loans from related parties

The loans from key management are interest free and repayable on demand.