The directors present their annual report and financial statements for the year ended 31 August 2025.

The principal activity of the company continued to be that of a solicitors firm.

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

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

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

FLG Limited is a private company limited by shares incorporated in England and Wales. The registered office is 23 Warser Gate, Nottingham, NG1 1NU. The company registration number is 05534212.

These financial statements have been prepared in accordance 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 company. Monetary amounts 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.

Revenue represents the fair value of consideration receivable in respect of services provided during the year, including recoverable expenses incurred on client assignments, but excluding value added tax.

Where the outcome of a transaction can be estimated reliably, revenue is recognised in the profit and loss account by reference to the stage of completion at the reporting date. This is assessed based on the value of work performed to date, provided that a right to consideration has been established. Accordingly, revenue in respect of service contracts reflects costs incurred to date, together with attributable profit, less amounts recognised in previous periods where applicable.

Where the outcome of a transaction cannot be estimated reliably, revenue is recognised only to the extent that costs incurred are expected to be recoverable. No revenue is recognised where there are significant uncertainties regarding the recovery of consideration or where the right to receive payment is contingent on factors outside the control of the company.

Costs incurred in respect of ongoing contracts are included within contract costs recoverable until the related uncertainties are resolved. Expected losses are recognised immediately once they are considered probable, based on the latest estimates of contract revenue and costs. Unbilled revenue is included within work in progress.

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:

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.

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.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

The tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

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 leases asset are consumed.

Fixed asset investments

Investments are measured at transactions price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Transaction costs are expensed to profit or loss as incurred. Changes in fair value are recognised in other comprehensive income except to the extent that a gain reverses a loss previously recognised in profit or loss, or a loss exceeds the accumulated gains recognised in equity; such gains and loss are recognised in profit or loss.

The following judgements and estimates have had the most significant effect on the amounts recognised in the financial statements:

Depreciation and amortisation

Tangible and intangible fixed assets are depreciated or amortised over their estimated useful economic lives. The determination of useful economic lives is based on management’s judgement, taking into account expected usage, technological developments and the expected period over which the assets will generate economic benefits.

The carrying values of fixed assets are reviewed for impairment where events or changes in circumstances indicate that the carrying amount may not be recoverable. Any impairment assessment is based on estimated future cash flows, which involve a degree of judgement. No indicators of impairment have been identified during the year.

Revenue recognition and work in progress

Judgement is required in determining the stage of completion of long-term contracts and the recognition of revenue. Revenue is recognised based on the value of work performed, which may include an assessment of costs incurred to date and estimated costs to complete.

Management also reviews amounts recoverable on contracts, considering the likelihood of recovery and any potential exposure to loss. Provisions are made where necessary, including for expected losses on contracts, which are recognised immediately once they become probable.

The average monthly number of persons (including directors) employed by the company during the year was:

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

All transactions that took place were on normal commercial terms and on an arms length basis and therefore no further disclosure is required by FRS102 Section 1A.

The ultimate parent undertaking is FLG EOT Limited.

As control is exercised collectively by the trustees, there is no ultimate controlling party.