Company No: 16167533 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	30.03.2026
		£
Fixed assets
Tangible assets	3	15,216
		15,216
Current assets
Debtors	4	25,380
Cash at bank and in hand		145,799
		171,179
Creditors: amounts falling due within one year	5	( 81,953)
Net current assets		89,226
Total assets less current liabilities		104,442
Provision for liabilities		( 3,804)
Net assets		100,638
Capital and reserves
Called-up share capital	6	100
Profit and loss account		100,538
Total shareholders' funds		100,638

For the financial period ending 30 March 2026 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 financial statements for the financial period in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Elevate Legal (SW) Limited (registered number: 16167533) were approved and authorised for issue by the Director on 22 June 2026. They were signed on its behalf by:

Mr M F T Cook Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Elevate Legal (SW) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 9 The Crescent, Plymouth, PL1 3AB, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Reporting period length

These financial statements cover the period from incorporation on 7 January 2025 to 30 March 2026. The company extended its first accounting period so that future year ends fall on 30 March.

Turnover

Turnover represents amounts billed, net of value added tax, in respect of services provided to clients. Fee income includes accrued income valued on the basis of contractual terms relating to different income streams as adjusted for expected ultimate recoverability in accordance with Financial Reporting Standards.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Plant and machinery	5 years straight line
Office equipment	5 years straight line
Computer equipment	5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

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

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	Period from 07.01.2025 to 30.03.2026
	Number
Monthly average number of persons employed by the Company during the period, including the director	2

3. Tangible assets

	Plant and machinery		Office equipment		Computer equipment		Total
	£		£		£		£
Cost
At 07 January 2025	0		0		0		0
Additions	3,787		6,653		6,940		17,380
At 30 March 2026	3,787		6,653		6,940		17,380
Accumulated depreciation
At 07 January 2025	0		0		0		0
Charge for the financial period	247		929		988		2,164
At 30 March 2026	247		929		988		2,164
Net book value
At 30 March 2026	3,540		5,724		5,952		15,216

4. Debtors

	30.03.2026
	£
Trade debtors	25,794
Other debtors	( 414)
	25,380

5. Creditors: amounts falling due within one year

	30.03.2026
	£
Trade creditors	298
Taxation and social security	78,655
Other creditors	3,000
	81,953

6. Called-up share capital

	30.03.2026
	£
Allotted, called-up and fully-paid
20 Ordinary A shares of £ 1.00 each	20
75 Ordinary B shares of £ 1.00 each	75
5 Ordinary C shares of £ 1.00 each	5
	100

7. Financial commitments

Other financial commitments

	30.03.2026
	£
Total future minimum lease payments under non‑cancellable operating leases for property are as follows:	18,000