REGISTERED NUMBER: OC423968 (England and Wales)

Report of the Members and

Financial Statements

for the Year Ended 31 March 2026

for

Nichols Marcy Dawson LLP

Page

General Information

1

Report of the Members

2

Income Statement

3

Statement of Financial Position

4

Notes to the Financial Statements

6

DESIGNATED MEMBERS:

C Hadfield

C J H Mitchell

D E R Turnham

S Walker

REGISTERED OFFICE:

Portman House

Colby Road

Walton-on-Thames

Surrey

KT12 2RN

REGISTERED NUMBER:

OC423968 (England and Wales)

ACCOUNTANTS:

Wilson Partners Limited

Chancery House

30 St Johns Road

Woking

Surrey

GU21 7SA

The members present their report with the financial statements of the LLP for the year ended 31 March 2026.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of solicitors.

DESIGNATED MEMBERS

The designated members during the year under review were:

C Hadfield

C J H Mitchell

D E R Turnham

S Walker

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £946,074 (2025 - £807,270 profit).

MEMBERS' INTERESTS

The members maintain capital and current accounts.

Profits attributable to the members are credited to the members' current accounts. Drawings are paid to the members on a basis to be agreed by the members from time to time.

ON BEHALF OF THE MEMBERS:

C Hadfield - Designated member

23 June 2026

REVENUE

2,203,519

2,118,814

Cost of sales

(176,478

)

(197,138

)

GROSS PROFIT

2,027,041

1,921,676

Administrative expenses

(1,199,092

)

(1,222,522

)

OPERATING PROFIT

5

827,949

699,154

Interest receivable and similar income

118,125

108,116

PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS

946,074

807,270

FIXED ASSETS

Property, plant and equipment

6

49,614

54,693

CURRENT ASSETS

Debtors

7

621,470

360,210

Cash at bank and in hand

705,959

837,907

1,327,429

1,198,117

CREDITORS

Amounts falling due within one year

8

(157,225

)

(181,262

)

NET CURRENT ASSETS

1,170,204

1,016,855

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

1,219,818

1,071,548

LOANS AND OTHER DEBTS DUE TO MEMBERS

9

1,109,418

973,298

MEMBERS' OTHER INTERESTS

Capital accounts

110,400

98,250

1,219,818

1,071,548

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

1,109,418

973,298

Members' other interests

110,400

98,250

1,219,818

1,071,548

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 2026.

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.

The financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 23 June 2026 and were signed by:

C Hadfield - Designated member

1.	STATUTORY INFORMATION

Nichols Marcy Dawson LLP is registered in England and Wales. 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Freehold property

-

Straight line over 25 years

Improvements to property

-

over the period of the lease

Fixtures and fittings

-

10% on cost

Computer equipment

-

33% on cost

Pension costs and other post-retirement benefits

The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

Taxation

The taxation payable on the LLP profits is the personal liability of the members, but a transfer is made from each member's current account to a separate taxation reserve account for each member to cover the estimated tax liability arising.

4.	EMPLOYEE INFORMATION

The average number of employees during the year was 20 (2025 - 20 ) .

5.	OPERATING PROFIT

The operating profit is stated after charging:

31/3/26

31/3/25

£

£

Depreciation - owned assets

11,099

9,151

6.	PROPERTY, PLANT AND EQUIPMENT

Improvements

Fixtures

Freehold

to

and

Computer

property

property

fittings

equipment

Totals

£

£

£

£

£

Cost

At 1 April 2025

25,000

27,769

13,119

69,727

135,615

Additions

-

-

-

6,020

6,020

At 31 March 2026

25,000

27,769

13,119

75,747

141,635

Depreciation

At 1 April 2025

1,250

14,573

6,465

58,634

80,922

Charge for year

1,000

2,314

1,312

6,473

11,099

At 31 March 2026

2,250

16,887

7,777

65,107

92,021

Net book value

At 31 March 2026

22,750

10,882

5,342

10,640

49,614

At 31 March 2025

23,750

13,196

6,654

11,093

54,693

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/26

31/3/25

£

£

Trade debtors

498,061

281,685

Other debtors

123,409

78,525

621,470

360,210

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/26

31/3/25

£

£

Trade creditors

3,631

-

Taxation and social security

96,289

124,262

Other creditors

57,305

57,000

157,225

181,262

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of a winding up, any amounts included in "loans and other debts due to members" will rank equally with unsecured creditors.