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REGISTERED NUMBER: SO307485 (Scotland)

REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

CONNELL & CONNELL LLP

CONNELL & CONNELL LLP (REGISTERED NUMBER: SO307485)

CONTENTS OF THE FINANCIAL STATEMENTS

for the year ended 31 March 2026

Page |

General Information | 1 |

Report of the Members | 2 |

Income Statement | 3 |

Balance Sheet | 4 |

Reconciliation of Members' Interests | 6 |

Notes to the Financial Statements | 8 |

CONNELL & CONNELL LLP

GENERAL INFORMATION

for the year ended 31 March 2026

| DESIGNATED MEMBERS: | A J Ogilvie

| Ms L M Elrick

| R J Murray

| Ms J L Boyle

| REGISTERED OFFICE: | 10 Dublin Street

| Edinburgh

| Midlothian

| United Kingdom

| EH1 3PR

| REGISTERED NUMBER: | SO307485 (Scotland)

| ACCOUNTANTS: | Mitchell Edwards

| Chartered Certified Accountants

| 24A Ainslie Place

| Edinburgh

| EH3 6AJ

| BANKERS: | The Royal Bank Of Scotland

| 36 St Andrew Square

| Edinburgh

| EH2 2AD

CONNELL & CONNELL LLP (REGISTERED NUMBER: SO307485)

REPORT OF THE MEMBERS

for the year ended 31 March 2026

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 the provision of legal services.

DESIGNATED MEMBERS

The designated members during the year under review were:

A J Ogilvie

Ms L M Elrick

R J Murray

Ms J L Boyle

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £810,130 (2025 - £1,038,692 profit).

MEMBERS' INTERESTS

Members subscribe to the capital of Connell & Connell LLP.

Each Member shall maintain at the credit of their capital account in the LLP at least such sum as the Members shall mutually agree so that the total credit in the capital of the LLP shall be adequate for the efficient conduct of the business of the LLP. Where, in accordance with instructions from the Equity Members, a Member contributes capital to the LLP at any time after the incorporation of the LLP, that Member acquires a share in the LLP in accordance with the amount or value of that contribution.

Capital is repaid to Members after they cease to be Members of Connell & Connell LLP, therefore this capital is shown in the Balance Sheet as a liability.

POLICY OF MEMBERS' DRAWINGS

The Members shall be entitled to draw to account of their shares of Net Profits in each year on a monthly basis only up to such sum as may be determined by a Majority of Equity Members from time to time.

In addition to the sums referred to above the Members shall be entitled to draw such sums proportional to their respective entitlements to share in the Net Profits as may be determined by a Majority of Equity Members from time to time.

The Members are entitled to withdraw the amounts at the credit of their Current Accounts provided there are sufficient funds and such amounts as may be determined by a Majority of Equity Members from time to time.

ON BEHALF OF THE MEMBERS:

Ms L M Elrick - Designated member

30 June 2026

CONNELL & CONNELL LLP (REGISTERED NUMBER: SO307485)

INCOME STATEMENT

for the year ended 31 March 2026

| 2026 |  | 2025

| Notes | £ | £ |

TURNOVER | 1,948,302 |  | 1,969,146 |  |

Cost of sales | 887,436 |  | 728,279 |  |

GROSS PROFIT | 1,060,866 |  | 1,240,867 |  |

Administrative expenses | 290,282 |  | 270,041 |  |

OPERATING PROFIT | 4 | 770,584 |  | 970,826 |  |

Interest receivable and similar income | 39,546 |  | 67,866 |  |

PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES | 810,130 |  | 1,038,692 |  |

PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES | 810,130 |  | 1,038,692 |  |

Members' remuneration charged as an expense | 5 | (810,130 | ) | (1,038,692 | ) |

PROFIT FOR THE FINANCIAL YEAR AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS | - |  | - |  |

CONNELL & CONNELL LLP (REGISTERED NUMBER: SO307485)

BALANCE SHEET

31 March 2026

| 2026 | 2025 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 6 | 81,235 |  | 81,813 |  |

CURRENT ASSETS

Debtors | 7 | 551,293 |  | 692,442 |  |

Cash at bank and in hand | 10,483 |  | 15,181 |  |

561,776 |  | 707,623 |  |

CREDITORS

Amounts falling due within one year | 8 | 207,881 |  | 190,441 |  |

NET CURRENT ASSETS | 353,895 |  | 517,182 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS | 435,130 |  | 598,995 |  |

LOANS AND OTHER DEBTS DUE TO MEMBERS | 9 | 200,130 |  | 363,995 |  |

MEMBERS' OTHER INTERESTS

Capital accounts | 235,000 |  | 235,000 |  |

435,130 |  | 598,995 |  |

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members | 9 | 200,130 |  | 363,995 |  |

Members' other interests | 235,000 |  | 235,000 |  |

435,130 |  | 598,995 |  |

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.

CONNELL & CONNELL LLP (REGISTERED NUMBER: SO307485)

BALANCE SHEET - continued

31 March 2026

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 30 June 2026 and were signed by:

Ms L M Elrick - Designated member

R J Murray - Designated member

CONNELL & CONNELL LLP (REGISTERED NUMBER: SO307485)

RECONCILIATION OF MEMBERS' INTERESTS

for the year ended 31 March 2026

| EQUITY

| Members' other interests

| Members' |

| capital |

| (classified |

| as |  | Other |

| equity) |  | reserves |  | Total

£ | £ | £ |

Balance at 1 April 2025 | 235,000 |  | - |  | 235,000 |  |

Members' remuneration charged as an expense, including employment and retirement benefit costs | - |  | - |  | - |  |

Profit for the financial year available for discretionary division among members | - |  | - |  | - |  |

Members' interests after profit for the year | 235,000 |  | - |  | 235,000 |  |

Drawings on account and distributions of profit | - |  | - |  | - |  |

Balance at 31 March 2026 | 235,000 |  | - |  | 235,000 |  |

| DEBT | TOTAL

| Loans and other debts due to | MEMBERS'

| members less any amounts due | INTERESTS

| from members in debtors |

| Other |

| amounts |  | Total

£ | £ |

Amount due to members | 363,995 |  |

Amount due from members | - |  |

Balance at 1 April 2025 | 363,995 |  | 598,995 |  |

Members' remuneration charged as an expense, including employment and retirement benefit costs | 810,130 |  | 810,130 |  |

Profit for the financial year available for discretionary division among members | - |  | - |  |

Members' interests after profit for the year | 1,174,125 |  | 1,409,125 |  |

Drawings on account and distributions of profit | (973,995 | ) | (973,995 | ) |

Amount due to members | 200,130 |  |

Amount due from members | - |  |

Balance at 31 March 2026 | 200,130 |  | 435,130 |  |

CONNELL & CONNELL LLP (REGISTERED NUMBER: SO307485)

RECONCILIATION OF MEMBERS' INTERESTS

for the year ended 31 March 2026

| EQUITY

| Members' other interests

| Members' |

| capital |

| (classified |

| as |  | Other |

| equity) |  | reserves |  | Total

£ | £ | £ |

Balance at 1 April 2024 | 235,000 |  | - |  | 235,000 |  |

Members' remuneration charged as an expense, including employment and retirement benefit costs | - |  | - |  | - |  |

Profit for the financial year available for discretionary division among members | - |  | - |  | - |  |

Members' interests after profit for the year | 235,000 |  | - |  | 235,000 |  |

Drawings on account and distributions of profit | - |  | - |  | - |  |

Balance at 31 March 2025 | 235,000 |  | - |  | 235,000 |  |

| DEBT | TOTAL

| Loans and other debts due to | MEMBERS'

| members less any amounts due | INTERESTS

| from members in debtors |

| Other |

| amounts |  | Total

£ | £ |

Amount due to members | 227,506 |  |

Amount due from members | - |  |

Balance at 1 April 2024 | 227,506 |  | 462,506 |  |

Members' remuneration charged as an expense, including employment and retirement benefit costs | 1,038,692 |  | 1,038,692 |  |

Profit for the financial year available for discretionary division among members | - |  | - |  |

Members' interests after profit for the year | 1,266,198 |  | 1,501,198 |  |

Drawings on account and distributions of profit | (902,203 | ) | (902,203 | ) |

Amount due to members | 363,995 |  |

Amount due from members | - |  |

Balance at 31 March 2025 | 363,995 |  | 598,995 |  |

CONNELL & CONNELL LLP (REGISTERED NUMBER: SO307485)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 March 2026

1. | STATUTORY INFORMATION

| Connell & Connell LLP is registered in Scotland. The LLP's registered number and registered office address can be found on the General Information page.

| The financial statements are presented in sterling which is the functional currency of the company rounded to the nearest £.

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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

| At the time of approving the financial statements, the members have a reasonable expectation that the LLP has adequate resources to continue in operational existence for at least 12 months from the approval date. Thus the members continue to adopt the going concern basis of accounting in preparing the financial statements.

| Turnover

| Turnover represents amounts chargeable to clients for professional services provided during the year. Turnover is recognised when a right to consideration has been obtained through performance under each contract. Consideration accrues as contract activity progresses by reference to the value of the work performed.

| If, at the Balance Sheet, completion of contractual obligations is dependent on external factors (and thus outside the control of the Limited Liability Partnership), then revenue is recognised only when the event occurs. In such cases, costs incurred up to the Balance Sheet date are carried forward as work in progress.

| Profit is recognised on contracts, if the final outcome can be assessed with reasonable certainty, by including in the profit and loss account turnover and related costs as contract activity progresses. Turnover is calculated as that proportion of total contract value which costs to date bear to total expected costs for that contract.

| Tangible fixed assets

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

| Plant and machinery etc | - | Straight line over 6 years

| Pension costs and other post-retirement benefits

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

3. | EMPLOYEE INFORMATION

| The average number of employees during the year was 15 (2025 - 13 ) .

4. | OPERATING PROFIT

| The operating profit is stated after charging:

| 2026 |  | 2025

£ | £ |

| Depreciation - owned assets | 7,350 |  | 8,058 |  |

5. | INFORMATION IN RELATION TO MEMBERS

| 2026 |  | 2025

£ | £ |

| Members' remuneration charged as an expense |

| Partners' salaries | 530,000 |  | 515,000 |  |

| Automatic division of profit | 280,130 |  | 523,692 |  |

| Total remuneration | 810,130 |  | 1,038,692 |  |

CONNELL & CONNELL LLP (REGISTERED NUMBER: SO307485)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 March 2026

6. | TANGIBLE FIXED ASSETS

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| COST

| At 1 April 2025 | 60,000 |  | 60,835 |  | 120,835 |  |

| Additions | - |  | 6,772 |  | 6,772 |  |

| Disposals | - |  | (12,833 | ) | (12,833 | ) |

| At 31 March 2026 | 60,000 |  | 54,774 |  | 114,774 |  |

| DEPRECIATION

| At 1 April 2025 | - |  | 39,022 |  | 39,022 |  |

| Charge for year | - |  | 7,350 |  | 7,350 |  |

| Eliminated on disposal | - |  | (12,833 | ) | (12,833 | ) |

| At 31 March 2026 | - |  | 33,539 |  | 33,539 |  |

| NET BOOK VALUE

| At 31 March 2026 | 60,000 |  | 21,235 |  | 81,235 |  |

| At 31 March 2025 | 60,000 |  | 21,813 |  | 81,813 |  |

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2026 | 2025 |

£ | £ |

| Trade debtors | 101,119 |  | 228,630 |  |

| Amounts recoverable on contract | 133,665 |  | 132,621 |  |

| Other debtors | 316,509 |  | 331,191 |  |

551,293 |  | 692,442 |  |

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2026 | 2025 |

£ | £ |

| Trade creditors | 16,898 |  | 5,488 |  |

| Taxation and social security | 117,855 |  | 111,101 |  |

| Other creditors | 73,128 |  | 73,852 |  |

207,881 |  | 190,441 |  |

9. | LOANS AND OTHER DEBTS DUE TO MEMBERS |

| Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding-up.