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Registration number: OC346533

PCM Law LLP
Unaudited Filleted Financial Statements
for the period from 1 April 2025 to 31 January 2026

PCM Law LLP

Contents

Limited liability partnership information | 1
Financial Statements | 2 to 6
Balance Sheet | 2
Notes to the Financial Statements | 3

PCM Law LLP

Limited liability partnership information

Designated members | Mr Paul Critchley Mr Graham Ernest Critchley

Registered office | 4 The Charne Otford Sevenoaks Kent TN14 5LS

Accountants | Carbon Accountancy Limited Chartered Accountants 80-83 Long Lane London EC1A 9ET

PCM Law LLP

(Registration number: OC346533)
Balance Sheet as at 31 January 2026

| Note | 2026 £ | 2025 £
Fixed assets |  |  |
Tangible assets | 3 | - | 3,964
Current assets |  |  |
Debtors | 4 | 85 | 23,258
Cash and short-term deposits |  | 54 | 552
|  | 139 | 23,810
Creditors: Amounts falling due within one year | 5 | (1,350) | (27,412)
Net current liabilities |  | (1,211) | (3,602)
Net (liabilities)/assets attributable to members |  | (1,211) | 362
Represented by: |  |  |
Loans and other debts due to members |  |  |
Members' capital classified as a liability |  | (1,211) | 362
|  | (1,211) | 362
Total members' interests |  |  |
Loans and other debts due to members |  | (1,211) | 362
|  | (1,211) | 362

For the year ending 31 January 2026 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied to limited liability partnerships, relating to small entities.

These financial statements have been prepared and delivered in accordance with the provisions applicable to limited liability partnerships subject to the small limited liability partnerships regime. As permitted by section 444 (5A) of the Companies Act 2006, the members have not delivered to the registrar a copy of the Profit and Loss Account.

The members acknowledge their responsibilities for complying with the requirements of the Act, as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 with respect to accounting records and the preparation of accounts.

The financial statements of PCM Law LLP (registered number OC346533) were approved by the Board and authorised for issue on 8 June 2026. They were signed on behalf of the limited liability partnership by:

......................................... Mr Paul Critchley Designated member

PCM Law LLP

Notes to the Financial Statements for the Period from 1 April 2025 to 31 January 2026

1 | 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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

General information and basis of accounting

The limited liability partnership is incorporated in England under the Limited Liability Partnership Act 2000. The address of the registered office is given on the limited liability partnership information page. The nature of the limited liability partnership’s operations and its principal activities are given in the members’ report.
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 functional currency of PCM Law LLP is considered to be pounds sterling because that is the currency of the primary economic environment in which the limited liability partnership operates. Foreign operations are included in accordance with the policies set out below.

Revenue recognition

Revenue is recognised to the extent that the limited liability partnership obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.

Members' remuneration and division of profits

The SORP recognises that the basis of calculating profits for allocation may differ from the profits reflected through the financial statements prepared in compliance with recommended practice, given the established need to seek to focus profit allocation on ensuring equity between different generations and populations of members.
Consolidation of the results of certain subsidiary undertakings, the provision for annuities to current and former members, pension scheme charges, the spreading of acquisition integration costs and the treatment of long leasehold interests are all items which may generate differences between profits calculated for the purpose of allocation and those reported within the financial statements. Where such differences arise, they have been included within other amounts in the balance sheet.
Members' fixed shares of profits (excluding discretionary fixed share bonuses) and interest earned on members' balances are automatically allocated and, are treated as members' remuneration charged as an expense to the profit and loss account in arriving at profit available for discretionary division among members.
The remainder of profit shares, which have not been allocated until after the balance sheet date, are treated in these financial statements as unallocated at the balance sheet date and included within other reserves.

PCM Law LLP

Notes to the Financial Statements for the Period from 1 April 2025 to 31 January 2026 (continued)

1 | Accounting policies (continued)

Taxation

The taxation payable on the partnership's profits is the personal liability of the members, although payment of such liabilities is administered by the partnership on behalf of its members. Consequently, neither partnership taxation nor related deferred taxation is accounted for in these financial statements. Sums set aside in respect of members' tax obligations are included in the balance sheet within loans and other debts due to members, or are set against amounts due from members as appropriate.

Tangible fixed assets

Individual fixed assets costing £250.00 or more are initially recorded at cost.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class | Depreciation method and rate
Leasehold improvements | Over the period of the lease
Fixtures, fittings & equipment | 33% on reducing balance

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the limited liability partnership will not be able to collect all amounts due according to the original terms of the receivables.

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.

Members' interests

Amounts due to members after more than one year comprise provisions for annuities to current members and certain loans from members which are not repayable within twelve months of the balance sheet date.

Pensions and other post retirement obligations

The partnership operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

Current versus non-current classification

Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through profit or loss. Where fair value cannot be measured reliably, investments are measured at cost less impairment.
In the limited liability partnership balance sheet, investments in subsidiaries and associates are measured at cost less impairment.

PCM Law LLP

Notes to the Financial Statements for the Period from 1 April 2025 to 31 January 2026 (continued)

1 | Accounting policies (continued)

Fair value measurement

The best evidence of fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a recent transaction for an identical asset provides evidence of fair value as long as there has not been a significant change in economic circumstances or a significant lapse of time since the transaction took place. If the market is not active and recent transactions of an identical asset on their own are not a good estimate of fair value, the fair value is estimated by using a valuation technique.

2 | Particulars of employees

The average number of persons employed by the limited liability partnership during the period was 0 (2025 - 0).

3 | Tangible fixed assets

| Short leasehold land and buildings £ | Office equipment £ | Total £
Cost |  |  |
At 1 April 2025 | 6,876 | 57,026 | 63,902
Disposals | (6,876) | (57,026) | (63,902)
At 31 January 2026 | - | - | -
Depreciation |  |  |
At 1 April 2025 | 6,875 | 53,063 | 59,938
Charge for the year | - | 908 | 908
Eliminated on disposals | (6,875) | (53,971) | (60,846)
At 31 January 2026 | - | - | -
Net book value |  |  |
At 31 January 2026 | - | - | -
At 31 March 2025 | 1 | 3,963 | 3,964

4 | Debtors

| 2026 £ | 2025 £
Trade debtors | - | 21,986
Other debtors | 85 | 1,272
Total current trade and other debtors | 85 | 23,258

PCM Law LLP

Notes to the Financial Statements for the Period from 1 April 2025 to 31 January 2026 (continued)

5 | Creditors: Amounts falling due within one year

| 2026 £ | 2025 £
Other creditors | 1,350 | 24,373
Taxation and social security | - | 3,039
| 1,350 | 27,412

6 | Control

The members are the controlling party by virtue of their controlling interest in the limited liability partnership. The ultimate controlling party is the same as the controlling party.