Company No: 09479835 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	4	36,927		39,681
Investments	5	100,000		100,000
		136,927		139,681
Current assets
Debtors	6	847,736		734,858
Cash at bank and in hand		956,262		1,033,065
		1,803,998		1,767,923
Creditors: amounts falling due within one year	7, 14	( 494,734)		( 656,099)
Net current assets		1,309,264		1,111,824
Total assets less current liabilities		1,446,191		1,251,505
Creditors: amounts falling due after more than one year	8	( 100,000)		( 100,000)
Provision for liabilities	9, 10	( 14,232)		( 24,920)
Net assets		1,331,959		1,126,585
Capital and reserves
Called-up share capital	11	96		90
Profit and loss account		1,331,863		1,126,495
Total shareholder's funds		1,331,959		1,126,585

For the financial year ending 31 May 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year 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; 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 Profit and Loss Account has not been delivered.

The financial statements of The Burnside Partnership Solicitors Ltd (registered number: 09479835) were approved and authorised for issue by the Board of Directors on 03 August 2026. They were signed on its behalf by:

A. E. Burnside Director

1. Accounting policies

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

General information and basis of accounting

The Burnside Partnership Solicitors Ltd (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 The Carpenters' Workshop Blenheim Palace Sawmills, Combe, Witney, OX29 8ET, United Kingdom.

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

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Income in response of contingent fee assignments is recognised in the period when then contingent event occurs and collectability of the fee is assured.

Unbilled income on individual client assignments is included in recoverable contracts within debtors.

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised as an expense when the Company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

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 current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

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 or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc.

4 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.

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.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Fixed asset investments

Interest in subsidiaries are initially measured at cost and subsequently measures at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits form its activities.

Cash and cash equivalents

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 creditors: amounts falling due within one year.

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, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
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.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

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

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	28		27

3. Dividends on equity shares

	2026		2025
	£		£
Amounts recognised as distributions to equity holders in the financial year:
Interim dividend for the financial year ended 31 May 2026 of £1,111.11 (2025: £1,833.33) per ordinary share	100,000		165,000

4. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 June 2025	172,024		172,024
Additions	25,686		25,686
Disposals	( 1)		( 1)
At 31 May 2026	197,709		197,709
Accumulated depreciation
At 01 June 2025	132,343		132,343
Charge for the financial year	28,440		28,440
Disposals	( 1)		( 1)
At 31 May 2026	160,782		160,782
Net book value
At 31 May 2026	36,927		36,927
At 31 May 2025	39,681		39,681

5. Fixed asset investments

	2026		2025
	£		£
Subsidiary undertakings	100,000		100,000

Investments in subsidiaries

	2026
	£
Cost
At 01 June 2025	100,000
At 31 May 2026	100,000
Carrying value at 31 May 2026	100,000
Carrying value at 31 May 2025	100,000

6. Debtors

	2026		2025
	£		£
Trade debtors	579,057		419,162
Amounts recoverable on contracts	163,290		197,940
Prepayments	79,520		86,884
Other debtors	25,869		30,872
	847,736		734,858

Debtors due greater than one year include a rental deposit of £25,529 (2025: £25,109) included within Other debtors.

7. Creditors: amounts falling due within one year

	2026		2025
	£		£
Bank loans	0		166,722
Trade creditors	79,380		64,277
Amounts owed to directors	4		29,332
Accruals and deferred income	76,824		64,055
Corporation tax	96,682		142,037
Other taxation and social security	215,691		189,676
Other creditors	26,153		0
	494,734		656,099

8. Creditors: amounts falling due after more than one year

	2026		2025
	£		£
Other creditors	100,000		100,000

9. Provision for liabilities

	2026		2025
	£		£
Deferred tax	9,232		9,920
Other provisions	5,000		15,000
	14,232		24,920

Other provisions of £5,000 (2025: £15,000) represents dilapidations.

10. Deferred tax

	2026		2025
	£		£
At the beginning of financial year	( 9,920)		( 10,675)
Credited to the Profit and Loss Account	688		755
At the end of financial year	( 9,232)		( 9,920)

The deferred tax liability set out above is expected to reverse within 12 months and related to accelerated capital allowances that are expected to mature within the same period.

11. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
96 Ordinary shares of £ 1.00 each (2025: 90 shares of £ 1.00 each)	96		90

12. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

	2026		2025
	£		£
Within one year	164,342		164,342
Between one and five years	455,301		508,066
Total future minimum lease payments under non-cancellable operating leases	619,643		672,408

Pensions

The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

Included in the balance sheet are unpaid pension contributions of: £nil (2025: £nil).

13. Related party transactions

Other related party transactions

The company has taken advantage of the exemption available per paragraph 33.1A of FRS 102 whereby it has not disclosed transactions with any wholly owned subsidiary of the group.

14. Loans and overdrafts

Current loans and borrowings

	2026		2025
	£		£
Bank borrowings	0		166,722

The company was in receipt of two Coronavirus Business Interruption Loans that carry a government backed guarantee, this has been repaid in financial year 2026.