Surrey Hills Solicitors LLP - LLP accounts 24.3

REGISTERED NUMBER: OC413010 (England and Wales)

Report of the Members and

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

Surrey Hills Solicitors LLP

Page

General Information

1

Report of the Members

2

Income Statement

3

Other Comprehensive Income

4

Balance Sheet

5

Reconciliation of Members' Interests

6

Notes to the Financial Statements

8

DESIGNATED MEMBERS:

Mrs R S Anderson

Ms S E Christmas

Miss K V Jackson

REGISTERED OFFICE:

Oak Green House

250-256 High Street

Dorking

Surrey

RH4 1QT

REGISTERED NUMBER:

OC413010 (England and Wales)

ACCOUNTANTS:

Mulberry & Co

Chartered Certified Accountants

& Chartered Tax Advisers

C/O Mulberry & Co

Eastgate House

Dogflud Way

Farnham

Surrey

GU9 7UD

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 general practice solicitors.

DESIGNATED MEMBERS

The designated members during the year under review were:

Mrs R S Anderson

Ms S E Christmas

Miss K V Jackson

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £888,563 (2025 - £744,172 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:

Ms S E Christmas - Designated member

3 July 2026

TURNOVER

1,539,731

1,383,424

Cost of sales

42,044

(18,375

)

GROSS PROFIT

1,581,775

1,365,049

Administrative expenses

(715,292

)

(659,109

)

OPERATING PROFIT

4

866,483

705,940

Interest receivable and similar income

22,080

38,232

PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION AND
PROFIT SHARES

888,563

744,172

PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION AND
PROFIT SHARES

888,563

744,172

Members' remuneration charged as an
expense

5

(888,563

)

(744,172

)

PROFIT FOR THE FINANCIAL YEAR
AVAILABLE FOR DISCRETIONARY
DIVISION AMONG MEMBERS

-

PROFIT FOR THE FINANCIAL YEAR
AVAILABLE FOR DISCRETIONARY
DIVISION AMONG MEMBERS

-

OTHER COMPREHENSIVE INCOME

-

TOTAL COMPREHENSIVE INCOME FOR
THE YEAR

-

FIXED ASSETS

Tangible assets

6

5,473

7,298

CURRENT ASSETS

Stocks

251,508

186,194

Debtors

7

263,622

170,467

Prepayments and accrued income

1,486

-

Cash at bank and in hand

3,250,681

5,685,591

3,767,297

6,042,252

CREDITORS

Amounts falling due within one year

8

(2,769,497

)

(5,222,698

)

NET CURRENT ASSETS

997,800

819,554

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

1,003,273

826,852

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

1,003,273

826,852

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

1,003,273

826,852

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 3 July 2026 and were signed by:

Ms S E Christmas - Designated member

EQUITY

DEBT

TOTAL

Members'

Loans and other debts due to

MEMBERS'

other

members less any amounts due

INTERESTS

interests

from members in debtors

Other

reserves

amounts

Total

£

Amount due to members

826,852

Amount due from members

-

Balance at 1 April 2025

-

826,852

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

-

888,563

Profit for the financial year available
for discretionary division among
members

-

Members' interests after profit for the
year

-

1,715,415

Drawings on account and
distributions of profit

-

(712,142

)

(712,142

)

Amount due to members

1,003,273

Amount due from members

-

Balance at 31 March 2026

-

1,003,273

EQUITY

DEBT

TOTAL

Members'

Loans and other debts due to

MEMBERS'

other

members less any amounts due

INTERESTS

interests

from members in debtors

Other

reserves

amounts

Total

£

Amount due to members

751,992

Amount due from members

-

Balance at 1 April 2024

-

751,992

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

-

744,172

Profit for the financial year available
for discretionary division among
members

-

Members' interests after profit for the
year

-

1,496,164

Drawings on account and
distributions of profit

-

(669,312

)

(669,312

)

Amount due to members

826,852

Amount due from members

-

Balance at 31 March 2025

-

826,852

1.	STATUTORY INFORMATION

Surrey Hills Solicitors LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

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.

Turnover

Turnover 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 the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 12 (2025 - 8 ) .

4.	OPERATING PROFIT

The operating profit is stated after charging:

31.3.26

31.3.25

£

Depreciation - owned assets

1,825

2,433

5.	INFORMATION IN RELATION TO MEMBERS

31.3.26

31.3.25

£

Members' remuneration charged as an expense

Automatic division of profit

888,563

744,172

6.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

COST

At 1 April 2025

and 31 March 2026

15,637

5,582

21,219

DEPRECIATION

At 1 April 2025

9,030

4,891

13,921

Charge for year

1,652

173

1,825

At 31 March 2026

10,682

5,064

15,746

NET BOOK VALUE

At 31 March 2026

4,955

518

5,473

At 31 March 2025

6,607

691

7,298

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Trade debtors

263,622

170,222

Other debtors

-

245

263,622

170,467

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Taxation and social security

113,727

97,431

Other creditors

2,655,770

5,125,267

2,769,497

5,222,698

Other creditors consist of amounts held on behalf of clients in clients bank accounts £5,120,664 (2024: £2,105,799) which are included as bank and cash balances.

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

31.3.26

31.3.25

£

Amounts owed to members in respect of profits

1,003,273

826,852

Falling due within one year

1,003,273

826,852

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up. There is no provision for specific legally enforceable protection afforded to creditors in such an event. There are no restrictions or limitations on the ability of the members to reduce the amount of ‘Members’ other interests'.

10.	ULTIMATE CONTROLLING PARTY

The LLP is controlled by its members and as such there is no one controlling party.