REGISTERED NUMBER: OC351982 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

MKB Solicitors LLP

Page

General Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

DESIGNATED MEMBERS:

Mrs L Kissane

Mr S Dawson

Mr B T McFeely

REGISTERED OFFICE:

1-11 Huddersfield Road

Barnsley

South Yorkshire

S70 2LP

REGISTERED NUMBER:

OC351982 (England and Wales)

ACCOUNTANTS:

Harris & Co Limited

Chartered Accountants

Marland House

13 Huddersfield Road

Barnsley

South Yorkshire

S70 2LW

FIXED ASSETS

Intangible assets

5

219,322

219,322

Tangible assets

6

1,365,733

880,286

Investments

7

207,636

185,532

1,792,691

1,285,140

CURRENT ASSETS

Debtors

8

1,269,239

994,968

Cash at bank and in hand

771,627

192,816

2,040,866

1,187,784

CREDITORS

Amounts falling due within one year

9

(1,003,454

)

(866,639

)

NET CURRENT ASSETS

1,037,412

321,145

TOTAL ASSETS LESS CURRENT LIABILITIES

2,830,103

1,606,285

CREDITORS

Amounts falling due after more than one year

10

(1,421,421

)

(749,663

)

NET ASSETS ATTRIBUTABLE TO MEMBERS

1,408,682

856,622

LOANS AND OTHER DEBTS DUE TO MEMBERS

12

1,405,682

853,622

MEMBERS' OTHER INTERESTS

Capital accounts

3,000

3,000

1,408,682

856,622

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

12

1,405,682

853,622

Members' other interests

3,000

3,000

1,408,682

856,622

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 and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Profit and Loss has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 3 August 2026 and were signed by:

Mr S Dawson - Designated member

1.	STATUTORY INFORMATION

MKB 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.

The presentation and functional 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 on a going concern basis under the historical cost convention.

Turnover

Turnover represents amounts chargeable to clients for professional services provided during the year including expenses and disbursements on client assignments but excluding value added tax. In accordance with the principles of revenue recognition as stated in UITF 40 and application note G of FRS 5, Reporting the Substance of Transactions, income is recognised as the right to consideration obtained through the performance of contractual obligations.

Goodwill

Intangible fixed assets represent goodwill of the business as determined by a binding agreement between its members. No amortisation is provided on the basis that the members review the value of this asset each year for any impairment to ensure that it is stated at no more than its recoverable amount.

These financial statements are not prepared in accordance with FRSSE 2015. Goodwill, including internally generated goodwill, has been included in the balance sheet at an amount which is in accordance with a binding agreement between the members and reflects the commercial reality of the business. The members consider this treatment is necessary for the financial statements to show a true and fair view.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

15% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Hire purchase and leasing commitments

Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account on a straight line basis.

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.

4.	EMPLOYEE INFORMATION

The average number of employees during the year was 62 (2025 - 59 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

219,322

NET BOOK VALUE

At 31 March 2026

219,322

At 31 March 2025

219,322

6.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

COST OR VALUATION

At 1 April 2025

874,500

74,677

26,258

975,435

Additions

-

15,704

3,370

19,074

Revaluations

472,000

-

-

472,000

At 31 March 2026

1,346,500

90,381

29,628

1,466,509

DEPRECIATION

At 1 April 2025

-

71,409

23,740

95,149

Charge for year

-

4,743

884

5,627

At 31 March 2026

-

76,152

24,624

100,776

NET BOOK VALUE

At 31 March 2026

1,346,500

14,229

5,004

1,365,733

At 31 March 2025

874,500

3,268

2,518

880,286

Cost or valuation at 31 March 2026 is represented by:

Fixtures

Freehold

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

Valuation in 2026

472,000

-

-

472,000

Cost

874,500

90,381

29,628

994,509

1,346,500

90,381

29,628

1,466,509

7.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST OR VALUATION

At 1 April 2025

185,532

Revaluations

22,104

At 31 March 2026

207,636

NET BOOK VALUE

At 31 March 2026

207,636

At 31 March 2025

185,532

Cost or valuation at 31 March 2026 is represented by:

Shares in

group

undertakings

£

Valuation in 2026

22,104

Cost

185,532

207,636

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

384,641

242,122

Other debtors

141,829

-

Amounts recoverable on contracts

654,336

677,031

Prepayments and accrued income

88,433

75,815

1,269,239

994,968

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans and overdrafts

126,896

160,019

Loans

95,196

-

Trade creditors

68,575

67,689

Social security and other taxes

42,377

32,237

VAT

269,623

180,398

Other creditors

44,368

40,020

Loan D A Wright

-

4,258

Loan G Staves

-

11,055

Loan A Glover

72,000

72,000

Accruals and deferred income

284,419

298,963

1,003,454

866,639

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans - 1-2 years

38,492

35,642

Bank loans - 2-5 years

488,070

532,262

Loans

95,196

-

Other loans - 2-5 years

285,587

-

Other loans more 5yrs instal

404,581

-

Loan A Glover

109,495

181,759

1,421,421

749,663

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

404,581

-

11.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.26

31.3.25

£

£

Bank overdrafts

88,404

124,377

Bank loans

565,054

603,546

653,458

727,923

The bank overdraft is secured over the company's property known as 9 and 11 Huddersfield Road, Barnsley. In addition the bank holds a personal guarantee from members as follows: Mrs L Kissane £40,000, Mr S Dawson £40,000 and Mr B McFeely £40,000..

12.

LOANS AND OTHER DEBTS DUE TO MEMBERS

31.3.26

31.3.25

£

£

Amounts owed to members in respect of profits

1,405,682

853,622

Falling due within one year

1,405,682

853,622

The loans and other debts due to members' (other than members' capital classified as debt) rank equal in relation to other creditors.