Company No: 08178217 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	4	52,362		69,619
		52,362		69,619
Current assets
Debtors	5	1,742,814		692,914
Cash at bank and in hand		151,204		244,397
		1,894,018		937,311
Creditors: amounts falling due within one year	6	( 724,419)		( 290,498)
Net current assets		1,169,599		646,813
Total assets less current liabilities		1,221,961		716,432
Creditors: amounts falling due after more than one year	7	( 617,477)		0
Provision for liabilities		( 9,950)		( 13,228)
Net assets		594,534		703,204
Capital and reserves
Called-up share capital	8	10		10
Profit and loss account		594,524		703,194
Total shareholder's funds		594,534		703,204

For the financial year ending 30 November 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements of Walker Family Law Limited (registered number: 08178217) were approved and authorised for issue by the Director on 24 August 2026. They were signed on its behalf by:

Mr I Walker 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

Walker Family Law Limited (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 Vantage Point, Pynes Hill, Exeter, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, 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 represents the value of services rendered during the year (excluding VAT) and comprises both completed work (gross fees billed) and incomplete unbilled work (accrued income).

Gross fees billed represent the amounts (excluding VAT) derived from the provision of completed work for clients during the year. In addition, accrued income is recognised in accordance with the principles of FRS102. The movement in accrued income has been shown as turnover for the year.

Employee benefits

Defined contribution schemes
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

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 tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. 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:

Fixtures and fittings	15 % reducing balance
Computer equipment	3 - 5 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.

Leases

The Company as lessee
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Impairment of assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

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 receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

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. Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company’s accounting policies, the director is required to make judgements that have a significant impact on the amounts recognised. The following are the critical judgements that the director has made in the process of applying the Company’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

Revenue recognition
Revenue in relation to unbilled time, excluding contingent fee matters, is recognised in the accounts based upon the judgement of the designated members in respect of expected ultimate recoverability.
In undertaking this assessment the designated members consider a range of factors including historical recovery rates and contractual terms. In undertaking this process an adjustment is made to
reduce the unbilled time to average recovery rates.

In respect of contingent work judgement is exercised in determining whether revenue should be recognised in respect of work of a contingent nature. In making this judgement, the designated members have considered the nature of the work undertaken, this historic success rate for that type of work, as well as the specific circumstances of the matters up to the point of signing the accounts. Where the liability has been agreed the unbilled time for the matter is accrued but where the outcome is still uncertain no revenue is recognised in the accounts.

In total the carrying value of accrued income at the balance sheet date was £1,092,794.

Bad or doubtful debts provision
A provision for bad or doubtful debts in respect of fees issued and disbursement debts is established by the designated members. In making this judgement, the designated members have considered the historic occurrence of bad debts against the firm and the circumstances of debtors at the balance sheet date. The carrying value of the bad or doubtful debt provision at the balance sheet date was £33,343.

3. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	45		37

4. Tangible assets

	Fixtures and fittings		Computer equipment		Total
	£		£		£
Cost
At 01 December 2024	67,523		106,832		174,355
Additions	1,461		9,563		11,024
Disposals	( 3,981)		( 4,810)		( 8,791)
At 30 November 2025	65,003		111,585		176,588
Accumulated depreciation
At 01 December 2024	35,056		69,680		104,736
Charge for the financial year	4,819		19,311		24,130
Disposals	( 2,157)		( 2,483)		( 4,640)
At 30 November 2025	37,718		86,508		124,226
Net book value
At 30 November 2025	27,285		25,077		52,362
At 30 November 2024	32,467		37,152		69,619

5. Debtors

	2025		2024
	£		£
Trade debtors	326,024		78,002
Amounts owed by director	160,849		133,770
Prepayments and accrued income	1,167,092		476,839
VAT recoverable	50,207		0
Corporation tax	0		4,303
Other debtors	38,642		0
	1,742,814		692,914

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	165,094		105,934
Other loans	2,068		0
Accruals	54,866		50,365
Corporation tax	4,497		0
Other taxation and social security	42,822		133,897
Other creditors	455,072		302
	724,419		290,498

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

	2025		2024
	£		£
Other creditors	617,477		0

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
10 Ordinary shares of £ 1.00 each	10		10

Ordinary shares having voting rights and entitle the holder to rights to capital and dividends.

9. Financial commitments

Other financial commitments

The total amount of financial commitments not included in the balance sheet is £424,948 (2024 - £51,202).

10. Related party transactions

Transactions with the entity's director

	2025		2024
	£		£
I Walker	160,849		133,770

The loan is repayable on demand. Director's loans are subject to interest on overdrawn balances at HMRC's official rate.