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Registered number: 14955310
SCISSERO LAW LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2025
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SCISSERO LAW LIMITED
REGISTERED NUMBER: 14955310
STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2025
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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Page 1
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SCISSERO LAW LIMITED
REGISTERED NUMBER: 14955310
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2025
The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 4 to 11 form part of these financial statements.
Page 2
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SCISSERO LAW LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 DECEMBER 2025
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Retained earnings acquired
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Shares issued during the period
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The notes on pages 4 to 11 form part of these financial statements.
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Page 3
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SCISSERO LAW LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2025
Scissero Law Ltd is a private company limited by shares and incorporated in England and Wales. The company registered number is 14955310. The address of the registered office and trading address is 40 Bank Street, Level 19, London, E14 5NR.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting policies have been applied:
The financial statements have been prepared for the 18 month period to 31 December 2025. The reason for the long period was so that the Company could align their accounting reference date with a commonly controlled company. Consequently, the comparative figures shown in the Statement of Comprehensive Income and related notes cover a 12-month and 8 day period from 23 June 2023 to 30 June 2024, and are therefore not entirely comparable.
The financial statements have been prepared on the going concern basis, following the directors’ review of the company’s forecast trading and cash flows for a period of at least 12 months from the date of approval of these financial statements.
The company’s operations are cash-generative and the directors are satisfied that the company has sufficient resources to meet its own liabilities as they fall due and to provide continuing support to Scissero Ltd, a related party under common control. The directors have assessed the recoverability of the amounts owed to the company by Scissero Ltd, consider them recoverable in full, and accordingly no impairment provision is required.
On that basis the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, and continue to adopt the going concern basis in preparing the financial statements.
Revenue represents the value of legal services provided to clients during the period, stated net of value added tax and disbursements recharged as agent.
Revenue from time-based and fixed fee engagements is recognised by reference to the stage of completion at the reporting date, provided the outcome can be measured reliably. Unbilled amounts are included within accrued income.
Revenue from engagements where the fee is contingent on a specified outcome is recognised only when that outcome is sufficiently certain and the amount can be measured reliably.
Page 4
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SCISSERO LAW LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
Short-term debtors are measured at transaction price, less any impairment.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Short-term creditors are measured at the transaction price.
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
Interest income is recognised in profit or loss using the effective interest method.
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Foreign currency translation
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Functional and presentation currency
The Company's functional and presentational currency is GBP.
Transactions and balances
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.
At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.
Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.
Page 5
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SCISSERO LAW LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
Defined contribution pension plan
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.
Page 6
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SCISSERO LAW LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2025
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Judgments in applying accounting policies and key sources of estimation uncertainty
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The preparation of the financial statements requires the directors to make judgements, estimates and assumptions that affect the amounts reported for assets, liabilities, income and expenses. Actual results may differ from these estimates.
The areas involving the most significant judgements and estimates are as follows:
Revenue recognition and work in progress
The company undertakes both time-based and fixed-fee engagements. The directors exercise judgement in assessing the stage of completion of matters at the reporting date and determining whether any accrued income or work in progress should be recognised. This assessment is based on contractual arrangements, matter progress, and expected recoverability.
Recoverability of amounts due from related parties
The company has a significant balance due from a related party undertaking. The directors have assessed the recoverability of this balance by reference to forecast trading performance, expected future cash flows, available financial support arrangements, and the financial position of the counterparty. Based on that assessment, the directors consider the balance recoverable in full, and no impairment provision is required.
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The average monthly number of employees, including directors, during the period was 27 (2024: 17).
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Page 7
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SCISSERO LAW LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2025
Page 8
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SCISSERO LAW LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2025
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Amounts owed by group undertakings
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Amounts owed by other participating interests
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Called up share capital not paid
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A balance previously disclosed as owed by other participating interests has been reclassified as amounts owed by group undertakings. The reclassification has no effect on profit for the year, net assets, total liabilities or shareholders' funds.
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Creditors: amounts falling due within one year
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Amounts owed to other participating interests
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Other taxation and social security
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A balance previously disclosed as due to group undertakings has been reclassified as amounts owed to other participating interests. The reclassification has no effect on profit for the year, net assets, total liabilities or shareholders' funds.
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Page 9
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SCISSERO LAW LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2025
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Creditors: amounts falling due after more than one year
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During the period the directors reviewed the presentation of certain staff-related costs and concluded that costs directly attributable to the delivery of legal services are more appropriately presented within cost of sales rather than administrative expenses.
Comparative amounts have therefore been reclassified to conform with the current period presentation.
The reclassification has no impact on gross assets, net assets, profit for the period, total equity or cash flows.
The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £30,272 (2024 - £6,914). Contributions totalling £13,076 (2024 - £3,788) were payable to the fund at the reporting date and are included in creditors.
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Commitments under operating leases
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At 31 December 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
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Later than 1 year and not later than 5 years
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Page 10
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SCISSERO LAW LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2025
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Related party transactions
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At the year end £52 (2024: £83) was due to Casperaki Multimedia Solutions Ltd, a related party by virtue of having M Strasser as a common director.
At the year end £593,867 (2024: £210,443) was due to Fincap Law P.C., a related party by virtue of having M Strasser as a common director.
At the year end £34 (2024: £nil) was due from Strasser, Bellaviti, Frye Ltd, a related party by virtue of having M Strasser as a common director.
At the year end £2,010,360 (2024: £1,440,625 due to) was due from Scissero Limited, a related party by virtue of having M Strasser as a common director. The nature of the transactions that took place throughout the period related to loans being issued to Scissero Ltd in order to support ongoing operations. The funds will be recovered in the future as Scissero Ltd becomes more profitable from funding issued by Scissero Law Ltd. It is appropriate to assess that these funds are repayable upon demand due to the two companies being commonly controlled.
At the year end £33,134 (2024: £32,935) was due from DG Ventures Holdings 2 Limited, a related party by virtue of having M Strasser as a common director.
The amounts stated above are deemed to be interest free and repayable upon demand.
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Post balance sheet events
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After the balance sheet date, the company entered into new lease agreements for office premises in London and Manchester. As these agreements were entered into after the reporting date, no adjustment has been made to these financial statements.
Page 11
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