REGISTERED NUMBER: OC435829 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

Merritts Solicitors LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DESIGNATED MEMBERS:

Mrs H Baxter

M J Moran

REGISTERED OFFICE:

83 High Street

Yarm

United Kingdom

Cleveland

TS15 9BG

REGISTERED NUMBER:

OC435829 (England and Wales)

ACCOUNTANTS:

Anderson Barrowcliff Limited

Chartered Accountants

3 Kingfisher Court

Bowesfield Park

Stockton on Tees

TS18 3EX

FIXED ASSETS

Tangible assets

4

19,315

24,498

CURRENT ASSETS

Debtors

5

867,986

827,975

Cash at bank and in hand

47,651

131,644

915,637

959,619

CREDITORS

Amounts falling due within one year

6

266,248

376,092

NET CURRENT ASSETS

649,389

583,527

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

668,704

608,025

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

668,704

608,025

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

668,704

608,025

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 Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 8 September 2026 and were signed by:

M J Moran - Designated member

1.	STATUTORY INFORMATION

Merritts 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 currency of the financial statements is £ sterling and is rounded to the nearest £.

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.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, value added tax and other sales taxes, adjusted for opening and closing amounts recoverable on contracts.

Revenue is recognised in accordance with FRS 102. Income is recognised when the LLP has performed the services for it's clients, and has obtained the right to consideration for those services.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on cost

Computer equipment

-

33% on cost

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.

Amounts recoverable on contracts

Amounts recoverable on contracts is calculated based on an assessment of the fair value of the services provided at the Balance Sheet date that have yet to be billed.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 29 (2025 - 29 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2025

6,304

58,331

64,635

Additions

-

7,639

7,639

At 31 March 2026

6,304

65,970

72,274

DEPRECIATION

At 1 April 2025

3,482

36,655

40,137

Charge for year

1,255

11,567

12,822

At 31 March 2026

4,737

48,222

52,959

NET BOOK VALUE

At 31 March 2026

1,567

17,748

19,315

At 31 March 2025

2,822

21,676

24,498

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

379,268

494,517

Amounts recoverable on contract

408,422

268,632

Other debtors

80,296

64,826

867,986

827,975

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

709

41,669

Trade creditors

3,989

12,567

Taxation and social security

192,769

208,513

Other creditors

68,781

113,343

266,248

376,092

7.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

-

41,250

The bank loan is secured by a fixed charge and a floating charge over all the property and undertakings of the LLP.

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2026

2025

£

£

Amounts owed to members in respect of profits

668,704

608,025

Falling due within one year

668,704

608,025

Loans & other debts due to members rank after all unsecured creditors in the event of a winding up.

9.	OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £5,058 (2025:£11,526).