Company No: 08977176 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Anthony John Corps
	David Charles Hallam
	Thomas St.John Henry
	Philip John Robinson

REGISTERED OFFICE	Tudor Court Opus Avenue
	York Business Park
	York
	YO26 6RS
	United Kingdom

COMPANY NUMBER

08977176 (England and Wales)

ACCOUNTANT	IWC Professional Ltd Chartered Certified Accountants
	Wellington House
	Aviator Court
	York
	YO30 4UZ

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	4	47,525		56,927
Investments	5	200,000		200,000
		247,525		256,927
Current assets
Stocks	6	375,771		459,264
Debtors	7	466,456		429,948
Cash at bank and in hand	8	777,602		412,816
		1,619,829		1,302,028
Creditors: amounts falling due within one year	9	( 842,668)		( 696,113)
Net current assets		777,161		605,915
Total assets less current liabilities		1,024,686		862,842
Creditors: amounts falling due after more than one year	10	0		( 13,609)
Provision for liabilities	11, 12	( 110,396)		( 62,429)
Net assets		914,290		786,804
Capital and reserves
Called-up share capital	13	995		995
Share premium account		199,889		199,889
Capital redemption reserve		111		111
Profit and loss account		713,295		585,809
Total shareholders' funds		914,290		786,804

For the financial year ending 31 December 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge 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 Hethertons Solicitors Ltd (registered number: 08977176) were approved and authorised for issue by the Board of Directors on 14 September 2026. They were signed on its behalf by:

David Charles Hallam Director		Thomas St.John Henry Director
Anthony John Corps Director		Philip John Robinson 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

Hethertons Solicitors Ltd (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 Tudor Court Opus Avenue, York Business Park, York, YO26 6RS, 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 £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

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 current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

10 years straight line

Goodwill

Goodwill arises on business combination and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis over its useful economic life, which is [number] years.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. 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:

Plant and machinery	15 % reducing balance
Fixtures and fittings	15 % reducing balance
Computer equipment	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.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Stocks

Work in progress is calculated by reference of the unbilled time spent on the clients affairs at the accounting date. The cost is calculated from the employee's salary and associated direct costs together with a proportion of the overheads incurred. Provision is made for irrecoverable time and is immediately recognised in the profit and loss account.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

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.

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.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	45		42

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 January 2025	1,255,000		1,255,000
At 31 December 2025	1,255,000		1,255,000
Accumulated amortisation
At 01 January 2025	1,255,000		1,255,000
At 31 December 2025	1,255,000		1,255,000
Net book value
At 31 December 2025	0		0
At 31 December 2024	0		0

4. Tangible assets

	Plant and machinery		Fixtures and fittings		Computer equipment		Total
	£		£		£		£
Cost
At 01 January 2025	40,985		61,942		142,862		245,789
Additions	0		4,197		7,150		11,347
At 31 December 2025	40,985		66,139		150,012		257,136
Accumulated depreciation
At 01 January 2025	29,000		47,366		112,496		188,862
Charge for the financial year	1,797		2,361		16,591		20,749
At 31 December 2025	30,797		49,727		129,087		209,611
Net book value
At 31 December 2025	10,188		16,412		20,925		47,525
At 31 December 2024	11,985		14,576		30,366		56,927

5. Fixed asset investments

	Other investments		Total
	£		£
Cost or valuation before impairment
At 01 January 2025	200,000		200,000
At 31 December 2025	200,000		200,000
Carrying value at 31 December 2025	200,000		200,000
Carrying value at 31 December 2024	200,000		200,000

6. Stocks

	2025		2024
	£		£
Work in progress	375,771		459,264

7. Debtors

	2025		2024
	£		£
Trade debtors	214,457		258,682
Amounts owed by related parties	80,100		67,269
Other debtors	171,899		103,997
	466,456		429,948

8. Cash and cash equivalents

	2025		2024
	£		£
Cash at bank and in hand	777,602		412,816

9. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	4,388		5,074
Amounts owed to Group undertakings	250		11,565
Taxation and social security	345,961		327,466
Other creditors	492,069		352,008
	842,668		696,113

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

	2025		2024
	£		£
Other creditors	0		13,609

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

11. Provision for liabilities

	2025		2024
	£		£
Deferred tax	10,396		12,429
Other provisions	100,000		50,000
	110,396		62,429

12. Deferred tax

	2025		2024
	£		£
At the beginning of financial year	( 12,429)		( 17,267)
Credited to the Statement of Income and Retained Earnings	2,033		4,838
At the end of financial year	( 10,396)		( 12,429)

13. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
990 Ordinary shares of £ 1.00 each	990		990
1 Ordinary A share of £ 1.00	1		1
1 Ordinary B share of £ 1.00	1		1
1 Ordinary C share of £ 1.00	1		1
1 Ordinary D share of £ 1.00	1		1
1 Ordinary E share of £ 1.00	1		1
	995		995