Clapham & Collinge LLP - LLP accounts 24.3

REGISTERED NUMBER: OC373858 (England and Wales)

REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2026

FOR

CLAPHAM & COLLINGE LLP

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Reconciliation of Members' Interests

5

Notes to the Financial Statements

7

DESIGNATED MEMBERS:

Mr M C Kermez

Miss L J Whitehead

Mr N Grearson

Miss R A Farman

REGISTERED OFFICE:

St Catherines House

All Saints Green

Norwich

Norfolk

NR1 3GA

REGISTERED NUMBER:

OC373858 (England and Wales)

ACCOUNTANTS:

Sexty & Co

Chartered Certified Accountants

124 Thorpe Road

Norwich

Norfolk

NR1 1RS

The members present their report with the financial statements of the LLP for the year ended 30 April 2026.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of providing legal services.

DESIGNATED MEMBERS

The designated members during the year under review were:

Mr B J Lowe

Mr M C Kermez

Mrs L J Whitehead

Mr N Grearson

Miss R A Farman

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £1,015,212 (2025 - £1,461,032 profit).

MEMBERS' INTERESTS

The limited liability partnership operates a drawings policy which has regard to a cautious estimate of budgeted profits and restricts drawings to prudent levels until the results for the year and individual members' allocations have been determined. In addition, the Membership Agreement provides a framework for further restriction of drawings under circumstances where the cash requirements of the business need to take priority over the cash needs of the members.

Members' capital requirements are determined from time to time by having regard to the short, medium and long term needs of the firm. Other than in rare and exceptional cases, members' capital is only repaid following retirement.

ON BEHALF OF THE MEMBERS:

Mr M C Kermez - Designated member

21 September 2026

TURNOVER

3,851,466

4,100,298

Cost of sales

1,757,116

1,646,493

GROSS PROFIT

2,094,350

2,453,805

Administrative expenses

1,471,162

1,436,946

OPERATING PROFIT

623,188

1,016,859

Interest receivable and similar income

392,024

444,173

PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES

1,015,212

1,461,032

PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES

1,015,212

1,461,032

Members' remuneration charged as an
expense

5

(898,366

)

(1,301,032

)

PROFIT FOR THE FINANCIAL YEAR
AVAILABLE FOR DISCRETIONARY
DIVISION AMONG MEMBERS

116,846

160,000

FIXED ASSETS

Intangible assets

6

-

Tangible assets

7

47,865

68,437

47,865

68,437

CURRENT ASSETS

Debtors

8

978,133

1,028,162

Cash at bank and in hand

1,073

55,068

979,206

1,083,230

CREDITORS

Amounts falling due within one year

9

644,203

541,315

NET CURRENT ASSETS

335,003

541,915

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO
MEMBERS

382,868

610,352

LOANS AND OTHER DEBTS DUE TO
MEMBERS

11

382,868

610,352

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

11

382,868

610,352

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 30 April 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 in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 21 September 2026 and were signed by:

Mr M C Kermez - Designated member

EQUITY

DEBT

TOTAL

Members'

Loans and other debts due to

MEMBERS'

other

members less any amounts due

INTERESTS

interests

from members in debtors

Members'

capital

Other

(classified

Other

reserves

as debt)

amounts

Total

£

Amount due to members

255,000

355,352

610,352

Amount due from members

-

Balance at 1 May 2025

-

255,000

355,352

610,352

Members' remuneration charged
as an expense, including
employment and retirement
benefit costs

-

898,366

Profit for the financial year
available for discretionary
division among members

116,846

-

116,846

Members' interests after profit
for the year

116,846

255,000

1,253,718

1,508,718

1,625,564

Other divisions of profit

(116,846

)

-

116,846

-

Rent credited

-

11,550

Repayment of capital

-

(10,000

)

-

(10,000

)

(10,000

)

Drawings on account and
distributions of profit

-

(1,244,246

)

(1,244,246

)

(1,244,246

)

Amount due to members

245,000

137,868

382,868

Amount due from members

-

Balance at 30 April 2026

-

245,000

137,868

382,868

EQUITY

DEBT

TOTAL

Members'

Loans and other debts due to

MEMBERS'

other

members less any amounts due

INTERESTS

interests

from members in debtors

Members'

capital

Other

(classified

Other

reserves

as debt)

amounts

Total

£

Amount due to members

255,000

324,479

579,479

Amount due from members

-

Balance at 1 May 2024

-

255,000

324,479

579,479

Members' remuneration charged
as an expense, including
employment and retirement
benefit costs

-

1,301,032

Profit for the financial year
available for discretionary
division among members

160,000

-

160,000

Members' interests after profit
for the year

160,000

255,000

1,625,511

1,880,511

2,040,511

Other divisions of profit

(160,000

)

-

160,000

-

Rent credited

-

11,550

Drawings on account and
distributions of profit

-

(1,441,709

)

(1,441,709

)

(1,441,709

)

Amount due to members

255,000

355,352

610,352

Amount due from members

-

Balance at 30 April 2025

-

255,000

355,352

610,352

1.	STATUTORY INFORMATION

Clapham & Collinge LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

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 under the historical cost convention.

Turnover

Turnover represents fee income earned from the provision of legal services in the United Kingdom, and is stated net of value added tax and reflects the fair value of services provided to each client, including expenses and disbursements, based on the stage of completion of each assignment at the balance sheet date.

Services provided during the year to clients which at the balance sheet date have not yet been billed, are recognised as amounts recoverable on contracts. Provision is made against unbilled amounts on those client engagements where the right to receive consideration is contingent on factors outside the control of the limited liability partnership.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of businesses in 2007, is being written off evenly over its estimated useful life.

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 each asset over its estimated useful life.

Improvements to leasehold property - 20% on cost

Office equipment - 25% on reducing balance

Computer equipment - 25% on cost

Taxation

The taxation payable on the profits of the limited liability partnership is the personal liability of the members and consequently neither taxation or related deferred taxation are provided for in the financial statements.

Sums set aside in respect of members' tax obligations are included in the balance sheet within loans and other debts due to members.

Members' capital

Members' capital is repayable and is therefore classified as a liability. Other than in exceptional cases, it is not repaid until after retirement. Typically capital is repaid within three years of serving notice, and members' capital is therefore shown as being due after more than one year notwithstanding that repayment could be made earlier at the discretion of the members.

Members’ remuneration

Associate members

The share of profits payable to associate members is discretionary on the part of the limited liability partnership and are reported as 'members' other interests'

Full members

Profit remaining after sums allocated to associate members is automatically allocated and are treated as members’ remuneration charged as an expense to the profit and loss account.

Operating leases

Rentals payable and receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

4.	EMPLOYEE INFORMATION

The average number of employees during the year was 58 (2025 - 58 ) .

5.	INFORMATION IN RELATION TO MEMBERS

2026

2025

£

Members' remuneration charged as an expense

Partners' salaries as an

expense

16,976

19,469

Automatic division of profit

881,390

1,281,563

Total remuneration

898,366

1,301,032

6.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2025

and 30 April 2026

104,286

AMORTISATION

At 1 May 2025

and 30 April 2026

104,286

NET BOOK VALUE

At 30 April 2026

-

At 30 April 2025

-

7.	TANGIBLE FIXED ASSETS

Improvements

to

leasehold

Office

Computer

property

Equipment

equipment

Totals

£

COST

At 1 May 2025

182,451

50,711

313,816

546,978

Additions

-

2,256

51

2,307

Disposals

-

(8,195

)

(8,195

)

At 30 April 2026

182,451

52,967

305,672

541,090

DEPRECIATION

At 1 May 2025

182,411

45,732

250,398

478,541

Charge for year

-

1,591

21,279

22,870

Eliminated on disposal

-

(8,186

)

(8,186

)

At 30 April 2026

182,411

47,323

263,491

493,225

NET BOOK VALUE

At 30 April 2026

40

5,644

42,181

47,865

At 30 April 2025

40

4,979

63,418

68,437

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

422,786

446,046

Amounts recoverable on contracts

307,357

282,726

Other debtors

247,990

299,390

978,133

1,028,162

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Bank overdraft

60,959

-

Trade creditors

66,662

100,265

Taxation and social security

172,520

164,338

Other creditors

344,062

276,712

644,203

541,315

10.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

Bank overdraft

60,959

-

Debenture containing fixed and floating charges.

11.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2026

2025

£

Amounts owed to members in respect of profits

137,868

355,352

Capital account

245,000

255,000

382,868

610,352

Falling due within one year

137,868

355,352

Falling due after more than one year

245,000

255,000

382,868

610,352

Loans and other debts due to members rank pari passu with unsecured creditors.

12.	OTHER FINANCIAL COMMITMENTS

The LLP has operating lease commitments of £126,450 (2024 - £126,450).