Fonseca Solicitors Ltd Company accounts

COMPANY REGISTRATION NUMBER: 13983124

Fonseca Solicitors Ltd

Unaudited Financial Statements

30 June 2026

Fonseca Solicitors Ltd

Financial Statements

Year ended 30 June 2026

Contents	Page

Directors' report	1

Income statement	2

Statement of financial position	3

Statement of changes in equity	5

Notes to the financial statements	6

Fonseca Solicitors Ltd

Directors' Report

Year ended 30 June 2026

The directors present their report and the unaudited financial statements of the company for the year ended 30 June 2026 .

Directors

The directors who served the company during the year were as follows:

Ms E Baldwin
Ms S Baldwin

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 1 October 2026 and signed on behalf of the board by:

Ms E Baldwin	Ms S Baldwin
Director	Director

Registered office:

St Mary's Chambers

Monk Street

Abergavenny

NP7 5ND

Fonseca Solicitors Ltd

Income Statement

Year ended 30 June 2026

	2026	2025
Note	£	£
Turnover	683,658	786,928

	---------	---------
Gross profit	683,658	786,928

Administrative expenses	390,873	459,273
	---------	---------
Operating profit	292,785	327,655

Other interest receivable and similar income		37,734	72,025
		---------	---------
Profit before taxation	5	330,519	399,680

Tax on profit	6	84,326	100,561
		---------	---------
Profit for the financial year		246,193	299,119
		---------	---------

All the activities of the company are from continuing operations.

The company has no other recognised items of income and expenses other than the results for the year as set out above.

Fonseca Solicitors Ltd

Statement of Financial Position

30 June 2026

	2026	2025
Note	£	£

Fixed assets

Intangible assets	7	32,220	37,590
Tangible assets	8	5,997	7,416
		--------	--------
		38,217	45,006

Current assets

Stocks		21,582	28,201
Debtors	9	85,791	60,241
Cash at bank and in hand		406,725	345,476
		---------	---------
		514,098	433,918

Creditors: amounts falling due within one year	10	130,617	174,919
		---------	---------
Net current assets		383,481	258,999
		---------	---------
Total assets less current liabilities		421,698	304,005
		---------	---------
Net assets		421,698	304,005
		---------	---------

Capital and reserves

Called up share capital	1,002	1,002
Profit and loss account	420,696	303,003
	---------	---------
Shareholders funds	421,698	304,005
	---------	---------

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

For the year ending 30 June 2026 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 year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Fonseca Solicitors Ltd

Statement of Financial Position (continued)

30 June 2026

These financial statements were approved by the board of directors and authorised for issue on 1 October 2026 , and are signed on behalf of the board by:

Ms E Baldwin	Ms S Baldwin
Director	Director

Company registration number: 13983124

Fonseca Solicitors Ltd

Statement of Changes in Equity

Year ended 30 June 2026

	Called up share capital	Profit and loss account	Total
	£	£	£
At 1 July 2024	1	161,884	161,885

Profit for the year		299,119	299,119
	----	---------	---------
Total comprehensive income for the year	–	299,119	299,119

Issue of shares	1,001	–	1,001
Dividends paid and payable	–	( 158,000)	( 158,000)
	-------	---------	---------
Total investments by and distributions to owners	1,001	( 158,000)	( 156,999)

At 30 June 2025	1,002	303,003	304,005

Profit for the year		246,193	246,193
	-------	---------	---------
Total comprehensive income for the year	–	246,193	246,193

Dividends paid and payable	–	( 128,500)	( 128,500)
	----	---------	---------
Total investments by and distributions to owners	–	( 128,500)	( 128,500)

	-------	---------	---------
At 30 June 2026	1,002	420,696	421,698
	-------	---------	---------

Fonseca Solicitors Ltd

Notes to the Financial Statements

Year ended 30 June 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is St Mary's Chambers, Monk Street, Abergavenny, NP7 5ND.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	20% reducing balance

Impairment of fixed 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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2025: 4 ).

5. Profit before taxation

Profit before taxation is stated after charging:

	2026	2025
	£	£
Amortisation of intangible assets	5,370	5,370
Depreciation of tangible assets	1,765	1,641
	-------	-------

6. Tax on profit

Major components of tax expense

	2026	2025
	£	£

Current tax:

UK current tax expense	84,326	100,561
	--------	---------
Tax on profit	84,326	100,561
	--------	---------

Reconciliation of tax expense

The tax assessed on the profit on ordinary activities for the year is higher than (2025: higher than) the standard rate of corporation tax in the UK of 25 % (2025: 25 %).

	2026	2025
	£	£
Profit on ordinary activities before taxation	330,519	399,680
	---------	---------
Profit on ordinary activities by rate of tax	82,629	99,796
Effect of expenses not deductible for tax purposes	–	136
Effect of capital allowances and depreciation	1,697	629
	---------	---------
Tax on profit	84,326	100,561
	---------	---------

7. Intangible assets

	Goodwill
	£
Cost
At 1 July 2025 and 30 June 2026	53,700
	--------
Amortisation
At 1 July 2025	16,110
Charge for the year	5,370
	--------
At 30 June 2026	21,480
	--------
Carrying amount
At 30 June 2026	32,220
	--------
At 30 June 2025	37,590
	--------

8. Tangible assets

	Equipment
	£
Cost
At 1 July 2025	11,622
Additions	346
	--------
At 30 June 2026	11,968
	--------
Depreciation
At 1 July 2025	4,206
Charge for the year	1,765
	--------
At 30 June 2026	5,971
	--------
Carrying amount
At 30 June 2026	5,997
	--------
At 30 June 2025	7,416
	--------

9. Debtors

	2026	2025
	£	£
Trade debtors	55,829	50,246
Other debtors	29,962	9,995
	--------	--------
	85,791	60,241
	--------	--------

10. Creditors: amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	8,603	3
Trade creditors	3,315	2,125
Corporation tax	84,326	100,685
Social security and other taxes	24,673	24,701
Other creditors	9,700	47,405
	---------	---------
	130,617	174,919
	---------	---------

11. Financial instruments

The carrying amount for each category of financial instrument is as follows:

	2026	2025
	£	£

Financial assets measured at fair value through profit or loss

Financial assets measured at fair value through profit or loss	453,951	395,722
	---------	---------

Financial liabilities measured at fair value through profit or loss

Financial liabilities measured at fair value through profit or loss	12,816	48,860
	--------	--------

12. Directors' advances, credits and guarantees

The directors operates a current loan account with the company, which is debited with payments made by the company on behalf of the director and credited with funds introduced and undrawn director's fees. At the year end, the amount outstanding from the director was £19,012 (2025; £672) this amount being included in debtors: amounts falling within one year. The outstanding amount was repaid within 9 months of the year end.