REGISTERED NUMBER: OC382130 (England and Wales)

REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

GOODMAN RAY SOLICITORS LLP

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

Designated members:

Ms J Dally

Ms T Featherstone

Registered office:

Francis Barber House

9 Gough Square

London

EC4A 3DG

Registered number:

OC382130 (England and Wales)

Accountants:

Rock Tax & Accounting

Chartered Accountants and Statutory Auditors

Elm House, Tanshire Park

Shackleford Road

Elstead

Godalming

Surrey

GU8 6LB

The members present their report with the financial statements of the LLP for the year ended 31 March 2026.

Principal activity

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

Designated members

The designated members during the year under review were:

Ms J Dally

Ms T Featherstone

Ms P R Ray

Results for the year and allocation to members

The profit for the year before members' remuneration and profit shares was £977,207 (2025 - £1,174,844 profit).

Members' interests

Each member's subscription to the capital of the LLP is determined by their share of the profit and is repayable following retirement from the LLP.

Members are remunerated from the profits of the LLP and are required to make their own provision for taxation, pensions and other benefits. Profits are allocated and divided between members after finalisation of the financial statements. Members draw a proportion of their profit shares monthly during the year in which it is made, with the balance of profits being distributed after the year, subject to the cash requirements of the business.

On behalf of the members:

Ms T Featherstone - Designated member

21 September 2026

Turnover

5,123,637

5,311,336

Administrative expenses

(4,223,487

)

(4,237,479

)

900,150

1,073,857

Other operating income

68,610

92,034

Operating profit

4

968,760

1,165,891

Interest receivable and similar income

12,522

17,128

981,282

1,183,019

Interest payable and similar expenses

(4,075

)

(8,175

)

Profit for the financial year before members' remuneration and profit shares

977,207

1,174,844

Profit for the financial year before members' remuneration and profit shares

977,207

1,174,844

Members' remuneration charged as an expense

5

(977,207

)

(1,174,844

)

Profit for the financial year available for discretionary division among members

-

-

Fixed assets

Tangible assets

6

92,820

43,444

Current assets

Work in progress

1,595,391

1,135,746

Debtors

7

1,473,079

1,420,225

Cash at bank and in hand

1,170,571

104,298

4,239,041

2,660,269

Creditors

Amounts falling due within one year

8

3,165,312

1,316,125

Net current assets

1,073,729

1,344,144

Total assets less current liabilities

and

Net assets attributable to members

1,166,549

1,387,588

Creditors

Amounts falling due after more than one year

9

14,278

17,611

Loans and other debts due to members

10

1,152,271

1,369,977

Total members' interests

Loans and other debts due to members

10

1,152,271

1,369,977

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 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 10 September 2026 and were signed by:

Ms T Featherstone - Designated member

1.	Statutory information

Goodman Ray 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.

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.

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the LLP and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- The amount of revenue can be measured reliably;

- It is probable that the LLP will receive the consideration due under the contract;

- The stage of completion of the contract at the end of the reporting period can be measured reliably.

Tangible fixed assets

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

Long leasehold

-

straight line over 3 years

Fixtures and fittings

-

3-5 years

Motor vehicles

-

15% on cost

Computer equipment

-

3-5 years

Work in progress

Work in progress is stated at the estimated selling price less costs to complete and sell. Work in progress include labour and attributable overheads.

At each balance sheet date, work in progress is assessed for recoverability and impairment. If work in progress is impaired, the carrying amount is reduced to its recoverable value. The impairment loss is recognised immediately in profit and loss.

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.

3.	Employee information

The average number of employees during the year was 45 (2025 - 41 ) .

4.	Operating profit

The operating profit is stated after charging:

31.3.26

31.3.25

£

£

Depreciation - owned assets

29,613

25,074

5.	Information in relation to members

31.3.26

31.3.25

£

£

Members' remuneration charged as an expense

Automatic division of profit

977,207

1,174,844

6.	Tangible fixed assets

Fixtures

Long

and

Motor

Computer

leasehold

fittings

vehicles

equipment

Totals

£

£

£

£

£

Cost

At 1 April 2025

118,607

68,200

-

67,014

253,821

Additions

-

409

75,848

2,906

79,163

Disposals

-

(497

)

-

-

(497

)

At 31 March 2026

118,607

68,112

75,848

69,920

332,487

Depreciation

At 1 April 2025

118,607

41,597

-

50,173

210,377

Charge for year

-

13,421

3,792

12,400

29,613

Eliminated on disposal

-

(323

)

-

-

(323

)

At 31 March 2026

118,607

54,695

3,792

62,573

239,667

Net book value

At 31 March 2026

-

13,417

72,056

7,347

92,820

At 31 March 2025

-

26,603

-

16,841

43,444

7.

Debtors: amounts falling due within one year

31.3.26

31.3.25

£

£

Trade debtors

983,095

853,854

Other debtors

489,984

566,371

1,473,079

1,420,225

8.

Creditors: amounts falling due within one year

31.3.26

31.3.25

£

£

Bank loans and overdrafts

38,575

14,917

Trade creditors

379,845

507,107

Taxation and social security

430,355

309,921

Other creditors

2,316,537

484,180

3,165,312

1,316,125

Included in other creditors is a £2,049,819 loan from the LAA. This is being repaid in equal weekly instalments with the final repayment due on 5 July 2027.

9.

Creditors: amounts falling due after more than one year

31.3.26

31.3.25

£

£

Bank loans

-

3,333

Other creditors

14,278

14,278

14,278

17,611

10.

Loans and other debts due to members

Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.