REGISTERED NUMBER: OC341885 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

LAWRENCE AND LAWRENCE LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DESIGNATED MEMBERS:

Mrs P Lawrence

Mr D Lawrence

London and South Property Services Ltd

REGISTERED OFFICE:

The Lynchets

Hurdle Way

Compton

Winchester

Hampshire

SO21 2AN

REGISTERED NUMBER:

OC341885 (England and Wales)

ACCOUNTANTS:

Rothmans LLP

Chartered Accountants

Chilworth Point

1 Chilworth Road

Southampton

Hampshire

SO16 7JQ

FIXED ASSETS

Investment property

4

2,970,000

3,270,000

CURRENT ASSETS

Debtors

5

99,430

92,238

Cash at bank

40,495

43,367

139,925

135,605

CREDITORS

Amounts falling due within one year

6

13,421

18,158

NET CURRENT ASSETS

126,504

117,447

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

3,096,504

3,387,447

LOANS AND OTHER DEBTS DUE TO MEMBERS

7

1,739,828

1,730,771

MEMBERS' OTHER INTERESTS

Revaluation reserve

8

1,356,676

1,656,676

3,096,504

3,387,447

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

1,739,828

1,730,771

Members' other interests

1,356,676

1,656,676

Amounts due from members

5

(83,166

)

(89,012

)

3,013,338

3,298,435

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 1 October 2026 and were signed by:

Mr D Lawrence - Designated member

1.	STATUTORY INFORMATION

Lawrence and Lawrence 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 as modified by the revaluation of certain assets.

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover 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.

TANGIBLE FIXED ASSETS

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

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated

useful lives.

Depreciation is provided on the following basis:

Plant and machinery - 15% reducing balance

Fixtures and Fittings - 15% reducing balance

Computer Equipment - 25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement.

INVESTMENT PROPERTY

Investment properties are properties held to earn rent and or capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of the investment properties are included in the Statement of comprehensive income in the year in which they arise.

FINANCIAL INSTRUMENTS

Basic financial instruments are initially measured at the transaction price, unless the arrangement constitute a financing transaction, when it is measured at the present value of the future repayments and discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2025 - 3 ).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

3,270,000

Revaluations

(300,000

)

At 31 March 2026

2,970,000

NET BOOK VALUE

At 31 March 2026

2,970,000

At 31 March 2025

3,270,000

Fair value at 31 March 2026 is represented by:

£

Valuation in 2024

1,165,041

Valuation in 2025

491,635

Valuation in 2026

(300,000

)

Cost

1,613,324

2,970,000

If the investment properties had not been revalued it would have been included at the following historical cost:

2026

2025

£

£

Cost

1,613,324

1,613,324

Investment property was valued on a fair value basis on 31 March 2026 by the members .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

2,400

425

Amounts owed by group undertakings

10,000

-

Amounts due from members

83,166

89,012

Prepayments and accrued income

3,864

2,801

99,430

92,238

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

383

655

Other creditors

12,942

14,239

Accrued expenses

96

3,264

13,421

18,158

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members (other than members' capital classified as debt) rank pari

passu with other creditors.

8.

RESERVES

Revaluation

reserve

£

At 1 April 2025

1,656,676

Revaluations

(300,000

)

At 31 March 2026

1,356,676

9.	RELATED PARTY DISCLOSURES

During the year, the company split accounting losses of £27,760 (2025 split profits of £58,566) to one of the members in which the ultimate controlling party is another member of the LLP.

As at the balance sheet date, the company was owed £10,000 (2025: NIL) from London & South Property Services Limited which is a company under common control.

The following reproduces the text of the report prepared for the members in respect of the LLP's annual unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Members are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of Lawrence and Lawrence LLP for the year ended 31 March 2026 which comprise the Income Statement, Balance Sheet, Reconciliation of Members' Interests and the related notes from the LLP's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the members of Lawrence and Lawrence LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Lawrence and Lawrence LLP and state those matters that we have agreed to state to the members of Lawrence and Lawrence LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lawrence and Lawrence LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that Lawrence and Lawrence LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Lawrence and Lawrence LLP. You consider that Lawrence and Lawrence LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Lawrence and Lawrence LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Rothmans LLP

Chartered Accountants

Chilworth Point

1 Chilworth Road

Southampton

Hampshire

SO16 7JQ

11 October 2026