Aldridge Brownlee Solicitors LLP

Balance Sheet

31 March 2026

For the year ending 31 March 2026 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied to limited liability partnerships, relating to small entities.

These financial statements have been prepared and delivered in accordance with the special provisions within Part 15 of the Companies Act 2006, as applied to small limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, and the option not to file a profit and loss account has been taken.

The members acknowledge their responsibilities for complying with the requirements of the Act, as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 with respect to accounting records and the preparation of accounts.

The financial statements of Aldridge Brownlee Solicitors LLP (registered number OC334502) were approved by the members and authorised for issue on 20 October 2026. They were signed on behalf of the limited liability partnership by:

......................................... R A Hall Designated member

Aldridge Brownlee Solicitors LLP

Notes to the Financial Statements

Year Ended 31 March 2026

1	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

General information and basis of accounting

The limited liability partnership is incorporated in England and Wales under the Limited Liability Partnership Act 2000. The address of the registered office is given on the limited liability partnership information page. The nature of the limited liability partnership’s operations and its principal activities are given in the members’ report.

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The functional currency of Aldridge Brownlee Solicitors LLP is considered to be pounds sterling because that is the currency of the primary economic environment in which the limited liability partnership operates. Foreign operations are included in accordance with the policies set out below.

Revenue recognition

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 at the fair value of the consideration received or receivable, excluding discounts, rebates, VAT and other sales tax or duty. The following criteria must 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; and
- the costs incurred and the costs to complete the contract can be measured reliably.

Revenue which has been recognised, but not invoiced, by the balance sheet date, is included in debtors in "amounts recoverable on contracts".

Aldridge Brownlee Solicitors LLP

Notes to the Financial Statements

Year Ended 31 March 2026

Members' remuneration and division of profits

Profits of the LLP are automatically allocated in full to members. Accordingly, the profit attributable to members is charged as an expense in the Statement of Comprehensive Income. During the year, members receive drawings on account of profits. At the year end, undrawn allocated profits of the LLP are included within loans and other debts due to members. To the extent that any payment of drawings exceeds the amount of profit ultimately found to be due to any member, such excess is reclaimable by the LLP.

Capital is repayable to a member on retirement and, accordingly, is classified as a liability and reflected in the Balance Sheet within "Loans and other debts due to members".

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Freehold property	straight line over 50 years
Leasehold property and improvements	straight line over the life of the lease
Fixtures and fittings	straight line over 5 years
Computer equipment	straight line over 4 years

Land included within freehold property is not depreciated.

Provisions

Provisions are made where an event has taken place that gives the LLP a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the Statement of Comprehensive Income in the year that the LLP becomes aware of the obligation, and are measured at the best estimate at the Balance Sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the Balance Sheet.

Provision is made for estimated dilapidations including reinstatement costs (where there is an obligation to restore premises to their original condition upon vacating them under the terms of the lease). The costs related to repair and maintenance of equipment and properties that are used by the LLP and for which the LLP has responsibility to maintain or may be liable for dilapidation, are written off as they arise.

Provision is made on a case-by-case basis in respect of the costs of defending claims and, where appropriate, the estimated cost of settling claims where such costs are not covered by insurance. Outstanding claims are reviewed each year and adjustments to provisions are made as appropriate in the current year.

In common with comparable businesses, the LLP is involved in a number of disputes in the ordinary course of business which may give rise to claims. The LLP carries professional indemnity insurance and no separate disclosure is made of the costs of claims covered by insurance as to do so would seriously prejudice the position of the LLP.

Aldridge Brownlee Solicitors LLP

Notes to the Financial Statements

Year Ended 31 March 2026

Members' interests

Amounts due to members after more than one year comprise provisions for annuities to current members and certain loans from members which are not repayable within twelve months of the balance sheet date.

Financial instruments

Classification

All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a finance transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

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 limited liability partnership intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Fair value measurement

The best evidence of fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a recent transaction for an identical asset provides evidence of fair value as long as there has not been a significant change in economic circumstances or a significant lapse of time since the transaction took place. If the market is not active and recent transactions of an identical asset on their own are not a good estimate of fair value, the fair value is estimated by using a valuation technique.

2	Particulars of employees

The average number of persons employed by the limited liability partnership during the year was 59 (2025 - 53).

Aldridge Brownlee Solicitors LLP

Notes to the Financial Statements

Year Ended 31 March 2026

3	Tangible fixed assets

	Freehold land and buildings £	Short leasehold land and buildings £	Fixtures and fittings £	Office equipment £	Total £
Cost or valuation
At 1 April 2025	784,809	234,566	136,708	659,097	1,815,180
Additions	-	-	7,659	5,134	12,793
At 31 March 2026	784,809	234,566	144,367	664,231	1,827,973
Depreciation
At 1 April 2025	69,809	228,797	124,587	628,617	1,051,810
Charge for the year	12,194	1,259	5,307	9,821	28,581
At 31 March 2026	82,003	230,056	129,894	638,438	1,080,391
Net book value
At 31 March 2026	702,806	4,510	14,473	25,793	747,582
At 31 March 2025	715,000	5,769	12,121	30,480	763,370

Revaluation

The fair value of the limited liability partnership's freehold property was revalued on 31 March 2025 by an independent valuer. The name and qualification of the independent valuer are Fulljames & Slade, Chartered Valuation Surveyors.
 

The historical cost of the freehold property was £520,111.

Aldridge Brownlee Solicitors LLP

Notes to the Financial Statements

Year Ended 31 March 2026

4

Debtors

	2026  £	2025  £
Trade debtors	479,336	435,195
Amounts recoverable on contracts	1,025,528	1,110,773
Prepayments and accrued income	316,190	192,660
Total current trade and other debtors	1,821,054	1,738,628

5	Creditors: Amounts falling due within one year

	2026  £	2025  £
Bank loans and overdrafts	20,834	50,000
Trade creditors	7,970	9,616
Taxation and social security	329,471	206,917
Other creditors	574,468	450,387
Accruals and deferred income	161,909	166,422
	1,094,652	883,342