Chris Kallis Solicitors Limited

Contents

Statement of Financial Position	1
Notes to the Unaudited Financial Statements	2 to 7

Chris Kallis Solicitors Limited

(Registration number: 08175941)
Statement of Financial Position as at 30 April 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	5	33,267	12,427
Current assets
Debtors	6	1,438,056	1,225,164
Cash at bank and in hand		534,893	488,847
		1,972,949	1,714,011
Creditors: Amounts falling due within one year	7	(448,571)	(408,855)
Net current assets		1,524,378	1,305,156
Total assets less current liabilities		1,557,645	1,317,583
Provisions for liabilities		(8,317)	(3,107)
Net assets		1,549,328	1,314,476
Capital and reserves
Called up share capital		120	120
Profit and loss account		1,549,208	1,314,356
Shareholders' funds		1,549,328	1,314,476

For the financial year ending 30 April 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the director on 23 October 2026
 

Mr A Kallis Director

Chris Kallis Solicitors Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
33 North Road East
Plymouth
Devon
PL4 6AY

Principal activity

The principal activity of the company is that of personal injury solicitors.

2	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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

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

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the services rendered in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts. Turnover from the sale of services is recognised when a case has been won and the level of damages have been agreed.

Chris Kallis Solicitors Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026 (continued)

2	Accounting policies (continued)

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	25% reducing balance
Computer equipment	25% reducing balance
Improvements to property	10% straight line

Impairment

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.

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Chris Kallis Solicitors Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026 (continued)

2	Accounting policies (continued)

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the statement of comprehensive income over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes 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.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 12 (2025 - 12).

Chris Kallis Solicitors Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026 (continued)

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 May 2025	750,000	750,000
At 30 April 2026	750,000	750,000
Amortisation
At 1 May 2025	750,000	750,000
At 30 April 2026	750,000	750,000
Carrying amount
At 30 April 2026	-	-

5	Tangible assets

	Fixtures and fittings £	Computer equipment £	Total £
Cost or valuation
At 1 May 2025	19,796	54,303	74,099
Additions	5,246	20,351	25,597
At 30 April 2026	25,042	74,654	99,696
Depreciation
At 1 May 2025	14,175	47,497	61,672
Charge for the year	1,943	2,814	4,757
At 30 April 2026	16,118	50,311	66,429
Carrying amount
At 30 April 2026	8,924	24,343	33,267
At 30 April 2025	5,621	6,806	12,427

Chris Kallis Solicitors Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026 (continued)

6

Debtors

	2026 £	2025 £
Trade debtors	62,712	72,628
Amounts owed by related parties	1,333,605	1,124,283
Other debtors	-	8,307
Prepayments	31,739	19,946
Accrued income	10,000	-
	1,438,056	1,225,164

7

Creditors

	2026 £	2025 £
Loans and borrowings	23	-
Taxation and social security	219,540	177,322
Accruals and deferred income	15,111	14,685
Other creditors	213,897	216,848
	448,571	408,855