Anderson Law LLP Filleted accounts for Companies House (small and micro)

REGISTERED NUMBER: OC363977

ANDERSON LAW LLP

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 March 2026

ANDERSON LAW LLP

DESIGNATED MEMBERS AND PROFESSIONAL ADVISERS

Designated members	M S Anderson
	P M Maclennan
	L R Allebone
	A N Humphries

Registered office	Wittenham Suite Manor House
	Howbery Park
	Wallingford
	Oxon
	England
	OX10 8BA

Accountants	Streets LLP
	Chartered Accountants
	Tower House
	Lucy Tower Street
	Lincoln
	Lincolnshire
	LN1 1XW

ANDERSON LAW LLP

STATEMENT OF FINANCIAL POSITION

31 March 2026

	2026		2025
Note	£	£	£

Fixed assets

Tangible assets	5		41,373	50,097

Current assets

Debtors	6	802,024	677,989
Cash at bank and in hand		565,132	456,142
		------------	------------
		1,367,156	1,134,131

Creditors: Amounts falling due within one year	7	85,102		109,804
		------------		------------
Net current assets			1,282,054	1,024,327
			------------	------------
Total assets less current liabilities			1,323,427	1,074,424
			------------	------------
Net assets			1,323,427	1,074,424
			------------	------------

Represented by:

Loans and other debts due to members

Members' capital classified as a liability	8	1,323,427	1,074,424
Other amounts	8	–	–
		------------	------------
		1,323,427	1,074,424
		------------	------------

Members' other interests

Other reserves	–	–
	------------	------------
	1,323,427	1,074,424
	------------	------------

Total members' interests

Loans and other debts due to members	8	1,323,427	1,074,424
Members' other interests		–	–
		------------	------------
		1,323,427	1,074,424
		------------	------------

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

In accordance with section 444 of the Companies Act 2006 (as applied to LLPs), the statement of comprehensive income has not been delivered.

For the year ending 31 March 2026 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008) relating to small LLPs.

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of financial statements .

ANDERSON LAW LLP

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2026

These financial statements were approved by the members and authorised for issue on 23 October 2026 , and are signed on their behalf by:

M S ANDERSON P M MACLENNAN L R ALLEBONE

A N HUMPHRIES

Registered number: OC363977

ANDERSON LAW LLP

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2026

1.	General information

The LLP is registered in England and Wales. The address of the registered office is Wittenham Suite Manor House, Howbery Park, Wallingford, Oxon, OX10 8BA, England.

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', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP 2021).

3.	Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis 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. The actual outcome may diverge from these estimates if other assumptions are made, or other conditions arise. - Significant judgements There were no significant judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies. - Key sources of estimation uncertainty Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows: (i) Amounts recoverable on contracts Amounts recoverable on contracts represent services provided during the year, which at the balance sheet date have not been billed to clients. Assumptions have to be made regarding the recoverability of these services, and this is based upon recent historic recovery rates calculated at the time of preparing the accounts. (ii) Depreciation charges The annual depreciation charge for tangible assets is sensitive to changes in the useful economic lives and residual values of the assets. These are reviewed periodically by the members to ensure that they reflect both external and internal factors.

Revenue recognition

The turnover shown in the profit and loss account represents work done during the year, exclusive of Value Added Tax. Services provided during the year, which at the balance sheet date have not been billed to clients, have been recognised as turnover and included in the balance sheet as amounts recoverable on contracts. Turnover recognised in this manner is based upon an assessment of the fair value of the services provided at the balance sheet date as a proportion of the total value of the engagement. .

Members' participation rights

Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).

Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with Section 22 of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships'. A member's participation right results in a liability unless the right to any payment is discretionary on the part of the LLP.

Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.

Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the statement of comprehensive income in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the statement of financial position.

Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the statement of comprehensive income and are equity appropriations in the statement of financial position.

Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment.

All amounts due to members that are classified as liabilities are presented in the statement of financial position within 'Loans and other debts due to members' and are charged to the statement of comprehensive income within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the statement of financial position within 'Members' other interests'.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

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:

Motor Vehicles	-	25% reducing balance
Equipment	-	10% straight line

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.

Financial instruments

The LLP has chosen to adopt the Sections 11 and 12 of FRS 102 in respect of financial instruments. A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. - Financial assets Basic financial assets, including trade and other receivables, cash and bank balances, loans to fellow group entities and investments 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 receipts discounted at a market rate of interest for a similar debt instrument. Such assets are subsequently carried at amortised cost, using the effective interest method. 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. - Financial liabilities Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group entities and preference shares that are classified as debt are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument 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, using the effective interest method. Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

4.	Particulars of employees

The average number of persons employed by the LLP during the year, including the members with contracts of employment, amounted to 12 (2025: 13 ).

5.	Tangible assets

	Motor vehicles	Equipment	Total
	£	£	£
Cost
At 1 April 2025	63,947	75,540	139,487
Additions	–	2,264	2,264
Disposals	–	( 3,076)	( 3,076)
	--------	--------	---------
At 31 March 2026	63,947	74,728	138,675
	--------	--------	---------
Depreciation
At 1 April 2025	52,757	36,633	89,390
Charge for the year	2,797	6,979	9,776
Disposals	–	( 1,864)	( 1,864)
	--------	--------	---------
At 31 March 2026	55,554	41,748	97,302
	--------	--------	---------
Carrying amount
At 31 March 2026	8,393	32,980	41,373
	--------	--------	---------
At 31 March 2025	11,190	38,907	50,097
	--------	--------	---------

6.	Debtors

	2026	2025
	£	£
Trade debtors	417,285	196,342
Other debtors	384,739	481,647
	---------	---------
	802,024	677,989
	---------	---------

7. Creditors: Amounts falling due within one year

	2026	2025
	£	£
Trade creditors	13,426	2,410
Social security and other taxes	71,247	71,324
Other creditors	429	36,070
	--------	---------
	85,102	109,804
	--------	---------

8.	Loans and other debts due to members

	2026	2025
	£	£
Other amounts	1,373,524	1,158,496
	------------	------------

9.	Controlling party

The partnership was under the control of the members throughout the current and previous year.