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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 1 APRIL 2019 TO 30 JUNE 2020 |
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STONE & STONE SOLICITORS LLP |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 1 APRIL 2019 TO 30 JUNE 2020 |
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FOR |
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STONE & STONE SOLICITORS LLP |
STONE & STONE SOLICITORS LLP (REGISTERED NUMBER: OC395104) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 APRIL 2019 TO 30 JUNE 2020 |
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General Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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STONE & STONE SOLICITORS LLP |
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GENERAL INFORMATION |
FOR THE PERIOD 1 APRIL 2019 TO 30 JUNE 2020 |
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DESIGNATED MEMBERS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
34-40 High Street |
Wanstead |
London |
E11 2RJ |
STONE & STONE SOLICITORS LLP (REGISTERED NUMBER: OC395104) |
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BALANCE SHEET |
30 JUNE 2020 |
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2020 | 2019 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank | 6 |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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NET ASSETS ATTRIBUTABLE TO
MEMBERS |
198,005 |
102,235 |
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LOANS AND OTHER DEBTS DUE TO
MEMBERS |
9 |
198,005 |
102,235 |
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TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 9 | 198,005 | 102,235 |
Amounts due from members | 5 | (117,645 | ) | (39,069 | ) |
80,360 | 63,166 |
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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. |
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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. |
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The financial statements were approved by the members of the LLP and authorised for issue on
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STONE & STONE SOLICITORS LLP (REGISTERED NUMBER: OC395104) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 APRIL 2019 TO 30 JUNE 2020 |
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1. | STATUTORY INFORMATION |
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Stone & Stone 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. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Revenue recognition |
Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for services supplied, net of returns, discounts and value added taxes. Revenue is recognised in the accounting period in which the services were rendered. |
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Tangible fixed assets |
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Computer equipment | - |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
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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. |
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3. | EMPLOYEE INFORMATION |
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The average number of employees during the period was
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4. | TANGIBLE FIXED ASSETS |
Computer |
equipment |
£ |
COST |
At 1 April 2019 |
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Additions |
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Disposals | ( |
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At 30 June 2020 |
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DEPRECIATION |
At 1 April 2019 |
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Charge for period |
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Eliminated on disposal | ( |
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At 30 June 2020 |
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NET BOOK VALUE |
At 30 June 2020 |
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At 31 March 2019 |
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STONE & STONE SOLICITORS LLP (REGISTERED NUMBER: OC395104) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 APRIL 2019 TO 30 JUNE 2020 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Trade debtors |
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Amounts owed by related party | 123,928 | - |
Amounts due from members | 117,645 | 39,069 |
Prepayments and accrued income |
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6. | CASH AT BANK |
2020 | 2019 |
£ | £ |
Office account | 50,895 | 19,071 |
Client bank account | 149,814 | 3,289,934 |
Business reserve account | - | 13,045 |
Bank account no. 4 | - | 3,502 |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Bank loans and overdrafts |
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Amounts owed to related party | 7,873 | 12,343 |
Social security and other taxes |
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VAT | 37,477 | 4,819 |
Other creditors |
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Amounts due to clients | 149,814 | 3,289,934 |
Accrued expenses |
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Amounts due to clients relate to monies held in the general client bank account. |
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8. | LEASING AGREEMENTS |
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Minimum lease payments under non-cancellable operating leases fall due as follows: |
2020 | 2019 |
£ | £ |
Within one year |
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Between one and five years |
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In more than five years |
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9. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
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Loans and other debts due to members rank equally with other creditors. |