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Unaudited Financial Statements for the Year Ended 31 March 2020 |
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Adler Family Law Solicitors LLP |
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Unaudited Financial Statements for the Year Ended 31 March 2020 |
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Adler Family Law Solicitors LLP |
Adler Family Law Solicitors LLP (Registered number: OC414663) |
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Contents of the Financial Statements |
for the Year Ended 31 March 2020 |
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General Information | 1 |
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Chartered Accountants' Report | 2 |
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Statement of Financial Position | 3 |
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Notes to the Financial Statements | 5 |
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Adler Family Law Solicitors LLP |
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General Information |
for the Year Ended 31 March 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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Endeavour House |
78 Stafford Road |
Wallington |
Surrey |
SM6 9AY |
Chartered Accountants' Report to the Members |
on the Unaudited Financial Statements of |
Adler Family Law Solicitors LLP |
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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 Statement of Financial Position. 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. |
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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 Adler Family Law Solicitors LLP for the year ended 31 March 2020 which comprise the Income Statement, Statement of Financial Position, Reconciliation of Members' Interests and the related notes from the LLP's accounting records and from information and explanations you have given us. |
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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. |
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This report is made solely to the members of Adler Family Law Solicitors LLP, as a body, in accordance with the terms of our engagement letter dated 24 January 2019. Our work has been undertaken solely to prepare for your approval the financial statements of Adler Family Law Solicitors LLP and state those matters that we have agreed to state to the members of Adler Family Law Solicitors 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 Adler Family Law Solicitors LLP and its members, as a body, for our work or for this report. |
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It is your duty to ensure that Adler Family Law Solicitors 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 profit of Adler Family Law Solicitors LLP. You consider that Adler Family Law Solicitors LLP is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of Adler Family Law Solicitors 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. |
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Endeavour House |
78 Stafford Road |
Wallington |
Surrey |
SM6 9AY |
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Adler Family Law Solicitors LLP (Registered number: OC414663) |
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Statement of Financial Position |
31 March 2020 |
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2020 | 2019 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 5 |
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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 |
580,787 |
409,929 |
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LOANS AND OTHER DEBTS DUE TO
MEMBERS |
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MEMBERS' OTHER INTERESTS |
Capital accounts | 37,568 | 37,568 |
Other reserves |
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580,787 | 409,929 |
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TOTAL MEMBERS' INTERESTS |
Members' other interests | 580,787 | 409,929 |
Amounts due from members | 4 | (264,487 | ) | (126,054 | ) |
316,300 | 283,875 |
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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. |
Adler Family Law Solicitors LLP (Registered number: OC414663) |
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Statement of Financial Position - continued |
31 March 2020 |
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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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Adler Family Law Solicitors LLP (Registered number: OC414663) |
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Notes to the Financial Statements |
for the Year Ended 31 March 2020 |
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1. | STATUTORY INFORMATION |
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Adler Family Law 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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Going concern |
The preparation of the financial statements requires the members to make an assessment of the entity's ability to continue as a going concern. The members have reviewed in particular the impact of the COVID-19 pandemic and have concluded that it remains appropriate to prepare these financial statements on a going concern basis. |
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Turnover |
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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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 year was
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Trade debtors |
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Amounts due from members | 264,487 | 126,054 |
Prepayments |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Trade creditors |
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Social security and other taxes |
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Other creditors |
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Accruals and deferred income |
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Adler Family Law Solicitors LLP (Registered number: OC414663) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2020 |
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6. | 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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7. | POST BALANCE SHEET EVENTS |
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During the COVID-19 pandemic the members have taken advantage of various government support packages available to the LLP in the next financial period. This includes, the Coronavirus Job Retention Scheme and a local government grant. There are no adjustments required to the balance sheet to date. |