Caseware UK (AP4) 2025.0.111 2025.0.111 2026-03-31 2026-03-31 2025-04-01 false law firm 12 12 true true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09903611 2025-04-01 2026-03-31 09903611 2024-04-01 2025-03-31 09903611 2026-03-31 09903611 2025-03-31 09903611 c:Director1 2025-04-01 2026-03-31 09903611 c:Director3 2025-04-01 2026-03-31 09903611 d:Buildings d:LongLeaseholdAssets 2025-04-01 2026-03-31 09903611 d:Buildings d:LongLeaseholdAssets 2026-03-31 09903611 d:Buildings d:LongLeaseholdAssets 2025-03-31 09903611 d:FurnitureFittings 2025-04-01 2026-03-31 09903611 d:FurnitureFittings 2026-03-31 09903611 d:FurnitureFittings 2025-03-31 09903611 d:FurnitureFittings d:OwnedOrFreeholdAssets 2025-04-01 2026-03-31 09903611 d:ComputerEquipment 2025-04-01 2026-03-31 09903611 d:ComputerEquipment 2026-03-31 09903611 d:ComputerEquipment 2025-03-31 09903611 d:ComputerEquipment d:OwnedOrFreeholdAssets 2025-04-01 2026-03-31 09903611 d:OwnedOrFreeholdAssets 2025-04-01 2026-03-31 09903611 d:CurrentFinancialInstruments 2026-03-31 09903611 d:CurrentFinancialInstruments 2025-03-31 09903611 d:Non-currentFinancialInstruments 2026-03-31 09903611 d:Non-currentFinancialInstruments 2025-03-31 09903611 d:CurrentFinancialInstruments d:WithinOneYear 2026-03-31 09903611 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 09903611 d:Non-currentFinancialInstruments d:AfterOneYear 2026-03-31 09903611 d:Non-currentFinancialInstruments d:AfterOneYear 2025-03-31 09903611 d:ShareCapital 2026-03-31 09903611 d:ShareCapital 2025-03-31 09903611 d:RetainedEarningsAccumulatedLosses 2026-03-31 09903611 d:RetainedEarningsAccumulatedLosses 2025-03-31 09903611 c:FRS102 2025-04-01 2026-03-31 09903611 c:AuditExempt-NoAccountantsReport 2025-04-01 2026-03-31 09903611 c:FullAccounts 2025-04-01 2026-03-31 09903611 c:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 09903611 e:PoundSterling 2025-04-01 2026-03-31 iso4217:GBP xbrli:pure

Registered number: 09903611 IAIN NICHOLSON SOLICITORS LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 MARCH 2026
IAIN NICHOLSON SOLICITORS LIMITED REGISTERED NUMBER: 09903611 BALANCE SHEET AS AT 31 MARCH 2026
| 2026 | 2026 | 2025 | 2025
Note | £ | £ | £ | £
Fixed assets |  |  |  |  |
Tangible assets | 5 |  | 16,929 |  | 16,276
|  |  | 16,929 |  | 16,276
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 6 | 405,143 |  | 410,535 |
Cash at bank and in hand |  | 237,590 |  | 177,828 |
|  | 642,733 |  | 588,363 |
Creditors: amounts falling due within one year | 7 | (142,806) |  | (130,093) |
Net current assets |  |  | 499,927 |  | 458,270
Total assets less current liabilities |  |  | 516,856 |  | 474,546
Creditors: amounts falling due after more than one year | 8 |  | - |  | (1,184)
Net assets |  |  | 516,856 |  | 473,362
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 10,300 |  | 10,300
Profit and loss account |  |  | 506,556 |  | 463,062
|  |  | 516,856 |  | 473,362
Page 1
IAIN NICHOLSON SOLICITORS LIMITED REGISTERED NUMBER: 09903611 BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2026 The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 June 2026.
Mr I.H. Nicholson | Mrs V. Stevenson
Director | Director
The notes on pages 3 to 6 form part of these financial statements. Page 2
IAIN NICHOLSON SOLICITORS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026
1. | General information
Iain Nicholson Solicitors Limited is a limited company incorporated in England and Wales. The registered office is 5 West Road, Ponteland, Newcastle upon Tyne, NE20 9ST. The company's principal activity is that of the provision of legal services. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. The following principal accounting policies have been applied:
| 2.2 | Turnover
Turnover represents legal and other services undertaken during the year. Legal and other services which have been provided to clients during the year which at the year end have not been invoiced, have been recognised as fee income in accordance with Section 23 of Financial Reporting Standard 102. Fee income recognised in this manner is based on an assessment of the fair value of the work completed by the balance sheet date as a proportion of the total value of the engagement. Unbilled fee income is included as Accrued Income within Debtors. This is stated at the fair value where the right to consideration has been obtained. Provision is made against unbilled amounts on those engagements where the right to receive payments is dependent on a contingent event outside the control of the company. Contingent fee income is recognised in the period when the contingent event occurs.
| 2.3 | Pensions
Defined contribution pension plan The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds. Page 3
IAIN NICHOLSON SOLICITORS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 2.Accounting policies (continued)
| 2.4 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis. Depreciation is provided on the following basis:
|  |  |  | Property improvements | - | 25% | writing down allowance
|  |  |  | Fixtures and fittings | - | 25% | writing down allowance
|  |  |  | Computer equipment | - | 15% | writing down allowance
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.5 | Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
3. | Judgments in applying accounting policies and key sources of estimation uncertainty
In applying the company's accounting policies described in Note 2, the directors are required to make judgements and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors considered to be relevant. Actual results may differ from these estimates. Revenue recognition The value of accrued income is derived from estimations and assumptions regarding fair value of unbilled time at the year end, having regard to the company's accounting policy for revenue recognition. Directors are also required to make judgements in determining the point at which a contingent event occurs to determine whether the fair value of consideration can be measured reliably.
4. | Employees
| The average monthly number of employees, including directors, during the year was 12 (2025 - 12).
Page 4
IAIN NICHOLSON SOLICITORS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026
5. | Tangible fixed assets
|  | Property improvements | Fixtures and fittings | Computer equipment | Total
|  | £ | £ | £ | £
| Cost or valuation |  |  |  |
| At 1 April 2025 | 3,444 | 13,715 | 26,475 | 43,634
| Additions | - | 4,332 | - | 4,332
| At 31 March 2026 | 3,444 | 18,047 | 26,475 | 47,966
| Depreciation |  |  |  |
| At 1 April 2025 | 610 | 12,170 | 14,578 | 27,358
| Charge for the year on owned assets | 425 | 1,469 | 1,785 | 3,679
| At 31 March 2026 | 1,035 | 13,639 | 16,363 | 31,037
| Net book value |  |  |  |
| At 31 March 2026 | 2,409 | 4,408 | 10,112 | 16,929
| At 31 March 2025 | 2,834 | 1,545 | 11,897 | 16,276
Page 5
IAIN NICHOLSON SOLICITORS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026
6. | Debtors
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Trade debtors | 79,972 | 89,851
| Other debtors | 38,771 | 41,674
| Accrued income | 286,400 | 279,010
|  | 405,143 | 410,535
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Other loans | 1,184 | 1,578
| Corporation tax | 89,124 | 67,214
| Other creditors | 52,498 | 61,301
|  | 142,806 | 130,093
8. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Other loans | - | 1,184
|  | - | 1,184
9. | Pension commitments
The Company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £10,083 (2025 - £9,863).
Page 6