IRIS Accounts Production v23.1.0.753 SO305428 designated member designated member 1.4.22 31.3.23 31.3.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSO3054282022-03-31SO3054282023-03-31SO3054282022-04-012023-03-31SO3054282021-03-31SO3054282021-04-012022-03-31SO3054282022-03-31SO305428ns15:Scotland2022-04-012023-03-31SO305428ns14:PoundSterling2022-04-012023-03-31SO305428ns10:Director12022-04-012023-03-31SO305428ns10:Director22022-04-012023-03-31SO305428ns10:LimitedLiabilityPartnershipLLP2022-04-012023-03-31SO305428ns10:SmallEntities2022-04-012023-03-31SO305428ns10:AuditExempt-NoAccountantsReport2022-04-012023-03-31SO305428ns10:SmallCompaniesRegimeForAccounts2022-04-012023-03-31SO305428ns10:LimitedLiabilityPartnershipsSORP2022-04-012023-03-31SO305428ns10:AbridgedAccounts2022-04-012023-03-31SO305428ns10:RegisteredOffice2022-04-012023-03-31SO305428ns5:CurrentFinancialInstruments2023-03-31SO305428ns5:CurrentFinancialInstruments2022-03-31SO305428ns5:Non-currentFinancialInstruments2023-03-31SO305428ns5:Non-currentFinancialInstruments2022-03-31SO305428ns5:OwnedOrFreeholdAssetsns5:LandBuildings2022-04-012023-03-31SO305428ns5:FurnitureFittings2022-04-012023-03-31SO305428ns5:MotorVehicles2022-04-012023-03-31SO305428ns5:ComputerEquipment2022-04-012023-03-31SO305428ns5:Secured2023-03-31SO305428ns5:Secured2022-03-31
REGISTERED NUMBER: SO305428 (Scotland)















Financial Statements For The Year Ended 31 March 2023

for

E F Riddell LLP

E F Riddell LLP (Registered number: SO305428)






Contents of the Financial Statements
For The Year Ended 31 March 2023




Page

General Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


E F Riddell LLP

General Information
For The Year Ended 31 March 2023







DESIGNATED MEMBERS: E Riddell
Mrs F Riddell





REGISTERED OFFICE: 8 Bernham Avenue
Stonehaven
AB39 2WD





REGISTERED NUMBER: SO305428 (Scotland)






E F Riddell LLP (Registered number: SO305428)

Abridged Statement of Financial Position
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 91,753 101,262

CURRENT ASSETS
Stocks 495 4,500
Debtors 16,682 11,108
Cash at bank and in hand 26,142 47,949
43,319 63,557
CREDITORS
Amounts falling due within one year 26,893 28,861
NET CURRENT ASSETS 16,426 34,696
TOTAL ASSETS LESS CURRENT
LIABILITIES

108,179

135,958

CREDITORS
Amounts falling due after more than one
year

5

75,742

86,924
NET ASSETS ATTRIBUTABLE TO
MEMBERS

32,437

49,034

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

32,437

49,034

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 32,437 49,034

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2023.

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.

E F Riddell LLP (Registered number: SO305428)

Abridged Statement of Financial Position - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

All the members have consented to the preparation of an abridged Statement of Comprehensive Income and an abridged Statement of Financial Position for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 7 November 2023 and were signed by:





E Riddell - Designated member

E F Riddell LLP (Registered number: SO305428)

Notes to the Financial Statements
For The Year Ended 31 March 2023

1. STATUTORY INFORMATION

E F Riddell LLP is registered in Scotland. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is stated net of VAT and trade discounts. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to the date based on a proportion of the total contract value. Where payments are received from customers in advance of services provided, the amounts are recorded as Deferred Income and included as part of Creditors due within one year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 1 (2022 - 1 ) .

E F Riddell LLP (Registered number: SO305428)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022 127,952
Disposals (4,495 )
At 31 March 2023 123,457
DEPRECIATION
At 1 April 2022 26,690
Charge for year 6,278
Eliminated on disposal (1,264 )
At 31 March 2023 31,704
NET BOOK VALUE
At 31 March 2023 91,753
At 31 March 2022 101,262

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 April 2022
and 31 March 2023 18,495
DEPRECIATION
At 1 April 2022 5,780
Charge for year 3,179
At 31 March 2023 8,959
NET BOOK VALUE
At 31 March 2023 9,536
At 31 March 2022 12,715

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2023 2022
£    £   
Repayable by instalments
Bank loans more than 5 years 19,972 24,297

E F Riddell LLP (Registered number: SO305428)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2023

6. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 12,269 15,369
TSB Business Loan 41,572 45,897
53,841 61,266

TSB Bank plc hold a standard security over all and each part of the assets and property of the company.

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally in relation to other creditors.