IRIS Accounts Production v24.1.9.2 SO306566 designated member designated member 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSO3065662023-03-31SO3065662024-03-31SO3065662023-04-012024-03-31SO3065662022-03-31SO3065662022-04-012023-03-31SO3065662023-03-31SO306566ns15:Scotland2023-04-012024-03-31SO306566ns14:PoundSterling2023-04-012024-03-31SO306566ns10:Director12023-04-012024-03-31SO306566ns10:Director22023-04-012024-03-31SO306566ns10:LimitedLiabilityPartnershipLLP2023-04-012024-03-31SO306566ns10:SmallEntities2023-04-012024-03-31SO306566ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-31SO306566ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-31SO306566ns10:LimitedLiabilityPartnershipsSORP2023-04-012024-03-31SO306566ns10:FullAccounts2023-04-012024-03-31SO306566ns5:CurrentFinancialInstruments2024-03-31SO306566ns5:CurrentFinancialInstruments2023-03-31SO306566ns5:Non-currentFinancialInstruments2024-03-31SO306566ns5:Non-currentFinancialInstruments2023-03-31SO306566ns5:PlantMachinery2023-04-012024-03-31SO306566ns5:LandBuildings2023-03-31SO306566ns5:PlantMachinery2023-03-31SO306566ns5:LandBuildings2023-04-012024-03-31SO306566ns5:LandBuildings2024-03-31SO306566ns5:PlantMachinery2024-03-31SO306566ns5:LandBuildings2023-03-31SO306566ns5:PlantMachinery2023-03-31SO306566ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-31SO306566ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: SO306566 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Mclean & Stewart LLP

Mclean & Stewart LLP (Registered number: SO306566)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Mclean & Stewart LLP (Registered number: SO306566)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 266,035 268,191

CURRENT ASSETS
Debtors 5 490,335 474,876
Cash at bank and in hand 127,619 10,587
617,954 485,463
CREDITORS
Amounts falling due within one year 6 (117,397 ) (101,945 )
NET CURRENT ASSETS 500,557 383,518
TOTAL ASSETS LESS CURRENT
LIABILITIES

766,592

651,709

CREDITORS
Amounts falling due after more than one
year

7

(106,109

)

(127,618

)
NET ASSETS ATTRIBUTABLE TO
MEMBERS

660,483

524,091

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

660,483

524,091

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 660,483 524,091

Mclean & Stewart LLP (Registered number: SO306566)

Balance Sheet - continued
31 March 2024


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 2024.

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.

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

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.

The financial statements were approved by the members of the LLP and authorised for issue on 6 June 2024 and were signed by:




Ms G C Baillie - Designated member




Ms H J S Langan - Designated member


Mclean & Stewart LLP (Registered number: SO306566)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

McLean & Stewart LLP is a limited liability partnership domiciled in Scotland, registration number SO306566. The registered office is 51/53 High Street, Dunblane, FK15 0EG.

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 represents the fair value of professional services provided during the year to clients. Turnover is recognised as contract activity and the right to consideration earned. Fair value reflects the amount expected to be recoverable from the clients and is based on time spent, skills and expertise provided, excluding VAT. Turnover which has been recognised but not invoiced by the balance sheet date is included within debtors.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 20% on cost

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.

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.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 10 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 245,000 60,395 305,395
Additions - 11,087 11,087
At 31 March 2024 245,000 71,482 316,482
DEPRECIATION
At 1 April 2023 - 37,204 37,204
Charge for year - 13,243 13,243
At 31 March 2024 - 50,447 50,447
NET BOOK VALUE
At 31 March 2024 245,000 21,035 266,035
At 31 March 2023 245,000 23,191 268,191

Mclean & Stewart LLP (Registered number: SO306566)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 86,478 25,983
Amounts recoverable on contract 111,955 113,705
Other debtors 291,902 335,188
490,335 474,876

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 31,740 38,581
Taxation and social security 75,977 54,906
Other creditors 9,680 8,458
117,397 101,945

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 106,109 127,618

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 48,468 60,764

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of a winding up the amounts included in "Members' other interests" will rank equally with unsecured creditors.