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REGISTERED NUMBER: SO305666 (Scotland)











Report of the Members and

Unaudited Financial Statements for the Year Ended 5th April 2024

for

Strathaven Partners LLP

Strathaven Partners LLP (Registered number: SO305666)






Contents of the Financial Statements
for the Year Ended 5th April 2024




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


Strathaven Partners LLP

General Information
for the Year Ended 5th April 2024







DESIGNATED MEMBERS: S G Hunter
I D Hunter
Mrs D J Dickson
A W Moore
J B Moore





REGISTERED OFFICE: C/O Turcan Connell
Princes Exchange
1 Earl Grey Street
Edinburgh
EH3 9EE





REGISTERED NUMBER: SO305666 (Scotland)





ACCOUNTANTS: Farries Kirk & McVean
Dumfries Enterprise Park
Heathhall
Dumfries
DUMFRIESSHIRE
DG1 3SJ

Strathaven Partners LLP (Registered number: SO305666)

Report of the Members
for the Year Ended 5th April 2024

The members present their report with the financial statements of the LLP for the year ended 5th April 2024.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of farming.

DESIGNATED MEMBERS
The designated members during the year under review were:

S G Hunter
I D Hunter
Mrs D J Dickson
A W Moore
J B Moore

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £434 (2023 - £250 profit).

MEMBERS' INTERESTS
As at 5th April 2024, the Members Interest totalled £7,001 (2023- £6,567).

ON BEHALF OF THE MEMBERS:





S G Hunter - Designated member


5th September 2024

Strathaven Partners LLP (Registered number: SO305666)

Income Statement
for the Year Ended 5th April 2024

2024 2023
£    £   

TURNOVER 3,522 1,385

Cost of sales 1,895 -
GROSS PROFIT 1,627 1,385

Administrative expenses 1,193 1,135
OPERATING PROFIT and
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE FOR
DISCRETIONARY DIVISION AMONG
MEMBERS




434




250

Strathaven Partners LLP (Registered number: SO305666)

Balance Sheet
5th April 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Cash at bank 7,601 7,167

CREDITORS
Amounts falling due within one year 4 600 600
NET CURRENT ASSETS 7,001 6,567
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

7,001

6,567

LOANS AND OTHER DEBTS DUE TO
MEMBERS

5

7,001

6,567

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 5 7,001 6,567

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 5th April 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 in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 5th September 2024 and were signed by:




S G Hunter - Designated member




Mrs D J Dickson - Designated member


Strathaven Partners LLP (Registered number: SO305666)

Notes to the Financial Statements
for the Year Ended 5th April 2024

1. STATUTORY INFORMATION

Strathaven Partners 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 measured at the fair value of the consideration received or receivable from farming, excluding discounts, rebates, value added tax and other sales taxes.

Financial instruments
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors
Trade debtors are amounts due from customers for the sale of goods and services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price and represent the full value of the goods and services charged to customers, including any amounts charged on for third parties.

Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date they are presented as non current liabilities.

Borrowings
Interest bearing borrowings are initially recorded at fair value, net of transaction costs. Interest bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transactions costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Provisions and contingencies
Provisions are recognised when the company has a present legal or constructive obligation as a result of past events; it is probable that an outflow of resources will be required to settle the obligation; and the amount of the obligation can be estimated reliably.

3. EMPLOYEE INFORMATION

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

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 600 600

5. LOANS AND OTHER DEBTS DUE TO MEMBERS

Trade and other creditors rank over loans and other debts due to members.