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REGISTERED NUMBER: OC372558 (England and Wales)









FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

SCOTTSDALE IFA LLP

SCOTTSDALE IFA LLP (REGISTERED NUMBER: OC372558)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SCOTTSDALE IFA LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DESIGNATED MEMBERS: B N Buchanan
S Trickett
A P Penfold





REGISTERED OFFICE: Rex House
4-12 Regent Street
London
SW1Y 4PE





REGISTERED NUMBER: OC372558 (England and Wales)





ACCOUNTANTS: Butters Gates & Company
Chartered Accountants
107 Bell Street
London
NW1 6TL

SCOTTSDALE IFA LLP (REGISTERED NUMBER: OC372558)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 90,837 118,246

CURRENT ASSETS
Debtors 5 69,162 69,999
Cash at bank 220,323 269,335
289,485 339,334
CREDITORS
Amounts falling due within one year 6 24,496 22,228
NET CURRENT ASSETS 264,989 317,106
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

355,826

435,352

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

355,826

435,352

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 355,826 435,352

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.

SCOTTSDALE IFA LLP (REGISTERED NUMBER: OC372558)

BALANCE SHEET - continued
31 MARCH 2024


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 4 September 2024 and were signed by:




B N Buchanan - Designated member




S Trickett - Designated member


SCOTTSDALE IFA LLP (REGISTERED NUMBER: OC372558)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Scottsdale IFA LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

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 gross commissions received in the period.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 132,748 20,302 153,050
Additions - 2,870 2,870
At 31 March 2024 132,748 23,172 155,920
DEPRECIATION
At 1 April 2023 22,139 12,665 34,804
Charge for year 27,652 2,627 30,279
At 31 March 2024 49,791 15,292 65,083
NET BOOK VALUE
At 31 March 2024 82,957 7,880 90,837
At 31 March 2023 110,609 7,637 118,246

SCOTTSDALE IFA LLP (REGISTERED NUMBER: OC372558)

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 6,285 4,960
Other debtors 18,881 14,787
Prepayments 43,996 50,252
69,162 69,999

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Social security and other taxes 19,936 17,667
Accrued expenses 4,560 4,561
24,496 22,228

7. LOANS AND OTHER DEBTS DUE TO MEMBERS
31.3.24 31.3.23
£    £   
Amounts owed to members in respect of profits 355,826 435,352

Falling due within one year 355,826 435,352

Any loans and other debts due to members rank in line with other creditors.