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REGISTERED NUMBER: SO302026 (Scotland)















REITH LAMBERT FACILITIES MANAGEMENT LLP

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JANUARY 2023 TO 31 MARCH 2024






REITH LAMBERT FACILITIES MANAGEMENT LLP (REGISTERED NUMBER: SO302026)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Period 1 January 2023 to 31 March 2024










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


REITH LAMBERT FACILITIES MANAGEMENT LLP

GENERAL INFORMATION
For The Period 1 January 2023 to 31 March 2024







DESIGNATED MEMBERS: J Rooney
R Ford
R C Donaldson





REGISTERED OFFICE: 21 Blythswood Square
Glasgow
G2 4BL





REGISTERED NUMBER: SO302026 (Scotland)





ACCOUNTANTS: Benham Conway & Co
16 Royal Crescent
Glasgow
G3 7SL

REITH LAMBERT FACILITIES MANAGEMENT LLP (REGISTERED NUMBER: SO302026)

BALANCE SHEET
31 March 2024

31.3.24 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,717 12,200

CURRENT ASSETS
Debtors 5 352,867 398,389
Cash at bank 615,729 554,542
968,596 952,931
CREDITORS
Amounts falling due within one year 6 469,681 455,186
NET CURRENT ASSETS 498,915 497,745
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

516,632

509,945

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

516,629

509,940

MEMBERS' OTHER INTERESTS
Capital accounts 3 5
516,632 509,945

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 516,629 509,940
Members' other interests 3 5
516,632 509,945

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 period 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.

REITH LAMBERT FACILITIES MANAGEMENT LLP (REGISTERED NUMBER: SO302026)

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 25 September 2024 and were signed by:





J Rooney - Designated member

REITH LAMBERT FACILITIES MANAGEMENT LLP (REGISTERED NUMBER: SO302026)

NOTES TO THE FINANCIAL STATEMENTS
For The Period 1 January 2023 to 31 March 2024


1. STATUTORY INFORMATION

Reith Lambert Facilities Management LLP is registered in Scotland. 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 payroll costs recharged and fees for services provided in the period, excluding value added tax.


Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Leasehold improvements - 10% on cost over life of the lease
Equipment - 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.

Members' interests
A member's share in the profit or loss for the year is accounted for as an allocation. Unallocated profits and losses are included within "other reserves".

3. EMPLOYEE INFORMATION

The average number of employees during the period was 161 (2022 - 121 ) .

REITH LAMBERT FACILITIES MANAGEMENT LLP (REGISTERED NUMBER: SO302026)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Period 1 January 2023 to 31 March 2024


4. TANGIBLE FIXED ASSETS
Leasehold
improvements Equipment Totals
£    £    £   
COST
At 1 January 2023 10,195 102,313 112,508
Additions - 16,887 16,887
Disposals - (67,576 ) (67,576 )
At 31 March 2024 10,195 51,624 61,819
DEPRECIATION
At 1 January 2023 10,195 90,113 100,308
Charge for period - 11,009 11,009
Eliminated on disposal - (67,215 ) (67,215 )
At 31 March 2024 10,195 33,907 44,102
NET BOOK VALUE
At 31 March 2024 - 17,717 17,717
At 31 December 2022 - 12,200 12,200

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.12.22
£    £   
Trade debtors 273,391 361,660
Other debtors 79,476 36,729
352,867 398,389

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.12.22
£    £   
Trade creditors 67,899 16,275
Taxation and social security 305,997 344,411
Other creditors 95,785 94,500
469,681 455,186

7. LOANS AND OTHER DEBTS DUE TO MEMBERS
31.3.24 31.12.22
£    £   
Amounts owed to members in respect of profits 516,629 509,940

Falling due within one year 516,629 509,940

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up.

REITH LAMBERT FACILITIES MANAGEMENT LLP (REGISTERED NUMBER: SO302026)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Period 1 January 2023 to 31 March 2024


8. OTHER FINANCIAL COMMITMENTS

At 31 March 2024 the company was committed to making total payments under non-cancellable operating leases of £79,317 (December 2022, £136,609).