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REGISTERED NUMBER: SO302979 (Scotland)







Report of the Members and

Unaudited Financial Statements for the Year Ended 31 August 2024

for

Intermediary (Scotland) LLP

Intermediary (Scotland) LLP (Registered number: SO302979)






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




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


Intermediary (Scotland) LLP

General Information
for the Year Ended 31 August 2024







DESIGNATED MEMBERS: Mr E S Gillies
Ms S M Holloway





REGISTERED OFFICE: Old Post House
24 High Street
Pittenweem
Edinburgh
Fife
KY10 2LA





REGISTERED NUMBER: SO302979 (Scotland)





ACCOUNTANTS: Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
United Kingdom
BS32 4JY

Intermediary (Scotland) LLP (Registered number: SO302979)

Report of the Members
for the Year Ended 31 August 2024

The members present their report with the financial statements of the LLP for the year ended 31 August 2024.

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

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

Mr E S Gillies
Ms S M Holloway

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The loss for the year before members' remuneration and profit shares was £6,469 (2023 - £6,159 loss).

MEMBERS' INTERESTS
Capital introduced to the partnership by members is interest free and repayable on demand, subject to appropriate availability of funds. Capital may be withdrawn from the partnership as and when sufficient funding is available to permit withdrawal without jeopardising the finances of the partnership.

ON BEHALF OF THE MEMBERS:





Mr E S Gillies - Designated member


29 October 2024

Intermediary (Scotland) LLP (Registered number: SO302979)

Income Statement
for the Year Ended 31 August 2024

31.8.24 31.8.23
Notes £    £   

TURNOVER 13,500 -

Administrative expenses (20,969 ) (6,159 )
(7,469 ) (6,159 )

Other operating income 1,000 -
OPERATING LOSS and
LOSS FOR THE FINANCIAL YEAR BEFORE MEMBERS'
REMUNERATION AND PROFIT SHARES AVAILABLE
FOR DISCRETIONARY DIVISION AMONG MEMBERS


(6,469


)


(6,159


)

Intermediary (Scotland) LLP (Registered number: SO302979)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £   
FIXED ASSETS
Tangible assets 6 90,429 -

CURRENT ASSETS
Debtors 4,508 3,526
Cash at bank 12,886 1,000
17,394 4,526
CREDITORS
Amounts falling due within one year 7 (420 ) (2,260 )
NET CURRENT ASSETS 16,974 2,266
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO MEMBERS 107,403 2,266

LOANS AND OTHER DEBTS DUE TO MEMBERS 8 107,403 2,266

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 107,403 2,266
Amounts due from members (4,508 ) (3,526 )
102,895 (1,260 )

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 August 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 29 October 2024 and were signed by:





Mr E S Gillies - Designated member

Intermediary (Scotland) LLP (Registered number: SO302979)

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

1. STATUTORY INFORMATION

Intermediary (Scotland) 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 net invoiced sales of services, excluding value added tax.

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

3. EMPLOYEE INFORMATION

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

4. OPERATING LOSS

The operating loss is stated after charging:

31.8.24 31.8.23
£    £   
Depreciation - owned assets 18,086 -

5. INFORMATION IN RELATION TO MEMBERS

31.8.24 31.8.23

The average number of members during the year was 2 2

6. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
Additions 108,515
At 31 August 2024 108,515
DEPRECIATION
Charge for year 18,086
At 31 August 2024 18,086
NET BOOK VALUE
At 31 August 2024 90,429

Intermediary (Scotland) LLP (Registered number: SO302979)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Amounts owed to group undertakings - 1,000
Other creditors - 840
Accrued expenses 420 420
420 2,260

8. LOANS AND OTHER DEBTS DUE TO MEMBERS
31.8.24 31.8.23
£    £   
Amounts owed to members in respect of profits 107,403 2,266

Falling due within one year 107,403 2,266

All other creditors are payable prior to the repayment of loans and other debts due to members.