Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312022-11-01falseNo description of principal activity00truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SO302611 2022-11-01 2024-03-31 SO302611 2021-11-01 2022-10-31 SO302611 2024-03-31 SO302611 2022-10-31 SO302611 c:MotorVehicles 2022-11-01 2024-03-31 SO302611 c:MotorVehicles 2024-03-31 SO302611 c:MotorVehicles 2022-10-31 SO302611 c:MotorVehicles c:OwnedOrFreeholdAssets 2022-11-01 2024-03-31 SO302611 c:CurrentFinancialInstruments 2024-03-31 SO302611 c:CurrentFinancialInstruments 2022-10-31 SO302611 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 SO302611 c:CurrentFinancialInstruments c:WithinOneYear 2022-10-31 SO302611 d:FRS102 2022-11-01 2024-03-31 SO302611 d:AuditExempt-NoAccountantsReport 2022-11-01 2024-03-31 SO302611 d:FullAccounts 2022-11-01 2024-03-31 SO302611 d:LimitedLiabilityPartnershipLLP 2022-11-01 2024-03-31 SO302611 d:PartnerLLP1 2022-11-01 2024-03-31 SO302611 d:PartnerLLP2 2022-11-01 2024-03-31 SO302611 d:PartnerLLP3 2022-11-01 2024-03-31 SO302611 c:OtherCapitalInstrumentsClassifiedAsEquity 2024-03-31 SO302611 c:OtherCapitalInstrumentsClassifiedAsEquity 2022-10-31 SO302611 e:PoundSterling 2022-11-01 2024-03-31 iso4217:GBP xbrli:pure
Registered number: SO302611










RALLY TEAM (SCOTLAND) LLP
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

 
RALLY TEAM (SCOTLAND) LLP
 

INFORMATION




Designated Members

Richard Moore
Mrs Kirsty Moore

 
RALLY TEAM (SCOTLAND) LLP
 
LLP registered number

SO302611

Registered office

Westby
64 West High Street
Forfar
Angus
DD8 1BJ

Accountants

EQ Accountants Limited
Chartered Accountants
Westby
64 West High Street
Forfar
Angus
DD8 1BJ


 
RALLY TEAM (SCOTLAND) LLP
REGISTERED NUMBER: SO302611

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

31 March
31 October
2024
2022
£
£

FIXED ASSETS
  

Tangible assets
 3 
2,195
3,403

  
2,195
3,403

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 4 
-
133

Bank & cash balances
  
347
25

  
347
158

Creditors: Amounts Falling Due Within One Year
 5 
(850)
(850)

NET CURRENT LIABILITIES
  
 
 
(503)
 
 
(692)

TOTAL ASSETS LESS CURRENT LIABILITIES
  
1,692
2,711

  

NET ASSETS
  
1,692
2,711


REPRESENTED BY:
  

LOANS AND OTHER DEBTS DUE TO MEMBERS WITHIN ONE YEAR
  

MEMBERS' OTHER INTERESTS
  

Members' capital classified as equity
  
1,692
2,711

  
 
1,692
 
2,711

  
1,692
2,711


TOTAL MEMBERS' INTERESTS
  

Members' other interests
  
1,692
2,711

  
1,692
2,711

Page 1

 
RALLY TEAM (SCOTLAND) LLP
REGISTERED NUMBER: SO302611

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

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

The entity was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.

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

The entity has opted not to file the statement of comprehensive income in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf on 7 October 2024.




Richard Moore
Designated member

The notes on pages 3 to 4 form part of these financial statements.

Rally Team (Scotland) LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of changes in equity.
Page 2

 
RALLY TEAM (SCOTLAND) LLP
 

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

1.


GENERAL INFORMATION

Rally Team (Scotland) LLP is a limited liability partnership, incorporated in Scotland, with registration number SO302611. The registered office is Westby, 64 West High Street, Forfar, Angus, DD8 1BJ and the principal place of business is 3 Balgownie Cottages, Eassie, Forfar, Angus, DD8 1SF.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

DIVISION AND DISTRIBUTION OF PROFITS

A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial period and may take place during or after the end of a financial period.

An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time, whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making.

The LLP divides profits automatically. Automatic divisions of profits are recognised as 'Members' remuneration charged as an expense in .

In the event of the LLP making losses, the loss is recognised as a credit amount of 'Members' remuneration charged as an expense where it is automatically divided or as a debit within equity under 'Other reserves' if not divided automatically.

 
2.3

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 3

 
RALLY TEAM (SCOTLAND) LLP
 

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

3.


TANGIBLE FIXED ASSETS







Motor vehicles

£



COST OR VALUATION


At 1 November 2022
34,000



At 31 March 2024

34,000



DEPRECIATION


At 1 November 2022
30,597


Charge for the period on owned assets
1,208



At 31 March 2024

31,805



NET BOOK VALUE



At 31 March 2024
2,195



At 31 October 2022
3,403


4.


DEBTORS

31 March
31 October
2024
2022
£
£


Other debtors
-
133

-
133



5.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31 March
31 October
2024
2022
£
£

Accruals and deferred income
850
850

850
850



Page 4