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REGISTERED NUMBER: SO303823 (Scotland)















Financial Statements For The Year Ended 31 March 2024

for

Stirling & Gilmour LLP

Stirling & Gilmour LLP (Registered number: SO303823)






Contents of the Financial Statements
For The Year Ended 31 March 2024




Page

General Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Stirling & Gilmour LLP

General Information
For The Year Ended 31 March 2024







DESIGNATED MEMBERS: W K L Brownlie
W D Robertson
C J Weir





REGISTERED OFFICE: 24 Gilmour Street
Alexandria
West Dunbartonshire
G83 0DB





REGISTERED NUMBER: SO303823 (Scotland)





ACCOUNTANTS: Robb Ferguson Chartered Accountants
Regent Court
70 West Regent Street
Glasgow
G2 2QZ

Stirling & Gilmour LLP (Registered number: SO303823)

Abridged Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 26,388 32,684

CURRENT ASSETS
Debtors 350,023 326,210
Cash at bank and in hand 3,422,199 2,652,228
3,772,222 2,978,438
CREDITORS
Amounts falling due within one year 3,271,071 2,522,999
NET CURRENT ASSETS 501,151 455,439
TOTAL ASSETS LESS CURRENT
LIABILITIES

527,539

488,123

CREDITORS
Amounts falling due after more than one year - 4,445
NET ASSETS ATTRIBUTABLE TO
MEMBERS

527,539

483,678

LOANS AND OTHER DEBTS DUE TO
MEMBERS

5

527,539

483,678

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 5 527,539 483,678

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.

Stirling & Gilmour LLP (Registered number: SO303823)

Abridged Statement of Financial Position - 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.

All the members have consented to the preparation of an abridged Statement of Comprehensive Income and an abridged Statement of Financial Position for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 13 November 2024 and were signed by:





W D Robertson - Designated member

Stirling & Gilmour LLP (Registered number: SO303823)

Notes to the Financial Statements
For The Year Ended 31 March 2024

1. STATUTORY INFORMATION

Stirling & Gilmour 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, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Property and alterations - Over 15 years
Fixtures and fittings - 20% on cost and 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33.33% 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.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 14 (2023 - 14 ) .

Stirling & Gilmour LLP (Registered number: SO303823)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 208,148
Additions 12,023
At 31 March 2024 220,171
DEPRECIATION
At 1 April 2023 175,464
Charge for year 18,319
At 31 March 2024 193,783
NET BOOK VALUE
At 31 March 2024 26,388
At 31 March 2023 32,684

5. LOANS AND OTHER DEBTS DUE TO MEMBERS
2024 2023
£    £   
Amounts owed to members in respect of profits 527,539 483,678

Falling due within one year 527,539 483,678

In the case of an insolvent winding up the members will rank ‘pari passu’ with other unsecured creditors of the LLP.