Silverfin false 31/03/2024 01/04/2023 31/03/2024 Dr J G Houston 10/03/2006 Dr T B Oliver 06/04/2013 Dr T A P Sudarshan 01/06/2009 11 November 2024 SO300845 2024-03-31 SO300845 bus:Director1 2024-03-31 SO300845 bus:Director2 2024-03-31 SO300845 bus:Director3 2024-03-31 SO300845 core:CurrentFinancialInstruments 2024-03-31 SO300845 core:CurrentFinancialInstruments 2023-03-31 SO300845 2023-03-31 SO300845 2023-04-01 2024-03-31 SO300845 bus:FullAccounts 2023-04-01 2024-03-31 SO300845 bus:SmallEntities 2023-04-01 2024-03-31 SO300845 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 SO300845 bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 SO300845 bus:Director1 2023-04-01 2024-03-31 SO300845 bus:Director2 2023-04-01 2024-03-31 SO300845 bus:Director3 2023-04-01 2024-03-31 SO300845 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Company No: SO300845 (Scotland)

OSIRIS MEDICAL IMAGING LLP

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH THE REGISTRAR

OSIRIS MEDICAL IMAGING LLP

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2024

Contents

OSIRIS MEDICAL IMAGING LLP

BALANCE SHEET

AS AT 31 MARCH 2024
OSIRIS MEDICAL IMAGING LLP

BALANCE SHEET (continued)

AS AT 31 MARCH 2024
Note 2024 2023
£ £
Current assets
Debtors 3 32,464 11,838
Cash at bank and in hand 4 25,553 11,480
58,017 23,318
Creditors: amounts falling due within one year 5 ( 16,462) ( 3,584)
Net current assets 41,555 19,734
Total assets less current liabilities 41,555 19,734
Net assets attributable to members 41,555 19,734
Represented by
Loans and other debts due to members within one year
Other amounts 18,834 18,834
18,834 18,834
Members' other interests
Members' capital classified as equity 900 900
Other reserves 21,821 0
22,721 900
41,555 19,734
Total members' interests
Loans and other debts due to members 18,834 18,834
Members' other interests 22,721 900
41,555 19,734

For the financial year ending 31 March 2024 the LLP 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.

Members' responsibilities:

The financial statements of Osiris Medical Imaging LLP (registered number: SO300845) were approved and authorised for issue by the Board of Directors on 11 November 2024. They were signed on its behalf by:

Dr T A P Sudarshan
Designated member
OSIRIS MEDICAL IMAGING LLP

RECONCILIATION OF MEMBERS' INTERESTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2024
OSIRIS MEDICAL IMAGING LLP

RECONCILIATION OF MEMBERS' INTERESTS (continued)

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2024
EQUITY
Members' other interests
DEBT
Loans and other debts due to members less any amounts due from members in debtors
Total members' interests
Members' capital (classified as equity) Other reserves Total Other amounts Total
£ £ £ £ £
Amounts due to members 19,061
Balance at 01 April 2022 900 0 900 19,061 19,961
Profit for the financial year available for discretionary division among members 0 21,617 21,617 0 21,617
Members' interest after profit for the financial year 900 21,617 22,517 19,061 41,578
Division of profit 0 (21,617) (21,617) 21,617 0
Drawings 0 0 0 (20,109) (20,109)
Transfers 0 0 0 (1,735) (1,735)
Amounts due to members 18,834
Balance at 31 March 2023 900 0 900 18,834 19,734
Profit for the financial year available for discretionary division among members 0 21,821 21,821 0 21,821
Members' interest after profit for the financial year 900 21,821 22,721 18,834 41,555
Amounts due to members 18,834
Balance at 31 March 2024 900 21,821 22,721 18,834 41,555

There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests

OSIRIS MEDICAL IMAGING LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2024
OSIRIS MEDICAL IMAGING LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Osiris Medical Imaging LLP is a limited liability partnership, incorporated in the United Kingdom under the Limited Liability Partnerships Act 2000 and is registered in Scotland. The address of the LLP's registered office is C/O Johnston Carmichael Bishop's Court, 29 Albyn Place, Aberdeen, AB10 1YL, Scotland, United Kingdom.

The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Limited Liability Partnerships Act 2000 as applicable to companies subject to the small companies regime and the requirements of the Statement of Recommended Practice Accounting by Limited Liability Partnerships issued in December 2021 (SORP 2022).

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover represents the amounts recoverable for the provision of medical imaging services to local hospitals and institutions. Predominantly this is to BMI healthcare at Kingspark and to Tayside Complete Health.

Revenue is recognised when the LLP has entitlement to income in exchange for the provision of services.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include deposits held at call with banks.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Basic financial assets
Basic financial assets, which include debtors and bank balances, are measured at transaction price including transaction costs.

Basic financial liabilities
Basic financial liabilities, including creditors, are recognised at transaction price.

Members' participation rights

Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).

Members’ participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with section 22 of FRS 102. A member’s participation rights including amounts subscribed or otherwise contributed by members, for example members’ capital, are classed as liabilities unless the LLP has an unconditional right to refuse payment to members, in which case they are classified as equity.

The profits are not automatically divided as they arise, the LLP therefore has an unconditional right to refuse payment of the profits for a particular year unless and until those profits are divided by a decision taken by the members; and accordingly, following such a division, those profits are classed as an appropriation or equity rather than an expense. They are therefore shown as a residual amount available for appropriation in the Profit and Loss Account.

All amounts due to members that are classified as liabilities are presented in the Statement of Financial Position within 'Loans and other debts due to members' and are charged to the Profit and Loss Account within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the Statement of Financial Position within 'Members' other interests'.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the LLP during the year 3 3

3. Debtors

2024 2023
£ £
Trade debtors 32,464 11,838

4. Cash and cash equivalents

2024 2023
£ £
Cash at bank and in hand 25,553 11,480

5. Creditors: amounts falling due within one year

2024 2023
£ £
Other creditors 16,462 3,584

6. Loans and other debts due to members

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