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REGISTERED NUMBER: SO300531 (Scotland)











Unaudited Financial Statements for the Year Ended 31st March 2024

for

White Hill Design Studio LLP

White Hill Design Studio LLP (Registered number: SO300531)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 3


White Hill Design Studio LLP

General Information
for the Year Ended 31st March 2024







DESIGNATED MEMBERS: Ms B J Gray
D J M Major





REGISTERED OFFICE: Meikleholmside Cottage Farm
Annan Water
Moffat
DG10 9LS





REGISTERED NUMBER: SO300531 (Scotland)





ACCOUNTANTS: Farries Kirk & McVean
Dumfries Enterprise Park
Heathhall
Dumfries
DUMFRIESSHIRE
DG1 3SJ

White Hill Design Studio LLP (Registered number: SO300531)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,705 8,135

CURRENT ASSETS
Stocks 500 1,000
Debtors 5 695 26,894
Cash at bank 99,152 65,058
100,347 92,952
CREDITORS
Amounts falling due within one year 6 10,760 14,807
NET CURRENT ASSETS 89,587 78,145
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO MEMBERS 101,292 86,280

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

101,292

86,280

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 101,292 86,280

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 31st 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.

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 14th November 2024 and were signed by:





Ms B J Gray - Designated member

White Hill Design Studio LLP (Registered number: SO300531)

Notes to the Financial Statements
for the Year Ended 31st March 2024

1. STATUTORY INFORMATION

White Hill Design Studio 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.
Plant and machinery etc - 25% on reducing balance, 20% on reducing balance and 15% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
Cash and bank
Cash and bank comprises cash on hand and funds held on deposit.

Trade debtors
Trade debtors are amounts due from customers for the provision of services sold in the ordinary course of operations.

Trade debtors are recognised initially at the transaction price and represent the full value of the services charged to customers, including any amounts charged on for third parties.

Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date they are presented as non current liabilities.

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.

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

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).

Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the Profit and Loss Account in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the Balance Sheet.

All amounts due to members that are classified as liabilities are presented in the Balance Sheet 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 Balance Sheet within 'Members' other interests'.

White Hill Design Studio LLP (Registered number: SO300531)

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

3. EMPLOYEE INFORMATION

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2023 46,107
Additions 11,419
Disposals (5,995 )
At 31st March 2024 51,531
DEPRECIATION
At 1st April 2023 37,972
Charge for year 3,354
Eliminated on disposal (1,500 )
At 31st March 2024 39,826
NET BOOK VALUE
At 31st March 2024 11,705
At 31st March 2023 8,135

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 695 26,894

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 8,810 11,107
Other creditors 1,950 3,700
10,760 14,807

7. LOANS AND OTHER DEBTS DUE TO MEMBERS
2024 2023
£    £   
Loans from members 10,000 10,000
Amounts owed to members in respect of profits 91,292 76,280
101,292 86,280

Falling due within one year 101,292 86,280

Trade and other creditors rank over loans and other debts due to members

8. RELATED PARTY DISCLOSURES

During the year, the limited liability partnership paid rent totalling £6,000 (2023 - £3,600) to The Country Harvest. D J M Major and B J Gray are also partners in The Country Harvest.

White Hill Design Studio LLP (Registered number: SO300531)

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

9. ULTIMATE CONTROLLING PARTY

In the opinion of the members the limited liability partnership is controlled jointly by D J M Major and B J Gray, being the equal partners.