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REGISTERED NUMBER: SO305639 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

McCue & Porter LLP

McCue & Porter LLP (Registered number: SO305639)






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




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


McCue & Porter LLP

General Information
for the Year Ended 31 March 2024







DESIGNATED MEMBERS: Mr D G Cobban
Mr C G Porter





REGISTERED OFFICE: 41 Queens Road
Aberdeen
AB15 4ZN





REGISTERED NUMBER: SO305639 (Scotland)





ACCOUNTANTS: SBP
Accountants
42 Queens Road
Aberdeen
AB15 4YE

McCue & Porter LLP (Registered number: SO305639)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 26,000 39,000
Tangible assets 5 12,956 16,636
38,956 55,636

CURRENT ASSETS
Stocks 72,140 75,750
Debtors 6 29,071 43,414
Cash at bank 30,669 43,648
131,880 162,812
CREDITORS
Amounts falling due within one year 7 42,669 60,456
NET CURRENT ASSETS 89,211 102,356
TOTAL ASSETS LESS CURRENT
LIABILITIES

128,167

157,992

CREDITORS
Amounts falling due after more than one
year

8

18,333

28,333
NET ASSETS ATTRIBUTABLE TO
MEMBERS

109,834

129,659

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

109,834

129,659

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 109,834 129,659

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.

McCue & Porter LLP (Registered number: SO305639)

Balance Sheet - 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.

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 28 November 2024 and were signed by:





Mr D G Cobban - Designated member

McCue & Porter LLP (Registered number: SO305639)

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

1. STATUTORY INFORMATION

McCue & Porter 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on reducing balance
Fixtures and fittings - 25% 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.

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 4 (2023 - 4 ) .

McCue & Porter LLP (Registered number: SO305639)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 130,000
AMORTISATION
At 1 April 2023 91,000
Charge for year 13,000
At 31 March 2024 104,000
NET BOOK VALUE
At 31 March 2024 26,000
At 31 March 2023 39,000

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and
property fittings Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 21,471 26,607 48,078
DEPRECIATION
At 1 April 2023 16,303 15,139 31,442
Charge for year 813 2,867 3,680
At 31 March 2024 17,116 18,006 35,122
NET BOOK VALUE
At 31 March 2024 4,355 8,601 12,956
At 31 March 2023 5,168 11,468 16,636

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 25,192 20,950
Other debtors 3,879 22,464
29,071 43,414

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 1,312 4,064
Taxation and social security 11,166 23,595
Other creditors 30,191 32,797
42,669 60,456

McCue & Porter LLP (Registered number: SO305639)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Other creditors 18,333 28,333

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members' (other than members' capital classified as debt) rank equally with other creditors.

10. RELATED PARTY DISCLOSURES

The LLP paid rent of £30,000 (2023 - £30,000) to Queen's Road (Properties) Ltd a company owned by the designated members and the father of C G Porter.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the members.