IRIS Accounts Production v24.3.0.553 SO306893 designated member 1.3.23 29.2.24 29.2.24 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSO3068932023-02-28SO3068932024-02-29SO3068932023-03-012024-02-29SO3068932022-02-28SO3068932022-03-012023-02-28SO3068932023-02-28SO306893ns15:Scotland2023-03-012024-02-29SO306893ns14:PoundSterling2023-03-012024-02-29SO306893ns10:PartnerLLP12023-03-012024-02-29SO306893ns10:LimitedLiabilityPartnershipLLP2023-03-012024-02-29SO306893ns10:SmallEntities2023-03-012024-02-29SO306893ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-29SO306893ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-29SO306893ns10:LimitedLiabilityPartnershipsSORP2023-03-012024-02-29SO306893ns10:FullAccounts2023-03-012024-02-29SO306893ns10:PartnerLLP22023-03-012024-02-29SO306893ns10:PartnerLLP32023-03-012024-02-29SO306893ns10:RegisteredOffice2023-03-012024-02-29SO306893ns5:CurrentFinancialInstruments2024-02-29SO306893ns5:CurrentFinancialInstruments2023-02-28SO306893ns5:WithinOneYearns5:CurrentFinancialInstruments2024-02-29SO306893ns5:WithinOneYearns5:CurrentFinancialInstruments2023-02-28
REGISTERED NUMBER: SO306893 (Scotland)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

C&M NOSREDNA LLP

C&M NOSREDNA LLP (REGISTERED NUMBER: SO306893)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

General Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


C&M NOSREDNA LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DESIGNATED MEMBERS: Mrs M Anderson
Mr C C Anderson
Ms C C Anderson





REGISTERED OFFICE: 82 Union Street
Larkhall
Lanarkshire
ML9 1DR





REGISTERED NUMBER: SO306893 (Scotland)





ACCOUNTANTS: AGK Partners
Chartered Accountants
1 Kings Avenue
London
N21 3NA

C&M NOSREDNA LLP (REGISTERED NUMBER: SO306893)

STATEMENT OF FINANCIAL POSITION
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 669,300 669,300

CURRENT ASSETS
Debtors 5 60,904 62,145
Cash at bank and in hand 82,420 85,105
143,324 147,250
CREDITORS
Amounts falling due within one year 6 5,306 3,041
NET CURRENT ASSETS 138,018 144,209
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO MEMBERS 807,318 813,509

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

14,190

20,381

MEMBERS' OTHER INTERESTS
Capital accounts 793,128 793,128
807,318 813,509

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 14,190 20,381
Members' other interests 793,128 793,128
807,318 813,509

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 29 February 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.

C&M NOSREDNA LLP (REGISTERED NUMBER: SO306893)

STATEMENT OF FINANCIAL POSITION - continued
29 FEBRUARY 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 16 January 2025 and were signed by:





Mr C C Anderson - Designated member

C&M NOSREDNA LLP (REGISTERED NUMBER: SO306893)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

C&M Nosredna 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.

Revenue
Revenue represents the value of rental income chargeable in respect of the company's investment property.
Revenue is recognised evenly over the period of the rental agreement.

Investment property
Investment property, which is property held to earn rentals, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure.

Subsequently it is measured at fair value at the reporting date. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Deferred tax is provided on these gains at the rate expected to apply if the property is sold at the balance sheet date.

Cash and cash equivalent
Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.

Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

3. EMPLOYEE INFORMATION

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023
and 29 February 2024 669,300
NET BOOK VALUE
At 29 February 2024 669,300
At 28 February 2023 669,300

The members consider the market values of the properties to be as stated in the accounts as at the year end.

C&M NOSREDNA LLP (REGISTERED NUMBER: SO306893)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 537 479
Other debtors 60,367 61,666
60,904 62,145

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,624 -
Other creditors 3,682 3,041
5,306 3,041

7. LOANS AND OTHER DEBTS DUE TO MEMBERS
2024 2023
£    £   
Amounts owed to members in respect of profits 14,190 20,381

Falling due within one year 14,190 20,381

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

8. RELATED PARTY DISCLOSURES

Included in other debtors is an amount of £59,517 (2023: £60,943) receivable from a connected entity with common members and directorship. The amount was interest free and repayable on demand.