IRIS Accounts Production v24.3.0.553 SO302958 designated member 1.4.23 31.3.24 31.3.24 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSO3029582023-03-31SO3029582024-03-31SO3029582023-04-012024-03-31SO3029582022-03-31SO3029582022-04-012023-03-31SO3029582023-03-31SO302958ns15:Scotland2023-04-012024-03-31SO302958ns14:PoundSterling2023-04-012024-03-31SO302958ns10:PartnerLLP12023-04-012024-03-31SO302958ns10:LimitedLiabilityPartnershipLLP2023-04-012024-03-31SO302958ns10:SmallEntities2023-04-012024-03-31SO302958ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-31SO302958ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-31SO302958ns10:LimitedLiabilityPartnershipsSORP2023-04-012024-03-31SO302958ns10:AbridgedAccounts2023-04-012024-03-31SO302958ns10:PartnerLLP22023-04-012024-03-31SO302958ns10:PartnerLLP32023-04-012024-03-31SO302958ns10:PartnerLLP42023-04-012024-03-31SO302958ns10:RegisteredOffice2023-04-012024-03-31SO302958ns5:CurrentFinancialInstruments2024-03-31SO302958ns5:CurrentFinancialInstruments2023-03-31SO302958ns5:Non-currentFinancialInstruments2024-03-31SO302958ns5:Non-currentFinancialInstruments2023-03-31
REGISTERED NUMBER: SO302958 (Scotland)















Abridged Unaudited Financial Statements for the Year Ended 31 March 2024

for

Murrayfield Sports Club Westfield Road
LLP

Murrayfield Sports Club Westfield Road
LLP (Registered number: SO302958)






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


Murrayfield Sports Club Westfield Road
LLP

General Information
for the Year Ended 31 March 2024







DESIGNATED MEMBERS: S P Devine
Murrayfield Sports Bar Ltd.
F W Devine
B S Devine





REGISTERED OFFICE: 14 Rutland Square
Edinburgh
EH1 2BD





REGISTERED NUMBER: SO302958 (Scotland)





ACCOUNTANTS: Gibson McKerrell Burrows Limited
28 Rutland Square
Edinburgh
EH1 2BW

Murrayfield Sports Club Westfield Road
LLP (Registered number: SO302958)

Abridged Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 164,133 171,543

CURRENT ASSETS
Stocks 3,000 3,000
Cash at bank 1,221 1,210
4,221 4,210
CREDITORS
Amounts falling due within one year 49,909 49,455
NET CURRENT LIABILITIES (45,688 ) (45,245 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

118,445

126,298

CREDITORS
Amounts falling due after more than one
year

12,388

22,388
NET ASSETS ATTRIBUTABLE TO
MEMBERS

106,057

103,910

LOANS AND OTHER DEBTS DUE TO
MEMBERS

5

106,057

103,910

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 5 106,057 103,910

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.

Murrayfield Sports Club Westfield Road
LLP (Registered number: SO302958)

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 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 Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 28 January 2025 and were signed by:





S P Devine - Designated member

Murrayfield Sports Club Westfield Road
LLP (Registered number: SO302958)

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

1. STATUTORY INFORMATION

Murrayfield Sports Club Westfield Road 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. Turnover is attributable to the company's principal activity of a sports bar.

Tangible fixed assets
Tangible fixed assets are initially measured at cost. Cost includes the original purchase price and costs directly attributable to bringing the asset to its present location and into its present condition. After initial recognition, the assets are measured at cost less any accumulated depreciation and any accumulated impairment losses. Freehold properties are subsequently measured at their revalued amount, being the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter. Land is not depreciated.

Motor vehicles - 25% reducing balance
Plant and machinery - 20% reducing balance

Depreciation and impairment losses are charged to the Income Statement within administrative expenses.
The assets' residual values and useful lives are reviewed, and adjusted, if appropriate, at the end of each reporting period. The effect of any change is accounted for prospectively.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The loss is recognised immediately in the Income Statement.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and payables, loans from banks and other third parties.

At the end of each reporting period, financial assets that are measured at cost are assessed for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Income Statement. If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in the Income Statement.

Financial assets are derecognised when (a) the contractual rights to the cash flows arising from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party, or (c) control of the asset has been transferred to another party.

Financial liabilities are measured at amortised cost less any accumulated impairment losses. Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

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.

Murrayfield Sports Club Westfield Road
LLP (Registered number: SO302958)

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

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2023 - 13 ).

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 195,249
Disposals (18,200 )
At 31 March 2024 177,049
DEPRECIATION
At 1 April 2023 23,706
Charge for year 4,171
Eliminated on disposal (14,961 )
At 31 March 2024 12,916
NET BOOK VALUE
At 31 March 2024 164,133
At 31 March 2023 171,543

5. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up. There is no provision for specific legally enforceable protection afforded to creditors in such an event.