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REGISTERED NUMBER: SO303661 (Scotland)















Financial Statements For The Period 1 December 2022 to 31 March 2024

for

Drumalbyn Properties LLP

Drumalbyn Properties LLP (Registered number: SO303661)






Contents of the Financial Statements
For The Period 1 December 2022 to 31 March 2024




Page

General Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Drumalbyn Properties LLP

General Information
For The Period 1 December 2022 to 31 March 2024







DESIGNATED MEMBERS: A G Hogg
Albyn Solutions Ltd





REGISTERED OFFICE: 65 Northumberland Street
Edinburgh
EH3 6JQ





REGISTERED NUMBER: SO303661 (Scotland)





ACCOUNTANTS: Robb Ferguson Chartered Accountants
Regent Court
70 West Regent Street
Glasgow
G2 2QZ

Drumalbyn Properties LLP (Registered number: SO303661)

Statement of Financial Position
31 March 2024

2024 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 650,999 728,849
Cash at bank 404 10,712
651,403 739,561
CREDITORS
Amounts falling due within one year 5 83,771 81,018
NET CURRENT ASSETS 567,632 658,543
TOTAL ASSETS LESS CURRENT
LIABILITIES

567,632

658,543

CREDITORS
Amounts falling due after more than one
year

6

564,621

623,015
NET ASSETS ATTRIBUTABLE TO
MEMBERS

3,011

35,528

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

3,011

35,528

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 3,011 35,528

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 period 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.

Drumalbyn Properties LLP (Registered number: SO303661)

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.

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 31 January 2025 and were signed by:





A G Hogg - Designated member

Drumalbyn Properties LLP (Registered number: SO303661)

Notes to the Financial Statements
For The Period 1 December 2022 to 31 March 2024

1. STATUTORY INFORMATION

Drumalbyn Properties 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 as rent received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

3. EMPLOYEE INFORMATION

The average number of employees during the period was NIL (2022 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Trade debtors - 77,850
Other debtors 650,999 650,999
650,999 728,849

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Bank loans and overdrafts 62,389 62,389
Trade creditors 1 -
Other creditors 19,216 13,429
Accruals and deferred income 2,165 5,200
83,771 81,018

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2022
£    £   
Bank loans - 1-2 years 62,389 62,389
Bank loans - 2-5 years 502,232 560,626
564,621 623,015

Drumalbyn Properties LLP (Registered number: SO303661)

Notes to the Financial Statements - continued
For The Period 1 December 2022 to 31 March 2024

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2022
£    £   
Bank loans 627,010 685,404

The Royal Bank of Scotland plc hold a floating charge over the property and assets of the LLP.

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members' would rank in equal weighting in relation to other creditors.