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REGISTERED NUMBER: SO301670 (Scotland)













Unaudited Financial Statements

for the Period 1 April 2023 to 30 March 2024

for

ARCADE DEVELOPMENTS STIRLING LLP

ARCADE DEVELOPMENTS STIRLING LLP (REGISTERED NUMBER: SO301670)






Contents of the Financial Statements
FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ARCADE DEVELOPMENTS STIRLING LLP

General Information
FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024







DESIGNATED MEMBERS: K B Moore
Arcade Developments Limited





REGISTERED OFFICE: 6th Floor, Gordon Chambers
90 Mitchell Street
Glasgow
G1 3NQ





REGISTERED NUMBER: SO301670 (Scotland)





ACCOUNTANTS: BK Plus Ltd
6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
Lanarkshire
G1 3NQ

ARCADE DEVELOPMENTS STIRLING LLP (REGISTERED NUMBER: SO301670)

Balance Sheet
30 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 53,842 55,894
Investment property 5 3,000,000 3,000,000
3,053,842 3,055,894

CURRENT ASSETS
Debtors 6 1,714,148 790,205
Cash at bank 13,861 7,091
1,728,009 797,296
CREDITORS
Amounts falling due within one year 7 475,954 347,899
NET CURRENT ASSETS 1,252,055 449,397
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,305,897

3,505,291

CREDITORS
Amounts falling due after more than one
year

8

1,144,507

-
NET ASSETS ATTRIBUTABLE TO
MEMBERS

3,161,390

3,505,291

ARCADE DEVELOPMENTS STIRLING LLP (REGISTERED NUMBER: SO301670)

Balance Sheet - continued
30 MARCH 2024

2024 2023
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

3,533,216

3,877,117

MEMBERS' OTHER INTERESTS
Revaluation reserve 10 (371,826 ) (371,826 )
3,161,390 3,505,291

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 3,533,216 3,877,117
Members' other interests (371,826 ) (371,826 )
3,161,390 3,505,291

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 30 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 9 January 2025 and were signed by:





K B Moore - Designated member

ARCADE DEVELOPMENTS STIRLING LLP (REGISTERED NUMBER: SO301670)

Notes to the Financial Statements
FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024

1. STATUTORY INFORMATION

Arcade Developments Stirling 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 as modified by the revaluation of certain assets.

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 - 20% on a reducing balance basis and 10% on a reducing balance basis

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEE INFORMATION

The average number of employees during the period was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 295,829
Additions 3,864
At 30 March 2024 299,693
DEPRECIATION
At 1 April 2023 239,935
Charge for period 5,916
At 30 March 2024 245,851
NET BOOK VALUE
At 30 March 2024 53,842
At 31 March 2023 55,894

ARCADE DEVELOPMENTS STIRLING LLP (REGISTERED NUMBER: SO301670)

Notes to the Financial Statements - continued
FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 30 March 2024 3,000,000
NET BOOK VALUE
At 30 March 2024 3,000,000
At 31 March 2023 3,000,000

Cost or valuation at 31 March 2022 is represented by :

£
Revaluation (371,826 )
Cost 3,371,826
Valuation 3,000,000

The investment property was revalued by DM Hall Chartered Surveyors.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 11,715 36,408
Other debtors 1,702,433 753,797
1,714,148 790,205

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 154,146 -
Trade creditors 28,544 14,612
Taxation and social security 47,810 50,266
Other creditors 245,454 283,021
475,954 347,899

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 1,144,507 -

ARCADE DEVELOPMENTS STIRLING LLP (REGISTERED NUMBER: SO301670)

Notes to the Financial Statements - continued
FOR THE PERIOD 1 APRIL 2023 TO 30 MARCH 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 527,923 -

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 1,298,653 -

The bank loan is secured by a bond and floating charge over the assets of the company together with a personal guarantee by the director.

10. RESERVES
Revaluation
reserve
£   
At 1 April 2023 (371,826 )
At 30 March 2024 (371,826 )