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REGISTERED NUMBER: SO307518 (Scotland)




















Unaudited Financial Statements

for the Period 1 June 2023 to 31 March 2024

for

Blair Cadell LLP

Blair Cadell LLP (Registered number: SO307518)






Contents of the Financial Statements
for the Period 1 June 2023 to 31 March 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 5


Blair Cadell LLP

General Information
for the Period 1 June 2023 to 31 March 2024







DESIGNATED MEMBERS: A N G Macdonald
S M Masterton
K E Vanderburg Sole





REGISTERED OFFICE: The Bond House
5 Breadalbane Street
Edinburgh
EH6 5JH





REGISTERED NUMBER: SO307518 (Scotland)





ACCOUNTANTS: Whitelaw Wells
9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT

Blair Cadell LLP (Registered number: SO307518)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 314,597 323,889
314,597 323,889

CURRENT ASSETS
Stocks 111,020 80,431
Debtors 6 55,664 42,105
Cash at bank and in hand 75,687 145,800
242,371 268,336
CREDITORS
Amounts falling due within one year 7 87,788 142,019
NET CURRENT ASSETS 154,583 126,317
TOTAL ASSETS LESS CURRENT LIABILITIES 469,180 450,206

CREDITORS
Amounts falling due after more than one
year

8

17,960

22,480
NET ASSETS ATTRIBUTABLE TO MEMBERS 451,220 427,726

Blair Cadell LLP (Registered number: SO307518)

Balance Sheet - continued
31 March 2024

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

9

146,120

122,626

MEMBERS' OTHER INTERESTS
Capital accounts 305,100 305,100
451,220 427,726

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 146,120 122,626
Members' other interests 305,100 305,100
451,220 427,726

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.

Blair Cadell LLP (Registered number: SO307518)

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 1 November 2024 and were signed by:





A N G Macdonald - Designated member

Blair Cadell LLP (Registered number: SO307518)

Notes to the Financial Statements
for the Period 1 June 2023 to 31 March 2024

1. STATUTORY INFORMATION

Blair Cadell 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.

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

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.

Website costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - Nil
Plant and machinery etc - 20% on reducing balance and 20% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

3. EMPLOYEE INFORMATION

The average number of employees during the period was 13 (2023 - 12 ) .

Blair Cadell LLP (Registered number: SO307518)

Notes to the Financial Statements - continued
for the Period 1 June 2023 to 31 March 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 June 2023
and 31 March 2024 6,960
AMORTISATION
At 1 June 2023
and 31 March 2024 6,960
NET BOOK VALUE
At 31 March 2024 -
At 31 May 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 June 2023 300,000 153,700 453,700
Additions - 1,973 1,973
Disposals - (93,763 ) (93,763 )
At 31 March 2024 300,000 61,910 361,910
DEPRECIATION
At 1 June 2023 - 129,811 129,811
Charge for period - 9,148 9,148
Eliminated on disposal - (91,646 ) (91,646 )
At 31 March 2024 - 47,313 47,313
NET BOOK VALUE
At 31 March 2024 300,000 14,597 314,597
At 31 May 2023 300,000 23,889 323,889

Blair Cadell LLP (Registered number: SO307518)

Notes to the Financial Statements - continued
for the Period 1 June 2023 to 31 March 2024

5. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 March 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Cost 300,000 61,910 361,910

Land and buildings are valued at cost, subject to revaluation at the members' discretion. Gains or losses on revaluation are allocated between members' property capital accounts proportionate to each member's interest in the relevant property.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Outstanding fees 5,536 12,433
Other debtors 360 -
Clients bank 1,177,245 877,654
Due from clients 8,035 5,553
Due to clients (1,164,374 ) (873,990 )
Prepayments and accrued income 28,862 20,455
55,664 42,105

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,684 14,848
Trade creditors 8,866 -
VAT 29,128 64,604
Other creditors 19,819 13,956
Sundry creditors 20,291 48,611
87,788 142,019

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 17,960 22,480

Blair Cadell LLP (Registered number: SO307518)

Notes to the Financial Statements - continued
for the Period 1 June 2023 to 31 March 2024

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of an insolvency, members rank behind all other creditors and are entitled to payment of surplus only after all creditors and costs of liquidation have been paid.