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REGISTERED NUMBER: SO300162 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

JOHN S PIRIE LLP

JOHN S PIRIE LLP (REGISTERED NUMBER: SO300162)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JOHN S PIRIE LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DESIGNATED MEMBERS: S A Wilson
Mrs M Wilson





REGISTERED OFFICE: Anderson House
9-11 Frithside Street
Fraserburgh
Aberdeenshire
AB43 9AB





REGISTERED NUMBER: SO300162 (Scotland)

JOHN S PIRIE LLP (REGISTERED NUMBER: SO300162)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 110,066 82,155

CURRENT ASSETS
Stocks 63,145 58,244
Debtors 6 369,457 376,235
Cash at bank and in hand 85,456 54,277
518,058 488,756
CREDITORS
Amounts falling due within one year 7 192,277 84,060
NET CURRENT ASSETS 325,781 404,696
TOTAL ASSETS LESS CURRENT
LIABILITIES

435,847

486,851

CREDITORS
Amounts falling due after more than one
year

8

266,246

130,884
NET ASSETS ATTRIBUTABLE TO
MEMBERS

169,601

355,967

LOANS AND OTHER DEBTS DUE TO
MEMBERS

165,601

347,967

MEMBERS' OTHER INTERESTS
Capital accounts 4,000 8,000
169,601 355,967

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 165,601 347,967
Members' other interests 4,000 8,000
169,601 355,967

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.

JOHN S PIRIE LLP (REGISTERED NUMBER: SO300162)

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 22 November 2024 and were signed by:





S A Wilson - Designated member

JOHN S PIRIE LLP (REGISTERED NUMBER: SO300162)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

John S Pirie LLP is registered in Scotland. The LLP's registered number and registered office address can be found on the General Information page.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The presentation currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest pound.

Going Concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

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

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 - 2% on cost
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held in call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

4. EMPLOYEE INFORMATION

The average number of employees during the year was 6 (2023 - 5 ) .

JOHN S PIRIE LLP (REGISTERED NUMBER: SO300162)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 April 2023 55,500 117,192 172,692
Additions - 63,316 63,316
Disposals - (72,200 ) (72,200 )
At 31 March 2024 55,500 108,308 163,808
DEPRECIATION
At 1 April 2023 - 90,537 90,537
Charge for year - 19,011 19,011
Eliminated on disposal - (55,806 ) (55,806 )
At 31 March 2024 - 53,742 53,742
NET BOOK VALUE
At 31 March 2024 55,500 54,566 110,066
At 31 March 2023 55,500 26,655 82,155

Cost or valuation at 31 March 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2020 (19,500 ) - (19,500 )
Cost 75,000 108,308 183,308
55,500 108,308 163,808

If land and buildings had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 75,000 75,000
Aggregate depreciation 25,500 24,000

Land and buildings were valued on an opening market basis on 31 March 2020 by Shepherd Chartered Surveyors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 309,064 348,107
Other debtors 60,393 28,128
369,457 376,235

JOHN S PIRIE LLP (REGISTERED NUMBER: SO300162)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 163,443 79,187
Taxation and social security 3,395 1,873
Other creditors 25,439 3,000
192,277 84,060

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 266,246 130,884