Registration number:
Scotia Property LLP
Unaudited Financial Statements
for the period from 1 January 2023 to 31 March 2024
Scotia Property LLP
Contents
Financial Statements |
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Balance Sheet |
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Notes to the Financial Statements |
Scotia Property LLP
(Registration number: OC403317)
Balance Sheet as at 31 March 2024
Note |
31 March 2024 |
31 December 2022 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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- |
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Cash and short-term deposits |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Net assets attributable to members |
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Represented by: |
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Loans and other debts due to members |
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Members' capital classified as a liability |
- |
95,551 |
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Members’ other interests |
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Members' capital classified as equity |
235,599 |
164,047 |
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Other reserves |
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- |
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255,281 |
164,047 |
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255,281 |
259,598 |
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Total members' interests |
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Loans and other debts due to members |
- |
95,551 |
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Equity |
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255,281 |
259,598 |
For the year ending 31 March 2024 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied to limited liability partnerships, relating to small entities.
These financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.
Scotia Property LLP
(Registration number: OC403317)
Balance Sheet as at 31 March 2024 (continued)
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime, as applied to limited liability partnerships, and the option not to file the Profit and Loss Account or Members Report has been taken.
The members acknowledge their responsibilities for complying with the requirements of the Act, as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 with respect to accounting records and the preparation of accounts.
The financial statements of Scotia Property LLP (registered number OC403317) were approved by the
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Scotia Property LLP
Notes to the Financial Statements for the Period from 1 January 2023 to 31 March 2024
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
General information and basis of accounting
The limited liability partnership is incorporated in the United Kingdom under the Limited Liability Partnership Act 2000. The address of the registered office is given on the limited liability partnership information page.
The financial statements have been prepared under the historical cost convention, and in accordance with Financial Reporting Standard 102 (FRS 102) issued by the Financial Reporting Council and the requirements of the Statement of Recommended Practice Accounting by Limited Liability Partnerships (issued July 2014).
The functional currency of Scotia Property LLP is considered to be pounds sterling because that is the currency of the primary economic environment in which the limited liability partnership operates.
Revenue recognition
Revenue is recognised to the extent that the limited liability partnership obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received.
Tangible fixed assets
Tangible fixed assets are stated at cost.
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Motor vehicles |
25% on written down value |
Particulars of employees |
The average number of persons employed by the limited liability partnership during the period was
Scotia Property LLP
Notes to the Financial Statements for the Period from 1 January 2023 to 31 March 2024 (continued)
Tangible fixed assets |
Freehold land and buildings |
Motor vehicles |
Total |
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Cost |
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At 1 January 2023 |
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At 31 March 2024 |
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Depreciation |
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At 1 January 2023 |
- |
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Charge for the year |
- |
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At 31 March 2024 |
- |
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Net book value |
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At 31 March 2024 |
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At 31 December 2022 |
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Debtors |
31 March 2024 |
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Other debtors |
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Total current trade and other debtors |
19,868 |
Creditors: Amounts falling due within one year |
31 March 2024 |
31 December 2022 |
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Other creditors |
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Accruals and deferred income |
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- |
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Creditors: Amounts falling due after more than one year |
31 March 2024 |
31 December 2022 |
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Other creditors |
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