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REGISTERED NUMBER: SO307176 (Scotland)













REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

SILVERWITCH KENNELS LLP

SILVERWITCH KENNELS LLP (REGISTERED NUMBER: SO307176)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 MARCH 2024




Page

General Information 1

Report of the Members 2

Income Statement 3

Statement of Financial Position 4

Reconciliation of Members' Interests 6

Notes to the Financial Statements 8


SILVERWITCH KENNELS LLP

GENERAL INFORMATION
for the year ended 31 MARCH 2024







DESIGNATED MEMBERS: Mrs L C Little
Mrs S Mccall
K G Mccall





REGISTERED OFFICE: Floor 3 1-4 Atholl Crescent
Edinburgh
EH3 8HA





REGISTERED NUMBER: SO307176 (Scotland)





ACCOUNTANTS: Thomas Barrie & Co LLP
Atlantic House
1a Cadogan Street
Glasgow
G2 6QE

SILVERWITCH KENNELS LLP (REGISTERED NUMBER: SO307176)

REPORT OF THE MEMBERS
for the year ended 31 MARCH 2024

The members present their report with the financial statements of the LLP for the year ended 31 March 2024.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of boarding kennels.

DESIGNATED MEMBERS
The designated members during the year under review were:

Mrs L C Little
K C Little
Mrs S Mccall
K G Mccall

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The loss for the year before members' remuneration and profit shares was £5,241 (2023 - £28,264 profit).

MEMBERS' INTERESTS
Income profits and capital profits from the activities of the LLP are allocated amongst the members in their Agreed Proportions and shall be allocated to their current accounts when the accounts for each period are signed by the Designated Members. Each member shall be paid their share of profits when the members determine once the LLP has serviced its borrowings and has sufficient reserves to meet current and anticipated cash flow requirements.

ON BEHALF OF THE MEMBERS:





K G Mccall - Designated member


27 March 2025

SILVERWITCH KENNELS LLP (REGISTERED NUMBER: SO307176)

INCOME STATEMENT
for the year ended 31 MARCH 2024

2024 2023
Notes £    £   

TURNOVER 84,081 71,830

Raw materials and consumables (5,928 ) (3,418 )
Other external expenses (13,932 ) (10,722 )
64,221 57,690

Staff costs 3 (34,728 ) -
Depreciation (9,020 ) (9,735 )
Other operating expenses (25,697 ) (19,691 )
OPERATING (LOSS)/PROFIT 4 (5,224 ) 28,264


Interest payable and similar expenses (17 ) -
(LOSS)/PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION AND
PROFIT SHARES AVAILABLE FOR
DISCRETIONARY DIVISION AMONG
MEMBERS




(5,241




)




28,264

SILVERWITCH KENNELS LLP (REGISTERED NUMBER: SO307176)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 57,937 65,876

CURRENT ASSETS
Debtors 39,701 17,409
Cash at bank 5,402 12,210
45,103 29,619
CREDITORS
Amounts falling due within one year 6 (24,599 ) (12,747 )
NET CURRENT ASSETS 20,504 16,872
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

78,441

82,748

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

78,441

82,748

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 78,441 82,748
Amounts due from members (39,701 ) (17,409 )
38,740 65,339

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.

SILVERWITCH KENNELS LLP (REGISTERED NUMBER: SO307176)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2024


The financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 27 March 2025 and were signed by:





K G Mccall - Designated member

SILVERWITCH KENNELS LLP (REGISTERED NUMBER: SO307176)

RECONCILIATION OF MEMBERS' INTERESTS
for the year ended 31 MARCH 2024


EQUITY DEBT TOTAL
Members' Loans and other debts due to MEMBERS'
other members less any amounts due INTERESTS
interests from members in debtors

Other Other
reserves amounts Total
£    £    £   
Amount due to members 82,749
Amount due from members (17,409 )
Balance at 1 April 2023 - 65,340 65,340
Loss for the financial year available for
discretionary division among members

(5,241

)

-

(5,241

)

Members' interests after loss for the year (5,241 ) 65,340 60,099
Other divisions of loss 5,241 (5,241 ) -
Introduced by members - 12,075 12,075
Repayments of debt (including members'
capital classified as a liability)

-

(6,400

)

(6,400

)

Drawings on account and distributions
of profit

-

(27,034

)

(27,034

)

Amount due to members 78,441
Amount due from members (39,701 )
Balance at 31 March 2024 - 38,740 38,740

SILVERWITCH KENNELS LLP (REGISTERED NUMBER: SO307176)

RECONCILIATION OF MEMBERS' INTERESTS
for the year ended 31 MARCH 2024

EQUITY DEBT TOTAL
Members' Loans and other debts due to MEMBERS'
other members less any amounts due INTERESTS
interests from members in debtors

Other Other
reserves amounts Total
£    £    £   
Amount due to members 43,465
Amount due from members (8,672 )
Balance at 1 April 2022 - 34,793 34,793
Profit for the financial year available for
discretionary division among members

28,264

-

28,264

Members' interests after profit for the
year

28,264

34,793

63,057

Other divisions of profit (28,264 ) 28,264 -
Introduced by members - 43,282 43,282
Repayments of debt (including members'
capital classified as a liability)

-

(3,200

)

(3,200

)

Drawings on account and distributions
of profit

-

(37,800

)

(37,800

)

Amount due to members 82,748
Amount due from members (17,409 )
Balance at 31 March 2023 - 65,339 65,339

SILVERWITCH KENNELS LLP (REGISTERED NUMBER: SO307176)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 MARCH 2024

1. STATUTORY INFORMATION

Silverwitch Kennels LLP is registered in Scotland, registration number SO307176. The registered office is Floor 3 1-4 Atholl Crescent, Edinburgh, EH3 8HA.

The principal activity of the company is boarding kennels.

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.

The presentational and functional currency of the financial statements is Pounds Sterling (£).

Significant judgements and estimates
In preparing these financial statements, the members are required to make judgements, estimates and assumptions that affect the application of the LLP's accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to estimates are recognised prospectively.

The following judgements and estimates have had the most significant effects on amounts recognised in the financial statements:

Plant and equipment
The estimates and assumptions made to determine asset lives require judgements to be made as regards useful lives and residual values. The useful lives and residual values of the LLP's financial assets are determined by management at the time the asset is acquired and reviewed annually for appropriateness. The lives are based on management experience with similar assets. The depreciation rates applied are outlined later in these notes.

Turnover
Turnover is measured at the fair value of consideration received or receivable, taking into account the amount of any discounts and rebates allowed by the entity, but excluding value added tax and other sales taxes.

Services
Income from services is recognised when performed. Deposits are held as deferred income until the service is provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 20% on cost, 15% on cost and 2% on cost

The carrying values of tangible fixed assets are reviewed annually for impairment if events or changes in circumstances indicate the carrying values may not be recoverable.

SILVERWITCH KENNELS LLP (REGISTERED NUMBER: SO307176)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The LLP has financial assets and financial liabilities of a kind that qualify as basic financial instruments.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash and cash equivalents comprise cash balances, including bank overdrafts that are payable on demand and form an integral part of the company's cash management.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Provisions
Provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the liability. The unwinding of the discount is recognised as finance cost.

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.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 3 (2023 - NIL ) .

4. OPERATING (LOSS)/PROFIT

The operating loss (2023 - operating profit) is stated after charging:

2024 2023
£    £   
Depreciation - owned assets 9,019 9,737

SILVERWITCH KENNELS LLP (REGISTERED NUMBER: SO307176)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 82,442
Additions 1,080
At 31 March 2024 83,522
DEPRECIATION
At 1 April 2023 16,566
Charge for year 9,019
At 31 March 2024 25,585
NET BOOK VALUE
At 31 March 2024 57,937
At 31 March 2023 65,876

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 700 -
Other creditors 23,899 12,747
24,599 12,747

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up. There is no provision for specific legally enforceable protection afforded to creditors in such an event. There are no restrictions or limitations on the ability of the members to reduce the amount of 'Members' other interests.