REGISTERED NUMBER: SO305819 (Scotland)

REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2024

FOR

PORTEOUS ARCHITECTURE LLP

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DESIGNATED MEMBERS:

I D Porteous

Mrs F W A Porteous

REGISTERED OFFICE:

Stornoway Business Hub

9 Bank Street

Stornoway

Isle of Lewis

HS1 2XG

REGISTERED NUMBER:

SO305819 (Scotland)

ACCOUNTANTS:

CIB Services

Chartered Accountants

63 Kenneth Street

Stornoway

Isle of Lewis

Western Isles

HS1 2DS

The members present their report with the financial statements of the LLP for the year ended 5 April 2024.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of architects.

DESIGNATED MEMBERS

The designated members during the year under review were:

I D Porteous

Mrs F W A Porteous

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £15,070 (2023 - £23,798 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:

I D Porteous - Designated member

30 January 2025

53,166

TURNOVER

32,807

20,315

Cost of sales

11,623

32,851

GROSS PROFIT

21,184

8,693

Administrative expenses

6,114

24,158

OPERATING PROFIT

4

15,070

360

Interest payable and similar expenses

-

23,798

PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES

15,070

23,798

PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES

15,070

(23,798

)

Members' remuneration charged as an expense

5

(15,070

)

-

PROFIT FOR THE FINANCIAL YEAR AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS

-

FIXED ASSETS

13,058

Tangible assets

6

8,645

CURRENT ASSETS

1,690

Debtors

7

3,154

4,166

Cash at bank

14,621

5,856

17,775

CREDITORS

2,558

Amounts falling due within one year

8

2,518

3,298

NET CURRENT ASSETS

15,257

TOTAL ASSETS LESS CURRENT LIABILITIES

and

16,356

NET ASSETS ATTRIBUTABLE TO MEMBERS

23,902

16,356

LOANS AND OTHER DEBTS DUE TO MEMBERS

9

23,902

TOTAL MEMBERS' INTERESTS

16,356

Loans and other debts due to members

9

23,902

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 5 April 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 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 30 January 2025 and were signed by:

I D Porteous - Designated member

1.	STATUTORY INFORMATION

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

The presentation currency of the financial statements is the Pound Sterling (£).

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.

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.

Plant and machinery etc

-

33% on reducing balance, 33% on cost and 25% on reducing balance

3.	EMPLOYEE INFORMATION

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

4.	OPERATING PROFIT

The operating profit is stated after charging:

5.4.24

5.4.23

£

£

Depreciation - owned assets

4,413

6,372

5.	INFORMATION IN RELATION TO MEMBERS

5.4.24

5.4.23

£

£

Members' remuneration charged as an expense

Partners' salaries

15,070

23,798

6.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 6 April 2023

and 5 April 2024

79,373

DEPRECIATION

At 6 April 2023

66,315

Charge for year

4,413

At 5 April 2024

70,728

NET BOOK VALUE

At 5 April 2024

8,645

At 5 April 2023

13,058

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.24

5.4.23

£

£

Other debtors

3,154

1,690

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.24

5.4.23

£

£

Taxation and social security

-

79

Other creditors

2,518

2,479

2,518

2,558

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other accounts due to members (other than member's capital classified as debt) would rank after all other creditors.