REGISTERED NUMBER: SO307321 (Scotland)

Culross Edenvale LLP

Financial Statements

for the Year Ended 31st July 2024

Page

General information

1

Balance sheet

2

to

3

Notes to the financial statements

4

Designated members:

G C C Leslie

Ms D Demaine

Registered office:

Academy House

Shedden Park Road

Kelso

TD5 7AL

Registered number:

SO307321 (Scotland)

Accountants:

Rennie Welch LLP

Academy House

Shedden Park Road

Kelso

Roxburghshire

TD5 7AL

Current assets

Debtors

4

28,069

7,236

Cash at bank

51

2

28,120

7,238

Creditors

Amounts falling due within one year

5

28,120

773

Net current assets

-

6,465

Total assets less current liabilities

and

Net assets attributable to members

-

6,465

Loans and other debts due to members

6

-

6,465

Total members' interests

Loans and other debts due to members

6

-

6,465

Amounts due from members

4

(28,069

)

-

(28,069

)

6,465

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 31st July 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 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 4th April 2025 and were signed by:

G C C Leslie - Designated member

1.	Statutory information

Culross Edenvale 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.

Financial instruments

The following assets and liabilities are classified as financial instruments - trade creditors, other loans and accruals.

Trade creditors, other loans and accruals are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Income Statement.

Members remuneration

Profits and losses are automatically divided between members in accordance with the terms of the LLP agreement, and hence there are no unallocated profits or losses.

Provisions

Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Going concern

The LLP property rental business activity ended 13 April 2022.

3.	Employee information

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

4.

Debtors: amounts falling due within one year

2024

2023

£

£

Other debtors

28,069

7,236

5.

Creditors: amounts falling due within one year

2024

2023

£

£

Trade creditors

27,620

197

Other creditors

500

576

28,120

773

6.

Loans and other debts due to members

Capital loans and other debts due to members rank behind creditors, in accordance with the members' agreement.