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REGISTERED NUMBER: SO302501 (Scotland)















KENNETHS OF STRONACHULLIN LLP

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024






KENNETHS OF STRONACHULLIN LLP (REGISTERED NUMBER: SO302501)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 September 2024










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KENNETHS OF STRONACHULLIN LLP

GENERAL INFORMATION
For The Year Ended 30 September 2024







DESIGNATED MEMBERS: M K Broadfoot
D C Broadfoot
A D Broadfoot
I D Broadfoot
M J Broadfoot
K A Broadfoot





REGISTERED OFFICE: Stronachullin
Ardrishaig
Lochgilphead
Argyll
PA30 8ET





REGISTERED NUMBER: SO302501 (Scotland)






KENNETHS OF STRONACHULLIN LLP (REGISTERED NUMBER: SO302501)

BALANCE SHEET
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,470,996 1,456,389
Investments 5 945,619 1,061,512
2,416,615 2,517,901

CURRENT ASSETS
Debtors 6 51,697 42,763
Cash at bank 1,493,219 823,850
1,544,916 866,613
CREDITORS
Amounts falling due within one year 7 53,644 53,565
NET CURRENT ASSETS 1,491,272 813,048
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,907,887

3,330,949

CREDITORS
Amounts falling due after more than one
year

8

152,410

199,323
NET ASSETS ATTRIBUTABLE TO
MEMBERS

3,755,477

3,131,626

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

3,755,471

3,131,620

MEMBERS' OTHER INTERESTS
Capital accounts 6 6
3,755,477 3,131,626

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 3,755,471 3,131,620
Members' other interests 6 6
3,755,477 3,131,626

KENNETHS OF STRONACHULLIN LLP (REGISTERED NUMBER: SO302501)

BALANCE SHEET - continued
30 September 2024


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 30 September 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 9 April 2025 and were signed by:





D C Broadfoot - Designated member

KENNETHS OF STRONACHULLIN LLP (REGISTERED NUMBER: SO302501)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 September 2024


1. STATUTORY INFORMATION

Kenneths of Stronachullin 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.

Turnover
Turnover represents trading and rental income derived from the estate, excluding value added tax.

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.
Land and buildings - 2% on cost and 0% on cost
Plant and machinery etc - 25% on cost and 25% on reducing balance

Financial instruments
Basic financial instruments, including trade and other payables, bank and other loans are initially recognised at transaction price and are subsequently carried at amortised cost, using the effective interest rate method.

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.

Members' interests
A member's share in the profit or loss for the year is accounted for as an allocation.Unallocated profits and losses are included within "other reserves".

Fixed asset investments
Fixed asset investments represents the LLP's partnership interest in Allt Dearg Wind Farmers LLP.

3. EMPLOYEE INFORMATION

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

KENNETHS OF STRONACHULLIN LLP (REGISTERED NUMBER: SO302501)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 September 2024


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2023 1,568,393 134,753 1,703,146
Additions 25,142 29,047 54,189
At 30 September 2024 1,593,535 163,800 1,757,335
DEPRECIATION
At 1 October 2023 163,131 83,626 246,757
Charge for year 19,538 20,044 39,582
At 30 September 2024 182,669 103,670 286,339
NET BOOK VALUE
At 30 September 2024 1,410,866 60,130 1,470,996
At 30 September 2023 1,405,262 51,127 1,456,389

5. FIXED ASSET INVESTMENTS

Unlisted
Investment
£
COST

At 1 October 2023 1,061,512

Share of profits 1,784,490

Drawings (1,900,383 )

At 30 September 2024 945,619

The unlisted investment comprises a partnership interest in Allt Dearg Wind Farmers LLP.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 31,402 23,058
Other debtors 20,295 19,705
51,697 42,763

KENNETHS OF STRONACHULLIN LLP (REGISTERED NUMBER: SO302501)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 September 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Loans 46,913 46,902
Taxation and social security 500 532
Other creditors 6,231 6,131
53,644 53,565

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Loans 152,410 199,323

Loans repayable by instalments falling due in more than 5 years are £0 (2023, £6,703).

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank after those in relation to other creditors.

10. RELATED PARTY DISCLOSURES

On 3 October 2017 the partnership granted a fixed charge over its members interests in Allt Dearg Wind Farmers LLP. The partnership leases subjects on which a wind farm development is located to Allt Dearg Wind Farmers LLP. This lease expires on 19 December 2076 and has a current cost to Allt Dearg Wind Farmers LLP of £5 per annum. Included in creditors at 30 September 2024 is £199,323 (2023, £246,225) due to Allt Dearg Wind Farmers LLP in respect of interest free loans. The partnership is a member of Allt Dearg Wind Farmers LLP.

The partnership has provided security by way of joint and several guarantees in respect of a bank loan of £1,700,000 provided to Srondoire Hydro Limited in October 2014. The partnership leases subjects to Srondoire Hydro Limited on which a hydro scheme is constructed. The lease expires on 27 August 2044 and has a current cost of £3,000 per annum. Members of the LLP are directors of Srondoire Hydro Limited.

The partnership leases subjects to Srondoire Wind Farmers Limited on which a wind farm development is located. The lease expires on 19 December 2076 and has a current cost to Srondoire Wind Farmers Limited of £60,255 (2023, £36,094). A member of the LLP is a director of Srondoire Wind Farmers Limited.