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REGISTERED NUMBER: OC407498 (England and Wales)








































Allan James Scott LLP

Report of the Members and

Financial Statements

for the Year Ended 31st March 2025






Allan James Scott LLP (Registered number: OC407498)






Contents of the Financial Statements
for the year ended 31st March 2025




Page

General information 1

Report of the members 2

Accountants' report 3

Income statement 4

Balance sheet 5 to 6

Notes to the financial statements 7 to 9


Allan James Scott LLP

General Information
for the year ended 31st March 2025







Designated members: Mrs Amy Justine Malley
Allan James Scott





Registered office: 60 Oliver Road
Wooler
Northumberland
NE71 6NT





Registered number: OC407498 (England and Wales)





Accountants: Rennie Welch LLP
Academy House
Shedden Park Road
Kelso
Roxburghshire
TD5 7AL

Allan James Scott LLP (Registered number: OC407498)

Report of the Members
for the year ended 31st March 2025

The members present their report with the financial statements of the LLP for the year ended 31st March 2025.

Principal activity
The principal activity of the LLP in the year under review was that of the provision of farming.

Designated members
The designated members during the year under review were:

Mrs Amy Justine Malley
Allan James Scott

Results for the year and allocation to members
The loss for the year before members' remuneration and profit shares was £10,523 (2024 - £15,205 loss).

Members' interests
Members are permitted to make drawings in anticipation of profits which will be allocated to them. The amount of such drawings is determined on a monthly basis, taking into account the cash needs of the LLP.

New members are not required to subscribe a minimum level of capital but in subsequent years members are invited to subscribe for further capital, the amounts of which are determined by the performance of the LLP. On retirement, capital is repaid to members over specified periods of time.

Statement of members' responsibilities
The members are responsible for preparing the Report of the members and the financial statements in accordance with applicable law and regulations.

Legislation applicable to limited liability partnerships requires the members to prepare financial statements for each financial year. Under that law the members have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under legislation applicable to limited liability partnerships the members must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the LLP and of the profit or loss of the LLP for that period. In preparing these financial statements, the members are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the LLP will continue in business.

The members are responsible for keeping adequate accounting records that are sufficient to show and explain the LLP's transactions and disclose with reasonable accuracy at any time the financial position of the LLP and enable them to ensure that the financial statements comply with the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008. They are also responsible for safeguarding the assets of the LLP and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

On behalf of the members:





Allan James Scott - Designated member


12th May 2025

Accountants' Report to the Members
on the Unaudited Financial Statements of
Allan James Scott LLP


In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of Allan James Scott LLP for the year ended 31st March 2025 on pages four to nine from the LLP's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at their website.

This report is made solely to the members of Allan James Scott LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Allan James Scott LLP and state those matters that we have agreed to state to the members of Allan James Scott LLP, as a body, in this report in accordance with the requirements of ICAS as detailed at their website. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that Allan James Scott LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Allan James Scott LLP. You consider that Allan James Scott LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Allan James Scott LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Rennie Welch LLP
Academy House
Shedden Park Road
Kelso
Roxburghshire
TD5 7AL


12th May 2025

Allan James Scott LLP (Registered number: OC407498)

Income Statement
for the year ended 31st March 2025

2025 2024
Notes £    £   

Turnover 22,317 18,268

Cost of sales (11,794 ) (14,363 )
Gross profit 10,523 3,905

Administrative expenses (21,046 ) (19,110 )
Operating loss and
Loss for the financial year before
members' remuneration and profit
shares


(10,523


)


(15,205


)

Loss for the financial year before
members' remuneration and profit
shares


(10,523


)


(15,205


)

Members' remuneration charged as an
expense

4

10,523

15,205
Profit for the financial year available for
discretionary division among members

-

-

Allan James Scott LLP (Registered number: OC407498)

Balance Sheet
31st March 2025

2025 2024
Notes £    £    £   
Fixed assets
Tangible assets 5 23,953 31,348

Current assets
Stocks 24,280 20,688
Debtors 6 34,005 20,818
Cash at bank 1,328 1,382
59,613 42,888
Creditors
Amounts falling due within one year 7 1,376 2,239
Net current assets 58,237 40,649
Total assets less current liabilities
and
Net assets attributable to members 82,190 71,997

Loans and other debts due to
members

8

82,190

71,997

Total members' interests
Loans and other debts due to members 8 82,190 71,997
Amounts due from members 6 (29,629 ) (16,544 )
52,561 55,453

Allan James Scott LLP (Registered number: OC407498)

Balance Sheet - continued
31st March 2025


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 March 2025.

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 12th May 2025 and were signed by:





Allan James Scott - Designated member

Allan James Scott LLP (Registered number: OC407498)

Notes to the Financial Statements
for the year ended 31st March 2025

1. Statutory information

Allan James Scott LLP is registered in England and Wales. 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 the total invoice value, excluding value added tax, of sales invoiced during the year, or the fair value of services provided for amounts not invoiced at the year end.

Turnover arising from the sale of goods is recognised when the significant risks and rewards of ownership have passed to the buyer. Turnover arising from the provision of services is recognised as contract activity progresses and the right to consideration is earned. Unbilled turnover is included in debtors as amounts recoverable on contracts.

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 - 25% on reducing balance and 20% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Stocks
Stock is valued at the lower of cost and net realisable value. Cost includes all direct expenditure and appropriate proportion of fixed and variable overheads. Net realisable value is based on estimated selling prices.

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

Trade debtors, trade creditors 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.

Allan James Scott LLP (Registered number: OC407498)

Notes to the Financial Statements - continued
for the year ended 31st March 2025

2. Accounting policies - continued

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 members have considered the company's financial position for a period of 12 months and beyond from the date of signing these financial statements and have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.

3. Employee information

The average number of employees during the year was 1 (2024 - 1 ) .

4. Information in relation to members
2025 2024
£    £   
Members' remuneration charged as an expense
Automatic division of loss (10,523 ) (15,205 )

5. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1st April 2024
and 31st March 2025 50,255
Depreciation
At 1st April 2024 18,907
Charge for year 7,395
At 31st March 2025 26,302
Net book value
At 31st March 2025 23,953
At 31st March 2024 31,348

6. Debtors: amounts falling due within one year
2025 2024
£    £   
Other debtors 34,005 20,818

7. Creditors: amounts falling due within one year
2025 2024
£    £   
Trade creditors 161 1,024
Other creditors 1,215 1,215
1,376 2,239

Allan James Scott LLP (Registered number: OC407498)

Notes to the Financial Statements - continued
for the year ended 31st March 2025

8. Loans and other debts due to members

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