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Registered number: SO307968

Fife Architects LLP

FINANCIAL STATEMENTS
FOR THE 379 DAY PERIOD ENDED 31 MARCH 2025

Prepared By:
Cunningham Grant
Chartered Accountants
Unit G6, The Granary Business Centre
Coal Road, Cupar
Fife
KY15 5YQ

Fife Architects LLP

CONTENTS
Page
Report of the Members-
Report of the Accountants-
Profit and Loss Account-
Balance Sheet3
Notes to the Accounts4
The following do not form part of the statutory financial statements:
Trading and Profit and Loss Account-
Profit and Loss Account Summaries-
Capital Accounts-
Current Accounts-

Fife Architects LLP

FINANCIAL STATEMENTS
FOR THE 379 DAY PERIOD ENDED 31 MARCH 2025
DESIGNATED MEMBERS
Fermin Beltran Dos Santos (appointed 18 March 2024)
Lucy Beltran Dos Santos (appointed 18 March 2024)
REGISTERED OFFICE
Unit 3
15 Station Road
St. Monans, Anstruther
Fife
KY10 2BL
COMPANY NUMBER
SO307968
ACCOUNTANTS
Cunningham Grant
Chartered Accountants
Unit G6, The Granary Business Centre
Coal Road, Cupar
Fife
KY15 5YQ

Fife Architects LLP

BALANCE SHEET AT 31 March 2025
2025
Notes£
FIXED ASSETS
Tangible assets38,004
CURRENT ASSETS
Debtors48,479
8,479
CREDITORS: Amounts falling due within one year523,391
NET CURRENT LIABILITIES(14,912)
TOTAL ASSETS LESS CURRENT LIABILITIES(6,908)
CREDITORS: Amounts falling due after more than oneyear67,439
NET LIABILITIES ATTRIBUTABLE TO MEMBERS(14,347)
LOANS AND OTHER DEBTS DUE TO MEMBERS82,640
MEMBERS ' OTHER INTERESTS
Capital accounts(16,987)
(14,347)
TOTAL MEMBERS' INTERESTS
Loans and other debts due to members82,640
Members' other interests(16,987)
(14,347)
For the year ending 31 March 2025 the LLP was entitled to exemption under section 477 of the Companies Act 2006 as modified by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts as modified 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime modified by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to small LLPs.
The members have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the members on 19 June 2025 and signed on their behalf by
.............................
Lucy Beltran Dos Santos (appointed 18 March 2024)
Designated Member

Fife Architects LLP

NOTES TO THE ACCOUNTS
FOR THE 379 DAY PERIOD ENDED 31 MARCH 2025
1. ACCOUNTING POLICIES
1a. General Information And Basis Of Accounting
Fife Architects LLP isa Limited Liability Partnership incorporated in Scotland. The address of the registered office is given in the company information on page 1 of these financial statements.
The 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. There were no material departures from that standard.
The financial statements are presented in sterling which is the functional currency of the company and are rounded to the nearest £1. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise shown.
1b. Turnover
Turnover is recognised as the fair value of the consideration received or receivable for services provided in the normal course of business, net of VAT and trade discounts.
Turnover is recognised when significant risks and rewards have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
1c. Depreciation
Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.
Depreciation has been provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:
Equipmentstraight line25%
1d. Cash And Cash Equivalents
Cash and cash equivalents are basic financial instruments which include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Fife Architects LLP

1e. Financial Instruments
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
1f. Taxation
Members are personally liable for taxation on their share of the partnership profits. Consequently no provision for taxation is made in the financial statements in respect of members' tax liabilities, and the profits are shown without deduction of tax.
1g. Pension Costs
The LLP operates a defined contribution pension scheme. The pension charge represents the amounts payable by the LLP to the fund in respect of the year.
1h. Government Grants
Revenue grants are recognised in profit and loss in the year in which they are received. Capital grants received are treated as deferred credits and credited to profit and loss account over the estimated useful life of the relevant fixed assets.
1i. Critical Accounting Estimates And Judgements
In the application of the LLP's accounting policies, the members are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources.
The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
2. EMPLOYEES
2025
No.No.
Average number of employees4

Fife Architects LLP

3. TANGIBLE FIXED ASSETS
EquipmentTotal
££
Cost
Additions10,67310,673
At 31 March 202510,67310,673
Depreciation
For the 379 day period2,6692,669
At 31 March 20252,6692,669
Net Book Amounts
At 31 March 20258,0048,004
4. DEBTORS 2025
£
Amounts falling due within one year:
Trade debtors7,185
Other Debtors1,294
8,479
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
£
Bank loans and overdrafts10,755
Taxation and social security10,671
Other creditors1,965
23,391

Fife Architects LLP

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025
£
Bank loans and overdrafts7,439
7,439
7. OTHER FINANCIAL COMMITMENTS
At 31 March 2025 the company was committed to making the following payments under non-cancellable operating leases in the forthcoming financial year:
2025
£
Operating Leases which expire:
Within one year2,645
Within two to five years25,986
8. LOANS AND OTHER DEBTS DUE TO MEMBERS 2025
£
Amounts due to members2,640
The loans and debts due to members rank equally with debts due to ordinary creditors in a winding up.