Company No:
Contents
| Note | 31.03.2025 | 31.03.2024 | ||
| £ | £ | |||
| Fixed assets | ||||
| Tangible assets | 4 |
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| 7,557 | 1,983 | |||
| Current assets | ||||
| Debtors | 5 |
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| Investments | 6 |
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| Cash at bank and in hand | 7 |
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| 607,006 | 578,561 | |||
| Creditors: amounts falling due within one year | 8 | (
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| Net current assets | 491,433 | 379,608 | ||
| Total assets less current liabilities | 498,990 | 381,591 | ||
| Net assets attributable to members |
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| Represented by | ||||
| Loans and other debts due to members within one year | ||||
| Other amounts | 486,990 | 369,591 | ||
| 486,990 | 369,591 | |||
| Members' other interests | ||||
| Members' capital classified as equity | 12,000 | 12,000 | ||
| 12,000 | 12,000 | |||
| 498,990 | 381,591 | |||
| Total members' interests | ||||
| Loans and other debts due to members | 486,990 | 369,591 | ||
| Members' other interests | 12,000 | 12,000 | ||
| 498,990 | 381,591 |
Members' responsibilities:
The financial statements of Cairn Financial Advisers LLP (registered number:
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Liam Francis Murray
Designated member |
James Donald Bewley Caithie
Designated member |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.
Cairn Financial Advisers LLP is a limited liability partnership, incorporated in the United Kingdom under the Limited Liability Partnerships Act 2000 and is registered in England and Wales. The address of the LLP's registered office is 9th Floor 107 Cheapside, London, EC2V 6DN, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Limited Liability Partnerships Act 2000 as applicable to companies subject to the small companies regime and the requirements of the Statement of Recommended Practice Accounting by Limited Liability Partnerships issued in December 2021 (SORP 2022).
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.
| Plant and machinery etc. |
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The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.
The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.
| Year ended 31.03.2025 |
Period from 01.05.2023 to 31.03.2024 |
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| Number | Number | ||
| Monthly average number of persons employed by the LLP during the year |
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Profits are shared among the members in accordance with agreed profit sharing arrangements. Members are required to make their own provision for pensions from their profit shares.
| 31.03.2025 | 31.03.2024 | ||
| Number | Number | ||
| Average number of members during the financial year | 4 | 4 |
| Plant and machinery etc. | Total | ||
| £ | £ | ||
| Cost | |||
| At 01 April 2024 |
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| Additions |
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| At 31 March 2025 |
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| Accumulated depreciation | |||
| At 01 April 2024 |
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| Charge for the financial year |
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| At 31 March 2025 |
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| Net book value | |||
| At 31 March 2025 |
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| At 31 March 2024 |
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| 31.03.2025 | 31.03.2024 | ||
| £ | £ | ||
| Trade debtors |
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| Other debtors |
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| 31.03.2025 | 31.03.2024 | ||
| £ | £ | ||
| Investments |
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| 31.03.2025 | 31.03.2024 | ||
| £ | £ | ||
| Cash at bank and in hand |
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| Short-term deposits |
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| 281,444 | 350,013 |
| 31.03.2025 | 31.03.2024 | ||
| £ | £ | ||
| Trade creditors |
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| Other taxation and social security |
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| Other creditors |
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