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Company No: OC351689 (England and Wales)

CAIRN FINANCIAL ADVISERS LLP

Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

CAIRN FINANCIAL ADVISERS LLP

Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

CAIRN FINANCIAL ADVISERS LLP

STATEMENT OF FINANCIAL POSITION

As at 31 March 2025
CAIRN FINANCIAL ADVISERS LLP

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2025
Note 31.03.2025 31.03.2024
£ £
Fixed assets
Tangible assets 4 7,557 1,983
7,557 1,983
Current assets
Debtors 5 137,153 167,306
Investments 6 188,409 61,242
Cash at bank and in hand 7 281,444 350,013
607,006 578,561
Creditors: amounts falling due within one year 8 ( 115,573) ( 198,953)
Net current assets 491,433 379,608
Total assets less current liabilities 498,990 381,591
Net assets attributable to members 498,990 381,591
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

For the financial year ending 31 March 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

Members' responsibilities:

The financial statements of Cairn Financial Advisers LLP (registered number: OC351689) were approved and authorised for issue by the Board of Directors on 08 July 2025. They were signed on its behalf by:

Liam Francis Murray
Designated member
James Donald Bewley Caithie
Designated member
CAIRN FINANCIAL ADVISERS LLP

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
CAIRN FINANCIAL ADVISERS LLP

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
1. Accounting policies

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.

General information and basis of accounting

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

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Impairment of assets

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.

Financial instruments

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.

Provisions

Provisions are recognised when the LLP has a present obligation (legal or constructive) as a result of a past event, it is probable that the LLP will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

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.

2. Employees

Year ended
31.03.2025
Period from
01.05.2023 to
31.03.2024
Number Number
Monthly average number of persons employed by the LLP during the year 6 6

3. Members' remuneration

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

4. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 April 2024 85,579 85,579
Additions 10,600 10,600
At 31 March 2025 96,179 96,179
Accumulated depreciation
At 01 April 2024 83,596 83,596
Charge for the financial year 5,026 5,026
At 31 March 2025 88,622 88,622
Net book value
At 31 March 2025 7,557 7,557
At 31 March 2024 1,983 1,983

5. Debtors

31.03.2025 31.03.2024
£ £
Trade debtors 87,957 116,667
Other debtors 49,196 50,639
137,153 167,306

6. Current asset investments

31.03.2025 31.03.2024
£ £
Investments 188,409 61,242

7. Cash and cash equivalents

31.03.2025 31.03.2024
£ £
Cash at bank and in hand 124,890 350,013
Short-term deposits 156,554 0
281,444 350,013

8. Creditors: amounts falling due within one year

31.03.2025 31.03.2024
£ £
Trade creditors 30,189 40,022
Other taxation and social security 75,362 75,052
Other creditors 10,022 83,879
115,573 198,953

The entity operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the entity in an independently administered fund. Employers' contributions totalling £440 (2023 - £440) were payable to the fund at the reporting date and are included in creditors.