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REGISTERED NUMBER: SO303236 (Scotland)















Financial Statements for the Year Ended 31st March 2025

for

Forestry Purposes LLP

Forestry Purposes LLP (Registered number: SO303236)






Contents of the Financial Statements
for the Year Ended 31st March 2025




Page

General Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Forestry Purposes LLP

General Information
for the Year Ended 31st March 2025







DESIGNATED MEMBERS: J Hurren
Mrs E M T Hurren





REGISTERED OFFICE: Farries, Kirk & McVean
Dumfries Enterprise Park
Heathhall
Dumfries
DUMFRIESSHIRE
DG1 3SJ





REGISTERED NUMBER: SO303236 (Scotland)





ACCOUNTANTS: Farries Kirk & McVean
Dumfries Enterprise Park
Heathhall
Dumfries
DUMFRIESSHIRE
DG1 3SJ

Forestry Purposes LLP (Registered number: SO303236)

Statement of Financial Position
31st March 2025

2025 2024
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 229,747 290,148
Investments 5 118,001 118,001
347,748 408,149

CURRENT ASSETS
Debtors 281,209 210,408
Cash at bank and in hand 78,832 90,199
360,041 300,607
CREDITORS
Amounts falling due within one year 6 (13,246 ) (39,729 )
NET CURRENT ASSETS 346,795 260,878
TOTAL ASSETS LESS CURRENT
LIABILITIES

694,543

669,027

CREDITORS
Amounts falling due after more than one year 7 (4,282 ) (9,433 )
NET ASSETS ATTRIBUTABLE TO
MEMBERS

690,261

659,594

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

690,261

659,594

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 690,261 659,594
Amounts due from members (281,209 ) (210,408 )
409,052 449,186

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.

Forestry Purposes LLP (Registered number: SO303236)

Statement of Financial Position - continued
31st March 2025


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 25th June 2025 and were signed by:




J Hurren - Designated member




Mrs E M T Hurren - Designated member


Forestry Purposes LLP (Registered number: SO303236)

Notes to the Financial Statements
for the Year Ended 31st March 2025

1. STATUTORY INFORMATION

Forestry Purposes 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided
Plant and machinery etc - 15% on reducing balance

The assets' residual values and useful lives are reviewed, and adjusted, if appropriate, at the end of each reporting period.

Financial instruments
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors
Trade debtors are amounts due from customers for the sale of goods and services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price and represent the full value of the goods and services charged to customers, including any amounts charged on for third parties.

Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date they are presented as non current liabilities.

Borrowings
Interest bearing borrowings are initially recorded at fair value, net of transaction costs. Interest bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transactions costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Provisions and contingencies
Provisions are recognised when the company has a present legal or constructive obligation as a result of past events; it is probable that an outflow of resources will be required to settle the obligation; and the amount of the obligation can be estimated reliably.

3. EMPLOYEE INFORMATION

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

Forestry Purposes LLP (Registered number: SO303236)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2025

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st April 2024 240,990 115,898 356,888
Disposals (58,511 ) - (58,511 )
At 31st March 2025 182,479 115,898 298,377
DEPRECIATION
At 1st April 2024 - 66,740 66,740
Charge for year - 1,890 1,890
At 31st March 2025 - 68,630 68,630
NET BOOK VALUE
At 31st March 2025 182,479 47,268 229,747
At 31st March 2024 240,990 49,158 290,148

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st April 2024
and 31st March 2025 118,001
NET BOOK VALUE
At 31st March 2025 118,001
At 31st March 2024 118,001

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 10 27,804
Trade creditors 2,480 1,576
Taxation and social security 10,756 10,349
13,246 39,729

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans 4,282 9,433

Amounts falling due in more than five years:

Repayable by instalments
Bounce Back Loan 4,282 9,433

Forestry Purposes LLP (Registered number: SO303236)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2025

8. LOANS AND OTHER DEBTS DUE TO MEMBERS
2025 2024
£    £   
Amounts owed to members in respect of profits 690,261 659,594

Falling due within one year 690,261 659,594

J Hurren £345,131
Mrs E M T Hurren £345,130