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REGISTERED NUMBER: SO301257 (Scotland)















Financial Statements for the Year Ended 31 March 2025

for

Reed Insulation LLP

Reed Insulation LLP (Registered number: SO301257)






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




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Reed Insulation LLP

General Information
for the Year Ended 31 March 2025







DESIGNATED MEMBERS: L Reed
Mrs S Cameron
Mrs. D M Reed





REGISTERED OFFICE: Old Kemback Primary School
Kemback
Cupar
Fife
KY15 5TS





REGISTERED NUMBER: SO301257 (Scotland)





ACCOUNTANTS: Monteaths
Cairnfield
14 School Road
Balmullo
St Andrews
Fife
KY16 0BD

Reed Insulation LLP (Registered number: SO301257)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,000 39,219

CURRENT ASSETS
Debtors 5 117,246 101,243
Cash at bank 6,451 14,023
123,697 115,266
CREDITORS
Amounts falling due within one year 6 4,510 10,471
NET CURRENT ASSETS 119,187 104,795
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

129,187

144,014

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

129,187

144,014

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 129,187 144,014
Amounts due from members 5 (117,246 ) (93,345 )
11,941 50,669

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 31 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.

Reed Insulation LLP (Registered number: SO301257)

Balance Sheet - continued
31 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 11 August 2025 and were signed by:





L Reed - Designated member

Reed Insulation LLP (Registered number: SO301257)

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

1. STATUTORY INFORMATION

Reed Insulation 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEE INFORMATION

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2024 10,000 74,974 84,974
Disposals - (74,974 ) (74,974 )
At 31 March 2025 10,000 - 10,000
DEPRECIATION
At 1 April 2024 - 45,755 45,755
Eliminated on disposal - (45,755 ) (45,755 )
At 31 March 2025 - - -
NET BOOK VALUE
At 31 March 2025 10,000 - 10,000
At 31 March 2024 10,000 29,219 39,219

Reed Insulation LLP (Registered number: SO301257)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors - 492
Other debtors 117,246 100,751
117,246 101,243

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade creditors - 5,416
Taxation and social security 3,310 3,555
Other creditors 1,200 1,500
4,510 10,471

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of a winding up loans and other debts due to members will be paid after other creditors. There are no restrictions on the ability of members to reduce the amount of Members' other interests.