Limited Liability Partnership registration number SO304523 (Scotland)
BOTHWELL SURGERY LLP
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
BOTHWELL SURGERY LLP
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
BOTHWELL SURGERY LLP
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment property
3
1,200,000
1,200,000
Current assets
Debtors
4
536
10,434
Cash at bank and in hand
54,783
52,735
55,319
63,169
Creditors: amounts falling due within one year
5
(5,981)
(9,949)
Net current assets
49,338
53,220
Total assets less current liabilities and net assets attributable to members
1,249,338
1,253,220
Represented by:
Loans and other debts due to members within one year
Amounts due in respect of profits
513,978
517,860
Members' other interests
Revaluation reserve
735,360
735,360
1,249,338
1,253,220
For the financial year ended 31 March 2025 the limited liability partnership 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 relating to small limited liability partnerships.
The members acknowledge their responsibilities for complying with the requirements of the Act as applied to limited liability partnerships with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to limited liability partnerships subject to the small limited liability partnerships regime.
The members of the limited liability partnership have elected not to include a copy of the profit and loss account within the financial statements.
The financial statements were approved by the members and authorised for issue on
1 August 2025
01 August 2025
and are signed on their behalf by:
MR A B BRAIDWOOD
Mr A B Braidwood
Designated member
Limited Liability Partnership registration number SO304523 (Scotland)
BOTHWELL SURGERY LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Limited liability partnership information
Bothwell Surgery LLP is a limited liability partnership incorporated in Scotland. The registered office is 1 Rosendale Way, Blantyre, Glasgow, G72 0NJ.
The limited liability partnership's principal activities are disclosed in the Members' Report.
1.1
Accounting convention
These financial statements have been prepared in accordance with the Statement of Recommended Practice "Accounting by Limited Liability Partnerships" issued in December 2021, together with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the limited liability partnership. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
At the time of approving the financial statements, the members have a reasonable expectation that the limited liability partnership has adequate resources to continue in operational existence for the foreseeable future. Thus the members continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3
Turnover
Turnover is measured at the fair value of the consideration received or receivable.
Turnover represents the rent receivable on the investment property when it falls due.
1.4
Investment property
The investment properties are included at fair value with any gains or losses recognised in the income statement.
1.5
Cash and cash equivalents
Cash and cash equivalents in the balance sheet comprises cash at bank with a short term of maturity, being twelve months or less, from the opening of the account.
1.6
Financial instruments
The LLP only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade debtors and creditors. These are measured at amortised cost and are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.
BOTHWELL SURGERY LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
2
Employees
The average number of persons (excluding members) employed by the partnership during the year was:
2025
2024
Number
Number
Total
0
0
3
Investment property
2025
£
Fair value
At 1 April 2024 and 31 March 2025
1,200,000
The members are satisfied that the limited liability partnership's investment property is included at fair value.
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
536
10,434
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
2,850
Other creditors
7,099
5,981
9,949
6
Loans and other debts due to members
Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up. There is no provision for specific legally enforceable protection afforded to creditors in such an event. There are no restrictions or limitations on the ability of the members to reduce the amount of ‘Members’ other interests'.