Limited Liability Partnership registration number SO306857 (Scotland)
LARKHALL SURGERY LLP
MEMBERS' REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
LARKHALL SURGERY LLP
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
LARKHALL SURGERY LLP
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment property
3
1,380,000
1,380,000
Current assets
Debtors
4
925
805
Cash at bank and in hand
174,546
177,071
175,471
177,876
Creditors: amounts falling due within one year
5
(12,963)
(16,013)
Net current assets
162,508
161,863
Total assets less current liabilities and net assets attributable to members
1,542,508
1,541,863
Represented by:
Loans and other debts due to members within one year
Amounts due in respect of profits
162,508
161,863
Other amounts
1,380,000
1,380,000
1,542,508
1,541,863

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 SO306857 (Scotland)
LARKHALL SURGERY LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Limited liability partnership information

Larkhall Surgery LLP is a limited liability partnership incorporated in Scotland. The registered office is C/O AAB Business & Tax Advisory, 133 Finnieston Street, Glasgow, G3 8HB.

 

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, modified to include investment properties and certain financial instruments at fair value. 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
Revenue recognition

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

Investment properties are included at fair value with any gains or losses recognised in Statement of comprehensive income.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

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.

LARKHALL 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
1,380,000

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
925
805
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
-
0
2,375
Taxation and social security
10,098
10,933
Other creditors
2,865
2,705
12,963
16,013
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 is no restrictions or limitations on the ability of the members to reduce the amount of 'Members' other interests'.

In the event of a winding up the amounts included in "Loans and other debts due to members" will rank equally with unsecured creditors.

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