SO304437falsepotato merchant2024-07-012025-06-30http://www.companieshouse.gov.uk/2024-06-30http://www.companieshouse.gov.uk/cd:Director12024-07-012025-06-30http://www.companieshouse.gov.uk/cd:Director22024-07-012025-06-30http://www.companieshouse.gov.uk/cd:LimitedLiabilityPartnershipLLP2024-07-012025-06-30http://www.companieshouse.gov.uk/pt:ToolsEquipment2024-06-30http://www.companieshouse.gov.uk/pt:ToolsEquipment2025-06-30http://www.companieshouse.gov.uk/cd:RegisteredOffice2024-07-012025-06-30http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2024-07-012025-06-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2025-06-30http://www.companieshouse.gov.uk/2023-07-012024-06-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-06-30http://www.companieshouse.gov.uk/2024-07-012025-06-30http://www.companieshouse.gov.uk/2024-06-30http://www.companieshouse.gov.uk/cd:FRS1022024-07-012025-06-30http://www.companieshouse.gov.uk/2025-06-30http://www.companieshouse.gov.uk/cd:FullAccounts2024-07-012025-06-30iso4217:GBPxbrli:sharesxbrli:pure
Registered number: SO304437

Thrums Produce LLP

ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2025

Prepared By:
Robert Kemp
4 Cuthill Towers
Milnathort
Kinross
KY13 9SE

Thrums Produce LLP

ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2025
DESIGNATED MEMBERS
W D Mitchell
J Milne
REGISTERED OFFICE
Viewfield House
Slade Road
Kirriemuir
Angus
DD8 5HN
COMPANY NUMBER
SO304437
BANKERS
Royal Bank of Scotland
ACCOUNTANTS
Robert Kemp
4 Cuthill Towers
Milnathort
Kinross
KY13 9SE

Thrums Produce LLP

CONTENTS
Page
Report of the Members3
Report of the Accountants4
Profit and Loss Account5
Balance Sheet6
Notes to the Accounts7
The following do not form part of the statutory financial statements:
Trading and Profit and Loss Account11
Profit and Loss Account Summaries12
Capital Accounts-
Current Accounts12

Thrums Produce LLP

MEMBERS' REPORT
FOR THE YEAR ENDED 30 JUNE 2025
The members present their report and accounts for the year ended 30 June 2025
PRINCIPAL ACTIVITIES
The principal activity of the LLP in the year under review was potato merchant .
DESIGNATED MEMBERS
The designated members who served during the year were as follows:
W D Mitchell
J Milne
RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £3,382 (2024 £7,542).
DRAWINGS POLICY
The LLP operates a drawings policy which has regard to a cautious estimate of expected profits. Drawings are restricted to prudent levels, taking into account working capital performance, until the results for the year and individual members' allocations have been determined.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 as modified by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to small LLPs.
This report was approved on behalf of the members on 21 August 2025
J Milne
Designated member

Thrums Produce LLP

ACCOUNTANTS' REPORT TO THE MEMBERS ON THE UNAUDITED ACCOUNTS
OF THRUMS PRODUCE LLP, FOR THE YEAR ENDED 30 JUNE 2025
In order to assist you to fulfill your duties under the Companies Act 2006 as applied to LLP's, we have prepared for your approval the accounts of Thrums Produce LLP for the year ended 30 June 2025 as set out on pages 5 to 10 from the entity's accounting records and from information and explanations you have given us.
As a practising member of the , we are subject to its ethical and other professional requirements which are detailed on their website.
This report is made solely to the members of Thrums Produce LLP, as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Thrums Produce LLP and state those matters that we have agreed to state to the Board of Directors of Thrums Produce LLP, as a body, in this report, in accordance with the requirements of the as detailed on their website. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Thrums Produce LLP and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Thrums Produce LLP has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profitability of Thrums Produce LLP. You consider that Thrums Produce LLP is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Thrums Produce LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Robert Kemp
4 Cuthill Towers
Milnathort
Kinross
KY13 9SE
23 August 2025

Thrums Produce LLP

PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED30 JUNE 2025
Notes20252024
££
TURNOVER366,936146,786
Cost of sales(54,520)(130,073)
GROSS PROFIT12,41616,713
Administrative expenses4(9,034)(9,171)
OPERATING PROFIT3,3827,542
PROFIT FOR THE FINANCIALYEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS3,3827,542

Thrums Produce LLP

BALANCE SHEET AT 30 June 2025
20252024
Notes££
FIXED ASSETS
Tangible assets7456608
CURRENT ASSETS
Debtors8119333
Cash at bank and in hand6,43415,497
6,55315,830
CREDITORS: Amounts falling due within one year98785,400
NET CURRENT ASSETS5,67510,430
NET ASSETS ATTRIBUTABLE TO MEMBERS6,13111,038
LOANS AND OTHER DEBTS DUE TO MEMBERS106,13111,038
MEMBERS ' OTHER INTERESTS
6,13111,038
TOTAL MEMBERS' INTERESTS
Loans and other debts due to members106,13111,038
6,13111,038
For the year ending 30 June 2025 the LLP was entitled to exemption under section 477 of the Companies Act 2006 as modified by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts as modified 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime modified by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to small LLPs.
Approved by the members on 21 August 2025 and signed on their behalf by
.............................
W D Mitchell
Designated Member

Thrums Produce LLP

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2025
1. ACCOUNTING POLICIES
1b. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships.
1b. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships.
1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Equipmentreducing balance 25%
1d. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.
2. INFORMATION IN RELATION TO MEMBERS 20252024
The average number of members during the year was22

Thrums Produce LLP

3. TURNOVER
The turnover and pre-tax result is attributable to potato merchant.
20252024
££
Sales66,936146,786
66,936146,786
4. OTHER OPERATING EXPENSES 20252024
££
Selling and marketing costs829503
Administrative expenses8,0538,465
Costs relating to the purchase, use, and disposal of assets152203
9,0349,171
5. OPERATING PROFIT
20252024
££
Operating Profit is stated after charging:
Depreciation152203
152203
6. EMPLOYEES
20252024
No.No.
Average number of employees22

Thrums Produce LLP

7. TANGIBLE FIXED ASSETS
EquipmentTotal
££
Cost
At 1 July 20242,1642,164
At 30 June 20252,1642,164
Depreciation
At 1 July 20241,5561,556
For the year152152
At 30 June 20251,7081,708
Net Book Amounts
At 30 June 2025456456
At 30 June 2024608608
8. DEBTORS 20252024
££
Amounts falling due within one year:
Trade debtors-67
VAT119266
119333
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20252024
££
Trade creditors-3,605
Other creditors8781,795
8785,400

Thrums Produce LLP

10. LOANS AND OTHER DEBTS DUE TO MEMBERS 20252024
££
Amounts due to members6,13111,038
The loans and debts due to members rank equally with debts due to ordinary creditors in a winding up.
11. MEMBERS INTERESTS
Members' capital (classified as equity)Revaluation ReserveReservesTotalLoans and other debts due to/(from) membersTotal
££££££
Amount due to members--11,038
Balance at 1 July 2024----11,03811,038
Profit for the financial year available for discretionary division among members3,3823,382-3,382
Members' interests after profit for the year-3,3823,38211,03814,420
Other divisions of profit(3,382)(3,382)3,382
Drawings(8,289)(8,289)
Amount due to members6,131
Balance at 30 June 2025---6,1316,131

Thrums Produce LLP

TRADING AND PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 30 JUNE 2025
20252024
££
Turnover66,936146,786
Cost of Sales:
Purchases53,498128,262
Other direct expenses1,0221,811
54,520130,073
54,520130,073
Gross Profit12,41616,713
12,41616,713
Less:
Distribution costs829503
Administrative expenses8,2058,668
9,0349,171
Net profit for the year before taxation3,3827,542
Net profit for the year after taxation3,3827,542
Retained profits carried forward3,3827,542
This page does not form part of the Company's Statutory Accounts and is prepared for the information of the Directors only.

Thrums Produce LLP

PROFIT AND LOSS ACCOUNT SUMMARIES
FOR THE YEAR ENDED 30 JUNE 2025
20252024
££
Cost of sales - purchases:
Purchases50,967128,130
Subcontractors2,531132
53,498128,262
Cost of sales - other direct costs:
Other direct expenses1491,811
873-
1,0221,811
Distribution Costs:
Business entertaining829503
829503
Administrative Expenses:
Heat and light299320
Motor expenses - fuel and oil5,3355,554
Accountancy fees459413
Stationery & office supplies3124
Telephone 1,4751,585
Software subscription426404
Subscriptions-114
Bank charges2851
Depreciation and Amortisation:
Depreciation of equipment152203
8,2058,668
This page does not form part of the Company's Statutory Accounts and is prepared for the information of the Directors only.

Thrums Produce LLP

12. MEMBERS' CURRENT ACCOUNTS
W D MitchellJ MilneTotal
£££
At 1 July 20245,8935,14511,038
Share of profit1,6911,6913,382
7,5846,83614,420
Drawings4,2884,0018,289
At 30 June 20253,2962,8356,131