REGISTERED NUMBER: SO306086 (Scotland)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Gebbie & Wilson LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

David Carson Murray

Jan Margaret Bayley

REGISTERED OFFICE:

18 Common Green

Strathaven

ML10 6AG

REGISTERED NUMBER:

SO306086 (Scotland)

ACCOUNTANTS:

Accountants Plus

Chartered Certified Accountants

Second Floor

Airbles House

270 Airbles Road

Motherwell

ML1 3AT

FIXED ASSETS

Tangible assets

4

17,638

12,302

CURRENT ASSETS

Debtors

5

189,215

156,236

Cash at bank and in hand

640,962

560,034

830,177

716,270

CREDITORS

Amounts falling due within one year

6

16,793

21,748

NET CURRENT ASSETS

813,384

694,522

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

831,022

706,824

LOANS AND OTHER DEBTS DUE TO MEMBERS

7

831,022

706,824

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

831,022

706,824

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 December 2024.

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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 2 September 2025 and were signed by:

David Carson Murray - Designated member

1.	STATUTORY INFORMATION

Gebbie & Wilson 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.

Fixtures and fittings

-

10% on cost

Computer equipment

-

25% on cost

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.

Pension costs and other post-retirement benefits

The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 9 (2023 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2024

35,150

5,250

40,400

Additions

-

11,802

11,802

At 31 December 2024

35,150

17,052

52,202

DEPRECIATION

At 1 January 2024

22,848

5,250

28,098

Charge for year

3,515

2,951

6,466

At 31 December 2024

26,363

8,201

34,564

NET BOOK VALUE

At 31 December 2024

8,787

8,851

17,638

At 31 December 2023

12,302

-

12,302

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Fee debtors

30,146

19,946

Client outlays

13,666

14,014

Accrued income

107,927

97,875

Prepayments

37,476

24,401

189,215

156,236

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

VAT

9,375

14,446

Accrued expenses

7,418

7,302

16,793

21,748

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

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

8.	OTHER FINANCIAL COMMITMENTS

Operating lease commitments,

At the reporting end date the limited liability partnership had outstanding commitments for future minimum lease payments under non-cancellable operating leases of £176,599.