1 February 2024 false No description of principal activity Taxfiler 2024.6 SO302200business:LimitedLiabilityPartnershipLLP2024-02-012025-01-31 SO3022002024-01-31 SO3022002024-02-012025-01-31 SO302200business:AuditExemptWithAccountantsReport2024-02-012025-01-31 SO302200business:FilletedAccounts2024-02-012025-01-31 SO3022002025-01-31 SO302200business:PartnerLLP12024-02-012025-01-31 SO302200business:PartnerLLP22024-02-012025-01-31 SO302200business:RegisteredOffice2024-02-012025-01-31 SO3022002024-01-31 SO302200core:WithinOneYear2025-01-31 SO302200core:WithinOneYear2024-01-31 SO302200core:AfterOneYear2025-01-31 SO302200core:AfterOneYear2024-01-31 SO302200core:RetainedEarningsAccumulatedLosses2025-01-31 SO302200core:RetainedEarningsAccumulatedLosses2024-01-31 SO302200business:SmallEntities2024-02-012025-01-31 SO302200core:MotorVehicles2024-02-012025-01-31 SO302200core:FurnitureFittings2024-02-012025-01-31 SO302200countries:Scotland2024-02-012025-01-31 SO302200core:PlantMachinery2024-01-31 SO302200core:MotorVehicles2024-01-31 SO302200core:PlantMachinery2024-02-012025-01-31 SO302200core:PlantMachinery2025-01-31 SO302200core:MotorVehicles2025-01-31 SO3022002023-02-012024-01-31 iso4217:GBP xbrli:pure
Registered No. SO302200 (Scotland)
C I B B FINANCIAL SERVICES LLP Unaudited accounts for the year ended 31 January 2025
C I B B FINANCIAL SERVICES LLP LLP Information for the year ended 31 January 2025
Designated members
Mr Ralph Colquhoun
Mr Edward John Irvin
Registered Number
SO302200 (Scotland)
Registered Office
100 West George Street Glasgow G2 1PJ Scotland
Accountants
McMorland & Co FTCA Limited 24 York Street Ayr KA8 8AZ
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C I B B FINANCIAL SERVICES LLP Accountants' report
Accountants' report to the members of C I B B FINANCIAL SERVICES LLP on the preparation of the unaudited statutory financial statements for the year ended 31 January 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of C I B B FINANCIAL SERVICES LLP for the year ended 31 January 2025 as set out on pages 4 - 7 from the LLP's accounting records and from information and explanations you have given us.
This report is made solely to the members of C I B B FINANCIAL SERVICES LLP, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial statements of C I B B FINANCIAL SERVICES LLP and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than C I B B FINANCIAL SERVICES LLP and its members as a body for our work or for this report.
It is your duty to ensure that C I B B FINANCIAL SERVICES LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of C I B B FINANCIAL SERVICES LLP. You consider that C I B B FINANCIAL SERVICES 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 financial statements of C I B B FINANCIAL SERVICES 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 financial statements.
McMorland & Co FTCA Limited 24 York Street Ayr KA8 8AZ 10 September 2025
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C I B B FINANCIAL SERVICES LLP Statement of financial position as at 31 January 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
3
45,879 
25,286 
Current assets
Debtors
10,442 
1,884 
Cash at bank and in hand
5,960 
3,126 
16,402 
5,010 
Creditors: amounts falling due within one year
4
(33,742)
(52,832)
Net current liabilities
(17,340)
(47,822)
Total assets less current liabilities
28,539 
(22,536)
Creditors: amounts falling due after more than one year
5
(68,175)
(46,626)
Net liabilities attributable to members
(39,636)
(69,162)
Represented by:
Loans and other debts due to members
6
103,984 
93,313 
Members' other interests
Other reserves
(143,620)
(162,475)
(39,636)
(69,162)
Total members' interests
Loans and other debts due to members
103,984 
93,313 
Members' other interests
(143,620)
(162,475)
(39,636)
(69,162)
For the year ending 31 January 2025 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the members on 10 September 2025.
Mr Ralph Colquhoun Designated member Limited Liability Partnership Registration No. SO302200
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C I B B FINANCIAL SERVICES LLP Notes to the Accounts for the year ended 31 January 2025
1
Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% Straight Line
Fixtures & fittings
15% Reducing Balance
Pension costs
The LLP operates a defined contribution scheme for the benefit of its employees. Contributions are charged to the profit and loss account for the year in which they are payable to the scheme. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments at the year end.
Taxation
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
Leased assets
Leases are accounted for as 'operating leases' and the rental charges are charged to the profit and loss account on a straight line basis over the life of the lease.
2
Statutory information
C I B B FINANCIAL SERVICES LLP is a limited liability partnership, incorporated in Scotland, registration number SO302200. Its registered office is 100 West George Street, Glasgow, G2 1PJ, Scotland.
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C I B B FINANCIAL SERVICES LLP Notes to the Accounts for the year ended 31 January 2025
3
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2024
29,588 
33,498 
63,086 
Additions
- 
45,497 
45,497 
Disposals
- 
(33,498)
(33,498)
At 31 January 2025
29,588 
45,497 
75,085 
Depreciation
At 1 February 2024
22,445 
15,355 
37,800 
Charge for the year
1,072 
9,874 
10,946 
On disposals
- 
(19,540)
(19,540)
At 31 January 2025
23,517 
5,689 
29,206 
Net book value
At 31 January 2025
6,071 
39,808 
45,879 
At 31 January 2024
7,143 
18,143 
25,286 
4
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Bank loans and overdrafts
23,870 
41,567 
Obligations under finance leases and hire purchase contracts
7,501 
6,535 
Taxes and social security costs
- 
2,930 
Other creditors
211 
- 
Accruals
2,160 
1,800 
33,742 
52,832 
5
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
24,150 
26,690 
Obligations under finance leases and hire purchase contracts
44,025 
19,936 
68,175 
46,626 
6
Loans and other debts due to members
2025 
2024 
£ 
£ 
Loans from members
103,984 
93,313 
Amounts falling due within one year
103,984 
93,313 
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
7
Controlling party
Mr Irvin and Mr Colqhoun represent the controlling party by virtue of their status as members of the LLP.
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C I B B FINANCIAL SERVICES LLP Notes to the Accounts for the year ended 31 January 2025
8
Average number of employees
During the year the average number of employees was 0 (2024: 6).
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