Stephen & Robb LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: SO305988

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		182,596		184,828

			182,596		184,828
CURRENT ASSETS
Stocks	5	113,309		70,448
Debtors	6	27,436		8,378
Cash at bank and in hand		176,857		275,604

		317,602		354,430
Creditors: Amounts Falling Due Within One Year	7	(81,379 )		(234,508 )

NET CURRENT ASSETS (LIABILITIES)			236,223		119,922

TOTAL ASSETS LESS CURRENT LIABILITIES			418,819		304,750

Creditors: Amounts Falling Due After More Than One Year	8		(193,634 )		(208,034 )

NET ASSETS ATTRIBUTABLE TO MEMBERS			225,185		96,716

REPRESENTED BY:
Equity
Members' other interests
Members' capital		(300,693)		(252,368)
Revaluation reserve		(2,000)		(2,000)
Other reserves		527,878		351,084

			225,185		96,716

TOTAL MEMBERS' INTEREST
Members' other interests			225,185		96,716

			225,185		96,716

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Stephen & Robb LLP

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the LLP 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 applicable to LLPs subject to the small LLPs regime.)

The members acknowledge their responsibilities for complying with the requirements of the Act (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 LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.

On behalf of the members

Anthem Legal Limited

Designated Member

20th September 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Stephen & Robb LLP is a limited liability partnership, incorporated in Scotland, registered number SO305988 . The Registered Office is Solstice, Shougle Wood, Birnie, By Elgin, IV30 8SW.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).

The financial statements are prepared in sterling which is the functional currency of the LLP.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	0
Leasehold	0
Plant & Machinery	15% RB
Motor Vehicles	20% RB
Fixtures & Fittings	33% RB
Computer Equipment	33% SL

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: 9 (2024: 9)

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Stephen & Robb LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Tangible Assets

	Land & Property
	Freehold	Leasehold	Plant & Machinery	Fixtures & Fittings
	£	£	£	£
Cost
As at 1 April 2024	211,620	(56,120 )	21,347	23,619
Additions	-	-	1,369	-

As at 31 March 2025	211,620	(56,120 )	22,716	23,619

Depreciation
As at 1 April 2024	-	-	13,647	2,362
Provided during the period	-	-	1,360	2,126

As at 31 March 2025	-	-	15,007	4,488

Net Book Value
As at 31 March 2025	211,620	(56,120 )	7,709	19,131

As at 1 April 2024	211,620	(56,120 )	7,700	21,257


	Computer Equipment	Total
	£	£
Cost
As at 1 April 2024	542	201,008
Additions	-	1,369

As at 31 March 2025	542	202,377

Depreciation
As at 1 April 2024	171	16,180
Provided during the period	115	3,601

As at 31 March 2025	286	19,781

Net Book Value
As at 31 March 2025	256	182,596

As at 1 April 2024	371	184,828

5. Stocks

	2025	2024
	£	£
Stock	1,750	1,750
Work in progress	111,559	68,698

	113,309	70,448

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Stephen & Robb LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	21,485	1,031
Other debtors	5,951	7,347

	27,436	8,378

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	1	-
Other creditors	65,766	224,078
Taxation and social security	15,612	10,430

	81,379	234,508

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Other creditors	193,634	208,034

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