The Black Partnership LLP

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

Registered number: SO307911

		2024
	Notes	£	£
FIXED ASSETS
Intangible Assets	4		10,000
Tangible Assets	5		8,618

			18,618
CURRENT ASSETS
Debtors	6	15,062
Cash at bank and in hand		29,050

		44,112
Creditors: Amounts Falling Due Within One Year	7	(50,663 )

NET CURRENT ASSETS (LIABILITIES)			(6,551 )

TOTAL ASSETS LESS CURRENT LIABILITIES			12,067

Creditors: Amounts Falling Due After More Than One Year	8		(6,191 )

NET ASSETS ATTRIBUTABLE TO MEMBERS			5,876

REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts		5,876

			5,876

			5,876

TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year			5,876

			5,876

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The Black Partnership LLP

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 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

Mr David Black

Designated Member

23/09/2025

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

1. General Information

The Black Partnership LLP is a limited liability partnership, incorporated in Scotland, registered number SO307911 . The Registered Office is Patterson Street Service Station, Patterson Street, Aberhill, Leven, Fife, KY8 3AU.

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. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.

2.4. 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:

Plant & Machinery	20% reducing balance
Motor Vehicles	25% reducing balance

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: 4

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The Black Partnership LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Intangible Assets

	Goodwill
	£
Cost
As at 29 December 2023	-
Additions	10,000

As at 31 December 2024	10,000

Net Book Value
As at 31 December 2024	10,000

As at 29 December 2023	-

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 29 December 2023	8,307	1,543	9,850

As at 31 December 2024	8,307	1,543	9,850

Depreciation
As at 29 December 2023	1,232	-	1,232

As at 31 December 2024	1,232	-	1,232

Net Book Value
As at 31 December 2024	7,075	1,543	8,618

As at 29 December 2023	7,075	1,543	8,618

6. Debtors

	2024
	£
Due within one year
Trade debtors	15,062

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The Black Partnership LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

7. Creditors: Amounts Falling Due Within One Year

	2024
	£
Trade creditors	18,431
Other loans	28,301
Other creditors	2,100
Taxation and social security	1,831

	50,663

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

	2024
	£
Bank loans	6,191

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