REGISTERED NUMBER: SO303237 (Scotland)

Unaudited Financial Statements

for the Period 1 January 2024 to 31 March 2025

for

Arthur & Carmichael LLP

Page

General Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

D J Gunn

C J Milligan

REGISTERED OFFICE:

The White House

Cathedral Square

Dornoch

Sutherland

IV25 3SW

REGISTERED NUMBER:

SO303237 (Scotland)

ACCOUNTANTS:

Mackay & Co

Chartered Accountants

Unit 8

Golspie Business Park

Golspie

Sutherland

KW10 6UB

FIXED ASSETS

Intangible assets

4

50,000

50,000

Tangible assets

5

77,761

62,086

127,761

112,086

CURRENT ASSETS

Stocks

120,000

100,000

Debtors

6

94,152

73,716

Cash at bank

4,334,957

3,288,225

4,549,109

3,461,941

CREDITORS

Amounts falling due within one year

7

4,195,365

3,073,957

NET CURRENT ASSETS

353,744

387,984

TOTAL ASSETS LESS CURRENT LIABILITIES

481,505

500,070

CREDITORS

Amounts falling due after more than one year

8

34,980

26,035

NET ASSETS ATTRIBUTABLE TO MEMBERS

446,525

474,035

LOANS AND OTHER DEBTS DUE TO MEMBERS

9

446,525

474,035

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

446,525

474,035

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 period ended 31 March 2025.

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 Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 1 September 2025 and were signed by:

C J Milligan - Designated member

D J Gunn - Designated member

1.	STATUTORY INFORMATION

Arthur & Carmichael 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of the business in 2011, is not being amortised.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance and 20% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3.	EMPLOYEE INFORMATION

The average number of employees during the period was 8 (2023 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 March 2025

50,000

NET BOOK VALUE

At 31 March 2025

50,000

At 31 December 2023

50,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

143,782

Additions

60,064

Disposals

(45,995

)

At 31 March 2025

157,851

DEPRECIATION

At 1 January 2024

81,696

Charge for period

25,991

Eliminated on disposal

(27,597

)

At 31 March 2025

80,090

NET BOOK VALUE

At 31 March 2025

77,761

At 31 December 2023

62,086

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.12.23

£

£

Trade debtors

86,152

63,716

Other debtors

8,000

10,000

94,152

73,716

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.12.23

£

£

Hire purchase contracts

12,332

14,272

Trade creditors

4,062,821

2,968,642

Taxation and social security

56,863

56,664

Other creditors

63,349

34,379

4,195,365

3,073,957

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.12.23

£

£

Hire purchase contracts

34,980

26,035

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

The amounts shown under loans and other debts due to members rank below all other debts owed, both long and short-term, in the event of any winding up.