REGISTERED NUMBER: SO306527 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Onyx Assets LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

A J Hookway

G E Dutfield

REGISTERED OFFICE:

The Melting Pot

15 Calton Road

Edinburgh

EH8 8DL

REGISTERED NUMBER:

SO306527 (Scotland)

ACCOUNTANTS:

SKS Bailey Group Limited

Oaklea House

46 Coatham Road

Redcar

TS10 1RS

Fixed assets

Tangible assets

3

1,015

632

Current assets

Debtors

4

125,625

223,161

Cash at bank

91,292

10,308

216,917

233,469

Creditors

Amounts falling due within one year

5

(51,656

)

(24,375

)

Net current assets

165,261

209,094

Total assets less current liabilities

166,276

209,726

Creditors

Amounts falling due after more than one year

6

(25,012

)

(30,522

)

Net assets attributable to members

141,264

179,204

Loans and other debts due to members

7

141,264

179,204

Total members' interests

Loans and other debts due to members

7

141,264

179,204

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 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 22 October 2025 and were signed by:

A J Hookway - Designated member

1.	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.

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.

Right of use asset have been fully amortised in the current year.

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

-

25% on cost

Computer equipment

-

33% on reducing balance

2.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2024 - NIL).

3.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

1,136

904

2,040

Additions

-

921

921

Disposals

(540

)

-

(540

)

At 31 March 2025

596

1,825

2,421

DEPRECIATION

At 1 April 2024

899

509

1,408

Charge for year

149

388

537

Eliminated on disposal

(539

)

-

(539

)

At 31 March 2025

509

897

1,406

NET BOOK VALUE

At 31 March 2025

87

928

1,015

At 31 March 2024

237

395

632

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

50,000

185,162

VAT

1,614

956

Prepayments

74,011

37,043

125,625

223,161

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

5,510

5,374

Trade creditors

550

24

Other creditors

7,899

15,352

Accrued expenses

37,697

3,625

51,656

24,375

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

5,649

5,510

Bank loans - 2-5 years

19,363

25,012

25,012

30,522

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2025

2024

£

£

Amounts owed to members in respect of profits

141,264

179,204

Falling due within one year

141,264

179,204

Loans due to other members rank ahead of other debts in the event of a liquidation.