REGISTERED NUMBER: OC372558 (England and Wales)

REPORT OF THE MEMBERS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

SCOTTSDALE IFA LLP

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DESIGNATED MEMBERS:

B N Buchanan

S Trickett

A P Penfold

REGISTERED OFFICE:

Rex House

4-12 Regent Street

London

SW1Y 4PE

REGISTERED NUMBER:

OC372558 (England and Wales)

ACCOUNTANTS:

AEL Markhams

Incorporating Butters Gates & Company

Chartered Accountants

Second Floor

201 Haverstock Hill

London

NW3 4QG

The members present their report with the financial statements of the LLP for the year ended 31 March 2025.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of independent financial advisers.

DESIGNATED MEMBERS

The designated members during the year under review were:

B N Buchanan

S Trickett

A P Penfold

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £2,205,788 (2024 - £1,765,642 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:

B N Buchanan - Designated member

30 October 2025

TURNOVER

3,166,471

2,633,866

Cost of sales

197,775

174,452

GROSS PROFIT

2,968,696

2,459,414

Administrative expenses

764,715

695,550

OPERATING PROFIT

4

2,203,981

1,763,864

Interest receivable and similar income

1,807

1,778

PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS

2,205,788

1,765,642

FIXED ASSETS

Tangible assets

5

83,899

90,837

CURRENT ASSETS

Debtors

6

64,981

69,162

Cash at bank

424,877

220,323

489,858

289,485

CREDITORS

Amounts falling due within one year

7

30,774

24,496

NET CURRENT ASSETS

459,084

264,989

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

542,983

355,826

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

542,983

355,826

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

542,983

355,826

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 in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 30 October 2025 and were signed by:

B N Buchanan - Designated member

S Trickett - Designated member

1.	STATUTORY INFORMATION

Scottsdale IFA LLP is registered in England and Wales. 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 represents gross commissions received in the period.

Tangible fixed assets

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

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

Pension costs and other post-retirement benefits

The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 7 (2024 - 6 ) .

4.	OPERATING PROFIT

The operating profit is stated after charging:

31.3.25

31.3.24

£

£

Depreciation - owned assets

27,967

30,279

5.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

132,748

23,172

155,920

Additions

29,205

-

29,205

Disposals

(19,380

)

-

(19,380

)

At 31 March 2025

142,573

23,172

165,745

DEPRECIATION

At 1 April 2024

49,791

15,292

65,083

Charge for year

25,997

1,970

27,967

Eliminated on disposal

(11,204

)

-

(11,204

)

At 31 March 2025

64,584

17,262

81,846

NET BOOK VALUE

At 31 March 2025

77,989

5,910

83,899

At 31 March 2024

82,957

7,880

90,837

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

6,478

6,285

Other debtors

18,881

18,881

Prepayments

39,622

43,996

64,981

69,162

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Social security and other taxes

26,214

19,936

Accrued expenses

4,560

4,560

30,774

24,496

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

31.3.25

31.3.24

£

£

Amounts owed to members in respect of profits

542,983

355,826

Falling due within one year

542,983

355,826

Any loans and other debts due to members rank in line with other creditors.