Silverfin false false 31/03/2025 01/04/2024 31/03/2025 Dr C G Beattie 12/02/2024 Dr D O Cooper 12/02/2024 29 October 2025 The principal activity of the Limited Liability Partnership during the financial year was that of a medical practice. SO307936 2025-03-31 SO307936 bus:Director1 2025-03-31 SO307936 bus:Director2 2025-03-31 SO307936 core:CurrentFinancialInstruments 2025-03-31 SO307936 core:Non-currentFinancialInstruments 2025-03-31 SO307936 core:LandBuildings 2024-03-31 SO307936 core:FurnitureFittings 2024-03-31 SO307936 core:ComputerEquipment 2024-03-31 SO307936 2024-03-31 SO307936 core:LandBuildings 2025-03-31 SO307936 core:FurnitureFittings 2025-03-31 SO307936 core:ComputerEquipment 2025-03-31 SO307936 core:CurrentFinancialInstruments core:Secured 2025-03-31 SO307936 core:MoreThanFiveYears 2025-03-31 SO307936 2024-04-01 2025-03-31 SO307936 bus:FilletedAccounts 2024-04-01 2025-03-31 SO307936 bus:SmallEntities 2024-04-01 2025-03-31 SO307936 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 SO307936 bus:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 SO307936 bus:Director1 2024-04-01 2025-03-31 SO307936 bus:Director2 2024-04-01 2025-03-31 SO307936 core:FurnitureFittings 2024-04-01 2025-03-31 SO307936 core:ComputerEquipment 2024-04-01 2025-03-31 SO307936 core:LandBuildings 2024-04-01 2025-03-31 SO307936 core:CurrentFinancialInstruments 2024-04-01 2025-03-31 SO307936 core:Non-currentFinancialInstruments 2024-04-01 2025-03-31 SO307936 core:MoreThanFiveYears 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Company No: SO307936 (Scotland)

# OLD MACHAR MEDICAL PRACTICE LLP

### UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH THE REGISTRAR

OLD MACHAR MEDICAL PRACTICE LLP

## UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025

Contents

OLD MACHAR MEDICAL PRACTICE LLP

## BALANCE SHEET

AS AT 31 MARCH 2025
OLD MACHAR MEDICAL PRACTICE LLP

## BALANCE SHEET (continued)

AS AT 31 MARCH 2025

| Note | 2025
|  | £
Fixed assets |  |
Tangible assets | 3 | 647,714
|  | 647,714
Current assets |  |
Debtors | 4 | 102,055
Cash at bank and in hand |  | 286,147
|  | 388,202
Creditors: amounts falling due within one year | 5 | ( 145,854)
Net current assets |  | 242,348
Total assets less current liabilities |  | 890,062
Creditors: amounts falling due after more than one year | 6 | ( 311,258)
Net assets attributable to members |  | 578,804
Represented by |  |
Loans and other debts due to members within one year |  |
Other amounts |  | 185,449
|  | 185,449
Members' other interests |  |
Members' capital classified as equity |  | 393,355
|  | 393,355
|  | 578,804
Total members' interests |  |
Loans and other debts due to members |  | 185,449
Members' other interests |  | 393,355
|  | 578,804

For the financial 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.

Members' responsibilities:

- The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Old Machar Medical Practice LLP (registered number: SO307936) were approved and authorised for issue by the Board of Directors on 29 October 2025. They were signed on its behalf by:

Dr C G Beattie Designated member |

OLD MACHAR MEDICAL PRACTICE LLP

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025
OLD MACHAR MEDICAL PRACTICE LLP

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year, unless otherwise stated.

##### General information and basis of accounting

Old Machar Medical Practice LLP is a limited liability partnership, incorporated in the United Kingdom under the Limited Liability Partnerships Act 2000 and is registered in Scotland. The address of the LLP's registered office is 526 - 528 King Street, Aberdeen, AB24 5RS, Scotland, United Kingdom.
The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to LLPs subject to the small companies regime and the requirements of the Statement of Recommended Practice Accounting by Limited Liability Partnerships issued in December 2021 (SORP 2022).
The financial statements are presented in pounds sterling which is the functional currency of the LLP and rounded to the nearest £.

##### Going concern

The members have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The members have a reasonable expectation that the LLP has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Turnover

Turnover represents amounts earned during the year from medical activities.
If, at the balance sheet date, completion of contractual obligations is dependent on external factors (and thus outside the control of the Limited Liability Partnership), then revenue is recognised only when the event occurs. In such cases, costs incurred up to the balance sheet date are carried forward as work in progress.

##### Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised as an expense when the LLP is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

##### Taxation

The taxation payable on the partnership's profits is the personal liability of the members, although payment of such liabilities is administered by the partnership on behalf of its members. Consequently, neither partnership taxation nor related deferred taxation is accounted for in these financial statements. Sums set aside in respect of members' tax obligations are included in the balance sheet within loans and other debts due to members, or are set against amounts due from members as appropriate.

##### Tangible fixed assets

Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings | not depreciated
Fixtures and fittings | 25 % reducing balance
Computer equipment | 33 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Impairment of assets

Assets are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Non-financial assets
At each balance sheet date, the LLP reviews its tangible to determine whether there is any indication that those assets have suffered an impairment loss.
If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.
Where it is not possible to estimate the recoverable amount of an individual asset, the LLP estimates the recoverable amount of the cash-generating unit to which the asset belongs. An impairment loss is recognised immediately in profit or loss.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

##### Financial instruments

Financial assets and financial liabilities are recognised when the LLP becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the LLP after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the LLP intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs.

Basic financial liabilities
Basic financial liabilities, including creditors are recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less.

##### Members' participation rights

Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).
Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with Section 22 of FRS 102. (IAS 32) Financial Instruments: Disclosure and Presentation and UITF abstract 39 Members' shares in co-operative entities and similar instruments. A members' participation right results in a liability unless the right to any payment is discretionary on the part of the LLP.
Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payments to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.
The profits are automatically divided as they arise or are determined, so that the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They should therefore be treated as an expense in the profit and loss account in the relevant year and, to the extent they remain unpaid at the year end, they should be shown as liabilities in the balance sheet. This will also be the case where there is a requirement to divide some or all profits but the basis upon which those profits are shared between individual members is not determined until after the balance sheet date, as a liability exists even if the identity of the recipients have not yet been determined.
All amounts due to members that are classified as liabilities are presented in the Balance Sheet within 'Loans and other debts due to members' and are charged to the Profit and Loss Account within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the Balance Sheet within 'Members' other interests'.

#### 2. Employees

| 2025
| Number
Monthly average number of persons employed by the LLP during the year | 39

#### 3. Tangible assets

| Land and buildings |  | Fixtures and fittings |  | Computer equipment |  | Total
| £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |
At 01 April 2024 | 0 |  | 0 |  | 0 |  | 0
Additions | 640,000 |  | 5,905 |  | 2,963 |  | 648,868
At 31 March 2025 | 640,000 |  | 5,905 |  | 2,963 |  | 648,868
Accumulated depreciation |  |  |  |  |  |  |
At 01 April 2024 | 0 |  | 0 |  | 0 |  | 0
Charge for the financial year | 0 |  | 405 |  | 749 |  | 1,154
At 31 March 2025 | 0 |  | 405 |  | 749 |  | 1,154
Net book value |  |  |  |  |  |  |
At 31 March 2025 | 640,000 |  | 5,500 |  | 2,214 |  | 647,714

#### 4. Debtors

| 2025
| £
Trade debtors | 1,788
Other debtors | 100,267
| 102,055

#### 5. Creditors: amounts falling due within one year

| 2025
| £
Bank loans (secured) | 39,784
Trade creditors | 1,942
Other taxation and social security | 15,909
Other creditors | 88,219
| 145,854

Bank loans are secured by a fixed and floating charge over the property and assets of the LLP.

#### 6. Creditors: amounts falling due after more than one year

| 2025
| £
Bank loans (secured) | 311,258

Bank loans are secured by a fixed and floating charge over the property and assets of the LLP.

Amounts repayable after more than 5 years are included in creditors falling due over one year:

| 2025
| £
Bank loans (secured / repayable by instalments) | 191,906

Bank loans are secured by a fixed and floating charge over the property and assets of the LLP.