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REGISTERED NUMBER: SO307212 (Scotland)

Culross Property Partnership LLP

Financial Statements

for the Year Ended 31st March 2025

| Culross Property Partnership LLP (Registered number: SO307212) |

Contents of the Financial Statements

for the year ended 31st March 2025

| Page |

| General information | 1 |

| Balance sheet | 2 |  | to |  | 3

| Notes to the financial statements | 4 |  | to |  | 5

| Culross Property Partnership LLP |

General Information

for the year ended 31st March 2025

| Designated members: | G C C Leslie

| T A A Leslie

| Registered office: | Academy House

| Shedden Park Road

| Kelso

| Roxburghshire

| TD5 7AL

| Registered number: | SO307212 (Scotland)

| Accountants: | Rennie Welch LLP

| Academy House

| Shedden Park Road

| Kelso

| Roxburghshire

| TD5 7AL

| Culross Property Partnership LLP (Registered number: SO307212) |

Balance Sheet

31st March 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

Fixed assets

Investment property | 4 | - |  | 423,770 |  |

Current assets

Debtors | 5 | 3,436 |  | 1,276 |  |

Cash at bank | 99,730 |  | 25,109 |  |

103,166 |  | 26,385 |  |

Creditors

Amounts falling due within one year | 6 | 8,659 |  | 39,349 |  |

Net current assets/(liabilities) | 94,507 |  | (12,964 | ) |

Total assets less current liabilities | 94,507 |  | 410,806 |  |

Creditors

Amounts falling due after more than one year | 7 | - |  | 255,206 |  |

Net assets attributable to members | 94,507 |  | 155,600 |  |

Loans and other debts due to members | 8 | 94,507 |  | 155,600 |  |

Total members' interests

Loans and other debts due to members | 8 | 94,507 |  | 155,600 |  |

| Culross Property Partnership LLP (Registered number: SO307212) |

Balance Sheet - continued

31st March 2025

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 31st 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 12th November 2025 and were signed by:

G C C Leslie - Designated member

T A A Leslie - Designated member

| Culross Property Partnership LLP (Registered number: SO307212) |

Notes to the Financial Statements

for the year ended 31st March 2025

1. | Statutory information

| Culross Property Partnership 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

| Rents received is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Rental income is recognised on the date the rent is received.

| Investment property

| Investment property is shown at cost which includes its purchase price plus any directly attributable expenditure.

| Investment property is not being depreciated.

| Financial instruments

| The following assets and liabilities are classified as financial instruments - trade creditors, accruals and other loans.

| Trade creditors, other loans and accruals are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

| Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Income Statement.

| Members remuneration

| Profits and losses are automatically divided between members in accordance with the terms of the LLP agreement, and hence there are no unallocated profits or losses.

| Provisions

| Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

| Going concern

| The LLP property rental business activity ended 23rd January 2025.

3. | Employee information

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

| Culross Property Partnership LLP (Registered number: SO307212) |

Notes to the Financial Statements - continued

for the year ended 31st March 2025

4. | Investment property

| Total

£ |

| Cost

| At 1st April 2024 | 423,770 |  |

| Disposals | (423,770 | ) |

| At 31st March 2025 | - |  |

| Net book value

| At 31st March 2025 | - |  |

| At 31st March 2024 | 423,770 |  |

5. | Debtors: amounts falling due within one year |

2025 | 2024 |

£ | £ |

| Other debtors | 3,436 |  | 1,276 |  |

6. | Creditors: amounts falling due within one year |

2025 | 2024 |

£ | £ |

| Trade creditors | 3,409 |  | 16,342 |  |

| Taxation and social security | - |  | 5,264 |  |

| Other creditors | 5,250 |  | 17,743 |  |

8,659 |  | 39,349 |  |

7. | Creditors: amounts falling due after more than one year |

2025 | 2024 |

£ | £ |

| Other creditors | - |  | 255,206 |  |

8. | Loans and other debts due to members |

| Capital loans and other debts due to members rank behind creditors, in accordance with the members' agreement.