Reith Lambert Facilities Management LLP - Accounts to registrar (filleted)

REGISTERED NUMBER: SO302026 (Scotland)

REITH LAMBERT FACILITIES MANAGEMENT LLP

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

J Rooney

R K A Ford

R C Donaldson

REGISTERED OFFICE:

21 Blythswood Square

Glasgow

G2 4BL

REGISTERED NUMBER:

SO302026 (Scotland)

ACCOUNTANTS:

Benham Conway & Co

16 Royal Crescent

Glasgow

G3 7SL

FIXED ASSETS

Tangible assets

4

20,382

17,717

CURRENT ASSETS

Debtors

5

764,018

352,867

Cash at bank

657,170

615,729

1,421,188

968,596

CREDITORS

Amounts falling due within one year

6

763,379

469,681

NET CURRENT ASSETS

657,809

498,915

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO
MEMBERS

678,191

516,632

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

678,188

516,629

MEMBERS' OTHER INTERESTS

Capital accounts

3

678,191

516,632

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

678,188

516,629

Members' other interests

3

678,191

516,632

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 20 November 2025 and were signed by:

J Rooney - Designated member

1.	STATUTORY INFORMATION

Reith Lambert Facilities Management 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 represents payroll costs recharged and fees for services provided in the year, excluding value added tax.

Tangible fixed assets

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

Leasehold improvements

-

10% on cost

Equipment

-

20% on cost

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.

Members' interests

A member's share in the profit or loss for the year is accounted for as an allocation. Unallocated profits and losses are included within "other reserves".

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 127 (2024 - 129 ) .

4.	TANGIBLE FIXED ASSETS

Leasehold

improvements

Equipment

Totals

£

COST

At 1 April 2024

10,195

51,624

61,819

Additions

-

11,076

Disposals

-

(26,486

)

(26,486

)

At 31 March 2025

10,195

36,214

46,409

DEPRECIATION

At 1 April 2024

10,195

33,907

44,102

Charge for year

-

8,411

Eliminated on disposal

-

(26,486

)

(26,486

)

At 31 March 2025

10,195

15,832

26,027

NET BOOK VALUE

At 31 March 2025

-

20,382

At 31 March 2024

-

17,717

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

669,280

273,391

Other debtors

94,738

79,476

764,018

352,867

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade creditors

68,024

67,899

Taxation and social security

378,632

305,997

Other creditors

316,723

95,785

763,379

469,681

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

31.3.25

31.3.24

£

Amounts owed to members in respect of profits

678,188

516,629

Falling due within one year

678,188

516,629

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up.

8.	OTHER FINANCIAL COMMITMENTS

At 31 March 2025 the company was committed to making total payments under non-cancellable operating leases of £33,484 (2024, £79,317).