REGISTERED NUMBER: SO306893 (Scotland)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

C&M NOSREDNA LLP

Page

General Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Mrs M Anderson

Mr C C Anderson

Ms C C Anderson

REGISTERED OFFICE:

82 Union Street

Larkhall

Lanarkshire

ML9 1DR

REGISTERED NUMBER:

SO306893 (Scotland)

ACCOUNTANTS:

AGK Partners

Chartered Accountants

1 Kings Avenue

London

N21 3NA

FIXED ASSETS

Tangible assets

4

2,698

-

Investment property

5

702,765

669,300

705,463

669,300

CURRENT ASSETS

Debtors

6

58,973

60,904

Cash at bank and in hand

74,939

82,420

133,912

143,324

CREDITORS

Amounts falling due within one year

7

5,324

5,306

NET CURRENT ASSETS

128,588

138,018

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

834,051

807,318

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

40,923

14,190

MEMBERS' OTHER INTERESTS

Capital accounts

793,128

793,128

834,051

807,318

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

40,923

14,190

Members' other interests

793,128

793,128

834,051

807,318

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 28 February 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 24 November 2025 and were signed by:

Mr C C Anderson - Designated member

1.	STATUTORY INFORMATION

C&M Nosredna LLP is registered in Scotland. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

Significant judgements and estimates

In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

There are significant judgements and estimates involved in the preparation of the financial statements.

Revenue

Revenue represents the value of rental income chargeable in respect of the company's investment property.

Revenue is recognised evenly over the period of the rental agreement.

Tangible fixed assets

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

Investment property

Cash and cash equivalent

Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.

Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

3.	EMPLOYEE INFORMATION

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

Additions

2,698

At 28 February 2025

2,698

NET BOOK VALUE

At 28 February 2025

2,698

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 March 2024

669,300

Revaluations

33,465

At 28 February 2025

702,765

NET BOOK VALUE

At 28 February 2025

702,765

At 29 February 2024

669,300

The members consider the market values of the properties to be as stated in the accounts as at the year end.

Fair value at 28 February 2025 is represented by:

£

Valuation in 2025

33,465

Cost

669,300

702,765

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,209

537

Other debtors

57,764

60,367

58,973

60,904

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

1,235

1,624

Other creditors

4,089

3,682

5,324

5,306

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2025

2024

£

£

Amounts owed to members in respect of profits

40,923

14,190

Falling due within one year

40,923

14,190

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

9.	RELATED PARTY DISCLOSURES

Included in other debtors is an amount of £56,664 (2024: £59,517) due from a connected entity with common members and directorship. The amount was interest free and repayable on demand.