Deans Solicitors And Estate Agents LLP - Accounts to registrar (filleted)

REGISTERED NUMBER: SO304790 (Scotland)

Financial Statements

for the Year Ended 31 March 2025

for

Deans Solicitors And Estate Agents LLP

Page

General Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Mr G A Laird

Ms L J Walker

REGISTERED OFFICE:

3 St. Patrick Street

Edinburgh

Midlothian

EH8 9ES

REGISTERED NUMBER:

SO304790 (Scotland)

ACCOUNTANTS:

O'Haras Chartered Accountants

Radleigh House

1 Golf Road

Clarkston

Glasgow

G76 7HU

CURRENT ASSETS

Debtors

4

129,043

148,631

Cash at bank

20,737

23,590

149,780

172,221

CREDITORS

Amounts falling due within one year

5

138,945

168,024

NET CURRENT ASSETS

10,835

4,197

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO
MEMBERS

10,835

4,197

LOANS AND OTHER DEBTS DUE TO
MEMBERS

6

10,833

4,195

MEMBERS' OTHER INTERESTS

Capital accounts

2

10,835

4,197

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

6

10,833

4,195

Members' other interests

2

Amounts due from members

4

-

(2,200

)

10,835

1,997

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 5 November 2025 and were signed by:

Mr G A Laird - Designated member

Ms L J Walker - Designated member

1.	STATUTORY INFORMATION

Deans Solicitors And Estate Agents 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 the amounts derived from the provision of property marketing and conveyancing services, excluding value added tax and trade discounts.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.	EMPLOYEE INFORMATION

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

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

45,365

51,660

Other debtors

83,678

96,971

129,043

148,631

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Taxation and social security

8,333

4,487

Other creditors

130,612

163,537

138,945

168,024

6.

LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of a winding up, the amounts included in 'Loans and other debts due to members' will rank equally with unsecured creditors.

7.	RELATED PARTY DISCLOSURES

The members of the partnership are considered to be related parties due to their interest in the entity. There were no transactions during the year or balances with the related parties at the year end other than those related to their membership.