IRIS Accounts Production v25.3.0.601 SO300923 designated member 1.4.24 31.3.25 31.3.25 false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SO300923 2024-03-31 SO300923 2025-03-31 SO300923 2024-04-01 2025-03-31 SO300923 2023-03-31 SO300923 2023-04-01 2024-03-31 SO300923 2024-03-31 SO300923 ns15:Scotland 2024-04-01 2025-03-31 SO300923 ns14:PoundSterling 2024-04-01 2025-03-31 SO300923 ns10:PartnerLLP1 2024-04-01 2025-03-31 SO300923 ns10:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 SO300923 ns10:SmallEntities 2024-04-01 2025-03-31 SO300923 ns10:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 SO300923 ns10:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 SO300923 ns10:LimitedLiabilityPartnershipsSORP 2024-04-01 2025-03-31 SO300923 ns10:FullAccounts 2024-04-01 2025-03-31 SO300923 ns10:PartnerLLP2 2024-04-01 2025-03-31 SO300923 ns10:PartnerLLP3 2024-04-01 2025-03-31 SO300923 ns10:RegisteredOffice 2024-04-01 2025-03-31 SO300923 ns5:CurrentFinancialInstruments 2025-03-31 SO300923 ns5:CurrentFinancialInstruments 2024-03-31 SO300923 ns5:OwnedOrFreeholdAssets ns5:LandBuildings 2024-04-01 2025-03-31 SO300923 ns5:PlantMachinery 2024-04-01 2025-03-31 SO300923 ns5:MotorVehicles 2024-04-01 2025-03-31 SO300923 ns5:ComputerEquipment 2024-04-01 2025-03-31 SO300923 ns5:LandBuildings 2024-03-31 SO300923 ns5:PlantMachinery 2024-03-31 SO300923 ns5:MotorVehicles 2024-03-31 SO300923 ns5:ComputerEquipment 2024-03-31 SO300923 ns5:LandBuildings 2024-04-01 2025-03-31 SO300923 ns5:LandBuildings 2025-03-31 SO300923 ns5:PlantMachinery 2025-03-31 SO300923 ns5:MotorVehicles 2025-03-31 SO300923 ns5:ComputerEquipment 2025-03-31 SO300923 ns5:LandBuildings 2024-03-31 SO300923 ns5:PlantMachinery 2024-03-31 SO300923 ns5:MotorVehicles 2024-03-31 SO300923 ns5:ComputerEquipment 2024-03-31 SO300923 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 SO300923 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-03-31

REGISTERED NUMBER: SO300923 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

SQLP LLP

| SQLP LLP (REGISTERED NUMBER: SO300923) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page |

| General Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| SQLP LLP |

GENERAL INFORMATION

FOR THE YEAR ENDED 31 MARCH 2025

| DESIGNATED MEMBERS: | G F Ballantyne

| G L Ballantyne

| A W Ballantyne

| REGISTERED OFFICE: | Simpsonland Farm

| Carscallan Road

| Hamilton

| United Kingdom

| ML3 7UZ

| REGISTERED NUMBER: | SO300923 (Scotland)

| ACCOUNTANTS: | Donachie Chartered Accountants

| 2nd Floor

| Templeton House

| 62 Templeton Street

| Glasgow

| G40 1DA

| SQLP LLP (REGISTERED NUMBER: SO300923) |

BALANCE SHEET

31 MARCH 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 113,722 |  | 131,425 |  |

CURRENT ASSETS

Stocks | 5 | 73,730 |  | 72,370 |  |

Debtors | 6 | 2,664 |  | 918 |  |

Cash at bank | 80,912 |  | 48,811 |  |

157,306 |  | 122,099 |  |

CREDITORS

Amounts falling due within one year | 7 | 30,083 |  | 32,100 |  |

NET CURRENT ASSETS | 127,223 |  | 89,999 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS | 240,945 |  | 221,424 |  |

LOANS AND OTHER DEBTS DUE TO MEMBERS | 8 | 240,945 |  | 221,424 |  |

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members | 8 | 240,945 |  | 221,424 |  |

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 9 December 2025 and were signed by:

G F Ballantyne - Designated member

| SQLP LLP (REGISTERED NUMBER: SO300923) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1. | STATUTORY INFORMATION

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

| Tangible fixed assets

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

| Freehold property | - | No provided

| Plant and machinery | - | 25% reducing balance

| Motor vehicles | - | 25% reducing balance

| Computer equipment | - | Straight line over 3 years

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. | EMPLOYEE INFORMATION

| The average number of employees during the year was 3 (2024 - 3 ) .

4. | TANGIBLE FIXED ASSETS

| Freehold |  | Plant and |  | Motor |  | Computer |

| property |  | machinery |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 April 2024 | 65,682 |  | 144,860 |  | 23,200 |  | - |  | 233,742 |  |

| Additions | - |  | - |  | - |  | 949 |  | 949 |  |

| At 31 March 2025 | 65,682 |  | 144,860 |  | 23,200 |  | 949 |  | 234,691 |  |

| DEPRECIATION

| At 1 April 2024 | - |  | 89,386 |  | 12,931 |  | - |  | 102,317 |  |

| Charge for year | - |  | 16,007 |  | 2,567 |  | 78 |  | 18,652 |  |

| At 31 March 2025 | - |  | 105,393 |  | 15,498 |  | 78 |  | 120,969 |  |

| NET BOOK VALUE

| At 31 March 2025 | 65,682 |  | 39,467 |  | 7,702 |  | 871 |  | 113,722 |  |

| At 31 March 2024 | 65,682 |  | 55,474 |  | 10,269 |  | - |  | 131,425 |  |

5. | STOCKS

2025 | 2024 |

£ | £ |

| Stocks | 73,730 |  | 72,370 |  |

| SQLP LLP (REGISTERED NUMBER: SO300923) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| VAT | 1,839 |  | 220 |  |

| Prepayments | 825 |  | 698 |  |

2,664 |  | 918 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade creditors | 636 |  | 5,903 |  |

| Other creditors | 24,947 |  | 24,947 |  |

| Accrued expenses | 4,500 |  | 1,250 |  |

30,083 |  | 32,100 |  |

8. | LOANS AND OTHER DEBTS DUE TO MEMBERS |

| Amounts due to members, other than those classified as equity, represent loans and other debts payable to members. These balances rank pari passu with the LLP’s other unsecured creditors and are repayable in accordance with the LLP Agreement.