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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
Page 1
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

The notes form part of these financial statements

Page 2
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

Page 3
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.

Page 4