REGISTERED NUMBER: SO306514 (Scotland)

Report of the Members and

Unaudited Financial Statements

For The Year Ended 31 March 2025

for

Donald & Ewan Turner LLP

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DESIGNATED MEMBERS:

D Turner

E Turner

REGISTERED OFFICE:

1 Cambuslang Court

Cambuslang

Glasgow

Strathclyde

G32 8FH

REGISTERED NUMBER:

SO306514 (Scotland)

ACCOUNTANTS:

Atkinson Donnelly LLP

1 Cambuslang Court

Cambuslang

Glasgow

Strathclyde

G32 8FH

The members present their report with the financial statements of the LLP for the year ended 31 March 2025.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of rental of commercial property.

DESIGNATED MEMBERS

The designated members during the year under review were:

D Turner

E Turner

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £16,803 (2024 - £48,581 profit).

MEMBERS' INTERESTS

Capital is repaid to members on retirement from the firm in line with the Members' Agreement or at such time as is determined by the senior member.

ON BEHALF OF THE MEMBERS:

E Turner - Designated member

15 December 2025

TURNOVER

55,700

67,400

Distribution costs

600

-

Administrative expenses

40,645

5,468

41,245

5,468

14,455

61,932

Other operating income

1,324

-

OPERATING PROFIT

4

15,779

61,932

Interest payable and similar expenses

(1,024

)

13,351

PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS

16,803

48,581

FIXED ASSETS

Tangible assets

5

27,360

592,291

CURRENT ASSETS

Debtors

39,866

-

Cash at bank

3,213

290

43,079

290

CREDITORS

Amounts falling due within one year

6

27,156

16,288

NET CURRENT ASSETS/(LIABILITIES)

15,923

(15,998

)

TOTAL ASSETS LESS CURRENT LIABILITIES

43,283

576,293

CREDITORS

Amounts falling due after more than one year

7

16,784

128,637

NET ASSETS ATTRIBUTABLE TO MEMBERS

26,499

447,656

LOANS AND OTHER DEBTS DUE TO MEMBERS

9

26,499

447,656

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

26,499

447,656

Amounts due from members

(39,866

)

-

(13,367

)

447,656

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 in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 15 December 2025 and were signed by:

E Turner - Designated member

1.	STATUTORY INFORMATION

Donald & Ewan Turner 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 the cost less estimated residual value of each asset over its estimated useful life.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 2 (2024 - 2 ) .

4.	OPERATING PROFIT

The operating profit is stated after charging:

31.3.25

31.3.24

£

£

Depreciation - owned assets

6,840

-

5.	TANGIBLE FIXED ASSETS

Freehold

Plant and

property

machinery

Totals

£

£

£

COST

At 1 April 2024

592,291

-

592,291

Additions

-

34,200

34,200

Disposals

(592,291

)

-

(592,291

)

At 31 March 2025

-

34,200

34,200

DEPRECIATION

Charge for year

-

6,840

6,840

At 31 March 2025

-

6,840

6,840

NET BOOK VALUE

At 31 March 2025

-

27,360

27,360

At 31 March 2024

592,291

-

592,291

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts (see note 8)

4,800

4,800

Hire purchase contracts

7,960

-

Trade creditors

119

109

Other creditors

14,277

11,379

27,156

16,288

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans (see note 8)

800

128,637

Hire purchase contracts

15,984

-

16,784

128,637

8.

LOANS

An analysis of the maturity of loans is given below:

31.3.25

31.3.24

£

£

Amounts falling due within one year or on demand:

Bank loans - less than 1 yr

4,800

4,800

31.3.25

31.3.24

£

£

Amounts falling due between one and two years:

Bank loans - 1-2 years

800

4,800

Amounts falling due between two and five years:

Bank loans - 2-5 years

-

123,837

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Debts due to members rank pari passu with ordinary creditors in the event of a winding up.

10.	RELATED PARTY DISCLOSURES

During the year the partnership was paid rent of £55,700 from Drumclog Plant Ltd, a company owned by the members. At the year end date an intercompany balance of £12,747 (2024: £6,138) is due to Drumclog Plant Ltd.