REGISTERED NUMBER: OC436803 (England and Wales)

REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

SUTHERLAND BARNS LLP

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DESIGNATED MEMBERS:

A C Sutherland

J N Sutherland

REGISTERED OFFICE:

First Floor

49 Mowlem Street

London

E2 9HE

REGISTERED NUMBER:

OC436803 (England and Wales)

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 property development and letting of leased and owned property.

DESIGNATED MEMBERS

The designated members during the year under review were:

A C Sutherland

J N Sutherland

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The loss for the year before members' remuneration and profit shares was £24,072 (2024 - £23,402 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:

A C Sutherland - Designated member

13 December 2025

TURNOVER

-

104,078

Cost of sales

(1,091

)

(2

)

GROSS PROFIT

1,091

104,080

Administrative expenses

77,793

80,678

(76,702

)

23,402

Other operating income

52,630

-

OPERATING (LOSS)/PROFIT and

(LOSS)/PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS

(24,072

)

23,402

FIXED ASSETS

Tangible assets

5

1,250,824

1,242,383

CURRENT ASSETS

Stocks

6

293,636

250,478

Debtors

7

2,067

15,253

Cash at bank

22,706

80,950

318,409

346,681

CREDITORS

Amounts falling due within one year

8

4,200

4,200

NET CURRENT ASSETS

314,209

342,481

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

1,565,033

1,584,864

LOANS AND OTHER DEBTS DUE TO MEMBERS

9

1,565,033

1,584,864

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

1,565,033

1,584,864

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 13 December 2025 and were signed by:

A C Sutherland - Designated member

1.	STATUTORY INFORMATION

Sutherland Barns LLP is registered in England and Wales. 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

-

not provided

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

3.	EMPLOYEE INFORMATION

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

4.	OPERATING (LOSS)/PROFIT

The operating loss (2024 - operating profit) is stated after charging:

2025

2024

£

£

Depreciation - owned assets

27,711

43,089

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

COST

At 1 April 2024

1,147,395

130,746

8,790

1,286,931

Additions

20,345

15,807

-

36,152

At 31 March 2025

1,167,740

146,553

8,790

1,323,083

DEPRECIATION

At 1 April 2024

-

40,016

4,532

44,548

Charge for year

-

26,646

1,065

27,711

At 31 March 2025

-

66,662

5,597

72,259

NET BOOK VALUE

At 31 March 2025

1,167,740

79,891

3,193

1,250,824

At 31 March 2024

1,147,395

90,730

4,258

1,242,383

6.

STOCKS

2025

2024

£

£

Stock of properties

293,636

250,478

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

2,067

15,253

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other creditors

4,200

4,200

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2025

2024

£

£

Amounts owed to members in respect of profits

1,565,033

1,584,864

Falling due within one year

1,565,033

1,584,864

Loans and other debts due to members (other than members' capital classified as debt) rank after all other debts have been paid.