REGISTERED NUMBER: SO304201 (Scotland)

Financial Statements For The Year Ended 31 March 2025

for

Barraston LLP

Page

General Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

B Hamilton

Mrs M Hamilton

K Gilchrist

REGISTERED OFFICE:

7 Barraston Holdings

Torrance

Glasgow

G64 4DW

REGISTERED NUMBER:

SO304201 (Scotland)

ACCOUNTANTS:

Robb Ferguson Chartered Accountants

Regent Court

70 West Regent Street

Glasgow

G2 2QZ

FIXED ASSETS

Investment property

4

540,000

540,000

CURRENT ASSETS

Debtors

5

894

3,660

Cash at bank

794

8,267

1,688

11,927

CREDITORS

Amounts falling due within one year

6

17,252

17,187

NET CURRENT LIABILITIES

(15,564

)

(5,260

)

TOTAL ASSETS LESS CURRENT LIABILITIES

524,436

534,740

CREDITORS

Amounts falling due after more than one year

7

199,487

215,260

NET ASSETS ATTRIBUTABLE TO MEMBERS

324,949

319,480

LOANS AND OTHER DEBTS DUE TO MEMBERS

9

180,969

175,500

MEMBERS' OTHER INTERESTS

Revaluation reserve

10

143,980

143,980

324,949

319,480

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

180,969

175,500

Members' other interests

143,980

143,980

324,949

319,480

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 15 December 2025 and were signed by:

Mrs M Hamilton - Designated member

1.	STATUTORY INFORMATION

Barraston LLP is registered in Scotland. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at fair value of the consideration received or receivable.

Turnover represents the net income received through the rental of the LLP's land and buildings

Investment property

Investment property is shown at fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in statement of comprehensive income.

Financial instruments

Basic financial instruments are recognised at amortised cost. Non-basic financial instruments, such as convertible loans, are recognised at fair value.

Cash and cash equivalent

Cash and cash equivalent in the statement of financial position comprise of cash at bank with a short term of maturity, being twelve months or less, from the opening of the deposit or similar account.

Creditors

Other creditors are recognised where the LLP has a present obligation resulting from a past event and are recognised at the settlement amount due after allowing for any trade discounts due.

Other loans

Other 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.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

540,000

NET BOOK VALUE

At 31 March 2025

540,000

At 31 March 2024

540,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2025

540,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

894

3,660

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

15,772

15,772

Accrued expenses

1,480

1,415

17,252

17,187

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans 1-2 years

199,487

215,260

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

215,259

231,032

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members' would rank in equal weighting in relation to other creditors

10.

RESERVES

Revaluation

reserve

£

At 1 April 2024

and 31 March 2025

143,980

11.	RELATED PARTY DISCLOSURES

During the year the business received rental income of £25,400 ( 2024 - £16,200 ) from SGS Group

(North) Limited, a company in which two of the designated members are directors. At the year end

SGS Group (North) owed the business £894 ( 2024 - £3,660 )