REGISTERED NUMBER: SO305393 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Arisaig Farm Partnership LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

T M L Newall

J M N Newall

Mrs S P M Newall

REGISTERED OFFICE:

Second Floor

Airbles House

270 Airbles Road

Motherwell

ML1 3AT

REGISTERED NUMBER:

SO305393 (Scotland)

ACCOUNTANTS:

Accountants Plus

Chartered Certified Accountants

Second Floor

Airbles House

270 Airbles Road

Motherwell

ML1 3AT

FIXED ASSETS

Intangible assets

4

2,799

3,332

Tangible assets

5

1,732,468

1,524,968

1,735,267

1,528,300

CURRENT ASSETS

Stocks

16,400

11,000

Debtors

6

50,482

43,598

Cash at bank and in hand

3,888

796

70,770

55,394

CREDITORS

Amounts falling due within one year

7

159,862

145,257

NET CURRENT LIABILITIES

(89,092

)

(89,863

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,646,175

1,438,437

CREDITORS

Amounts falling due after more than one year

8

585

2,393

NET ASSETS ATTRIBUTABLE TO MEMBERS

1,645,590

1,436,044

LOANS AND OTHER DEBTS DUE TO MEMBERS

1,645,590

1,436,044

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

1,645,590

1,436,044

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 23 December 2025 and were signed by:

T M L Newall - Designated member

1.	STATUTORY INFORMATION

Arisaig Farm Partnership 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

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

Plant and machinery etc

-

33% on reducing balance, 25% on reducing balance, 20% on cost and at varying rates on cost

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 NIL (2024 - NIL).

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2024

and 31 March 2025

5,332

AMORTISATION

At 1 April 2024

2,000

Charge for year

533

At 31 March 2025

2,533

NET BOOK VALUE

At 31 March 2025

2,799

At 31 March 2024

3,332

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

1,477,580

87,172

1,564,752

Additions

107,078

151,333

258,411

Disposals

-

(6,805

)

(6,805

)

Reclassification/transfer

(8,157

)

-

(8,157

)

At 31 March 2025

1,576,501

231,700

1,808,201

DEPRECIATION

At 1 April 2024

-

39,784

39,784

Charge for year

-

42,754

42,754

Eliminated on disposal

-

(6,805

)

(6,805

)

At 31 March 2025

-

75,733

75,733

NET BOOK VALUE

At 31 March 2025

1,576,501

155,967

1,732,468

At 31 March 2024

1,477,580

47,388

1,524,968

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

15,013

4,796

Amounts owed by participating interests

-

3,352

Amounts recoverable on contract

35,469

34,669

Other debtors

-

781

50,482

43,598

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

1,895

1,895

Trade creditors

23,432

17,640

Amounts owed to participating interests

112,799

94,054

Taxation and social security

20,656

21,368

Other creditors

1,080

10,300

159,862

145,257

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

585

2,393