REGISTERED NUMBER: SO306506 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Stephen Dalton & Daughters LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Mrs E I Cunningham

Miss B R Dalton

Mrs R D McGregor

Mrs G Thomson

REGISTERED OFFICE:

Dalton House

15 Youngs Road

East Mains Industrial Estate

Broxburn

West Lothian

EH52 5LY

REGISTERED NUMBER:

SO306506 (Scotland)

ACCOUNTANTS:

Whitelaw Wells

9 Ainslie Place

Edinburgh

Midlothian

EH3 6AT

FIXED ASSETS

Investment property

4

796,240

1,380,000

CURRENT ASSETS

Debtors

5

79,868

89,839

Cash at bank

227,510

203,501

307,378

293,340

CREDITORS

Amounts falling due within one year

6

117,350

80,308

NET CURRENT ASSETS

190,028

213,032

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

986,268

1,593,032

LOANS AND OTHER DEBTS DUE TO MEMBERS

7

986,268

1,593,032

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

986,268

1,593,032

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:

Mrs E I Cunningham - Designated member

1.	STATUTORY INFORMATION

Stephen Dalton & Daughters 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 and revenue recognition

Turnover represents the receipt of rent.

Rent is recognised in accordance with the lease agreement. Where there are lease incentives such as rent free periods, the rent relating to these incentives are accrued and subsequently released over the full period of the lease agreement.

Investment property

Investment property is shown at cost.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

All loans with related parties are all repayable on demand.

3.	EMPLOYEE INFORMATION

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

4.	INVESTMENT PROPERTY

Total

£

COST

At 1 April 2024

1,380,000

Additions

301,240

Disposals

(885,000

)

At 31 March 2025

796,240

NET BOOK VALUE

At 31 March 2025

796,240

At 31 March 2024

1,380,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

45,908

42,381

Other debtors

33,960

47,458

79,868

89,839

Included in other debtors are amounts due from related parties of £19,636 (2024 - £35,355).

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

26,196

12,751

Taxation and social security

4,230

6,474

Other creditors

86,924

61,083

117,350

80,308

Included in other creditors are amounts owed to related parties of £47,212 (2024 - £1,792).

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

In accordance with the SORP "Accounting by Limited Liability Partnerships" all amounts due to members are classified as a liability.

Loans and other debts due to members rank after secured and ordinary creditors in the event of a winding up.