REGISTERED NUMBER: SO304161 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Moscar LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Mrs A J Mukherjee

Mr R K Mukherjee

REGISTERED OFFICE:

The Cockenzie Hub

Edinburgh Road

Cockenzie

East Lothian

EH32 0XL

REGISTERED NUMBER:

SO304161 (Scotland)

ACCOUNTANTS:

One Accounting Ltd

Chartered Management Accountants

Drumsheugh Toll

2 Belford Road

Edinburgh

Midlothian

EH4 3BL

FIXED ASSETS

Tangible assets

4

956,264

1,752,289

CURRENT ASSETS

Debtors

5

7,252

5,960

Cash at bank

21,151

51,782

28,403

57,742

CREDITORS

Amounts falling due within one year

6

66,340

96,031

NET CURRENT LIABILITIES

(37,937

)

(38,289

)

TOTAL ASSETS LESS CURRENT LIABILITIES

918,327

1,714,000

CREDITORS

Amounts falling due after more than one year

7

17,198

21,895

NET ASSETS ATTRIBUTABLE TO MEMBERS

901,129

1,692,105

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

784,347

775,323

MEMBERS' OTHER INTERESTS

Fair value reserve

116,782

916,782

901,129

1,692,105

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

784,347

775,323

Members' other interests

116,782

916,782

901,129

1,692,105

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 24 December 2025 and were signed by:

Mr R K Mukherjee - Designated member

1.	STATUTORY INFORMATION

Moscar 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 as modified by the revaluation of certain assets.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

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.

Plant and machinery etc

-

25% on cost

Financial instruments

The LLP only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable are initially measured at present value of future cash flows and subsequently amortised at cost using the effective interest method. Where loans have been consolidated, this has been treated as a new loan agreement and the effective rate of interest has been recalculated.

Creditors payable within one year, typically trade payables, are measured, initially and subsequently at the undiscounted amount of the cash or other consideration expected to be paid.

Debtors payable within one year, typically trade payables, are measured initially and subsequently at the undiscounted amount of the cash or other consideration expected to be received.

Land and buildings

For the current financial year, under FRS 102 section 16 the LLP has opted to use the fair value method for valuing Investment Property. The value is based on the designated members assessment of the value of the property, based on local market knowledge and after taking into account wear and tear.

3.	EMPLOYEE INFORMATION

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

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 April 2024

1,750,000

7,293

1,757,293

Additions

-

6,170

6,170

Revaluations

(800,000

)

-

(800,000

)

At 31 March 2025

950,000

13,463

963,463

DEPRECIATION

At 1 April 2024

-

5,004

5,004

Charge for year

-

2,195

2,195

At 31 March 2025

-

7,199

7,199

NET BOOK VALUE

At 31 March 2025

950,000

6,264

956,264

At 31 March 2024

1,750,000

2,289

1,752,289

Cost or valuation at 31 March 2025 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2025

116,782

-

116,782

Cost

833,218

13,463

846,681

950,000

13,463

963,463

If Investment properties had not been revalued they would have been included at the following historical cost:

31.3.25

31.3.24

£

£

Cost

833,218

833,218

Investment property was valued on open market basis basis on 31 March 2025 by the partners of Moscar LLP .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

3,939

3,193

Other debtors

3,313

2,767

7,252

5,960

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

4,827

4,806

Trade creditors

13,567

19,679

Taxation and social security

9,695

9,037

Other creditors

38,251

62,509

66,340

96,031

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

17,198

21,895

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up. There is no provision for specific legally enforceable protection afforded to creditors in such an event. There are no restrictions or limitations on the ability of the members to reduce the amount of members’ other interests.