Peter Scott & Co Llp

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: OC417945

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		30,712		39,416

			30,712		39,416
CURRENT ASSETS
Cash at bank and in hand		219,587		53,574

		219,587		53,574
Creditors: Amounts Falling Due Within One Year	6	(139,438 )		(84,329 )

NET CURRENT ASSETS (LIABILITIES)			80,149		(30,755 )

TOTAL ASSETS LESS CURRENT LIABILITIES			110,861		8,661

Creditors: Amounts Falling Due After More Than One Year	7		-		(22,227 )

NET ASSETS/(LIABILITIES) ATTRIBUTABLE TO MEMBERS			110,861		(13,566 )

REPRESENTED BY:
Loans and other debts due to members
Members' capital classified as a liability		1,145		-
Other amounts		255,869		132,587

			257,014		132,587

Equity
Members' other interests
Members' capital		(108,419)		(108,419)
Revaluation reserve		(37,734)		(37,734)

			(146,153)		(146,153)

			110,861		(13,566)

TOTAL MEMBERS' INTEREST
Loans and other debts due to members			257,014		132,587
Members' other interests			(146,153)		(146,153)

			110,861		(13,566)

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Peter Scott & Co Llp

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.

On behalf of the members

Mr Peter Scott

Designated Member

9th December 2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Peter Scott & Co Llp is a limited liability partnership, incorporated in England & Wales, registered number OC417945 . The Registered Office is 18 Deanway, Chalfont St. Giles, Bucks, HP8 4JH.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).

The financial statements are prepared in sterling which is the functional currency of the LLP.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% reducing balance
Motor Vehicles	25% reducing balance
Computer Equipment	3 years

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the LLP. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: NIL (2024: NIL)

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Peter Scott & Co Llp

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 April 2024	10,223	55,424	3,936	69,583

As at 31 March 2025	10,223	55,424	3,936	69,583

Depreciation
As at 1 April 2024	1,992	24,311	3,864	30,167
Provided during the period	826	7,806	72	8,704

As at 31 March 2025	2,818	32,117	3,936	38,871

Net Book Value
As at 31 March 2025	7,405	23,307	-	30,712

As at 1 April 2024	8,231	31,113	72	39,416

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	25,423	7,903
Trade creditors	87,520	55,409
Bank loans and overdrafts	3,075	6,772
Other creditors	406	297
Taxation and social security	23,014	13,948

	139,438	84,329

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	-	22,227

8. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	25,423	7,903
Later than one year and not later than five years	-	22,227

	25,423	30,130

	25,423	30,130

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