1 April 2024 false No description of principal activity Taxfiler 2024.6 SO302729 business:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 SO302729 2024-03-31 SO302729 2024-04-01 2025-03-31 SO302729 business:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 SO302729 business:FilletedAccounts 2024-04-01 2025-03-31 SO302729 2025-03-31 SO302729 business:PartnerLLP1 2024-04-01 2025-03-31 SO302729 business:PartnerLLP2 2024-04-01 2025-03-31 SO302729 business:PartnerLLP3 2024-04-01 2025-03-31 SO302729 business:RegisteredOffice 2024-04-01 2025-03-31 SO302729 2024-03-31 SO302729 core:WithinOneYear 2025-03-31 SO302729 core:WithinOneYear 2024-03-31 SO302729 core:RetainedEarningsAccumulatedLosses 2025-03-31 SO302729 core:RetainedEarningsAccumulatedLosses 2024-03-31 SO302729 business:SmallEntities 2024-04-01 2025-03-31 SO302729 core:MotorVehicles 2024-04-01 2025-03-31 SO302729 core:ComputerEquipment 2024-04-01 2025-03-31 SO302729 countries:Scotland 2024-04-01 2025-03-31 SO302729 core:Goodwill 2024-03-31 SO302729 core:Goodwill 2025-03-31 SO302729 core:Goodwill 2024-04-01 2025-03-31 SO302729 core:MotorVehicles 2024-03-31 SO302729 core:ComputerEquipment 2024-03-31 SO302729 core:MotorVehicles 2025-03-31 SO302729 core:ComputerEquipment 2025-03-31 SO302729 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Registered No. SO302729 (Scotland)
Monteith Steen LLP Unaudited accounts for the year ended 31 March 2025
Monteith Steen LLP LLP Information for the year ended 31 March 2025
Designated members
Mr Martin Devaney
Mr Alan Steen
Mrs Kirsty Steen
Registered Number
SO302729 (Scotland)
Registered Office
2 Charlotte Street Perth PH1 5LL
Accountants
B&L - TaxKings 2 Charlotte Street Perth PH1 5LL
- 2 -
Monteith Steen LLP Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
3
70,000
80,000
Tangible assets
4
3,482
5,391
73,482
85,391
Current assets
Cash at bank and in hand
66,505
109,597
Creditors: amounts falling due within one year
5
(13,816)
(16,913)
Net current assets
52,689
92,684
Net assets attributable to members
126,171
178,075
Represented by:
Loans and other debts due to members
6
(217,955)
(6,782)
Members' other interests
Other reserves
344,126
184,857
126,171
178,075
Total members' interests
Loans and other debts due to members
(217,955)
(6,782)
Members' other interests
344,126
184,857
126,171
178,075
For the year ending 31 March 2025 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (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 profit and loss account has not been delivered to the Registrar of Companies.
Approved by the members on 1 December 2025.
Mr Alan Steen Designated member Limited Liability Partnership Registration No. SO302729
- 3 -
Monteith Steen LLP Notes to the Accounts for the year ended 31 March 2025
1
Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% Reducing Balance
Computer equipment
25% Reducing Balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
2
Statutory information
Monteith Steen LLP is a limited liability partnership, incorporated in Scotland, registration number SO302729. Its registered office is 2 Charlotte Street, Perth, PH1 5LL.
3
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2024
100,000
At 31 March 2025
100,000
Amortisation
At 1 April 2024
20,000
Charge for the year
10,000
At 31 March 2025
30,000
Net book value
At 31 March 2025
70,000
At 31 March 2024
80,000
- 4 -
Monteith Steen LLP Notes to the Accounts for the year ended 31 March 2025
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 April 2024
45,009
13,421
58,430
Disposals
-
(11,636)
(11,636)
At 31 March 2025
45,009
1,785
46,794
Depreciation
At 1 April 2024
40,290
12,749
53,039
Charge for the year
1,573
336
1,909
On disposals
-
(11,636)
(11,636)
At 31 March 2025
41,863
1,449
43,312
Net book value
At 31 March 2025
3,146
336
3,482
At 31 March 2024
4,719
672
5,391
5
Creditors: amounts falling due within one year
2025
2024
£
£
Taxes and social security costs
12,487
11,878
Other creditors
1,329
5,035
13,816
16,913
6
Loans and other debts due to members
2025
2024
£
£
Loans from members
(22,602)
(22,602)
Amounts due to members in respect of profits
(195,353)
15,820
(217,955)
(6,782)
Amounts falling due within one year
(217,955)
(6,782)
7
Average number of employees
During the year the average number of employees was 0 (2024: 0).
- 5 -