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
Registered Number
SO302729 (Scotland)
Registered Office
2 Charlotte Street
Perth
PH1 5LL
Accountants
B&L - TaxKings
2 Charlotte Street
Perth
PH1 5LL
Monteith Steen LLP
Statement of financial position
as at 31 March 2025
Intangible assets
70,000
80,000
Tangible assets
3,482
5,391
Cash at bank and in hand
66,505
109,597
Creditors: amounts falling due within one year
(13,816)
(16,913)
Net current assets
52,689
92,684
Net assets attributable to members
126,171
178,075
Loans and other debts due to members
(217,955)
(6,782)
Other reserves
344,126
184,857
Loans and other debts due to members
(217,955)
(6,782)
Members' other interests
344,126
184,857
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
Monteith Steen LLP
Notes to the Accounts
for the year ended 31 March 2025
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.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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
Charge for the year
10,000
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
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
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
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
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).