Limited Liability Partnership registration number SO304632 (Scotland)
NELLANY AND COMPANY LLP
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2025
PAGES FOR FILING WITH REGISTRAR
NELLANY AND COMPANY LLP
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
NELLANY AND COMPANY LLP
BALANCE SHEET
AS AT
30 NOVEMBER 2025
30 November 2025
- 1 -
30 November 2025
31 March 2025
Notes
£
£
£
£
Fixed assets
Intangible assets
3
-
30,000
Tangible assets
4
-
37,883
-
67,883
Current assets
Stocks
-
80,000
Debtors
5
-
140,492
Cash at bank and in hand
2,211,766
1,981,256
2,211,766
2,201,748
Creditors: amounts falling due within one year
6
(2,072,432)
(1,960,864)
Net current assets
139,334
240,884
Total assets less current liabilities
139,334
308,767
Creditors: amounts falling due after more than one year
7
-
(17,659)
Net assets attributable to members
139,334
291,108
Represented by:
Loans and other debts due to members within one year
Amounts due in respect of profits
139,334
291,108

For the financial period ended 30 November 2025 the limited liability partnership 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 relating to small limited liability partnerships.

The members acknowledge their responsibilities for complying with the requirements of the Act as applied to limited liability partnerships with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to limited liability partnerships subject to the small limited liability partnerships regime.

T he members of the limited liability partnership have elected not to include a copy of the profit and loss account within the financial statements.

The financial statements were approved by the members and authorised for issue on 22 April 2026 and are signed on their behalf by:
22 April 2026
Ms R A Atkinson
Designated member
Limited Liability Partnership registration number SO304632 (Scotland)
NELLANY AND COMPANY LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2025
- 2 -
1
Accounting policies
Limited liability partnership information

Nellany and Company LLP is a limited liability partnership incorporated in Scotland. The registered office 35 Chapelwell Street, Saltcoats, Ayrshire, KA7 1EN.

The limited liability partnership's principal activities are disclosed in the Members' Report.

1.1
Reporting period

The length of the reporting period has been shortened to 8 months, due to this being the final set of accounts for the partnership. The comparative amounts presented in the financial statements (including the related notes) are therefore not entirely comparable.

1.2
Accounting convention

These financial statements have been prepared in accordance with the Statement of Recommended Practice "Accounting by Limited Liability Partnerships" issued in December 2021, together with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the limited liability partnership. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Going concern

On 30 November 2025, Nellany and Company LLP ceased trading. The members considers it appropriate to prepare the financial statements on a basis other than going concern.

1.4
Members' participating interests

Members' participation rights are the rights of a member against the LLP that arise under the m embers' agreement (for example, in respect of amounts subscribed or otherwise contributed remuneration and profits).

Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with section 22 of FRS 102. A member's participation rights including amounts subscribed or otherwise contributed by members, for example members' capital, are classed as liabilities unless the LLP has an unconditional right to refuse payment to members, in which case they are classified as equity.

Once an unavoidable obligation has been created in favour of members through allocation of profits or other means, any undrawn profits remaining at the reporting date are shown as ‘Loans and other debts due to members’ to the extent they exceed debts due from a specific member.

1.5
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is measured at cost.

1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

NELLANY AND COMPANY LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 NOVEMBER 2025
1
Accounting policies
(Continued)
- 3 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
20% Reducing Balance
Motor vehicles
25% Reducing Balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease d asset are consumed.

2
Employees

The average number of persons (excluding members) employed by the partnership during the period was:

2025
2025
Number
Number
Total
12
12
NELLANY AND COMPANY LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 NOVEMBER 2025
- 4 -
3
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2025
30,000
Disposals
(30,000)
At 30 November 2025
-
Amortisation and impairment
At 1 April 2025 and 30 November 2025
-
Carrying amount
At 30 November 2025
-
At 31 March 2025
30,000
4
Tangible fixed assets
Computers
Motor vehicles
Total
£
£
£
Cost
At 1 April 2025
4,546
46,899
51,445
Additions
-
88,069
88,069
Disposals
(4,546)
(134,968)
(139,514)
At 30 November 2025
-
-
-
Depreciation and impairment
At 1 April 2025
2,814
10,748
13,562
Eliminated in respect of disposals
(2,814)
(10,748)
(13,562)
At 30 November 2025
-
-
-
Carrying amount
At 30 November 2025
-
-
-
At 31 March 2025
1,732
36,151
37,883
5
Debtors
2025
2025
Amounts falling due within one year:
£
£
Trade debtors
-
128,087
Prepayments and accrued income
-
12,405
-
140,492
NELLANY AND COMPANY LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 NOVEMBER 2025
- 5 -
6
Creditors: amounts falling due within one year
2025
2025
£
£
Bank loans
-
44,613
Obligations under finance leases
-
6,368
Other taxation and social security
68,498
52,457
Other creditors
2,003,934
1,854,047
Accruals and deferred income
-
3,379
2,072,432
1,960,864
7
Creditors: amounts falling due after more than one year
2025
2025
£
£
Bank loans and overdrafts
-
2,429
Obligations under finance leases
-
15,230
-
17,659
8
Loans and other debts due to members

In the event of a winding up the amounts included in "Loans and other debts due to members" will rank equally with unsecured creditors.

2025-11-30 2025-04-01 false false 22 April 2026 CCH Software CCH Accounts Production 2025.300 false SO304632 2025-04-01 2025-11-30 SO304632 2025-11-30 SO304632 bus:PartnerLLP1 2025-04-01 2025-11-30 SO304632 2024-04-01 2025-03-31 SO304632 bus:LimitedLiabilityPartnershipLLP 2025-04-01 2025-11-30 SO304632 bus:SmallCompaniesRegimeForAccounts 2025-04-01 2025-11-30 SO304632 bus:FRS102 2025-04-01 2025-11-30 SO304632 bus:AuditExemptWithAccountantsReport 2025-04-01 2025-11-30 SO304632 bus:FullAccounts 2025-04-01 2025-11-30 xbrli:pure xbrli:shares