REGISTERED NUMBER: SO306086 (Scotland)

Report of the Members and

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Gebbie & Wilson LLP

Page

General Information

1

Report of the Members

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

6

DESIGNATED MEMBERS:

Jan Margaret Bayley

Louise Anne Arthur

Catherine Lorraine Black

Eva Yee Wah Li

REGISTERED OFFICE:

18 Common Green

Strathaven

ML10 6AG

REGISTERED NUMBER:

SO306086 (Scotland)

ACCOUNTANTS:

Accountants Plus

Chartered Certified Accountants

Second Floor

Airbles House

270 Airbles Road

Motherwell

ML1 3AT

The members present their report with the financial statements of the LLP for the year ended 31 December 2025.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of Solicitors

DESIGNATED MEMBERS

The designated members during the year under review were:

David Carson Murray

Jan Margaret Bayley

Louise Anne Arthur

Catherine Lorraine Black

Eva Yee Wah Li

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £488,364 (2024 - £548,202 profit).

MEMBERS' INTERESTS

Members participate in the provision of the LLP's working capital requirement in accordance with the membership agreement. The Capital is repaid in full on retirement. The level of Capital subscription is determined from time to time depending on the financial requirements of the business. All members draw a proportion of their profit share in periodic instalments during the year. On retirement any undrawn profit share is repaid in accordance with the membership agreement.

ON BEHALF OF THE MEMBERS:

Jan Margaret Bayley - Designated member

15 May 2026

TURNOVER

931,910

923,672

Administrative expenses

493,374

431,712

438,536

491,960

Other operating income

767

1,615

OPERATING PROFIT

4

439,303

493,575

Interest receivable and similar income

49,061

54,627

PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES

488,364

548,202

PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES

488,364

548,202

Members' remuneration charged as an expense

5

(488,364

)

(548,202

)

PROFIT FOR THE FINANCIAL YEAR AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS

-

-

FIXED ASSETS

Tangible assets

6

15,439

17,638

CURRENT ASSETS

Debtors

7

167,121

189,215

Cash at bank and in hand

574,214

640,962

741,335

830,177

CREDITORS

Amounts falling due within one year

8

22,836

16,793

NET CURRENT ASSETS

718,499

813,384

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

733,938

831,022

LOANS AND OTHER DEBTS DUE TO MEMBERS

9

733,938

831,022

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

733,938

831,022

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 December 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 in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 15 May 2026 and were signed by:

Jan Margaret Bayley - Designated member

1.	STATUTORY INFORMATION

Gebbie & Wilson 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.

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.

Fixtures and fittings

-

10% on cost

Computer equipment

-

25% on cost

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 8 (2024 - 9 ) .

4.	OPERATING PROFIT

The operating profit is stated after charging:

31.12.25

31.12.24

£

£

Depreciation - owned assets

7,890

6,466

5.	INFORMATION IN RELATION TO MEMBERS

31.12.25

31.12.24

£

£

Members' remuneration charged as an expense

Partners' salaries

-

123,200

Partners' interest on capital

29,117

-

Partners' fixed profit share

459,247

425,002

Total remuneration

488,364

548,202

6.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2025

35,150

17,052

52,202

Additions

-

5,691

5,691

At 31 December 2025

35,150

22,743

57,893

DEPRECIATION

At 1 January 2025

26,363

8,201

34,564

Charge for year

3,515

4,375

7,890

At 31 December 2025

29,878

12,576

42,454

NET BOOK VALUE

At 31 December 2025

5,272

10,167

15,439

At 31 December 2024

8,787

8,851

17,638

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Fee debtors

37,777

30,146

Client outlays

16,903

13,666

Accrued income

80,298

107,927

Prepayments

32,143

37,476

167,121

189,215

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

VAT

13,237

9,375

Accrued expenses

9,599

7,418

22,836

16,793

9.

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.

10.	OTHER FINANCIAL COMMITMENTS

Operating lease commitments,

At the reporting end date the limited liability partnership had outstanding commitments for future minimum lease payments under non-cancellable operating leases of £151,299 (2024 - £176,599).