REGISTERED NUMBER: OC407498 (England and Wales)

Allan James Scott LLP

Report of the Members and

Financial Statements

for the Year Ended 31st March 2026

Page

General information

1

Report of the members

2

Accountants' report

3

Income statement

4

Balance sheet

5

to

6

Notes to the financial statements

7

to

9

Designated members:

Mrs Amy Justine Malley

Allan James Scott

Registered office:

60 Oliver Road

Wooler

Northumberland

NE71 6NT

Registered number:

OC407498 (England and Wales)

Accountants:

Rennie Welch LLP

Academy House

Shedden Park Road

Kelso

Roxburghshire

TD5 7AL

The members present their report with the financial statements of the LLP for the year ended 31st March 2026.

Principal activity

The principal activity of the LLP in the year under review was that of the provision of farming.

Designated members

The designated members during the year under review were:

Mrs Amy Justine Malley

Allan James Scott

Results for the year and allocation to members

The loss for the year before members' remuneration and profit shares was £5,574 (2025 - £10,523 loss).

Members' interests

Members are permitted to make drawings in anticipation of profits which will be allocated to them. The amount of such drawings is determined on a monthly basis, taking into account the cash needs of the LLP.

New members are not required to subscribe a minimum level of capital but in subsequent years members are invited to subscribe for further capital, the amounts of which are determined by the performance of the LLP. On retirement, capital is repaid to members over specified periods of time.

Statement of members' responsibilities

The members are responsible for preparing the Report of the members and the financial statements in accordance with applicable law and regulations.

Legislation applicable to limited liability partnerships requires the members to prepare financial statements for each financial year. Under that law the members have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under legislation applicable to limited liability partnerships the members must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the LLP and of the profit or loss of the LLP for that period. In preparing these financial statements, the members are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the LLP will continue in business.

The members are responsible for keeping adequate accounting records that are sufficient to show and explain the LLP's transactions and disclose with reasonable accuracy at any time the financial position of the LLP and enable them to ensure that the financial statements comply with the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008. They are also responsible for safeguarding the assets of the LLP and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

On behalf of the members:

Allan James Scott - Designated member

27th April 2026

In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of Allan James Scott LLP for the year ended 31st March 2026 on pages four to nine from the LLP's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at their website.

This report is made solely to the members of Allan James Scott LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Allan James Scott LLP and state those matters that we have agreed to state to the members of Allan James Scott LLP, as a body, in this report in accordance with the requirements of ICAS as detailed at their website. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that Allan James Scott LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Allan James Scott LLP. You consider that Allan James Scott LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Allan James Scott LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Rennie Welch LLP

Academy House

Shedden Park Road

Kelso

Roxburghshire

TD5 7AL

27th April 2026

Turnover

22,933

22,317

Cost of sales

(9,466

)

(11,794

)

Gross profit

13,467

10,523

Administrative expenses

(19,041

)

(21,046

)

Operating loss and

Loss for the financial year before members' remuneration and profit shares

(5,574

)

(10,523

)

Loss for the financial year before members' remuneration and profit shares

(5,574

)

(10,523

)

Members' remuneration charged as an expense

4

5,574

10,523

Profit for the financial year available for discretionary division among members

-

-

Fixed assets

Tangible assets

5

18,319

23,953

Current assets

Stocks

29,012

24,280

Debtors

6

42,254

34,005

Cash at bank

1,992

1,328

73,258

59,613

Creditors

Amounts falling due within one year

7

1,216

1,376

Net current assets

72,042

58,237

Total assets less current liabilities

and

Net assets attributable to members

90,361

82,190

Loans and other debts due to members

8

90,361

82,190

Total members' interests

Loans and other debts due to members

8

90,361

82,190

Amounts due from members

6

(37,777

)

(29,629

)

52,584

52,561

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 31st March 2026.

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 27th April 2026 and were signed by:

Allan James Scott - Designated member

1.	Statutory information

Allan James Scott LLP is registered in England and Wales. 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 represents the total invoice value, excluding value added tax, of sales invoiced during the year, or the fair value of services provided for amounts not invoiced at the year end.

Turnover arising from the sale of goods is recognised when the significant risks and rewards of ownership have passed to the buyer. Turnover arising from the provision of services is recognised as contract activity progresses and the right to consideration is earned. Unbilled turnover is included in debtors as amounts recoverable on contracts.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance and 20% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Stocks

Stock is valued at the lower of cost and net realisable value. Cost includes all direct expenditure and appropriate proportion of fixed and variable overheads. Net realisable value is based on estimated selling prices.

Financial instruments

The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors and accruals.

Trade debtors, trade creditors and accruals are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Income Statement.

Members remuneration

Profits and losses are automatically divided between members in accordance with the terms of the LLP agreement, and hence there are no unallocated profits or losses.

Provisions

Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Going Concern

The members have considered the company's financial position for a period of 12 months and beyond from the date of signing these financial statements and have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.

3.	Employee information

The average number of employees during the year was 1 (2025 - 1 ) .

4.	Information in relation to members

2026

2025

£

£

Members' remuneration charged as an expense

Automatic division of loss

(5,574

)

(10,523

)

5.	Tangible fixed assets

Plant and

machinery

etc

£

Cost

At 1st April 2025

and 31st March 2026

50,255

Depreciation

At 1st April 2025

26,302

Charge for year

5,634

At 31st March 2026

31,936

Net book value

At 31st March 2026

18,319

At 31st March 2025

23,953

6.

Debtors: amounts falling due within one year

2026

2025

£

£

Other debtors

42,254

34,005

7.

Creditors: amounts falling due within one year

2026

2025

£

£

Trade creditors

-

161

Other creditors

1,216

1,215

1,216

1,376

8.

Loans and other debts due to members

Capital loans and other debts due to members rank behind creditors, in accordance with the members' agreement.