REGISTERED NUMBER: SO302635 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

THOMAS BARRIE & CO. LLP

Page

General Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

G Cruickshank

M A Greig

Mrs F Elrick

REGISTERED OFFICE:

c/o Thomas Barrie & Co LLP

4th Floor, Atlantic House

1a Cadogan Street

Glasgow

Lanarkshire

G2 6QE

REGISTERED NUMBER:

SO302635 (Scotland)

ACCOUNTANTS:

Thomas Barrie & Co.

Chartered Accountants

Atlantic House

1a Cadogan Street

Glasgow

G2 6QE

FIXED ASSETS

Intangible assets

4

75,000

78,543

Tangible assets

5

37,063

45,911

112,063

124,454

CURRENT ASSETS

Debtors

6

286,017

345,073

Cash at bank

7,260

3,570

293,277

348,643

CREDITORS

Amounts falling due within one year

7

(242,231

)

(194,795

)

NET CURRENT ASSETS

51,046

153,848

TOTAL ASSETS LESS CURRENT LIABILITIES

163,109

278,302

CREDITORS

Amounts falling due after more than one year

8

-

(1,838

)

NET ASSETS ATTRIBUTABLE TO MEMBERS

163,109

276,464

LOANS AND OTHER DEBTS DUE TO MEMBERS

10

163,109

276,464

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

10

163,109

276,464

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

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 25 July 2026 and were signed by:

M A Greig - Designated member

1.	STATUTORY INFORMATION

Thomas Barrie & Co. LLP is registered in Scotland, registration number SO304141. The registered office is Atlantic House, 1a Cadogan Street, Glasgow, G2 6QE..

The principal activity of the LLP is Chartered Accountants.

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.

The presentational and functional currency of the financial statements is Pounds Sterling (£).

Significant judgements and estimates

In preparing these financial statements, the members are required to make judgements, estimates and assumptions that affect the application of the LLP's accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to estimates are recognised prospectively

The following judgements and estimates have had the most significant effects on amounts recognised in the financial statements:

Plant and equipment

The estimates and assumptions made to determine asset lives require judgements to be made as regards useful lives and residual values. The useful lives and residual values of the LLP's financial assets are determined by management at the time the asset is acquired and reviewed annually for appropriateness. The lives are based on management experience with similar assets.

Turnover

Turnover represents the value of work done in the period, excluding value added tax.

Services

Income from services is recognised when performed, such that risks and rewards have been transferred to the end client.

Goodwill

Goodwill is being written down over a 10 year period to its estimated residual value of £75,000.

Tangible fixed assets

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

Plant and machinery etc

-

33% on cost, 25% on cost, 25% on reducing balance, 20% on cost and 10% on cost

The carrying values of tangible fixed assets are reviewed for impairment if events or changes in circumstances indicate the carrying values may not be reasonable.

Financial instruments

The LLP has financial assets and financial liabilities of a kind that qualify as basic financial instruments.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash and cash equivalents comprise cash balances, including bank overdrafts that are payable on demand and form an integral part of the company's cash management.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method..

Provisions

Provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the liability. The unwinding of the discount is recognised as finance 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.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 12 (2025 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

122,258

AMORTISATION

At 1 April 2025

43,715

Charge for year

3,543

At 31 March 2026

47,258

NET BOOK VALUE

At 31 March 2026

75,000

At 31 March 2025

78,543

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2025

88,919

Additions

4,188

Disposals

(893

)

At 31 March 2026

92,214

DEPRECIATION

At 1 April 2025

43,008

Charge for year

13,036

Eliminated on disposal

(893

)

At 31 March 2026

55,151

NET BOOK VALUE

At 31 March 2026

37,063

At 31 March 2025

45,911

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

263,419

325,437

Other debtors

22,598

19,636

286,017

345,073

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

122,733

128,671

Hire purchase contracts

1,774

12,421

Trade creditors

234

1,062

Taxation and social security

90,706

45,267

Other creditors

26,784

7,374

242,231

194,795

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

-

1,838

9.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank overdrafts

120,957

118,273

Bank loans

1,776

12,236

122,733

130,509

A floating charge has been granted in favour of HSBC Bank plc over the property and undertaking of the LLP.

10.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up. There is no provision for specific legally enforceable protection afforded to creditors in such an event. There are no restrictions or limitations on the ability of the members to reduce the amount of 'Members' other interests.