Starpoint Properties LLP - LLP accounts 24.3

REGISTERED NUMBER: SO301659 (Scotland)

REPORT OF THE MEMBERS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

STARPOINT PROPERTIES LLP

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Reconciliation of Members' Interests

6

Notes to the Financial Statements

8

DESIGNATED MEMBERS:

Mr G A Campbell

Mrs M C Campbell

Mr D Milne

Mrs E M Milne

REGISTERED OFFICE:

Station House

Ladysbridge

Banff

Aberdeenshire

AB45 2DT

REGISTERED NUMBER:

SO301659 (Scotland)

ACCOUNTANTS:

Bain Henry Reid

28 Broad Street

Peterhead

Aberdeenshire

AB42 1BY

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 a property investment partnership.

DESIGNATED MEMBERS

The designated members during the year under review were:

Mr G A Campbell

Mrs M C Campbell

Mr D Milne

Mrs E M Milne

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £27,191 (2024 - £31,227 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:

Mr D Milne - Designated member

31 August 2026

TURNOVER

41,112

44,104

Administrative expenses

13,921

12,877

OPERATING PROFIT and

PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE FOR
DISCRETIONARY DIVISION AMONG
MEMBERS

27,191

31,227

FIXED ASSETS

Tangible assets

4

-

Investment property

5

1,060,000

CURRENT ASSETS

Debtors

6

46,601

45,466

Cash at bank

16,378

18,856

62,979

64,322

CREDITORS

Amounts falling due within one year

7

1,440

2,880

NET CURRENT ASSETS

61,539

61,442

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,121,539

1,121,442

LOANS AND OTHER DEBTS DUE TO
MEMBERS

1,043,660

1,043,563

MEMBERS' OTHER INTERESTS

Revaluation reserve

8

77,879

1,121,539

1,121,442

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

1,043,660

1,043,563

Members' other interests

77,879

Amounts due from members

6

(45,372

)

(45,466

)

1,076,167

1,075,976

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 31 August 2026 and were signed by:

Mr D Milne - Designated member

EQUITY

Members' other interests

Revaluation

Other

reserve

reserves

Total

£

Balance at 1 January 2025

77,879

-

77,879

Profit for the financial year available for discretionary
division among members

-

27,191

Members' interests after profit for the year

77,879

27,191

105,070

Other divisions of profit

-

(27,191

)

(27,191

)

Drawings on account and distributions of profit

-

Balance at 31 December 2025

77,879

-

77,879

DEBT

TOTAL

Loans and other debts due to

MEMBERS'

members less any amounts due

INTERESTS

from members in debtors

Other

amounts

Total

£

Amount due to members

1,043,563

Amount due from members

(45,466

)

Balance at 1 January 2025

998,097

1,075,976

Profit for the financial year available for discretionary
division among members

-

27,191

Members' interests after profit for the year

998,097

1,103,167

Other divisions of profit

27,191

-

Drawings on account and distributions of profit

(27,000

)

(27,000

)

Amount due to members

1,043,660

Amount due from members

(45,372

)

Balance at 31 December 2025

998,288

1,076,167

EQUITY

Members' other interests

Revaluation

Other

reserve

reserves

Total

£

Balance at 1 January 2024

77,879

-

77,879

Profit for the financial year available for discretionary
division among members

-

31,227

Members' interests after profit for the year

77,879

31,227

109,106

Other divisions of profit

-

(31,227

)

(31,227

)

Drawings on account and distributions of profit

-

Balance at 31 December 2024

77,879

-

77,879

DEBT

TOTAL

Loans and other debts due to

MEMBERS'

members less any amounts due

INTERESTS

from members in debtors

Other

amounts

Total

£

Amount due to members

1,041,950

Amount due from members

(47,080

)

Balance at 1 January 2024

994,870

1,072,749

Profit for the financial year available for discretionary
division among members

-

31,227

Members' interests after profit for the year

994,870

1,103,976

Other divisions of profit

31,227

-

Drawings on account and distributions of profit

(28,000

)

(28,000

)

Amount due to members

1,043,563

Amount due from members

(45,466

)

Balance at 31 December 2024

998,097

1,075,976

1.	STATUTORY INFORMATION

Starpoint Properties LLP is registered in Scotland. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Plant and machinery etc

-

20-33% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in reserves.

Going concern

At the time of approving the financial statements the members have a reasonable expectation that the LLP has adequate resources to continue in operation for the foreseeable future, and therefore continue to adopt the going concern basis of accounting in preparing the financial statements.

3.	EMPLOYEE INFORMATION

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

and 31 December 2025

84,139

DEPRECIATION

At 1 January 2025

and 31 December 2025

84,139

NET BOOK VALUE

At 31 December 2025

-

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

and 31 December 2025

1,060,000

NET BOOK VALUE

At 31 December 2025

1,060,000

At 31 December 2024

1,060,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Other debtors

46,601

45,466

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Other creditors

1,440

2,880

8.

RESERVES

Revaluation

reserve

£

At 1 January 2025

and 31 December 2025

77,879