| Boudicca Records LLP |
| Registered number: |
SO305145 |
| Balance Sheet |
| as at 31 March 2026 |
| Notes |
|
2026 |
|
2025 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
107 |
|
126 |
| Current assets |
|
|
|
|
|
| Cash at bank and in hand |
|
|
3,905 |
|
3,380 |
|
| Creditors: amounts falling due within one year |
4 |
|
(571) |
|
(570) |
|
| Net current assets |
|
|
3,334 |
|
2,810 |
|
|
|
|
|
|
| Total assets less current liabilities |
|
|
3,441 |
|
2,936 |
|
| Creditors: amounts falling due after more than one year |
5 |
|
(6,100) |
|
(5,000) |
|
|
| Net liabilities attributable to members |
(2,659) |
|
(2,064) |
|
|
|
|
|
|
| Represented by: |
| Loans and other debts due to members |
6 |
|
5,508 |
|
2,337 |
|
|
|
|
|
|
| Members' other interests |
| Members' capital classified as equity |
|
|
658 |
|
658 |
| Other reserves |
|
|
(8,825) |
|
(5,059) |
|
|
|
(8,167) |
|
(4,401) |
|
|
|
|
|
|
|
|
|
(2,659) |
|
(2,064) |
|
|
|
|
|
|
| Total members' interests |
| Loans and other debts due to members |
6 |
|
5,508 |
|
2,337 |
| Members' other interests |
|
|
(8,167) |
|
(4,401) |
|
|
|
|
(2,659) |
|
(2,064) |
|
|
|
|
|
|
| For the year ended 31 March 2026 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs). |
| The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
| These accounts were approved by the members on 1 September 2026 and signed on their behalf by: |
|
|
| F MacGregor |
| Designated member |
|
| Boudicca Records LLP |
| Notes to the Accounts |
| for the year ended 31 March 2026 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships. |
|
|
Taxation |
|
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on at the following annual rates on all tangible fixed assets, other than freehold land, as follows: |
|
|
Plant and machinery |
15% By Reducing Balance |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
| 2 |
Employees |
2026 |
|
2025 |
| Number |
Number |
|
|
Average number of persons employed by the LLP |
3 |
|
3 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
| £ |
|
Cost |
|
At 1 April 2025 |
639 |
|
At 31 March 2026 |
639 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2025 |
513 |
|
Charge for the year |
19 |
|
At 31 March 2026 |
532 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2026 |
107 |
|
At 31 March 2025 |
126 |
|
|
| 4 |
Creditors: amounts falling due within one year |
2026 |
|
2025 |
| £ |
£ |
|
|
Other creditors |
571 |
|
570 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due after one year |
2026 |
|
2025 |
| £ |
£ |
|
|
Other creditors |
6,100 |
|
5,000 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Loans and other debts due to members |
2026 |
|
2025 |
| £ |
£ |
|
|
Loans from members |
8,761 |
|
5,251 |
|
Amounts due to members in respect of profits |
(3,253) |
|
(2,914) |
|
|
|
|
|
|
5,508 |
|
2,337 |
|
|
|
|
|
|
|
|
|
|
Amounts falling due within one year |
5,508 |
|
2,337 |
|
|
|
|
|
|
|
|
|
|
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up. |
|
|
| 7 |
Other information |
|
|
Boudicca Records LLP is a limited liability partnership incorporated in Scotland. Its registered office is: |
|
Dinwoodie Lodge Hotel |
|
Johnstonebridge |
|
Lockerbie |
|
DG11 2SL |