Scotts Property LLP Filleted accounts for Companies House (small and micro)

REGISTERED NUMBER: OC320588

SCOTTS PROPERTY LLP

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 March 2026

SCOTTS PROPERTY LLP

STATEMENT OF FINANCIAL POSITION

31 March 2026

	2026		2025
Note	£	£	£	£

Fixed Assets

Intangible assets	5	13,111	32,778
Tangible assets	6	6,903	6,593
		---------	---------
		20,014	39,371

Current Assets

Debtors	7	134,718	147,447
Cash at bank and in hand		170,337	213,314
		----------	----------
		305,055	360,761

Creditors: amounts falling due within one year	8	119,893		149,970
		----------		----------
Net Current Assets			185,162		210,791
			----------		----------
Total Assets Less Current Liabilities			205,176		250,162
			----------		----------
Net Assets			205,176		250,162
			----------		----------

Represented by:

Loans and Other Debts due to Members

Other amounts	9	205,176	250,162
		----------	----------

Members' Other Interests

Other reserves	–	–
	----------	----------
	205,176	250,162
	----------	----------

Total Members' Interests

Loans and other debts due to members	9	205,176	250,162
Members' other interests		–	–
		----------	----------
		205,176	250,162
		----------	----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006 (as applied to LLPs), the statement of comprehensive income has not been delivered.

SCOTTS PROPERTY LLP

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2026

For the year ending 31 March 2026 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008) relating to small LLPs.

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the members and authorised for issue on 1 September 2026 , and are signed on their behalf by:

T S Powell

Designated Member

Registered number: OC320588

SCOTTS PROPERTY LLP

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2026

1.	General Information

The LLP is registered in England and Wales. The address of the registered office is 66-68 Humber Street, Hull, East Yorkshire, HU1 1TU.

2.	Statement of Compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP 2021).

3.	Accounting Policies

Basis of Preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue Recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Members' Participation Rights

Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).

Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with Section 22 of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships'. A member's participation right results in a liability unless the right to any payment is discretionary on the part of the LLP.

Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.

Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the statement of comprehensive income in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the statement of financial position.

Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the statement of comprehensive income and are equity appropriations in the statement of financial position.

Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment.

All amounts due to members that are classified as liabilities are presented in the statement of financial position within 'Loans and other debts due to members' and are charged to the statement of comprehensive income within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the statement of financial position within 'Members' other interests'.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	33% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible Assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold Property Improvements	-	20% straight line
Office Equipment	-	20% reducing balance
Computer Equipment	-	33% straight line
Fixtures and Fittings	-	20% straight line

Impairment of Fixed Assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial Instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

4.	Particulars of Employees

The average number of persons employed by the LLP during the year, including the members with contracts of employment, amounted to 21 (2025: 21 ).

5.	Intangible Assets

	Goodwill
	£
Cost
At 1 April 2025 and 31 March 2026	351,200
	----------
Amortisation
At 1 April 2025	318,422
Charge for the year	19,667
	----------
At 31 March 2026	338,089
	----------
Carrying amount
At 31 March 2026	13,111
	----------
At 31 March 2025	32,778
	----------

6.	Tangible Assets

	Leasehold Property	Office equipment	Computer equipment	Fixtures and fittings	Total
	£	£	£	£	£
Cost
At 1 April 2025	8,064	21,964	59,994	4,698	94,720
Additions	–	871	3,621	–	4,492
Disposals	–	–	( 8,520)	–	( 8,520)
	-------	---------	---------	-------	---------
At 31 March 2026	8,064	22,835	55,095	4,698	90,692
	-------	---------	---------	-------	---------
Depreciation
At 1 April 2025	7,735	20,293	56,225	3,874	88,127
Charge for the year	254	508	3,236	183	4,181
Disposals	–	–	( 8,519)	–	( 8,519)
	-------	---------	---------	-------	---------
At 31 March 2026	7,989	20,801	50,942	4,057	83,789
	-------	---------	---------	-------	---------
Carrying amount
At 31 March 2026	75	2,034	4,153	641	6,903
	-------	---------	---------	-------	---------
At 31 March 2025	329	1,671	3,769	824	6,593
	-------	---------	---------	-------	---------

7.	Debtors

	2026	2025
	£	£
Trade debtors	82,349	88,359
Other debtors	52,369	59,088
	----------	----------
	134,718	147,447
	----------	----------

8. Creditors: amounts falling due within one year

	2026	2025
	£	£
Trade creditors	25,931	42,797
Social security and other taxes	77,013	75,176
Other creditors	16,949	31,997
	----------	----------
	119,893	149,970
	----------	----------

9.	Loans and Other Debts due to Members

	2026	2025
	£	£
Amounts owed to members in respect of profits	205,176	250,162
	----------	----------