REGISTERED NUMBER: SO307518 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

Blair Cadell LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

5

DESIGNATED MEMBERS:

Mr A N G Macdonald

Mrs S M Masterton

Ms K E Vanderburg Sole

REGISTERED OFFICE:

The Bond House

5 Breadalbane Street

Edinburgh

EH6 5JH

REGISTERED NUMBER:

SO307518 (Scotland)

ACCOUNTANTS:

Whitelaw Wells

9 Ainslie Place

Edinburgh

Midlothian

EH3 6AT

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

348,294

321,032

348,294

321,032

CURRENT ASSETS

Stocks

110,006

129,913

Debtors

6

43,115

41,521

Cash at bank and in hand

561,871

984,459

714,992

1,155,893

CREDITORS

Amounts falling due within one year

7

587,432

877,825

NET CURRENT ASSETS

127,560

278,068

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

475,854

599,100

LOANS AND OTHER DEBTS DUE TO MEMBERS

9

170,754

294,000

MEMBERS' OTHER INTERESTS

Capital accounts

305,100

305,100

475,854

599,100

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

170,754

294,000

Members' other interests

305,100

305,100

475,854

599,100

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 27 July 2026 and were signed by:

Mr A N G Macdonald - Designated member

1.	STATUTORY INFORMATION

Blair Cadell LLP is registered in Scotland. 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents net invoiced legal services, excluding value added tax. Revenue is recognised when

the company obtains the right to payment for legal services.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website costs are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets

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

Land and buildings

-

Nil

Plant and machinery etc

-

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

Stocks

Work in progress is valued at the lower of cost and net realisable value.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 14 (2025 - 13 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2025

and 31 March 2026

6,960

AMORTISATION

At 1 April 2025

and 31 March 2026

6,960

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 April 2025

300,000

76,278

376,278

Additions

-

40,405

40,405

At 31 March 2026

300,000

116,683

416,683

DEPRECIATION

At 1 April 2025

-

55,246

55,246

Charge for year

-

13,143

13,143

At 31 March 2026

-

68,389

68,389

NET BOOK VALUE

At 31 March 2026

300,000

48,294

348,294

At 31 March 2025

300,000

21,032

321,032

Cost or valuation at 31 March 2026 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Cost

300,000

116,683

416,683

Land and buildings are valued at cost, subject to revaluation at the members' discretion. Gains or losses on revaluation are allocated between members' property capital accounts proportionate to each member's interest in the relevant property.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

14,480

3,237

Other debtors

28,635

38,284

43,115

41,521

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

-

14,417

Trade creditors

8,599

3,467

Taxation and social security

33,372

40,509

Other creditors

545,461

819,432

587,432

877,825

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2026

2025

£

£

Within one year

10,297

3,226

Between one and five years

11,337

6,184

21,634

9,410

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of an insolvency, members rank behind all other creditors and are entitled to payment of surplus only after all creditors and costs of liquidation have been paid.