Warthill Limited Liability Partnership

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: SO305232

		31 March 2025		31 March 2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		3,789,001		3,793,616
Investments	5		18,831		18,831

			3,807,832		3,812,447
CURRENT ASSETS
Debtors	6	-		50,155
Cash at bank and in hand		33,784		33,392

		33,784		83,547
Creditors: Amounts Falling Due Within One Year	7	(1,021,003 )		(1,019,283 )

NET CURRENT ASSETS (LIABILITIES)			(987,219 )		(935,736 )

TOTAL ASSETS LESS CURRENT LIABILITIES			2,820,613		2,876,711

Creditors: Amounts Falling Due After More Than One Year	8		(22,591 )		(31,314 )

NET ASSETS ATTRIBUTABLE TO MEMBERS			2,798,022		2,845,397

REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts		85,288		114,970

			85,288		114,970

Equity
Members' other interests
Members' capital		2,624,837		2,642,530
Other reserves		87,897		87,897

			2,712,734		2,730,427

			2,798,022		2,845,397

TOTAL MEMBERS' INTEREST
Amounts due from members			-		(50,155)
Loans and other debts due to members within one year			85,288		114,970
Members' other interests			2,712,734		2,730,427

			2,798,022		2,795,242

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Warthill Limited Liability Partnership

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 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 applicable to LLPs subject to the small LLPs regime.)

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 accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.

On behalf of the members

Mr William Arbuthnot-Leslie

Designated Member

28/10/2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Warthill Limited Liability Partnership is a limited liability partnership, incorporated in England & Wales, registered number SO305232 . The Registered Office is Warthill House, Meikle Wartle, Near Inverurie, Aberdeenshire, AB51 5BJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).

The financial statements are prepared in sterling which is the functional currency of the LLP.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	NA
Plant & Machinery	20% RB
Motor Vehicles	25% RB
Fixtures & Fittings	25% RB
Computer Equipment	33% RB

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the LLP. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

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Warthill Limited Liability Partnership

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.5. Government Grant

Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.

All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: NIL (2024: NIL)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost
As at 1 April 2024	3,782,867	34,942	10,495	132

As at 31 March 2025	3,782,867	34,942	10,495	132

Depreciation
As at 1 April 2024	-	32,138	2,624	58
Provided during the period	-	2,629	1,968	18

As at 31 March 2025	-	34,767	4,592	76

Net Book Value
As at 31 March 2025	3,782,867	175	5,903	56

As at 1 April 2024	3,782,867	2,804	7,871	74


	Computer Equipment	Total
	£	£
Cost
As at 1 April 2024	8,496	3,836,932

As at 31 March 2025	8,496	3,836,932

Depreciation
As at 1 April 2024	8,496	43,316
Provided during the period	-	4,615

As at 31 March 2025	8,496	47,931

Net Book Value
As at 31 March 2025	-	3,789,001

As at 1 April 2024	-	3,793,616

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Warthill Limited Liability Partnership

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Investments

	Listed
	£
Cost or Valuation
As at 1 April 2024	18,831

As at 31 March 2025	18,831

Provision
As at 1 April 2024	-

As at 31 March 2025	-

Net Book Value
As at 31 March 2025	18,831

As at 1 April 2024	18,831

6. Debtors

	31 March 2025	31 March 2024
	£	£
Due within one year
Amounts due from members	-	50,155

7. Creditors: Amounts Falling Due Within One Year

	31 March 2025	31 March 2024
	£	£
Net obligations under finance lease and hire purchase contracts	2,623	2,623
Trade creditors	2	2
Bank loans and overdrafts	913,825	914,223
Bank Loan less than year	10,000	10,000
Deferred income	-	89,759
Accruals and deferred income	94,553	2,676

	1,021,003	1,019,283

8. Creditors: Amounts Falling Due After More Than One Year

	31 March 2025	31 March 2024
	£	£
Net obligations under finance lease and hire purchase contracts	4,775	6,778
Bank loans	17,816	24,536

	22,591	31,314

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Warthill Limited Liability Partnership

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

9. Obligations Under Finance Leases and Hire Purchase

	31 March 2025	31 March 2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	2,623	2,623
Later than one year and not later than five years	4,775	6,778

	7,398	9,401

	7,398	9,401

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