Bothwell Surgery LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SO304523 (Scotland)

BOTHWELL SURGERY LLP

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

5

DESIGNATED MEMBERS:

S G M Braidwood

A B Braidwood

Mrs R Braidwood

REGISTERED OFFICE:

1 Rosendale Way

Blantyre

Glasgow

G72 0NJ

REGISTERED NUMBER:

SO304523 (Scotland)

ACCOUNTANTS:

Hardie Caldwell LLP

Chartered Accountants

Citypoint 2

25 Tyndrum Street

Glasgow

G4 0JY

BANKERS:

The Royal Bank of Scotland

Blantyre Branch

Clydeview Shopping Centre

Blantyre

Glasgow

G72 0QD

FIXED ASSETS

Investment property

3

464,640

464,640

CURRENT ASSETS

Cash at bank

107,061

149,618

CREDITORS

Amounts falling due within one year

4

1,015

952

NET CURRENT ASSETS

106,046

148,666

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

570,686

613,306

LOANS AND OTHER DEBTS DUE TO MEMBERS

5

570,686

613,306

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

5

570,686

613,306

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 2019.

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 of Part 15 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 small LLPs.

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 on 16 August 2019 and were signed by:

A B Braidwood - Designated member

1.	STATUTORY INFORMATION

Bothwell Surgery LLP is a limited liability partnership registered in Scotland. The LLP's registered number is

SO304523 and its registered office is 1 Rosendale Way, Blantyre, Glasgow, G72 0NJ.

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.

Going concern

The members have a reasonable expectation that the company has adequate resources to continue in operational

existence for the foreseeable future. The members continue to believe the going concern basis of accounting

appropriate in preparing the annual financial statements.ance as previously reported by the LLP.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable.

Turnover represents the rent receivable on the investment property when it falls due.

Investment property

The investment properties are included at fair value with any gains or losses recognised in the income statement.

Financial instruments

Cash and Cash equivalents

Cash and cash equivalents in the balance sheet comprises cash at bank with a short term of maturity, being

twelve months or less, from the opening of the account.

Creditors

Other creditors are recognised where the LLP has a present obligation resulting from a past event and are

recognised at the settlement amount due.

3.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2018

and 31 March 2019

464,640

NET BOOK VALUE

At 31 March 2019

464,640

At 31 March 2018

464,640

The members are satisfied that the limited liability partnership's investment property is included at fair value.

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Other creditors

1,015

952

5.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a

winding up. There is no provision for specific legally enforceable protection afforded to creditors in such an

event. There are no restrictions or limitations on the ability of the members to reduce the amount of ‘Members’

other interests'.

The following reproduces the text of the report prepared for the members in respect of the LLP's annual

unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only required to file a

Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Members are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability

Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your

approval the financial statements of Bothwell Surgery LLP for the year ended 31 March 2019 which comprise the

Income Statement, Other Comprehensive Income, Balance Sheet, Reconciliation of Members' Interests and the related

notes from the LLP's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the members of Bothwell Surgery LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Bothwell Surgery LLP and state those matters that we have agreed to state to the members of Bothwell Surgery LLP, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that Bothwell Surgery LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Bothwell Surgery LLP. You consider that Bothwell Surgery LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Bothwell Surgery LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Hardie Caldwell LLP

Chartered Accountants

Citypoint 2

25 Tyndrum Street

Glasgow

G4 0JY

16 August 2019