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REGISTERED NUMBER: SO306332 (Scotland)















Unaudited Financial Statements

for the Period 21 February 2018 to 31 May 2019

for

Drever & Heddle LLP

Drever & Heddle LLP (Registered number: SO306332)






Contents of the Financial Statements
for the period 21 February 2018 to 31 May 2019




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Drever & Heddle LLP

General Information
for the period 21 February 2018 to 31 May 2019







DESIGNATED MEMBERS: Miss S K Sutherland
Drever & Heddle Trustees Ltd





REGISTERED OFFICE: 56 A Albert Street
Kirkwall
Orkney
KW15 1HQ





REGISTERED NUMBER: SO306332 (Scotland)






Drever & Heddle LLP (Registered number: SO306332)

Balance Sheet
31 May 2019

Notes £    £   
FIXED ASSETS
Intangible assets 4 210,000
Property, plant and equipment 5 20,000
230,000

CURRENT ASSETS
Debtors 6 125,246
Cash at bank and in hand 42,441
167,687
CREDITORS
Amounts falling due within one year 7 118,510
NET CURRENT ASSETS 49,177
TOTAL ASSETS LESS CURRENT
LIABILITIES

279,177

CREDITORS
Amounts falling due after more than one
year

8

224,117
NET ASSETS ATTRIBUTABLE TO
MEMBERS

55,060

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

55,060

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 55,060

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 period ended 31 May 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.

Drever & Heddle LLP (Registered number: SO306332)

Balance Sheet - continued
31 May 2019


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 on 15 November 2019 and were signed by:





Miss S K Sutherland - Designated member

Drever & Heddle LLP (Registered number: SO306332)

Notes to the Financial Statements
for the period 21 February 2018 to 31 May 2019

1. STATUTORY INFORMATION

Drever & Heddle 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.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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.

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

3. EMPLOYEE INFORMATION

The average number of employees during the period was 19 .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 210,000
At 31 May 2019 210,000
NET BOOK VALUE
At 31 May 2019 210,000

Drever & Heddle LLP (Registered number: SO306332)

Notes to the Financial Statements - continued
for the period 21 February 2018 to 31 May 2019

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
Additions 20,000
At 31 May 2019 20,000
NET BOOK VALUE
At 31 May 2019 20,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 125,246

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 38,363
Taxation and social security 52,147
Other creditors 28,000
118,510

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Other creditors 224,117

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members will rank equally with other creditors in the event of a winding up.