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REGISTERED NUMBER: OC362507 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

SAFE SPACE SPARES LLP

SAFE SPACE SPARES LLP (REGISTERED NUMBER: OC362507)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SAFE SPACE SPARES LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DESIGNATED MEMBERS: D M Hyett
C Hyett
F C W Ahern
J S Ahern





REGISTERED OFFICE: Ground Floor
Egerton House
68 Baker Street
Weybridge
Surrey
KT13 8AL





REGISTERED NUMBER: OC362507 (England and Wales)





ACCOUNTANTS: RJP LLP
Ground Floor
Egerton House
68 Baker Street
Weybridge
Surrey
KT13 8AL

SAFE SPACE SPARES LLP (REGISTERED NUMBER: OC362507)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 299,590 299,600

CURRENT ASSETS
Debtors 5 16,570 16,570
Cash at bank 1,250 3,430
17,820 20,000
CREDITORS
Amounts falling due within one year 6 33,311 30,331
NET CURRENT LIABILITIES (15,491 ) (10,331 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

284,099

289,269

CREDITORS
Amounts falling due after more than one
year

7

131,160

157,757
NET ASSETS ATTRIBUTABLE TO
MEMBERS

152,939

131,512

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

147,939

126,512

MEMBERS' OTHER INTERESTS
Capital accounts 5,000 5,000
152,939 131,512

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 147,939 126,512
Members' other interests 5,000 5,000
152,939 131,512

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 2024.

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.

SAFE SPACE SPARES LLP (REGISTERED NUMBER: OC362507)

BALANCE SHEET - continued
31 MARCH 2024


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 4 November 2024 and were signed by:





D M Hyett - Designated member

SAFE SPACE SPARES LLP (REGISTERED NUMBER: OC362507)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Safe Space Spares LLP is registered in England and Wales. 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.

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

Plant and machinery etc - 18% reducing balance

The freehold property included within land and buildings is not depreciated. This is consistent with Companies Act 2006 which states that land is not depreciated as it is seen to have a finite useful life. It requires buildings to be depreciated over their useful economic lives. The directors consider that depreciation is not appropriate and the accounting policy adopted is necessary for the accounts to show a true and fair view.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 299,543 495 300,038
DEPRECIATION
At 1 April 2023 - 438 438
Charge for year - 10 10
At 31 March 2024 - 448 448
NET BOOK VALUE
At 31 March 2024 299,543 47 299,590
At 31 March 2023 299,543 57 299,600

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 16,570 16,570

SAFE SPACE SPARES LLP (REGISTERED NUMBER: OC362507)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 26,650 26,650
Trade creditors 3,313 331
Taxation and social security 1,848 1,925
Other creditors 1,500 1,425
33,311 30,331

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 131,160 157,757

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank Loan 141,477 161,074

Barclays Bank PLC hold a legal charge over the property owned by the company.

9. LOANS AND OTHER DEBTS DUE TO MEMBERS
31.3.24 31.3.23
£    £   
Amounts owed to members in respect of profits 147,939 126,512

Falling due within one year 147,939 126,512

Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.