| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31st March 2025 |
| for |
| Serviced Office Centres LLP |
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31st March 2025 |
| for |
| Serviced Office Centres LLP |
| Serviced Office Centres LLP (Registered number: OC324912) |
| Contents of the Financial Statements |
| for the Year Ended 31st March 2025 |
| Page |
| Abridged Balance Sheet | 1 |
| Notes to the Financial Statements | 3 |
| Serviced Office Centres LLP (Registered number: OC324912) |
| Abridged Balance Sheet |
| 31st March 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 5 |
| Investments | 6 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
| NET ASSETS ATTRIBUTABLE TO MEMBERS |
1,043,744 |
438,669 |
| LOANS AND OTHER DEBTS DUE TO MEMBERS |
8 |
1,043,744 |
438,669 |
| TOTAL MEMBERS' INTERESTS |
| Loans and other debts due to members | 8 | 1,043,744 | 438,669 |
| 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. |
| Serviced Office Centres LLP (Registered number: OC324912) |
| Abridged Balance Sheet - continued |
| 31st March 2025 |
| The financial statements were approved by the members of the LLP and authorised for issue on |
| Serviced Office Centres LLP (Registered number: OC324912) |
| Notes to the Financial Statements |
| for the Year Ended 31st March 2025 |
| 1. | STATUTORY INFORMATION |
| Serviced Office Centres LLP is registered in England and Wales. The LLP's registered number and registered office address are as below: |
| Registered number: |
| Registered office: |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Revenue recognition |
| Sales comprise the fair value of the consideration received or receivable for the rendering of services in the ordinary course of the company's activities. Sales are presented, net of value-added tax, rebates and discounts. |
| The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and when specific criteria have been met for each of the company's activities as follows: |
| Revenue from the sale of services is recognised at the point at which those services have been provided to the customer. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year. |
| Tangible fixed assets |
| Freehold property | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| Serviced Office Centres LLP (Registered number: OC324912) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st March 2025 |
| 3. | ACCOUNTING POLICIES - continued |
| Basic financial assets |
| Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. |
| Basic financial liabilities |
| Basic financial liabilities, including creditors and loans from fellow group companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. |
| Financial instruments |
| The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares. |
| Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, such as the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost. |
| Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss. |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability. |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| 4. | EMPLOYEE INFORMATION |
| The average number of employees during the year was |
| Serviced Office Centres LLP (Registered number: OC324912) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st March 2025 |
| 5. | TANGIBLE FIXED ASSETS |
| Totals |
| £ |
| COST OR VALUATION |
| At 1st April 2024 |
| Additions |
| Revaluations |
| At 31st March 2025 |
| DEPRECIATION |
| At 1st April 2024 |
| Charge for year |
| At 31st March 2025 |
| NET BOOK VALUE |
| At 31st March 2025 |
| At 31st March 2024 | 804,302 |
| Cost or valuation at 31st March 2025 is represented by: |
| Totals |
| £ |
| Valuation in 2025 | 652,319 |
| Cost | 1,072,141 |
| 1,724,460 |
| Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
| Totals |
| £ |
| COST OR VALUATION |
| At 1st April 2024 |
| and 31st March 2025 | 51,500 |
| DEPRECIATION |
| At 1st April 2024 | 10,260 |
| Charge for year | 10,310 |
| At 31st March 2025 | 20,570 |
| NET BOOK VALUE |
| At 31st March 2025 | 30,930 |
| At 31st March 2024 | 41,240 |
| Serviced Office Centres LLP (Registered number: OC324912) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st March 2025 |
| 6. | FIXED ASSET INVESTMENTS |
| The amount included as a fixed asset investment represents the LLP's capital account outstanding as at the balance sheet date in Frucosol UK LLP. |
| 7. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2025 | 2024 |
| £ | £ |
| Bank loans |
| The mortgage is secured against freehold property. |
| 8. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
| 2025 | 2024 |
| £ | £ |
| Amounts owed to members in respect of profits | 1,043,744 | 438,669 |
| Falling due within one year | 1,043,744 | 438,669 |
| The balances shown above would rank below unsecured creditors from the proceeds of a winding-up of the LLP. |