15 November 2023 false No description of principal activity Taxfiler 2024.6 15285818business:PrivateLimitedCompanyLtd2023-11-152024-12-31 152858182023-11-14 152858182023-11-152024-12-31 15285818business:AuditExempt-NoAccountantsReport2023-11-152024-12-31 15285818business:FilletedAccounts2023-11-152024-12-31 152858182024-12-31 15285818business:Director12023-11-152024-12-31 15285818business:Director22023-11-152024-12-31 15285818business:RegisteredOffice2023-11-152024-12-31 15285818core:WithinOneYear2024-12-31 15285818core:ShareCapitalcore:PreviouslyStatedAmount2024-12-31 15285818core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-12-31 15285818core:PreviouslyStatedAmount2024-12-31 15285818business:SmallEntities2023-11-152024-12-31 15285818countries:EnglandWales2023-11-152024-12-31 15285818business:OrdinaryShareClass12023-11-152024-12-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 15285818 (England and Wales)
Space Professionals Partnership Limited Unaudited accounts for the period from 15 November 2023 to 31 December 2024
Space Professionals Partnership Limited Unaudited accounts Contents
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Space Professionals Partnership Limited Company Information for the period from 15 November 2023 to 31 December 2024
Directors
A German A Williams
Company Number
15285818 (England and Wales)
Registered Office
Congress House 14 Lyon Road Harrow HA1 2EN United Kingdom
Accountants
Balmoral Consultancy Services Limited Congress House 14 Lyon Road Harrow Middlesex HA1 2EN
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Space Professionals Partnership Limited Statement of financial position as at 31 December 2024
2024 
Notes
£ 
Current assets
Debtors
13,568 
Cash at bank and in hand
12,679 
26,247 
Creditors: amounts falling due within one year
(14,515)
Net current assets
11,732 
Net assets
11,732 
Capital and reserves
Called up share capital
100 
Profit and loss account
11,632 
Shareholders' funds
11,732 
For the period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2025 and were signed on its behalf by
A German Director Company Registration No. 15285818
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Space Professionals Partnership Limited Notes to the Accounts for the period from 15 November 2023 to 31 December 2024
1
Statutory information
Space Professionals Partnership Limited is a private company, limited by shares, registered in England and Wales, registration number 15285818. The registered office is Congress House, 14 Lyon Road, Harrow, HA1 2EN, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Taxation
Tax is recognised in the Statement of income and retained earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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Space Professionals Partnership Limited Notes to the Accounts for the period from 15 November 2023 to 31 December 2024
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.
4
Debtors
2024 
£ 
Amounts falling due within one year
Trade debtors
13,568 
5
Creditors: amounts falling due within one year
2024 
£ 
VAT
2,747 
Taxes and social security
2,768 
Loans from directors
7,500 
Accruals
1,500 
14,515 
6
Share capital
2024 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
Shares issued during the period:
100 Ordinary shares of £1 each
100 
7
Average number of employees
During the period the average number of employees was 2.
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