The Workspace Consultants LLP

	Page
Balance Sheet	1—2
Reconciliation of Members' Interests	3—4
Notes to the Financial Statements	4—5

Registered number: OC362823

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,957		3,187

			1,957		3,187
CURRENT ASSETS
Debtors	5	299,757		250,990
Cash at bank and in hand		192,504		108,423

		492,261		359,413
Creditors: Amounts Falling Due Within One Year	6	(288,829 )		(159,409 )

NET CURRENT ASSETS (LIABILITIES)			203,432		200,004

TOTAL ASSETS LESS CURRENT LIABILITIES			205,389		203,191

Creditors: Amounts Falling Due After More Than One Year	7		(7,352 )		(17,597 )

NET ASSETS ATTRIBUTABLE TO MEMBERS			198,037		185,594

REPRESENTED BY:
Equity
Members' other interests
Members' capital		(300,404)		(89,678)
Other reserves		498,441		275,272

			198,037		185,594

TOTAL MEMBERS' INTEREST
Members' other interests			198,037		185,594

			198,037		185,594

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The Workspace Consultants LLP

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.

On behalf of the members

M S Bird

Designated Member

03/11/2025

The notes on pages 4 to 5 form part of these financial statements.

	EQUITY
	Members' other interests
	Members'Capital classified as Equity	Other Reserves	Total Equity	Total members' interest
	£	£	£	£
Balance at 1 April 2023	355,770	-	355,770	355,770
Profit/(loss) for the financial year available for discretionary division among members	-	275,272	275,272	275,272

Members' interests after profit/(loss) for the year	355,770	275,272	631,042	631,042
Drawings	(445,448)	-	(445,448)	(445,448)

As at 31 March 2024 and 1 April 2024	(89,678)	275,272	185,594	185,594


Balance at 1 April 2024	185,594	-	185,594	185,594
Profit/(loss) for the financial year available for discretionary division among members	-	498,441	498,441	498,441

Members' interests after profit/(loss) for the year	185,594	498,441	684,035	684,035
Introduced by members	12,443	-	12,443	12,443
Drawings	(498,441)	-	(498,441)	(498,441)

As at 31 March 2025	(300,404)	498,441	198,037	198,037

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The Workspace Consultants LLP

Notes to the Financial Statements

For The Year Ended 31 March 2025

1. General Information

The Workspace Consultants LLP is a limited liability partnership, incorporated in England & Wales, registered number OC362823 . The Registered Office is 2 Manor Farm Cottages Church Road, Colmworth, Bedford, MK44 2JT.

The presentation currency of the financial statements is the Pound Sterling (£).

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	25%,10% straight line
Computer Equipment	33% straight line

2.4. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.5. Pensions

The LLP operates a defined pension contribution scheme. Contributions are charged to the Profit and Loss Account as they become payable in accordance with the rules of the scheme.

2.6. Members' Capital

Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: 6 (2024: 7)

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The Workspace Consultants LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Tangible Assets

	Plant & Machinery etc.
	£
Cost
As at 1 April 2024	69,118

As at 31 March 2025	69,118

Depreciation
As at 1 April 2024	65,931
Provided during the period	1,230

As at 31 March 2025	67,161

Net Book Value
As at 31 March 2025	1,957

As at 1 April 2024	3,187

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	261,117	153,788
Other debtors	38,640	97,202

	299,757	250,990

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	158,992	85,458
Bank loans and overdrafts	10,000	9,834
Other creditors	57,821	39,245
Taxation and social security	62,016	24,872

	288,829	159,409

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	7,352	17,597

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