REGISTERED NUMBER: OC362507 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

SAFE SPACE SPARES LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

FIXED ASSETS

Tangible assets

4

299,581

299,590

CURRENT ASSETS

Debtors

5

16,570

16,570

Cash at bank

1,280

1,250

17,850

17,820

CREDITORS

Amounts falling due within one year

6

34,073

33,311

NET CURRENT LIABILITIES

(16,223

)

(15,491

)

TOTAL ASSETS LESS CURRENT LIABILITIES

283,358

284,099

CREDITORS

Amounts falling due after more than one year

7

102,987

131,160

NET ASSETS ATTRIBUTABLE TO MEMBERS

180,371

152,939

LOANS AND OTHER DEBTS DUE TO MEMBERS

9

175,371

147,939

MEMBERS' OTHER INTERESTS

Capital accounts

5,000

5,000

180,371

152,939

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

175,371

147,939

Members' other interests

5,000

5,000

180,371

152,939

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 2025.

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.

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 2 December 2025 and were signed by:

D M Hyett - Designated member

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 (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

299,543

495

300,038

DEPRECIATION

At 1 April 2024

-

448

448

Charge for year

-

9

9

At 31 March 2025

-

457

457

NET BOOK VALUE

At 31 March 2025

299,543

38

299,581

At 31 March 2024

299,543

47

299,590

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

16,570

16,570

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

26,650

26,650

Trade creditors

3,654

3,313

Taxation and social security

2,110

1,848

Other creditors

1,659

1,500

34,073

33,311

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

102,987

131,160

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank Loan

120,304

141,477

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

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

31.3.25

31.3.24

£

£

Amounts owed to members in respect of profits

175,371

147,939

Falling due within one year

175,371

147,939

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