REGISTERED NUMBER: OC391564 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st March 2025

for

SECOND PHASE GROUNDWORKS LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

M K Kerr

J Kerr

W Horton

Mrs E Horton

Mrs R Kerr

Mrs M Pearson

Mrs A Wheeler

REGISTERED OFFICE:

Hounsdown House

Hounsdown Business Park

Newmans Copse Road

Totton

Hampshire

SO40 9LX

REGISTERED NUMBER:

OC391564 (England and Wales)

ACCOUNTANTS:

Graham Martin & Co

Accountants

89 Leigh Road

Eastleigh

Hampshire

SO50 9DQ

FIXED ASSETS

Tangible assets

4

61,134

81,513

CURRENT ASSETS

Debtors

5

128,176

72,447

Cash at bank

16,233

23

144,409

72,470

CREDITORS

Amounts falling due within one year

6

186,936

134,029

NET CURRENT LIABILITIES

(42,527

)

(61,559

)

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

18,607

19,954

LOANS AND OTHER DEBTS DUE TO MEMBERS

7

18,607

19,954

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

18,607

19,954

Amounts due from members

5

(55,230

)

(49,215

)

(36,623

)

(29,261

)

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 31st 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 10th December 2025 and were signed by:

M K Kerr - Designated member

1.	STATUTORY INFORMATION

Second Phase Groundworks 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

-

25% on reducing balance

Pension costs and other post-retirement benefits

The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 8 (2024 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2024

and 31st March 2025

292,307

DEPRECIATION

At 1st April 2024

210,794

Charge for year

20,379

At 31st March 2025

231,173

NET BOOK VALUE

At 31st March 2025

61,134

At 31st March 2024

81,513

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

128,176

72,447

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

20,918

24,929

Taxation and social security

10,925

23,955

Other creditors

155,093

85,145

186,936

134,029

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank in equal proportion to other creditors.