REGISTERED NUMBER: SC123416 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

THE STRUCTURAL PARTNERSHIP LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

I P Donnachie

SECRETARY:

I P Donnachie

REGISTERED OFFICE:

Victoria Chambers

142 West Nile Street

Glasgow

G1 2RQ

REGISTERED NUMBER:

SC123416 (Scotland)

ACCOUNTANTS:

Kean Jarman & Company

Chartered Accountants

27 Ingram Street

Glasgow

G1 1HA

BANKERS:

The Royal Bank of Scotland

23 Sauchiehall Street

Glasgow

G2 3AD

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

604

900

604

900

CURRENT ASSETS

Stocks

37,335

37,340

Debtors

6

34,802

74,461

Cash at bank and in hand

7,776

4,409

79,913

116,210

CREDITORS

Amounts falling due within one year

7

101,806

100,296

NET CURRENT (LIABILITIES)/ASSETS

(21,893

)

15,914

TOTAL ASSETS LESS CURRENT LIABILITIES

(21,289

)

16,814

CREDITORS

Amounts falling due after more than one year

8

43,083

54,083

NET LIABILITIES

(64,372

)

(37,269

)

CAPITAL AND RESERVES

Called up share capital

1,200

1,200

Retained earnings

(65,572

)

(38,469

)

SHAREHOLDERS' FUNDS

(64,372

)

(37,269

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company 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 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 December 2025 and were signed by:

I P Donnachie - Director

1.	STATUTORY INFORMATION

The Structural Partnership Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company 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 Companies Act 2006. 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

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

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

8,000

Disposals

(8,000

)

At 31 March 2025

-

AMORTISATION

At 1 April 2024

8,000

Eliminated on disposal

(8,000

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

12,082

72,058

84,140

DEPRECIATION

At 1 April 2024

12,070

71,170

83,240

Charge for year

3

293

296

At 31 March 2025

12,073

71,463

83,536

NET BOOK VALUE

At 31 March 2025

9

595

604

At 31 March 2024

12

888

900

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

33,807

71,984

Prepayments and accrued income

995

2,477

34,802

74,461

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other loans

11,000

11,000

Social security and other taxes

5,740

13,901

VAT

75,426

59,774

Directors' current accounts

-

4,941

Accrued expenses

9,640

10,680

101,806

100,296

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Other loans - 1-2 years

11,000

11,000

Other loans - 2-5 years

32,083

33,000

Other loans more 5yrs instal

-

10,083

43,083

54,083

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

-

10,083

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.25

31.3.24

£

£

Within one year

7,228

7,636

Between one and five years

7,228

7,636

14,456

15,272

10.	RELATED PARTY DISCLOSURES

The company director was owed £0 (2024-£4,941) at the year end. £4,941 was the maximum amount outstanding during the year.

11.	ULTIMATE CONTROLLING PARTY

Mr Iain Donnachie is deemed to be the ultimate controlling party by virtue of his shareholding in the parent company The Structural Partnership Holdings Ltd.