Spontaneous Chartering LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: OC404400

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		6,845		45,927
Investment Properties	5		2,864,834		2,864,834

			2,871,679		2,910,761
CURRENT ASSETS
Debtors	6	2,017,032		1,896,340
Cash at bank and in hand		18,077		2,329

		2,035,109		1,898,669
Creditors: Amounts Falling Due Within One Year	7	(2,461,536 )		(2,880,195 )

NET CURRENT ASSETS (LIABILITIES)			(426,427 )		(981,526 )

TOTAL ASSETS LESS CURRENT LIABILITIES			2,445,252		1,929,235

NET ASSETS ATTRIBUTABLE TO MEMBERS			2,445,252		1,929,235

REPRESENTED BY:
Loans and other debts due to members
Members' capital classified as a liability		2,012,671		1,496,655
Other amounts		1		-

			2,012,672		1,496,655

Equity
Members' other interests
Members' capital		432,580		432,580

			432,580		432,580

			2,445,252		1,929,235

TOTAL MEMBERS' INTEREST
Amounts due from members			(1,930,760)		(1,809,315)
Loans and other debts due to members			2,012,672		1,496,655
Members' other interests			432,580		432,580

			514,492		119,920

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Page 2

Spontaneous Chartering 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

Mr A Robinson

Designated Member

13/12/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Spontaneous Chartering LLP is a limited liability partnership, incorporated in England & Wales, registered number OC404400 . The Registered Office is C/O Forty-Two Consulting Ltd, Regus House, , Atterbury Lakes, Fairbourne Drive, Atterbury,, Milton Keynes,, Buckinghamshire,, MK10 9RG.

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).

The financial statements are prepared in sterling which is the functional currency of the LLP.

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.

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:

Plant & Machinery	33.33%
Fixtures & Fittings	33.33%

2.4. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

3. Average Number of Employees

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

4. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 April 2024	-	218,273	218,273
Additions	1,517	-	1,517

As at 31 March 2025	1,517	218,273	219,790

Depreciation
As at 1 April 2024	-	172,346	172,346
Provided during the period	209	40,390	40,599

As at 31 March 2025	209	212,736	212,945

...CONTINUED

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Spontaneous Chartering LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Net Book Value
As at 31 March 2025	1,308	5,537	6,845

As at 1 April 2024	-	45,927	45,927

5. Investment Property

	2025
	£
Fair Value
As at 1 April 2024 and 31 March 2025	2,864,834
Additions	-

As at 31 March 2025	2,864,834

If investment property had been accounted for under historical cost accounting rules, the amounts would be:

	2025	2024
	£	£
Cost	2,864,834	-

6. Debtors

	2025	2024
	£	£
Due within one year
VAT	-	547
Amounts due from members	1,930,760	1,809,315

	1,930,760	1,809,862
Due after more than one year
Other debtors	86,272	86,478

	2,017,032	1,896,340

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	10,903	(577 )
VAT	7	-
Other creditors	2,450,626	2,880,772

	2,461,536	2,880,195

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