Registration number: 05786125

The Space Creative Partnership Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 8

The Space Creative Partnership Ltd

Company Information

Director

D Thomson

Registered office

470 Bath Road Bristol BS4 3AP

Accountants

Burton Sweet Limited Chartered Accountants and Business Advisers Spencer House Morston Court Aisecome Way Weston Super Mare North Somerset BS22 8NG

The Space Creative Partnership Ltd

(Registration number: 05786125)
Balance Sheet
31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	11,392	10,161
Current assets
Debtors	5	50,123	72,714
Cash at bank and in hand		65,165	196,219
		115,288	268,933
Creditors: Amounts falling due within one year	6	(80,577)	(133,130)
Net current assets		34,711	135,803
Total assets less current liabilities		46,103	145,964
Creditors: Amounts falling due after more than one year	6	(10,000)	(20,833)
Net assets		36,103	125,131
Capital and reserves
Called up share capital		2	2
Retained earnings		36,101	125,129
Shareholders' funds		36,103	125,131

The Space Creative Partnership Ltd

(Registration number: 05786125)
Balance Sheet
31 March 2025

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 24 December 2025
 

......................................... D Thomson Director

The Space Creative Partnership Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
470 Bath Road
Bristol
BS4 3AP
England

These financial statements were authorised for issue by the director on 24 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

The Space Creative Partnership Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 March 2025

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant & Machinery	at varying rates on cost

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date.

The Space Creative Partnership Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 March 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 4 (2024 - 4).

The Space Creative Partnership Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 March 2025

4	Tangible assets

	Fixtures and fittings £	Plant and machinery £	Office equipment £	Total £
Cost or valuation
At 1 April 2024	1,170	910	17,617	19,697
Additions	1,578	-	4,323	5,901
Disposals	-	-	(3,136)	(3,136)
At 31 March 2025	2,748	910	18,804	22,462
Depreciation
At 1 April 2024	801	367	8,368	9,536
Charge for the year	486	93	2,312	2,891
Eliminated on disposal	-	-	(1,357)	(1,357)
At 31 March 2025	1,287	460	9,323	11,070
Carrying amount
At 31 March 2025	1,461	450	9,481	11,392
At 31 March 2024	369	542	9,250	10,161

5

Debtors

	2025 £	2024 £
Trade debtors	48,389	52,747
Prepayments	1,734	1,928
Other debtors	-	18,039
	50,123	72,714

The Space Creative Partnership Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 March 2025

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings		10,000	10,000
Trade creditors		2,187	24,149
Taxation and social security		33,261	63,045
Accruals and deferred income		21,024	35,679
Other creditors		14,105	257
		80,577	133,130

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings		10,000	20,833

7	Related party transactions

Transactions with the director

2025	At 1 April 2024 £	Repayments by director £	At 31 March 2025 £
D Thomson
	8,499	(8,499)	-

2024	At 1 April 2023 £	Advances to director £	At 31 March 2024 £
D Thomson
	-	8,499	8,499