Space ROI LLP

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

Registered number: SO300161

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		187,759		196,371

			187,759		196,371
CURRENT ASSETS
Debtors	5	60,494		59,280
Cash at bank and in hand		4,274		3,777

		64,768		63,057
Creditors: Amounts Falling Due Within One Year	6	(3,299 )		(3,488 )

NET CURRENT ASSETS (LIABILITIES)			61,469		59,569

TOTAL ASSETS LESS CURRENT LIABILITIES			249,228		255,940

NET ASSETS ATTRIBUTABLE TO MEMBERS			249,228		255,940

REPRESENTED BY:
Equity
Members' other interests
Members' capital		224,983		228,382
Other reserves		24,245		27,558

			249,228		255,940

TOTAL MEMBERS' INTEREST
Members' other interests			249,228		255,940

			249,228		255,940

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Space ROI 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 Robert Elliot

Designated Member

30/12/2025

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

1. General Information

Space ROI LLP is a limited liability partnership, incorporated in Scotland, registered number SO300161 . The Registered Office is Stobo House, Roslin, Midlothian, EH25 9RE.

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.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

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:

Freehold	No charge
Motor Vehicles	20% Reducing balance
Computer Equipment	20% Reducing balance

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

	Land & Property
	Freehold	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 April 2024	202,000	18,000	8,631	228,631

As at 31 March 2025	202,000	18,000	8,631	228,631

Depreciation
As at 1 April 2024	23,920	4,500	3,840	32,260
Provided during the period	4,040	3,375	1,197	8,612

As at 31 March 2025	27,960	7,875	5,037	40,872

...CONTINUED

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Space ROI LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Net Book Value
As at 31 March 2025	174,040	10,125	3,594	187,759

As at 1 April 2024	178,080	13,500	4,791	196,371

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	1,214	-
Other debtors	59,280	59,280

	60,494	59,280

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	1,648	(1 )
Other creditors	984	1,518
Taxation and social security	667	1,971

	3,299	3,488

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