Strategic Partnerships Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04445468

Strategic Partnerships Ltd

Filleted Unaudited Financial Statements

5 April 2025

Strategic Partnerships Ltd

Balance Sheet

5 April 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5	698	2,850
Investments	6	10,979	23,645
		--------	--------
		11,677	26,495

Current assets

Cash at bank and in hand	2,831		3,731

Creditors: amounts falling due within one year	7	245,982		257,374
		---------		---------
Net current liabilities			243,151	253,643
			---------	---------
Total assets less current liabilities			( 231,474)	( 227,148)

Creditors: amounts falling due after more than one year	8	3,733	6,022
		---------	---------
Net liabilities		( 235,207)	( 233,170)
		---------	---------

Capital and reserves

Called up share capital	2	2
Profit and loss account	( 235,209)	( 233,172)
	---------	---------
Shareholders deficit	( 235,207)	( 233,170)
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income (including profit and loss account) has not been delivered.

For the year ending 5 April 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 financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Strategic Partnerships Ltd

Balance Sheet (continued)

5 April 2025

These financial statements were approved by the board of directors and authorised for issue on 5 January 2026 , and are signed on behalf of the board by:

Mr M Beckwith Director

Company registration number: 04445468

Strategic Partnerships Ltd

Notes to the Financial Statements

Year ended 5 April 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Boundary House, 19 Friary Road, London, N12 9PD.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

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

Going concern

The company made a loss in the year and has a net deficit. The director confirms that his loan will remain in place as required by the company and is satisfied that the financial statements can be prepared on the going concern basis.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are no material judgements, estimates and assumptions.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures & fittings	-	20% straight line
Motor vehicles	-	20% straight line
Office equipment	-	25% straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the balance sheet as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Tangible assets

	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£
Cost
At 6 April 2024 and 5 April 2025	19,594	69,406	2,139	91,139
	--------	--------	-------	--------
Depreciation
At 6 April 2024	17,791	69,406	1,092	88,289
Charge for the year	1,803	–	349	2,152
	--------	--------	-------	--------
At 5 April 2025	19,594	69,406	1,441	90,441
	--------	--------	-------	--------
Carrying amount
At 5 April 2025	–	–	698	698
	--------	--------	-------	--------
At 5 April 2024	1,803	–	1,047	2,850
	--------	--------	-------	--------

6. Investments

	Other investments other than loans
	£
Cost
At 6 April 2024	23,645
Additions	18,750
Disposals	( 17,446)
Revaluations	( 13,970)
	--------
At 5 April 2025	10,979
	--------
Impairment
At 6 April 2024 and 5 April 2025	–
	--------

Carrying amount
At 5 April 2025	10,979
	--------
At 5 April 2024	23,645
	--------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Social security and other taxes	237	272
Other creditors	245,745	257,102
	---------	---------
	245,982	257,374
	---------	---------

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Other creditors	3,733	6,022
	-------	-------

9. Director's advances, credits and guarantees

During the year, £11,357 was repaid to the director, in respect of his loan to the company. At 5th April 2025 £218,165 (2024 £229,522) was owed to the director and will be repaid by 5th April 2026.