REGISTERED NUMBER: OC364887 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

Studio Octopi LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

J Lowe

C Romer-Lee

REGISTERED OFFICE:

21 Ridgemount

Guildford

GU2 7TH

REGISTERED NUMBER:

OC364887 (England and Wales)

ACCOUNTANTS:

Happy Days Accountants Ltd

76 Woodholm Road

Ecclesall

Sheffield

S11 9HT

FIXED ASSETS

Tangible assets

4

-

185,248

CURRENT ASSETS

Cash at bank

-

703

CREDITORS

Amounts falling due within one year

5

-

12,265

NET CURRENT LIABILITIES

-

(11,562

)

TOTAL ASSETS LESS CURRENT LIABILITIES

-

173,686

CREDITORS

Amounts falling due after more than one year

6

-

143,301

NET ASSETS ATTRIBUTABLE TO MEMBERS

-

30,385

LOANS AND OTHER DEBTS DUE TO MEMBERS

-

30,385

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

-

30,385

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2026.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

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

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 18 May 2026 and were signed by:

J Lowe - Designated member

C Romer-Lee - Designated member

1.	STATUTORY INFORMATION

Studio Octopi LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. 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.

Tangible fixed assets

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

Land and buildings

-

2% on cost

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.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2025 - NIL).

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 April 2025

257,282

Disposals

(257,282

)

At 31 March 2026

-

DEPRECIATION

At 1 April 2025

72,034

Eliminated on disposal

(72,034

)

At 31 March 2026

-

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

185,248

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Taxation and social security

-

1,560

Other creditors

-

10,705

-

12,265

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Amounts owed to group undertakings

-

75,013

Other creditors

-

68,288

-

143,301

Amounts falling due in more than five years:

Repayable by instalments

Mortgage more 5yr-instal

-

29,937