Spparc Architecture LLP
Annual Report and Unaudited Financial Statements
For filing with the Registrar
For the year ended 31 March 2026
Limited Liability Partnership Registration No. OC324332 (England and Wales)
Spparc Architecture LLP
Limited Liability Partnership Information
Designated members
T Morriss
TPP Ltd
Limited liability partnership number
OC324332
Registered office
6th Floor
9 Appold Street
London
EC2A 2AP
Accountants
Moore Kingston Smith LLP
6th Floor
9 Appold Street
London
EC2A 2AP
Business address
10 Bayley Street
Bloomsbury
London
United Kingdom
WC1B 3HB
Spparc Architecture LLP
Contents
Page
Balance sheet
1 - 2
Reconciliation of members' interests
3 - 4
Notes to the financial statements
5 - 10
Spparc Architecture LLP
Balance Sheet
As at 31 March 2026
Page 1
2026
2025
Notes
£
£
£
£
Fixed assets
Intangible assets
2,683
2,864
Tangible assets
3
454,825
563,521
457,508
566,385
Current assets
Debtors
4
1,843,516
1,466,920
Cash and cash equivalents
1,647
175,096
1,845,163
1,642,016
Creditors: amounts falling due within one year
5
(1,716,288)
(1,758,314)
Net current assets/(liabilities)
128,875
(116,298)
Total assets less current liabilities
586,383
450,087
Creditors: amounts falling due after more than one year
6
(108,241)
(141,659)
Net assets attributable to members
478,142
308,428
Represented by:
Loans and other debts due to members within one year
Amounts due in respect of profits
478,142
308,428
Total members' interests
Loans and other debts due to members
478,142
308,428

T he members of the limited liability partnership have elected not to include a copy of the profit and loss account within the financial statements.

Spparc Architecture LLP
Balance Sheet (Continued)
As at 31 March 2026
Page 2

For the financial year ended 31 March 2026 the limited liability partnership 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 relating to small limited liability partnerships.

The members acknowledge their responsibilities for complying with the requirements of the Act as applied to limited liability partnerships with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to limited liability partnerships subject to the small limited liability partnerships regime.

The financial statements were approved by the members and authorised for issue on
11/06/2026
11 June 2026
and are signed on their behalf by:
T MORRISS
.................
T Morriss
Designated member
Limited Liability Partnership Registration No. OC324332
Spparc Architecture LLP
Reconciliation of Members' Interests
For the year ended 31 March 2026
Page 3
Current financial year
DEBT
TOTAL
Loans and other debts due to members less any amounts due from members in debtors
MEMBERS'
INTERESTS
Other amounts
Total
Total
2026
£
£
£
Amounts due to members
308,428
Members' interests at 1 April 2025
389,938
389,938
389,938
Members' remuneration charged as an expense, including employment costs and retirement benefit costs
1,117,996
1,117,996
1,117,996
Profit for the financial year available for discretionary division among members
-
-
-
Members' interests after loss and remuneration for the year
1,507,934
1,507,934
1,507,934
Drawings
(1,029,792)
(1,029,792)
(1,029,792)
Members' interests at 31 March 2026
478,142
478,142
478,142
Amounts due to members
478,142
478,142
Spparc Architecture LLP
Reconciliation of Members' Interests (Continued)
For the year ended 31 March 2026
Page 4
Prior financial year
DEBT
TOTAL
Loans and other debts due to members less any amounts due from members in debtors
MEMBERS'
INTERESTS
Other amounts
Total
Total
2025
£
£
£
Amounts due to members
866,022
Members' interests at 1 April 2024
866,022
866,022
866,022
Members' remuneration charged as an expense, including employment costs and retirement benefit costs
676,292
676,292
676,292
Profit for the financial year available for discretionary division among members
-
-
-
Members' interests after loss and remuneration for the year
1,542,314
1,542,314
1,542,314
Drawings
(1,233,886)
(1,233,886)
(1,233,886)
Members' interests at 31 March 2025
308,428
308,428
308,428
Amounts due to members
308,428
308,428
Spparc Architecture LLP
Notes to the Financial Statements
For the year ended 31 March 2026
Page 5
1
Accounting policies
Limited liability partnership information

Spparc Architecture LLP is a limited liability partnership incorporated in England and Wales. The registered office is 6th Floor, 9 Appold Street, London, EC2A 2AP.

The limited liability partnership's principal activities are disclosed in the Members' Report.

1.1
Accounting convention

These financial statements have been prepared in accordance with the Statement of Recommended Practice "Accounting by Limited Liability Partnerships" issued in December 2021, together with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the limited liability partnership. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover comprises revenue recognised by the LLP in respect of services supplied, exclusive of Value Added Tax and trade discounts.

Fee income represents revenue earned under a wide variety of contracts to provide professional services. Revenue is recognised as earned when, and to the extent that, the firm obtains the right to consideration in exchange for its performance under these contracts. It is measured at the fair value of the right to consideration, which represents amounts chargeable to clients, including expenses and disbursements but excluding value added tax.

Revenue is generally recognised as contract activity progresses so that for incomplete contracts it reflects the partial performance of the contractual obligations. For such contracts the amount of revenue reflects the accrual of the right to consideration by reference to the value of work performed. Revenue not billed to clients is included in debtors and payments on account in excess of the relevant amount of revenue are included in creditors.

Fee income that is contingent on events outside the control of the firm is recognised when the contingent event occurs.

1.3
Members' participating interests

Members' participation rights are the rights of a member against the LLP that arise under the m embers' agreement (for example, in respect of amounts subscribed or otherwise contributed remuneration and profits).

Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with section 22 of FRS 102. A member's participation rights including amounts subscribed or otherwise contributed by members, for example members' capital, are classed as liabilities unless the LLP has an unconditional right to refuse payment to members, in which case they are classified as equity.

Spparc Architecture LLP
Notes to the Financial Statements (Continued)
For the year ended 31 March 2026
1
Accounting policies
(Continued)
Page 6

Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment. Amounts payable to members under employment contracts and unavoidable interest on members capital are charged to “members remuneration charged as an expense” in the relevant year.

1.4
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Patents & licences
20% on cost
1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings
10% on cost
Plant and machinery
33% on cost
Motor vehicles
25% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.

The depreciation estimate for leasehold land and buildings has been amended to 10% straight line (2022: 20% straight line). The reason for the change is that a new lease was signed after the year end for a period of 10 years, and as such it is more reasonable to depreciate leasehold land and buildings assets over the life of the new lease.

1.6
Impairment of fixed assets

At each reporting period end date, the limited liability partnership reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the limited liability partnership estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Intangible assets with indefinite useful lives and intangible assets not yet available for use are tested for impairment annually, and whenever there is an indication that the asset may be impaired.

Spparc Architecture LLP
Notes to the Financial Statements (Continued)
For the year ended 31 March 2026
1
Accounting policies
(Continued)
Page 7

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic instruments at fair value.

Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Spparc Architecture LLP
Notes to the Financial Statements (Continued)
For the year ended 31 March 2026
1
Accounting policies
(Continued)
Page 8
Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the limited liability partnership transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Other financial liabilities

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as fair value th r ough profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.

Derecognition of financial liabilities

Financial liabilities are derecognised when the limited liability partnership’s obligations expire or are discharged or cancelled.

1.9
Equity instruments

Equity instruments issued by the limited liability partnership are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the limited liability partnership.

1.10
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease d asset are consumed.

2
Intangible fixed assets
Other
£
Cost
At 1 April 2025 and 31 March 2026
64,651
Amortisation and impairment
At 1 April 2025 and 31 March 2026
61,968
Carrying amount
At 31 March 2026
2,683
At 31 March 2025
2,864
Spparc Architecture LLP
Notes to the Financial Statements (Continued)
For the year ended 31 March 2026
Page 9
3
Tangible fixed assets
Leasehold land and buildings
Plant and machinery
Motor vehicles
Total
£
£
£
£
Cost
At 1 April 2025 and 31 March 2026
2,261,320
455,845
176,299
2,893,464
Depreciation and impairment
At 1 April 2025 and 31 March 2026
1,955,955
412,513
70,171
2,438,639
Carrying amount
At 31 March 2026
305,365
43,332
106,128
454,825
At 31 March 2025
395,030
18,288
150,203
563,521
4
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
843,953
1,348,056
Other debtors
999,563
118,864
1,843,516
1,466,920
5
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans and overdrafts
548,571
566,038
Trade creditors
227,370
129,404
Amounts due to group undertakings
908,832
763,913
Other taxation and social security
-
2,765
Other creditors
31,515
296,194
1,716,288
1,758,314
6
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans and overdrafts
108,241
141,659
Spparc Architecture LLP
Notes to the Financial Statements (Continued)
For the year ended 31 March 2026
Page 10
7
Operating lease commitments
Lessee

At the reporting end date the limited liability partnership had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2026
2025
£
£
-
584,053
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