ACCOUNTS - Final Accounts preparation

Loans and other debts due to members

Company registration number: OC437532

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 MARCH 2026

	STOCKWOOL STUDIO ONE LLP


STOCKWOOL STUDIO ONE LLP

INFORMATION

Designated Members

Monica Irmgard Coffey (Resigned 2 April 2026)

Justin William Creagh Snell (Appointed 2 April 2026)

Ewout Frans Vandeweghe

Member

Stockwool Group LLP

LLP registered number

OC437532

Registered office

6 Orsman Road, London, N1 5QJ

Accountants

Menzies LLP, 4th Floor, 95 Gresham Street, London, EC2V 7AB


STOCKWOOL STUDIO ONE LLP REGISTERED NUMBER:OC437532

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2026

		2026		2025
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	232,080		220,607
Cash at bank and in hand		6,499		13,642
		238,579		234,249
Creditors: Amounts Falling Due Within One Year	5	(45,934)		(63,152)
Net current assets			192,645		171,097
Total assets less current liabilities			192,645		171,097

Net assets			192,645		171,097

Represented by:
Loans and other debts due to members within one year
Members' capital classified as a liability		100	100
Other amounts	6	192,545	170,997
		192,645	171,097

		192,645	171,097

Total members' interests
Loans and other debts due to members	6	192,645	171,097
		192,645	171,097

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STOCKWOOL STUDIO ONE LLP REGISTERED NUMBER:OC437532

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2026

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

The entity 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.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.

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

The entity has opted not to file the statement of comprehensive income in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf on 22 July 2026.

Ewout Frans Vandeweghe

Designated member

The notes on pages 4 to 6 form part of these financial statements.

Stockwool Studio One LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of changes in equity.

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STOCKWOOL STUDIO ONE LLP

RECONCILIATION OF MEMBERS' INTERESTS

FOR THE YEAR ENDED 31 MARCH 2026


	DEBT Loans and other debts due to members less any amounts due from members in debtors
	Members' capital (classified as debt)	Other amounts	Total
	£	£	£
Members' interests after profit for the year	100	95,969	96,069
Other division of profits	-	173,487	173,487
Drawings on account and distribution of profit	-	(98,459)	(98,459)
Amounts due to members	100	170,997	171,097
Balance at 31 March 2025	100	170,997	171,097
Members' interests after profit for the year	100	170,997	171,097
Other division of profits	-	143,357	143,357
Drawings on account and distribution of profit	-	(121,809)	(121,809)
Amounts due to members	100	192,545	192,645
Balance at 31 March 2026	100	192,545	192,645

There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests.

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STOCKWOOL STUDIO ONE LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

1.	General information

Stockwool Studio One LLP is a limited liability partnership, registered in England and Wales, registration number OC437532. The registered office is displayed on the information page and the trading address is the same as the registered office..

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the LLP and the
revenue can be reliably measured. Turnover is generated by designing buildings and is measured as the fair
value of the consideration received or receivable, excluding discounts, rebates, value added tax and other
sales taxes.

2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.4

Division and distribution of profits

A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial period and may take place during or after the end of a financial period.

An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time, whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making.

The LLP divides profits automatically. Automatic divisions of profits are recognised as 'Members' remuneration charged as an expense in .

Employees

The average monthly number of employees, during the year was 2 (2025 - 2).

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STOCKWOOL STUDIO ONE LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

Debtors

					2026	2025
					£	£


Trade debtors	194,319	155,710
Amounts recoverable on long-term contracts	37,761	64,897
	232,080	220,607

5.	Creditors: Amounts falling due within one year
		2026	2025
		£	£

Trade creditors	-	600
Other taxation and social security	11,980	12,928
Accruals and deferred income	33,954	49,624
	45,934	63,152


Members' capital treated as debt	100	100
Other amounts due to members	192,545	170,997
	192,645	171,097

Loans and other debts due to members may be further analysed as follows:

					2026	2025
					£	£


Falling due within one year	192,545	170,997
Falling due after more than one year	100	100
	192,645	171,097

Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.

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STOCKWOOL STUDIO ONE LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

7.	Other financial commitments

The partnership acts as a guarantor for a loan provided to a partnership within the same group. The liability at the year end was £Nil (2025: £15,625) and is secured over the assets of the partnership by a fixed and floating charge.

Additionally, the LLP has granted a debenture over its assets as security for the parent LLP's overdraft facility. The LLP has also provided an unlimited guarantee in respect of the facility.

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