REGISTERED NUMBER: OC316852 (England and Wales)

REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2026

FOR

WORKING SPACES LIMITED LIABILITY

PARTNERSHIP

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Reconciliation of Members' Interests

5

Notes to the Financial Statements

7

DESIGNATED MEMBERS:

Ms E Samuels

M Samuels

REGISTERED OFFICE:

First Floor, Winston House

349 Regents Park Road

London

N3 1DH

REGISTERED NUMBER:

OC316852 (England and Wales)

ACCOUNTANTS:

Melinek Fine LLP

Chartered Accountants

First Floor, Winston House

349 Regents Park Road

London

N3 1DH

The members present their report with the financial statements of the LLP for the year ended 5 April 2026.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of engaging in joint activities that involve property investment and property trading.

DESIGNATED MEMBERS

The designated members during the year under review were:

Ms E Samuels

M Samuels

J Samuels

Mrs C Samuels

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £514,094 (2025 - £423,826 profit).

MEMBERS' INTERESTS

Members are permitted to make drawings in anticipation of profits which will be allocated to them. The amount

of such drawings is set at the beginning of each financial year, taking into account the anticipated cash needs of the

LLP.

New members are required to subscribe a minimum level of capital and in subsequent years members are

invited to subscribe for further capital, the amounts of which is determined by the performance and seniority of

those members. On retirement, capital is repaid to members.

ON BEHALF OF THE MEMBERS:

M Samuels - Designated member

18 September 2026

TURNOVER

291,121

450,941

Administrative expenses

27,032

27,115

OPERATING PROFIT

4

264,089

423,826

Income from shares in group undertakings

250,005

-

PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS

514,094

423,826

FIXED ASSETS

Tangible assets

5

168

250

Investments

6

1,017,483

1,000,888

1,017,651

1,001,138

CURRENT ASSETS

Debtors

7

558,512

533,680

Cash at bank

5,688

129,001

564,200

662,681

CREDITORS

Amounts falling due within one year

8

3,526,516

3,495,275

NET CURRENT LIABILITIES

(2,962,316

)

(2,832,594

)

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET LIABILITIES ATTRIBUTABLE TO MEMBERS

(1,944,665

)

(1,831,456

)

LOANS AND OTHER DEBTS DUE TO MEMBERS

(1,944,665

)

(1,831,456

)

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

(1,944,665

)

(1,831,456

)

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 5 April 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 in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

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

M Samuels - Designated member

EQUITY

DEBT

TOTAL

Members'

Loans and other debts due to

MEMBERS'

other

members less any amounts due

INTERESTS

interests

from members in debtors

Members'

capital

Other

(classified

Other

reserves

as debt)

amounts

Total

Total

£

£

£

£

£

Amount due to members

(3,283,261

)

1,451,805

(1,831,456

)

Amount due from members

-

-

-

Balance at 6 April 2025

-

(3,283,261

)

1,451,805

(1,831,456

)

(1,831,456

)

Profit for the financial year available for discretionary division among members

514,094

-

-

-

514,094

Members' interests after profit for the year

514,094

(3,283,261

)

1,451,805

(1,831,456

)

(1,317,362

)

Other divisions of profit

(514,094

)

-

514,094

514,094

-

Drawings on account and distributions of profit

-

-

(627,303

)

(627,303

)

(627,303

)

Amount due to members

(3,283,261

)

1,338,596

(1,944,665

)

Amount due from members

-

-

-

Balance at 5 April 2026

-

(3,283,261

)

1,338,596

(1,944,665

)

(1,944,665

)

EQUITY

DEBT

TOTAL

Members'

Loans and other debts due to

MEMBERS'

other

members less any amounts due

INTERESTS

interests

from members in debtors

Members'

capital

Other

(classified

Other

reserves

as debt)

amounts

Total

Total

£

£

£

£

£

Amount due to members

(3,283,261

)

1,189,281

(2,093,980

)

Amount due from members

-

-

-

Balance at 6 April 2024

-

(3,283,261

)

1,189,281

(2,093,980

)

(2,093,980

)

Profit for the financial year available for discretionary division among members

423,826

-

-

-

423,826

Members' interests after profit for the year

423,826

(3,283,261

)

1,189,281

(2,093,980

)

(1,670,154

)

Other divisions of profit

(423,826

)

-

423,826

423,826

-

Introduced by members

-

-

23,700

23,700

23,700

Drawings on account and distributions of profit

-

-

(185,002

)

(185,002

)

(185,002

)

Amount due to members

(3,283,261

)

1,451,805

(1,831,456

)

Amount due from members

-

-

-

Balance at 5 April 2025

-

(3,283,261

)

1,451,805

(1,831,456

)

(1,831,456

)

1.	STATUTORY INFORMATION

Working Spaces Limited Liability Partnership 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.

Investments in associates

Investments in associate undertakings are recognised at cost.

3.	EMPLOYEE INFORMATION

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

4.	OPERATING PROFIT

The operating profit is stated after charging:

2026

2025

£

£

Depreciation - owned assets

82

124

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 6 April 2025

and 5 April 2026

2,174

DEPRECIATION

At 6 April 2025

1,924

Charge for year

82

At 5 April 2026

2,006

NET BOOK VALUE

At 5 April 2026

168

At 5 April 2025

250

6.	FIXED ASSET INVESTMENTS

The LLP's investment in associated undertakings is represented by a 50% holding in North End Shops Limited, a company registered in England and Wales.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Amounts owed by joint ventures

354,152

345,945

Other debtors

204,360

187,735

558,512

533,680

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

586

586

Amounts owed to joint ventures

972,428

935,247

Other creditors

2,553,502

2,559,442

3,526,516

3,495,275