FLEXSPACE NO 1 LLP

1. FLEXSPACE NO 1 LLP 2019-06-19 → present
2. BRIDGES BUSINESS SPACE LLP 2014-12-23 → 2019-06-19
3. BRIDGES EASYSPACE LLP 2014-12-17 → 2014-12-23

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Cooper Parry Group Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on the going concern basis which the members believe to be appropriate based on their business plan for a 12 month period from the date of approval of these financial statements. The current funding arrangements expire on 23 June 2026 and members are confident that suitable arrangements will be made for future funding as necessary.”

Group structure

1. FLEXSPACE NO 1 LLP · parent
   1. Flexspace Management Limited 75% · England and Wales · Management service company
   2. Flexspace Limited 100% · England and Wales · dormant company

Significant events

• “There were no site disposals during the year or since year end (2024: disposed of 3 non-core business centres totalling 146,000 sq ft for £3.25m).”
• “Exceptional items relate to professional fees for redevelopment of certain sites (2024 - property sale fees, restructuring costs and professional fees).”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +0.2%

  £15,846,005 → £15,876,245

• Cash

  -23.4%

  £4,326,719 → £3,313,706

• Net assets

  +2.2%

  £76,167,986 → £77,875,054

• Employees

  -4.8%

  63 → 60

• Operating profit

  -3.3%

  £6,432,957 → £6,220,908

• Wages

  -3.7%

  £2,626,914 → £2,529,410

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers