Open Space Business Centres Ltd 10699479 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is the letting out of commercial property Digita Accounts Production Advanced 6.30.9574.0 true 10699479 2022-04-01 2023-03-31 10699479 2023-03-31 10699479 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 10699479 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 10699479 bus:Micro-entities 2022-04-01 2023-03-31 10699479 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 10699479 bus:FullAccounts 2022-04-01 2023-03-31 10699479 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 10699479 bus:RegisteredOffice 2022-04-01 2023-03-31 10699479 bus:CompanySecretaryDirector1 2022-04-01 2023-03-31 10699479 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 10699479 countries:England 2022-04-01 2023-03-31 10699479 2021-04-01 2022-03-31 10699479 2022-03-31 10699479 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 10699479 core:Non-currentFinancialInstruments core:AfterOneYear 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 10699479

Open Space Business Centres Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2023

 

Open Space Business Centres Ltd

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

1

 

Open Space Business Centres Ltd

(Registration number: 10699479)
Balance Sheet as at 31 March 2023

2023
£

2022
£

Fixed assets

143

191

Current assets

48,322

35,855

Prepayments and accrued income

33,438

534

Creditors: Amounts falling due within one year

(91,047)

(12,182)

Net current (liabilities)/assets

(9,287)

24,207

Total assets less current liabilities

(9,144)

24,398

Creditors: Amounts falling due after more than one year

-

(45,000)

Accruals and deferred income

(2,390)

(11,459)

 

(11,534)

(32,061)

Capital and reserves

(11,534)

(32,061)

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Open Space
Upper Interfields
Malvern
WR14 1UT

These financial statements were authorised for issue by the Board on 16 October 2023.

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2022 - 4).

 

Open Space Business Centres Ltd

(Registration number: 10699479)
Balance Sheet as at 31 March 2023

3

Related party transactions

Other loans include loans provided to the company by one of the directors and their family members. This loan bears interest at 2.5% per annum, and has no fixed repayment terms. However, the director has pledged not to withdraw the loan until such time as the company's working capital allows.

This company occupies premises owned by The Laser Surveys Ltd Self-Administered Pension Scheme and paid rent of £31,500 (2022 : £31,500) to that Scheme during the year. The directors of this company are also the Trustees and beneficiaries of The Laser Surveys Ltd Self-Administered Pension Scheme

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved and authorised by the Board on 16 October 2023 and signed on its behalf by:
 

.........................................
Mrs S Stewart
Company secretary and director