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REGISTERED NUMBER: 10206654 (England and Wales)















Financial Statements for the Year Ended 31 May 2023

for

LIGHT SPACE LAND LTD

LIGHT SPACE LAND LTD (REGISTERED NUMBER: 10206654)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LIGHT SPACE LAND LTD

Company Information
for the Year Ended 31 May 2023







DIRECTORS: Mr D S Birtwistle
Mr C B Kelly





REGISTERED OFFICE: 1 & 2 Studley Court Mews
Studley Court
Guildford Road
Chobham
Surrey
GU24 8EB





REGISTERED NUMBER: 10206654 (England and Wales)





ACCOUNTANTS: THB LLP
1 & 2 Studley Court Mews
Studley Court
Guildford Road
Chobham
Surrey
GU24 8EB

LIGHT SPACE LAND LTD (REGISTERED NUMBER: 10206654)

Balance Sheet
31 May 2023

31/5/23 31/5/22
Notes £    £   
CURRENT ASSETS
Stocks 577,999 564,590
Debtors 4 350 -
Cash at bank 2,800 8,772
581,149 573,362
CREDITORS
Amounts falling due within one year 5 562,080 527,260
NET CURRENT ASSETS 19,069 46,102
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,069

46,102

CREDITORS
Amounts falling due after more than one
year

6

21,237

31,053
NET (LIABILITIES)/ASSETS (2,168 ) 15,049

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 9 (2,170 ) 15,047
SHAREHOLDERS' FUNDS (2,168 ) 15,049

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company 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 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2023 and were signed on its behalf by:



Mr D S Birtwistle - Director


LIGHT SPACE LAND LTD (REGISTERED NUMBER: 10206654)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Light Space Land Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 Companies Act 2006. 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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current and deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/23 31/5/22
£    £   
Other debtors 350 -

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/23 31/5/22
£    £   
Bank loans and overdrafts 10,194 10,071
Trade creditors 6,598 9,196
Taxation and social security - 4,617
Other creditors 545,288 503,376
562,080 527,260

LIGHT SPACE LAND LTD (REGISTERED NUMBER: 10206654)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/5/23 31/5/22
£    £   
Bank loans 21,237 31,053

7. SECURED DEBTS

The following secured debts are included within creditors:

31/5/23 31/5/22
£    £   
Bank loans 31,431 41,124

The bank loan is secured by a fixed and floating charge over the land and property being developed in Henley upon Thames.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/5/23 31/5/22
value: £    £   
2 Ordinary £1 2 2

9. RESERVES
Retained
earnings
£   

At 1 June 2022 15,047
Deficit for the year (17,217 )
At 31 May 2023 (2,170 )