PALACE SPACE LTD

Company Registration Number:
14023153 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2023

Period of accounts

Start date: 4 April 2022

End date: 30 April 2023

PALACE SPACE LTD

Contents of the Financial Statements

for the Period Ended 30 April 2023

Balance sheet
Additional notes
Balance sheet notes

PALACE SPACE LTD

Balance sheet

As at 30 April 2023

Notes 13 months to 30 April 2023


£
Current assets
Debtors: 3 883
Cash at bank and in hand: 3,788
Total current assets: 4,671
Creditors: amounts falling due within one year: 4 ( 3,984 )
Net current assets (liabilities): 687
Total assets less current liabilities: 687
Total net assets (liabilities): 687
Capital and reserves
Called up share capital: 1
Profit and loss account: 686
Total Shareholders' funds: 687

The notes form part of these financial statements

PALACE SPACE LTD

Balance sheet statements

For the year ending 30 April 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 2 April 2024
and signed on behalf of the board by:

Name: Caspar Kennerdale
Status: Director

The notes form part of these financial statements

PALACE SPACE LTD

Notes to the Financial Statements

for the Period Ended 30 April 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.

    Other accounting policies

    Debtors - Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. Creditors - Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. Taxation - A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

PALACE SPACE LTD

Notes to the Financial Statements

for the Period Ended 30 April 2023

  • 2. Employees

    13 months to 30 April 2023
    Average number of employees during the period 0

PALACE SPACE LTD

Notes to the Financial Statements

for the Period Ended 30 April 2023

3. Debtors

13 months to 30 April 2023
£
Trade debtors 883
Total 883

PALACE SPACE LTD

Notes to the Financial Statements

for the Period Ended 30 April 2023

4. Creditors: amounts falling due within one year note

13 months to 30 April 2023
£
Taxation and social security 161
Other creditors 3,823
Total 3,984