Silverfin false 31/05/2023 01/06/2022 31/05/2023 Helen Fisher 07/05/2019 30 January 2024 The principal activity of the company continued to be that of literature. 11982638 2023-05-31 11982638 bus:Director1 2023-05-31 11982638 2022-05-31 11982638 core:CurrentFinancialInstruments 2023-05-31 11982638 core:CurrentFinancialInstruments 2022-05-31 11982638 core:ShareCapital 2023-05-31 11982638 core:ShareCapital 2022-05-31 11982638 core:RetainedEarningsAccumulatedLosses 2023-05-31 11982638 core:RetainedEarningsAccumulatedLosses 2022-05-31 11982638 core:OtherPropertyPlantEquipment 2022-05-31 11982638 core:OtherPropertyPlantEquipment 2023-05-31 11982638 2022-06-01 2023-05-31 11982638 bus:FullAccounts 2022-06-01 2023-05-31 11982638 bus:SmallEntities 2022-06-01 2023-05-31 11982638 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 11982638 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 11982638 bus:Director1 2022-06-01 2023-05-31 11982638 core:OtherPropertyPlantEquipment 2022-06-01 2023-05-31 11982638 2021-06-01 2022-05-31 iso4217:GBP xbrli:pure

Company No: 11982638 (England and Wales)

SPACEHOPPER LIMITED

Unaudited Financial Statements
For the financial year ended 31 May 2023
Pages for filing with the registrar

SPACEHOPPER LIMITED

Unaudited Financial Statements

For the financial year ended 31 May 2023

Contents

SPACEHOPPER LIMITED

COMPANY INFORMATION

For the financial year ended 31 May 2023
SPACEHOPPER LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 May 2023
DIRECTOR Helen Fisher
REGISTERED OFFICE Gascoyne House Moseleys Farm Business Centre
Fornham All Saints
Bury St Edmunds
IP28 6JY
United Kingdom
COMPANY NUMBER 11982638 (England and Wales)
CHARTERED ACCOUNTANTS Gascoynes
Gascoyne House
Moseleys Farm Business Centre
Fornham All Saints
Bury St Edmunds
Suffolk
IP28 6JY
SPACEHOPPER LIMITED

BALANCE SHEET

As at 31 May 2023
SPACEHOPPER LIMITED

BALANCE SHEET (continued)

As at 31 May 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 1,958 1,668
Investments 4 97,928 50,000
99,886 51,668
Current assets
Debtors 5 23,892 1,407
Cash at bank and in hand 97,387 218,591
121,279 219,998
Creditors: amounts falling due within one year 6 ( 2,434) ( 26,204)
Net current assets 118,845 193,794
Total assets less current liabilities 218,731 245,462
Net assets 218,731 245,462
Capital and reserves
Called-up share capital 100 100
Profit and loss account 218,631 245,362
Total shareholder's funds 218,731 245,462

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

Director's responsibilities:

The financial statements of Spacehopper Limited (registered number: 11982638) were approved and authorised for issue by the Director on 30 January 2024. They were signed on its behalf by:

Helen Fisher
Director
SPACEHOPPER LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2023
SPACEHOPPER LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Spacehopper Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Gascoyne House Moseleys Farm Business Centre, Fornham All Saints, Bury St Edmunds, IP28 6JY, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 June 2022 2,958 2,958
Additions 840 840
At 31 May 2023 3,798 3,798
Accumulated depreciation
At 01 June 2022 1,290 1,290
Charge for the financial year 550 550
At 31 May 2023 1,840 1,840
Net book value
At 31 May 2023 1,958 1,958
At 31 May 2022 1,668 1,668

4. Fixed asset investments

2023 2022
£ £
Other investments and loans 97,928 50,000

5. Debtors

2023 2022
£ £
Corporation tax 4,086 0
Other debtors 19,806 1,407
23,892 1,407

6. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 71 17
Taxation and social security 72 19,558
Other creditors 2,291 6,629
2,434 26,204

7. Related party transactions

Transactions with the entity's director

2023 2022
£ £
Directors loan account balanced owed by the director 19,544 (4,488)

The loan is interest free and was fully repaid within 9 months of the year end.