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REGISTERED NUMBER: 02696057 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

MAKE SPACE SELF STORAGE LIMITED

MAKE SPACE SELF STORAGE LIMITED (REGISTERED NUMBER: 02696057)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MAKE SPACE SELF STORAGE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: S W Williams
M A Williams





REGISTERED OFFICE: Westbury Badgers Holt
Storrington
Pulborough
West Sussex
RH20 3ET





REGISTERED NUMBER: 02696057 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
Riverside House
40-46 High Street
Maidstone
Kent
ME14 1JH

MAKE SPACE SELF STORAGE LIMITED (REGISTERED NUMBER: 02696057)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,745,994 2,820,949
Investments 5 1,002 1,002
2,746,996 2,821,951

CURRENT ASSETS
Debtors 6 792,942 683,592
Cash at bank 52 52
792,994 683,644
CREDITORS
Amounts falling due within one year 7 3,364,128 3,358,025
NET CURRENT LIABILITIES (2,571,134 ) (2,674,381 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

175,862

147,570

PROVISIONS FOR LIABILITIES 12,397 12,736
NET ASSETS 163,465 134,834

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 163,365 134,734
SHAREHOLDERS' FUNDS 163,465 134,834

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 22 July 2024 and were signed on its behalf by:





M A Williams - Director


MAKE SPACE SELF STORAGE LIMITED (REGISTERED NUMBER: 02696057)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Make Space Self Storage Limited 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.

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.

Going concern
Accounting standards require the directors to consider the appropriateness of the going concern basis when preparing the financial statements. The director confirms that they consider that the going concern basis remains appropriate. The directors believe that the company has sufficient resources to continue in operational existence for the foreseeable future. The directors believe this to be the case as the company has positive reserves, cash balances and no significant long term liabilities.

Having regard to the above, the directors believe it appropriate to adopt the going concern basis of accounting in preparing the financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost

Investments
Investments held as fixed assets are shown at cost less provision for impairment.

Financial reporting standard 102 - reduced disclosure exemptions
The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
- the requirements of Section 7 Statement of Cash Flows;
- the requirements of Section 3 Financial Statement Presentation paragraph 3.17 (d);
- the requirements of Section 11 Financial Instruments paragraphs 11.39 to 11.48A;
- the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.29;
- the requirements of Section 26 Share-based Payment paragraphs 26.18(b), 26.19 to 26.21 and 26.23;
- the requirements of Section 33 Related Party Disclosures paragraph 33.7.

3. EMPLOYEES AND DIRECTORS

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

MAKE SPACE SELF STORAGE LIMITED (REGISTERED NUMBER: 02696057)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 January 2023
and 31 December 2023 3,747,741
DEPRECIATION
At 1 January 2023 926,792
Charge for year 74,955
At 31 December 2023 1,001,747
NET BOOK VALUE
At 31 December 2023 2,745,994
At 31 December 2022 2,820,949

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023
and 31 December 2023 1,002
NET BOOK VALUE
At 31 December 2023 1,002
At 31 December 2022 1,002

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 792,942 683,592

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 3,332,375 3,332,375
Taxation and social security 31,753 25,650
3,364,128 3,358,025

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1.00 100 100

MAKE SPACE SELF STORAGE LIMITED (REGISTERED NUMBER: 02696057)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


9. RESERVES
Retained
earnings
£   

At 1 January 2023 134,734
Profit for the year 28,631
At 31 December 2023 163,365

10. CONTROLLING PARTY

The company is controlled by MS Self Storage Limited by virtue of it's 100% shareholding.