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COMPANY REGISTRATION NUMBER: 14633677
SPACE REAL ESTATE SOLUTIONS LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD FROM 2 FEBRUARY 2023 TO
29 February 2024
SPACE REAL ESTATE SOLUTIONS LIMITED
FINANCIAL STATEMENTS
PERIOD FROM 2 FEBRUARY 2023 TO 29 FEBRUARY 2024
CONTENTS
PAGES
Statement of financial position
1 to 2
Notes to the financial statements
3 to 4
SPACE REAL ESTATE SOLUTIONS LIMITED
STATEMENT OF FINANCIAL POSITION
29 February 2024
29 Feb 24
Note
£
£
FIXED ASSETS
Tangible assets
5
1,492
CURRENT ASSETS
Cash at bank and in hand
8,298
CREDITORS: amounts falling due within one year
6
10,280
--------
NET CURRENT LIABILITIES
1,982
-------
TOTAL ASSETS LESS CURRENT LIABILITIES
( 490)
----
NET LIABILITIES
( 490)
----
CAPITAL AND RESERVES
Called up share capital
100
Profit and loss account
( 590)
----
SHAREHOLDERS DEFICIT
( 490)
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 29 February 2024 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 financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
SPACE REAL ESTATE SOLUTIONS LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
29 February 2024
These financial statements were approved by the board of directors and authorised for issue on 25 July 2024 , and are signed on behalf of the board by:
N Gravells
Director
Company registration number: 14633677
SPACE REAL ESTATE SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
PERIOD FROM 2 FEBRUARY 2023 TO 29 FEBRUARY 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 20-22 Bridge End, Leeds, LS1 4DJ, England.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover comprises revenue recognised by the company in respect of goods and services supplied, exclusive of Value Added Tax.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation to date.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
33% straight line
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the period amounted to Nil.
5. TANGIBLE ASSETS
Equipment
£
Cost
At 2 February 2023
Additions
2,238
-------
At 29 February 2024
2,238
-------
Depreciation
At 2 February 2023
Charge for the period
746
-------
At 29 February 2024
746
-------
Carrying amount
At 29 February 2024
1,492
-------
6. CREDITORS: amounts falling due within one year
29 Feb 24
£
Other creditors
10,280
--------