Registered number
12329115
Therapy Spaces ( Surbiton) Limited
Unaudited Filleted Accounts
30 November 2023
Therapy Spaces ( Surbiton) Limited
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Therapy Spaces ( Surbiton) Limited for the year ended 30 November 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Therapy Spaces ( Surbiton) Limited for the year ended 30 November 2023 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at
www.icaew.com/en/members/regulations-standards-and-guidance
Our work has been undertaken in accordance with ICAEW Technical Release 07/16 AAF.
Fordhams & Co Limited
Chartered Accountants
Studio 6
6 Hornsey Street
London
N7 8GR
29 August 2024
Therapy Spaces ( Surbiton) Limited
Registered number: 12329115
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 27,327 534
Current assets
Debtors 4 15,622 11,148
Cash at bank and in hand 18,402 39,244
34,024 50,392
Creditors: amounts falling due within one year 5 (12,197) (10,415)
Net current assets 21,827 39,977
Total assets less current liabilities 49,154 40,511
Creditors: amounts falling due after more than one year 6 (5,650) (9,250)
Net assets 43,504 31,261
Capital and reserves
Called up share capital 100 100
Profit and loss account 43,404 31,161
Shareholders' funds 43,504 31,261
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P Strong
Director
Approved by the board on 29 August 2024
Therapy Spaces ( Surbiton) Limited
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represent rent receivable of renting of office spaces.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings 10 years straightline
Plant and machinery 20% reducing balance
Fixtures, fittings, tools and equipment 20% reducing balance
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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 December 2022 - 834 834
Additions 29,819 - 29,819
At 30 November 2023 29,819 834 30,653
Depreciation
At 1 December 2022 - 300 300
Charge for the year 2,919 107 3,026
At 30 November 2023 2,919 407 3,326
Net book value
At 30 November 2023 26,900 427 27,327
At 30 November 2022 - 534 534
4 Debtors 2023 2022
£ £
Trade debtors 92 20
Other debtors 15,530 11,128
15,622 11,148
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 3,600 3,700
Taxation and social security costs 4,761 4,915
Other creditors 3,836 1,800
12,197 10,415
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 5,650 9,250
7 Other information
Therapy Spaces ( Surbiton) Limited is a private company limited by shares and incorporated in England. Its registered office is:
46 Westcroft Gardens
Morden
Surrey
SM4 4DL
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