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COMPANY REGISTRATION NUMBER: 4201680
Original Space Limited
Unaudited Financial Statements
For the Year Ended
31 December 2023
Original Space Limited
Financial Statements
Year Ended 31st December 2023
Contents
Pages
Directors' Report
1
Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements
2
Statement of Comprehensive Income
3
Statement of Financial Position
4 to 5
Statement of Changes in Equity
6
Notes to the Financial Statements
7
Original Space Limited
Directors' Report
Year Ended 31st December 2023
The directors present their report and the unaudited financial statements of the company for the year ended 31 December 2023 .
Directors
The directors who served the company during the year were as follows:
J. Frank
Mrs. M Frank
Small Company Provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 13 September 2024 and signed on behalf of the board by:
J. Frank
Director
Original Space Limited
Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Original Space Limited
Year Ended 31st December 2023
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31st December 2023, which comprise the statement of comprehensive income, statement of financial position, statement of changes in equity and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
PEYTON TYLER MEARS Chartered accountants
Middleborough House 16 Middleborough Colchester Essex CO1 1QT
13 September 2024
Original Space Limited
Statement of Comprehensive Income
Year Ended 31st December 2023
2023
2022
Note
£
£
Turnover
702
----
----
Gross Profit
702
Administrative expenses
25
( 39,485)
----
--------
Operating (Loss)/Profit
( 25)
40,187
----
--------
(Loss)/Profit Before Taxation
( 25)
40,187
Tax on (loss)/profit
----
--------
(Loss)/Profit for the Financial Year
( 25)
40,187
----
--------
Revaluation of tangible assets
( 1,410)
----
--------
Total Comprehensive Income for the Year
( 25)
38,777
----
--------
All the activities of the company are from continuing operations.
Original Space Limited
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
£
Current Assets
Debtors
4
1
1
Cash at bank and in hand
1,101
52,626
-------
--------
1,102
52,627
Creditors: amounts falling due within one year
5
625
625
-------
--------
Net Current Assets
477
52,002
----
--------
Total Assets Less Current Liabilities
477
52,002
----
--------
Net Assets
477
52,002
----
--------
Original Space Limited
Statement of Financial Position (continued)
31 December 2023
2023
2022
Note
£
£
£
Capital and Reserves
Called up share capital
1
1
Profit and loss account
476
52,001
----
--------
Shareholders Funds
477
52,002
----
--------
These financial statements have been prepared 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'.
For the year ending 31st December 2023 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 year 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 .
These financial statements were approved by the board of directors and authorised for issue on 13 September 2024 , and are signed on behalf of the board by:
J. Frank
Director
Company registration number: 4201680
Original Space Limited
Statement of Changes in Equity
Year Ended 31st December 2023
Called up share capital
Revaluation reserve
Profit and loss account
Total
Note
£
£
£
£
At 1st January 2022
1
1,410
101,814
103,225
Profit for the year
40,187
40,187
Other comprehensive income for the year:
Revaluation of tangible assets
( 1,410)
( 1,410)
----
-------
---------
---------
Total Comprehensive Income for the Year
( 1,410)
40,187
38,777
Dividends paid and payable
( 90,000)
( 90,000)
----
-------
---------
---------
Total Investments by and Distributions to Owners
( 90,000)
( 90,000)
At 31st December 2022
1
52,001
52,002
Loss for the year
( 25)
( 25)
----
-------
---------
---------
Total Comprehensive Income for the Year
( 25)
( 25)
Dividends paid and payable
( 51,500)
( 51,500)
----
----
--------
--------
Total Investments by and Distributions to Owners
( 51,500)
( 51,500)
----
----
--------
--------
At 31st December 2023
1
476
477
----
----
--------
--------
Original Space Limited
Notes to the Financial Statements
Year Ended 31st December 2023
1. General Information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Middleborough House, 16 Middleborough, Colchester, Essex, CO1 1QT.
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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue Recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Financial Instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Debtors
2023
2022
£
£
Other debtors
1
1
----
----
5. Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
625
625
----
----