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Company Registration No. 12417059 (England and Wales)
HOUSE SPACE LTD Unaudited accounts for the year ended 31 January 2024
HOUSE SPACE LTD Unaudited accounts Contents
Page
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HOUSE SPACE LTD Company Information for the year ended 31 January 2024
Directors
Alan Bowles Ting Mccall
Company Number
12417059 (England and Wales)
Registered Office
14 Greenleach Lane Worsley Manchester M28 2RU England
Accountants
Taxez 5 South Charlotte Street Edinburgh EH2 4AN
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HOUSE SPACE LTD Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
374,859 
203,342 
Current assets
Cash at bank and in hand
1,469 
8,755 
Creditors: amounts falling due within one year
(116,736)
(83,644)
Net current liabilities
(115,267)
(74,889)
Total assets less current liabilities
259,592 
128,453 
Creditors: amounts falling due after more than one year
(274,666)
(135,948)
Net liabilities
(15,074)
(7,495)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(15,174)
(7,595)
Shareholders' funds
(15,074)
(7,495)
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 4 October 2024 and were signed on its behalf by
Alan Bowles Director Company Registration No. 12417059
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HOUSE SPACE LTD Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
HOUSE SPACE LTD is a private company, limited by shares, registered in England and Wales, registration number 12417059. The registered office is 14 Greenleach Lane, Worsley, Manchester, M28 2RU, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover includes revenue earned from property rental and is recognised when receivable from the tenant.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Investment property
2024 
£ 
Fair value at 1 February 2023
203,342 
Additions
171,517 
At 31 January 2024
374,859 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
- 
4,505 
Loans from directors
116,377 
78,780 
Accruals
359 
359 
116,736 
83,644 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
274,666 
135,948 
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HOUSE SPACE LTD Notes to the Accounts for the year ended 31 January 2024
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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