Hidden Space Limited |
Notes to the Accounts |
for the year ended 31 December 2023 |
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1 |
Accounting policies |
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Basis of preparation |
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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). |
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Turnover |
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Turnover is measured at the fair value of the consideration received or receivable for services provided in the normal course of business. |
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Debtors |
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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. |
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Creditors |
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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. |
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2 |
Employees |
2023 |
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2022 |
Number |
Number |
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Average number of persons employed by the company |
0 |
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0 |
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3 |
Debtors |
2023 |
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2022 |
£ |
£ |
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Amounts owed by group undertakings |
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10,337 |
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5,335 |
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4 |
Creditors: amounts falling due within one year |
2023 |
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2022 |
£ |
£ |
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Other creditors |
1,500 |
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- |
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5 |
Controlling party |
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The ultimate parent undertaking is Tyneside Group Limited, a company registered in England and Wales. The registered office of Tyneside Group Limited is Blue House, Great North Road, Jesmond, Newcastle upon Tyne, NE2 3NH. Tyneside Group Limited is the smallest and largest company for which consolidated financial statements including Hidden Space Limited are prepared. |
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6 |
Other information |
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Hidden Space Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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Blue House |
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Great North Road |
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Jesmond |
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Newcastle upon Tyne |
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NE2 3NH |