1 March 2023 false No description of principal activity Taxfiler 2024.6 11206474business:PrivateLimitedCompanyLtd2023-03-012024-02-28 112064742023-02-28 112064742023-03-012024-02-28 11206474business:AuditExemptWithAccountantsReport2023-03-012024-02-28 11206474business:FilletedAccounts2023-03-012024-02-28 112064742024-02-28 11206474business:Director12023-03-012024-02-28 11206474business:Director22023-03-012024-02-28 11206474business:RegisteredOffice2023-03-012024-02-28 112064742023-02-28 11206474core:WithinOneYear2024-02-28 11206474core:WithinOneYear2023-02-28 11206474core:ShareCapitalcore:PreviouslyStatedAmount2024-02-28 11206474core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 11206474core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-28 11206474core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 11206474core:PreviouslyStatedAmount2024-02-28 11206474core:PreviouslyStatedAmount2023-02-28 11206474business:SmallEntities2023-03-012024-02-28 11206474countries:EnglandWales2023-03-012024-02-28 11206474core:IntangibleAssetsOtherThanGoodwill2023-02-28 11206474core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-28 11206474core:IntangibleAssetsOtherThanGoodwill2024-02-28 112064742022-03-012023-02-28 iso4217:GBP xbrli:pure
Company Registration No. 11206474 (England and Wales)
Spacepool Limited Unaudited accounts for the period from 1 March 2023 to 28 February 2024
Spacepool Limited Unaudited accounts Contents
Page
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Spacepool Limited Company Information for the period from 1 March 2023 to 28 February 2024
Directors
Jevgenijs Tavjevs Roberts Tavjevs
Company Number
11206474 (England and Wales)
Registered Office
A and L Suite 1-3 The Hop Exchange, 24 Southwark Street London SE1 1TY England
Accountants
Accounts and Legal Consultants Ltd Suite 1-3, The Hop Exchange 24 Southwark Street London SE1 1TY
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Spacepool Limited Accountants' report
Accountants' report to the board of directors of Spacepool Limited on the preparation of the unaudited statutory accounts for the period from 1 March 2023 to 28 February 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Spacepool Limited for the period from 1 March 2023 to 28 February 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Spacepool Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Spacepool Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Spacepool Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Spacepool Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Spacepool Limited. You consider that Spacepool Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of Spacepool Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Accounts and Legal Consultants Ltd Suite 1-3, The Hop Exchange 24 Southwark Street London SE1 1TY 20 November 2024
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Spacepool Limited Statement of financial position as at 28 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
62,341 
103,203 
Current assets
Debtors
3,197 
681 
Cash at bank and in hand
19,925 
47,549 
23,122 
48,230 
Creditors: amounts falling due within one year
(628,899)
(617,946)
Net current liabilities
(605,777)
(569,716)
Net liabilities
(543,436)
(466,513)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(543,437)
(466,514)
Shareholders' funds
(543,436)
(466,513)
For the period ending 28 February 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 20 November 2024 and were signed on its behalf by
Jevgenijs Tavjevs Director Company Registration No. 11206474
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Spacepool Limited Notes to the Accounts for the period from 1 March 2023 to 28 February 2024
1
Statutory information
Spacepool Limited is a private company, limited by shares, registered in England and Wales, registration number 11206474. The registered office is A and L Suite 1-3, The Hop Exchange, 24 Southwark Street , London , SE1 1TY , 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
These financial statements for the period from 1 March 2023 to 28 February 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 March 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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 from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivables are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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Spacepool Limited Notes to the Accounts for the period from 1 March 2023 to 28 February 2024
Taxation
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 March 2023
207,033 
Additions
11,598 
At 28 February 2024
218,631 
Amortisation
At 1 March 2023
103,830 
Charge for the period
52,460 
At 28 February 2024
156,290 
Net book value
At 28 February 2024
62,341 
At 28 February 2023
103,203 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
164 
681 
Trade debtors
3,033 
- 
3,197 
681 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
4,046 
1,800 
Other creditors
- 
2,769 
Loans from directors
624,853 
613,377 
628,899 
617,946 
7
Average number of employees
During the period the average number of employees was 2 (2023: 1).
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