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Company Registration No. 11146339 (England and Wales)
SUITE SPACES LTD Unaudited accounts for the year ended 29 February 2024
SUITE SPACES LTD Unaudited accounts Contents
Page
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SUITE SPACES LTD Company Information for the year ended 29 February 2024
Director
KA SHING CHEUNG
Company Number
11146339 (England and Wales)
Registered Office
UNIT 2 BURLEY HOUSE ROWDITCH PLACE DERBY DE22 3LR UNITED KINGDOM
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SUITE SPACES LTD Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
1,534,918 
1,362,186 
Current assets
Debtors
48,684 
270,652 
Cash at bank and in hand
3,622 
7,664 
52,306 
278,316 
Creditors: amounts falling due within one year
(46,180)
(40,964)
Net current assets
6,126 
237,352 
Total assets less current liabilities
1,541,044 
1,599,538 
Creditors: amounts falling due after more than one year
(1,385,128)
(1,452,452)
Net assets
155,916 
147,086 
Capital and reserves
Called up share capital
10 
10 
Revaluation reserve
135,801 
135,801 
Profit and loss account
20,105 
11,275 
Shareholders' funds
155,916 
147,086 
For the year ending 29 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 director acknowledges his 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 and authorised for issue on 29 November 2024 and were signed on its behalf by
KA SHING CHEUNG Director Company Registration No. 11146339
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SUITE SPACES LTD Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
SUITE SPACES LTD is a private company, limited by shares, registered in England and Wales, registration number 11146339. The registered office is UNIT 2 BURLEY HOUSE, ROWDITCH PLACE, DERBY, DE22 3LR, UNITED KINGDOM.
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.
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 March 2023
1,362,186 
Additions
172,732 
At 29 February 2024
1,534,918 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
989 
- 
Accrued income and prepayments
- 
10,323 
Other debtors
47,695 
260,329 
48,684 
270,652 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
3,074 
- 
Other creditors
43,106 
40,964 
46,180 
40,964 
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SUITE SPACES LTD Notes to the Accounts for the year ended 29 February 2024
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
39,099 
591,247 
Trade creditors
1,700 
1,450 
Other creditors
1,275,726 
791,152 
Loans from directors
68,603 
68,603 
1,385,128 
1,452,452 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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