Company Registration No. 13357559 (England and Wales)
First Space Knutsford Limited
Unaudited accounts
for the year ended 31 March 2024
First Space Knutsford Limited
Unaudited accounts
Contents
First Space Knutsford Limited
Company Information
for the year ended 31 March 2024
Company Number
13357559 (England and Wales)
Registered Office
Primary House
Spring Gardens
Macclesfield
Cheshire
SK10 2DX
United Kingdom
Accountants
Taylor Consultancy, Chartered Certified Accountants
Primary House
Spring Gardens
Macclesfield
Cheshire
SK10 2DX
First Space Knutsford Limited
Statement of financial position
as at 31 March 2024
Cash at bank and in hand
4
1,681
Creditors: amounts falling due within one year
(960)
(32,470)
Net current (liabilities)/assets
(367)
20
Net (liabilities)/assets
(367)
20
Called up share capital
20
20
Profit and loss account
(387)
-
Shareholders' funds
(367)
20
For the year ending 31 March 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 3 December 2024 and were signed on its behalf by
R M G Stevens
Director
Company Registration No. 13357559
First Space Knutsford Limited
Notes to the Accounts
for the year ended 31 March 2024
First Space Knutsford Limited is a private company, limited by shares, registered in England and Wales, registration number 13357559. The registered office is Primary House, Spring Gardens, Macclesfield, Cheshire, SK10 2DX, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Amounts falling due after more than one year
Amounts due from group undertakings etc.
589
30,809
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
-
31,510
First Space Knutsford Limited
Notes to the Accounts
for the year ended 31 March 2024
Allotted, called up and fully paid:
20 Ordinary shares of £1 each
20
20
7
Transactions with related parties
Octavia Luxury Holdings Limited is the ultimate holding company.
During the year First Space Knutsford Limited voted a dividend of £Nil (2023 - £134,332) to Octavia Luxury Holdings Limited.
At the balance sheet date Octavia Luxury Holdings owed £589 (2023 - £30,809) to First Space Knutsford Limited. The loan is subject to interest ant a commercial rate and is repayable upon demand.
The ultimate holding company is Octavia Luxury Holdings Limited, a company registered in England and Wales under company number 13515661.
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).