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REGISTERED NUMBER: 08649529 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

SPACE-2 CONSULTING LTD

SPACE-2 CONSULTING LTD (REGISTERED NUMBER: 08649529)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SPACE-2 CONSULTING LTD

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTORS: Mr M Hughes-Webb
Mr R Webb





REGISTERED OFFICE: Unit 6
The Old Mill
Mill Lane
Kineton
Warwickshire
CV35 0LA





REGISTERED NUMBER: 08649529 (England and Wales)





ACCOUNTANTS: Kingscott Dix (Cheltenham) Limited
7 Rockfield Business Park
Old Station Drive
Leckhampton
Cheltenham
GL53 0AN

SPACE-2 CONSULTING LTD (REGISTERED NUMBER: 08649529)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,984 2,480

CURRENT ASSETS
Debtors 5 22,209 10,738
Cash at bank and in hand 39,505 29,380
61,714 40,118
CREDITORS
Amounts falling due within one year 6 (17,580 ) (74,042 )
NET CURRENT ASSETS/(LIABILITIES) 44,134 (33,924 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

46,118

(31,444

)

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 46,018 (31,544 )
SHAREHOLDERS' FUNDS 46,118 (31,444 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 December 2024 and were signed on its behalf by:



Mr M Hughes-Webb - Director


SPACE-2 CONSULTING LTD (REGISTERED NUMBER: 08649529)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

SPACE-2 Consulting Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

SPACE-2 CONSULTING LTD (REGISTERED NUMBER: 08649529)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023
and 31 December 2023 400 3,800 555 4,755
DEPRECIATION
At 1 January 2023 195 1,854 226 2,275
Charge for year 41 389 66 496
At 31 December 2023 236 2,243 292 2,771
NET BOOK VALUE
At 31 December 2023 164 1,557 263 1,984
At 31 December 2022 205 1,946 329 2,480

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 138 1,296
Amounts owed by participating interests 9,600 -
Other debtors 10,996 8,000
Prepayments 1,475 1,442
22,209 10,738

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 5,186 3,829
Amounts owed to associates - 43,400
Social security and other taxes 742 3,362
Other creditors 9,250 14,250
Directors' current accounts 362 7,501
Accrued expenses 2,040 1,700
17,580 74,042

SPACE-2 CONSULTING LTD (REGISTERED NUMBER: 08649529)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

8. ULTIMATE CONTROLLING PARTY

The controlling party is The SPACE-2 Group Ltd.

The ultimate controlling party is Mr M Hughes-Webb.