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REGISTERED NUMBER: 14980498 (England and Wales)








SPACEWAYS STORAGE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

4 JULY 2023 TO 30 SEPTEMBER 2024






SPACEWAYS STORAGE LIMITED (REGISTERED NUMBER: 14980498)

CONTENTS OF THE FINANCIAL STATEMENTS
for the period 4 July 2023 to 30 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

SPACEWAYS STORAGE LIMITED

COMPANY INFORMATION
for the period 4 July 2023 to 30 September 2024







DIRECTORS: C M Bazen
P R Martin
G Hutchinson





REGISTERED OFFICE: Slyfield Green Industrial Estate
Westfield Road
Guildford
Surrey
GU1 1SB





REGISTERED NUMBER: 14980498 (England and Wales)





ACCOUNTANTS: Bessler Hendrie LLP
Chartered Accountants
Ashbourne House
The Guildway
Old Portsmouth Road
Guildford
Surrey
GU3 1LR

SPACEWAYS STORAGE LIMITED (REGISTERED NUMBER: 14980498)

BALANCE SHEET
30 September 2024

Notes £
FIXED ASSETS
Intangible assets 4 1,701
Tangible assets 5 4,354
6,055

CURRENT ASSETS
Stocks 12,923
Debtors 6 9,195
Cash at bank 43,911
66,029
CREDITORS
Amounts falling due within one year 7 (190,575 )
NET CURRENT LIABILITIES (124,546 )
TOTAL ASSETS LESS CURRENT LIABILITIES (118,491 )

PROVISIONS FOR LIABILITIES (1,510 )
NET LIABILITIES (120,001 )

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings (120,101 )
(120,001 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2024 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.

SPACEWAYS STORAGE LIMITED (REGISTERED NUMBER: 14980498)

BALANCE SHEET - continued
30 September 2024


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 February 2025 and were signed on its behalf by:





C M Bazen - Director


SPACEWAYS STORAGE LIMITED (REGISTERED NUMBER: 14980498)

NOTES TO THE FINANCIAL STATEMENTS
for the period 4 July 2023 to 30 September 2024


1. STATUTORY INFORMATION

Spaceways Storage Limited 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.

These accounts have been prepared for a 15 month period in order to prepare the first years accounts in line with the year end of the group.

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.

On the 30th September 2023, a portion of the trade and assets of another 100% owned subsidiary in the "Kellys" group, Kellys Self Storage Limited were transferred to Spaceways Storage Limited. These assets and liabilities are included in the balance sheet at 30 September 2024.

The financial statements have been prepared on a going concern basis. The parent company has confirmed that they will provide financial support if required.

Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Turnover is measured as the fair value of consideration received or receivable on storage and associated services, excluding value added tax.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Intangible assets represents amounts invested into a computer system. These were transferred across from Kellys Self Storage on 30 September 2023 with an estimated useful life of 2 years at the date these were transferred.

Tangible fixed assets
Tangible assets are stated at cost less accumulated depreciation. Cost includes the original purchase price and costs directly attributable to bringing the asset to its working condition for its intended use.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Plant and machinery 20% reducing balance

On disposal, the difference between net proceeds and the carrying amount of item sold is recognised in the profit and loss account and is included in administrative expenses.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Financial instruments are classified by directors as basic or non-basic following the conditions on FRS 102 Section 11. Basic financial instruments are initially measured at transaction price and subsequently recognised at amortised cost using the effective interest method. The company does not have any financial non-basic instruments.


SPACEWAYS STORAGE LIMITED (REGISTERED NUMBER: 14980498)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 4 July 2023 to 30 September 2024


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4. INTANGIBLE FIXED ASSETS
Computer
software
£
COST
Transfer from Kellys Self Storage
Limited

3,403

At 30 September 2024 3,403
AMORTISATION
Amortisation for period 1,702
At 30 September 2024 1,702
NET BOOK VALUE
At 30 September 2024 1,701

On 30 September 2023, a computer system was transferred to Spaceways Storage Limited from Kellys Self Storage Limited at it's market value.

SPACEWAYS STORAGE LIMITED (REGISTERED NUMBER: 14980498)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 4 July 2023 to 30 September 2024


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
Transfer from Kellys Self Storage Limited 5,443
At 30 September 2024 5,443
DEPRECIATION
Charge for period 1,089
At 30 September 2024 1,089
NET BOOK VALUE
At 30 September 2024 4,354

On 30 September 2023, a selection of assets were transferred to Spaceways Storage Limited from Kellys Self Storage Limited at their market value.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£
Trade debtors 2,083
Amounts owed by group undertakings 100
Other debtors 7,012
9,195

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£
Trade creditors 288
Amounts owed to group undertakings 158,206
Taxation and social security 12,390
Other creditors 19,691
190,575

8. RELATED PARTY DISCLOSURES

Within other creditors includes £588 due to Kelly's SCCS Limited, a company in which two of the three directors are also directors. Kelly's SCCS Limited invoiced the company £5,498 for goods and services supplied during the period.

The company had taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. This allowed for transactions with members of the group headed by Kelly's Removals & Transport (Guildford) Limited not to be disclosed on the grounds that 100% of the voting rights in the company are controlled within the group.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P R Martin.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
SPACEWAYS STORAGE LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Spaceways Storage Limited for the period ended 30 September 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Spaceways Storage Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Spaceways Storage Limited and state those matters that we have agreed to state to the Board of Directors of Spaceways Storage Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Spaceways Storage Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Spaceways Storage Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Spaceways Storage Limited. You consider that Spaceways Storage 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 financial statements of Spaceways Storage 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 financial statements.

This report should not be regarded as suitable to be used or relied on by any other party wishing to acquire any rights against Bessler Hendrie LLP for any purpose or in any context. Any party, other than you, who obtain access to this report or a copy and chooses to rely on this report (or any part of it) will do so at its own risk.






Bessler Hendrie LLP
Chartered Accountants
Ashbourne House
The Guildway
Old Portsmouth Road
Guildford
Surrey
GU3 1LR


27 February 2025