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Registered number: 11392264
Bedspace Holdings Limited
Financial Statements
For The Year Ended 29 June 2024
Contents
Page
Balance Sheet 1
Statement of Changes in Equity 2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11392264
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 2,713,304 2,713,304
2,713,304 2,713,304
CURRENT ASSETS
Debtors 5 - 88
Cash at bank and in hand 1 -
1 88
Creditors: Amounts Falling Due Within One Year 6 (850,668 ) (875,634 )
NET CURRENT ASSETS (LIABILITIES) (850,667 ) (875,546 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,862,637 1,837,758
NET ASSETS 1,862,637 1,837,758
CAPITAL AND RESERVES
Called up share capital 8 100 100
Share premium account 1,237,547 1,237,547
Profit and Loss Account 624,990 600,111
SHAREHOLDERS' FUNDS 1,862,637 1,837,758
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr N G Thornhill
Director
27th March 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 1
Page 2
Statement of Changes in Equity
Share Capital Share Premium Profit and Loss Account Total
£ £ £ £
As at 1 July 2022 100 1,237,547 9,252 1,246,899
Profit for the year and total comprehensive income - - 871,002 871,002
Dividends paid - - (280,143) (280,143)
As at 29 June 2023 and 30 June 2023 100 1,237,547 600,111 1,837,758
Profit for the year and total comprehensive income - - 524,879 524,879
Dividends paid - - (500,000) (500,000)
As at 29 June 2024 100 1,237,547 624,990 1,862,637
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Bedspace Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11392264 . The registered office and principal place of business is 473 Chester Road, Trafford, Manchester, M16 9HF.
The presentation currency of the financial statements is Pound Sterling (£).
Amounts in these financial statements are rounded to the nearest £.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Taxation
Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Investments
Subsidiaries
£
Cost
As at 30 June 2023 2,713,304
As at 29 June 2024 2,713,304
Provision
As at 30 June 2023 -
As at 29 June 2024 -
Net Book Value
As at 29 June 2024 2,713,304
As at 30 June 2023 2,713,304
5. Debtors
2024 2023
£ £
Due within one year
Amounts owed by group undertakings - 88
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts - 18,782
Other loans - 14,814
Amounts owed to group undertakings 842,275 842,038
Taxation and social security 8,393 -
850,668 875,634
7. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts - 18,782
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Related Party Transactions
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 relate party transactions with wholly owned subsidiaries within the group.
The yearend balance with the group undertakings are shown in notes 5 & 6.
10. Ultimate Controlling Party
The Company's immediate and ultimate parent undertaking is Bedspace Group Limited. The consolidated financial statements of Bedspace Group Limited are available from Companies House, Crown Way, Maindy, Cardiff, CF14 3UZ.
There is no single ultimate controlling party.
11. Audit Information
The auditor's report on the accounts of Bedspace Holdings Limited for the year ended 29 June 2024 was unqualified.
The auditor's report was signed by Paul Allan Byrne BA (Double Hons) FCA (Senior Statutory Auditor) for and on behalf of Ascendis Audit Limited , Statutory Auditor.
Ascendis Audit Limited
Unit 3, Building 2, The Colony
Altrincham Road
Wilmslow
Cheshire
SK9 4LY
Page 4