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REGISTERED NUMBER: 08884819 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1ST AUGUST 2023 TO 31ST MAY 2024

FOR

AMAZING SPACE (SOUTH EAST) LIMITED

AMAZING SPACE (SOUTH EAST) LIMITED (REGISTERED NUMBER: 08884819)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST AUGUST 2023 TO 31ST MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AMAZING SPACE (SOUTH EAST) LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1ST AUGUST 2023 TO 31ST MAY 2024







DIRECTOR: J H Pescod





REGISTERED OFFICE: C/O Galloways Accounting
The Mill Building
31-35 Chatsworth Road
Worthing
West Sussex
BN11 1LY





REGISTERED NUMBER: 08884819 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
15 West Street
Brighton
East Sussex
BN1 2RL

AMAZING SPACE (SOUTH EAST) LIMITED (REGISTERED NUMBER: 08884819)

BALANCE SHEET
31ST MAY 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Investment property 4 425,000 425,000

CURRENT ASSETS
Debtors 5 38,015 37,927
Cash at bank 78,225 65,621
116,240 103,548
CREDITORS
Amounts falling due within one year 6 4,906 2,659
NET CURRENT ASSETS 111,334 100,889
TOTAL ASSETS LESS CURRENT
LIABILITIES

536,334

525,889

PROVISIONS FOR LIABILITIES 17,508 17,508
NET ASSETS 518,826 508,381

CAPITAL AND RESERVES
Called up share capital 4 4
Fair value reserve 7 52,524 61,446
Retained earnings 466,298 446,931
518,826 508,381

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st May 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 4th April 2025 and were signed by:





J H Pescod - Director


AMAZING SPACE (SOUTH EAST) LIMITED (REGISTERED NUMBER: 08884819)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST AUGUST 2023 TO 31ST MAY 2024


1. STATUTORY INFORMATION

Amazing Space (South East) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at
transaction price. Any losses arising from impairment are recognised in the profit and loss account in other
administrative expenses.

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 taxation is provided in full on timing differences which represent a liability at the balance sheet date, at rates expected to apply when they crystallise based on current tax rates and law. Timing differences arise from the inclusion of items of income and expenditure in taxation computations in periods different from those in which they are included in financial statements. Deferred tax assets and liabilities are not discounted.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2023 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st August 2023
and 31st May 2024 425,000
NET BOOK VALUE
At 31st May 2024 425,000
At 31st July 2023 425,000

AMAZING SPACE (SOUTH EAST) LIMITED (REGISTERED NUMBER: 08884819)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST AUGUST 2023 TO 31ST MAY 2024


4. INVESTMENT PROPERTY - continued

Fair value at 31st May 2024 is represented by:
£   
Valuation in 2020 20,032
Valuation in 2021 25,000
Valuation in 2022 25,000
Cost 354,968
425,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 354,968 354,968

Investment property was valued on an open market basis on 31st May 2024 by the director. .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 37,866 37,866
Tax - 61
Prepayments and accrued income 149 -
38,015 37,927

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 4,006 1,759
Accrued expenses 900 900
4,906 2,659

7. RESERVES
Fair
value
reserve
£   
At 1st August 2023 61,446
Revaluation (8,922 )

At 31st May 2024 52,524

8. RELATED PARTY DISCLOSURES

During the year ended 31 July 2022, Amazing Space South East Limited loaned £37,866 to 2XJP's Limited. All transactions were undertaken on a commercial arms length basis and any outstanding amounts are interest free and repayable on demand.

AMAZING SPACE (SOUTH EAST) LIMITED (REGISTERED NUMBER: 08884819)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST AUGUST 2023 TO 31ST MAY 2024


9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr J H and Mrs J Pescod.

This was by virtue of their 80% holding of the issued share capital in 2xJP's Limited, the ultimate parent company.