REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 1ST AUGUST 2023 TO 31ST MAY 2024 |
FOR |
AMAZING SPACE (SOUTH EAST) LIMITED |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Fair value reserve | 7 |
Retained earnings |
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 were approved by the director and authorised for issue on |
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 |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
NET BOOK VALUE |
At 31st May 2024 |
At 31st July 2023 |
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 |
Tax |
Prepayments and accrued income |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Tax |
Accrued expenses |
7. | RESERVES |
Fair |
value |
reserve |
£ |
At 1st August 2023 |
Revaluation | (8,922 | ) |
At 31st May 2024 |
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 |
This was by virtue of their 80% holding of the issued share capital in 2xJP's Limited, the ultimate parent company. |