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REGISTERED NUMBER: 07603101 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

ESPACIO GALLERY LIMITED

ESPACIO GALLERY LIMITED (REGISTERED NUMBER: 07603101)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 6

ESPACIO GALLERY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTOR: Mr Carlos Antonio De Andrade





REGISTERED OFFICE: 187 High Road Leyton
Leyton
London
E15 2BY





REGISTERED NUMBER: 07603101 (England and Wales)





ACCOUNTANTS: Ashford Louis
Chartered Certified Accountants
187 High Road Leyton
London
E15 2BY

ESPACIO GALLERY LIMITED (REGISTERED NUMBER: 07603101)

BALANCE SHEET
31 OCTOBER 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,793 2,390

CURRENT ASSETS
Debtors 5 - 18,749
Cash at bank and in hand 318 5,123
318 23,872
CREDITORS
Amounts falling due within one year 6 4,856 8,588
NET CURRENT (LIABILITIES)/ASSETS (4,538 ) 15,284
TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,745

)

17,674

CREDITORS
Amounts falling due after more than one
year

7

-

17,261
NET (LIABILITIES)/ASSETS (2,745 ) 413

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (2,747 ) 411
SHAREHOLDERS' FUNDS (2,745 ) 413

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

ESPACIO GALLERY LIMITED (REGISTERED NUMBER: 07603101)

BALANCE SHEET - continued
31 OCTOBER 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 director and authorised for issue on 17 June 2025 and were signed by:





Mr Carlos Antonio De Andrade - Director


ESPACIO GALLERY LIMITED (REGISTERED NUMBER: 07603101)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

Espacio Gallery 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.

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.

Turnover
Turnover represents gross sales invoices and of contributions made during the year and derives from the provision of services falling within the company's principal activities.

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 - 25% on reducing balance
Computer equipment - 25% on reducing balance

Going concern


No material uncertainties related to events or conditions that may casts significant doubt on the ability of the company to continue as a going concern have been identified by the director.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 November 2023
and 31 October 2024 4,597 3,633 8,230
DEPRECIATION
At 1 November 2023 2,655 3,185 5,840
Charge for year 485 112 597
At 31 October 2024 3,140 3,297 6,437
NET BOOK VALUE
At 31 October 2024 1,457 336 1,793
At 31 October 2023 1,942 448 2,390

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Other debtors - 18,749

ESPACIO GALLERY LIMITED (REGISTERED NUMBER: 07603101)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

Included in other debtors is six month rent deposit of £12,500.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts - 19
Social security and other taxes - 2,056
Barclay credit card - 4,161
Directors' current accounts 4,856 912
Accrued expenses - 1,440
4,856 8,588

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Bank loans more 5 yr by instal - 8,786
Accruals and deferred income - 8,475
- 17,261

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 8,786

8. RELATED PARTY DISCLOSURES

During the current and previous year, the company was controlled by the director Carlos Antonio De-Andrade by virtue of ownership of the entire issued share capital.

At the balance sheet date the company owed it director Mr Carlos Antonio De-Andrade £4,856 (2023- £245)

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
ESPACIO GALLERY LIMITED

The following reproduces the text of the report prepared for the director 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 Director 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 Espacio Gallery Limited for the year ended 31 October 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Espacio Gallery Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Espacio Gallery Limited and state those matters that we have agreed to state to the director of Espacio Gallery Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Espacio Gallery 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 Espacio Gallery Limited. You consider that Espacio Gallery Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Espacio Gallery 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.






Ashford Louis
Chartered Certified Accountants
187 High Road Leyton
London
E15 2BY


17 June 2025