| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Period 21 November 2023 to 31 March 2025 |
| for |
| Second Space Estates Ltd |
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Period 21 November 2023 to 31 March 2025 |
| for |
| Second Space Estates Ltd |
| Second Space Estates Ltd (Registered number: 15298861) |
| Contents of the Financial Statements |
| for the Period 21 November 2023 to 31 March 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Second Space Estates Ltd |
| Company Information |
| for the Period 21 November 2023 to 31 March 2025 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| CHARTERED CERTIFIED ACCOUNTANTS |
| SPACES, 12 HAMMERSMITH GROVE |
| LONDON |
| W6 7AP |
| Second Space Estates Ltd (Registered number: 15298861) |
| Balance Sheet |
| 31 March 2025 |
| 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 |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
| NET LIABILITIES | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 10 |
| Retained earnings | 11 | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) |
| 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. |
| Second Space Estates Ltd (Registered number: 15298861) |
| Balance Sheet - continued |
| 31 March 2025 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Second Space Estates Ltd (Registered number: 15298861) |
| Notes to the Financial Statements |
| for the Period 21 November 2023 to 31 March 2025 |
| 1. | STATUTORY INFORMATION |
| Second Space Estates Ltd is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Related party exemption |
| 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 related party transactions with wholly owned subsidiaries within the group. |
| 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. |
| 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. |
| Second Space Estates Ltd (Registered number: 15298861) |
| Notes to the Financial Statements - continued |
| for the Period 21 November 2023 to 31 March 2025 |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| 4. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| Additions |
| At 31 March 2025 |
| NET BOOK VALUE |
| At 31 March 2025 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| £ |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| £ |
| Directors' current accounts | 342,908 |
| Accrued expenses |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| £ |
| Bank loans (see note 8) |
| Amounts falling due in more than five years: |
| Repayable otherwise than by instalments |
| Bank loans more 5 yrs non-inst |
| Second Space Estates Ltd (Registered number: 15298861) |
| Notes to the Financial Statements - continued |
| for the Period 21 November 2023 to 31 March 2025 |
| 8. | LOANS |
| An analysis of the maturity of loans is given below: |
| £ |
| Amounts falling due in more than five years: |
| Repayable otherwise than by instalments |
| Bank loans more 5 yrs non-inst | 340,025 |
| 9. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| £ |
| Bank loans |
| The bank loan is secured by way of first legal charge / standard security over the investment property. |
| 10. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal |
| value: | £ |
| ORDINARY | 1 | 100 |
| 100 ORDINARY shares of 1 each were allotted and fully paid for |
| 11. | RESERVES |
| Retained |
| earnings |
| £ |
| Deficit for the period | ( |
) |
| At 31 March 2025 | ( |
) |
| Second Space Estates Ltd (Registered number: 15298861) |
| Notes to the Financial Statements - continued |
| for the Period 21 November 2023 to 31 March 2025 |
| 12. | RELATED PARTY DISCLOSURES |
| The company operates a current account with its Directors. The loan is interest free with no fixed repayment terms and are included in creditors within one year. The balance owed to the directors at the year end was £342,908 and the maximum balance during the year was £342,908. |
| 13. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling party is |
| The company is a wholly owned subsidiary of KGH Holdings Limited. |