Eightspace Group Limited
Unaudited Financial Statements
For the period ended 31 December 2024
Pages for Filing with Registrar
Company Registration No. 14515856 (England and Wales)
Eightspace Group Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 4
Eightspace Group Limited
Balance Sheet
As at 31 December 2024
Page 1
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
3
100
Current assets
Debtors
5
300
300
Net current assets
300
300
Net assets
400
300
Capital and reserves
Called up share capital
6
400
300
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial period ended 31 December 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 26 August 2025 and are signed on its behalf by:
D Stanley
Director
Company Registration No. 14515856
Eightspace Group Limited
Notes to the Financial Statements
For the period ended 31 December 2024
Page 2
1
Accounting policies
Company information
Eightspace Group Limited is a private company limited by shares incorporated in England and Wales. The registered office is Enterprise House Tinsley Lane North, Manor Royal Industrial Estate, Crawley, West Sussex, England, RH10 9TP.
1.1
Reporting period
The company has extended its year end to 31 December and as such these accounts are presented for a period of more than a year, albeit the company remained dormant in both accounting periods.
1.2
Accounting convention
These financial statements have been prepared in accordance with Section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.3
Profit and loss account
The company has not traded during the period or the preceding financial period. During this time, the company received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.
1.4
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.
Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.
1.5
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.6
Financial instruments
The company only has basic financial instruments, measured at amortised cost.
Eightspace Group Limited
Notes to the Financial Statements (Continued)
For the period ended 31 December 2024
1
Accounting policies
(Continued)
Page 3
1.7
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
2
Employees
The average monthly number of persons (including directors) employed by the company during the period was:
2024
2023
Number
Number
Total
3
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
100
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 1 December 2023
-
Additions
100
At 31 December 2024
100
Carrying amount
At 31 December 2024
100
At 30 November 2023
-
4
Subsidiaries
Details of the company's subsidiaries at 31 December 2024 are as follows:
Name of undertaking
Registered office
Nature of business
Class of
% Held
shares held
Direct
Pinnacle Furniture Limited
United Kingdom
Other construction installation
Ordinary
100.00
Eightspace Group Limited
Notes to the Financial Statements (Continued)
For the period ended 31 December 2024
4
Subsidiaries
(Continued)
Page 4
The aggregate capital and reserves and the result for the year of the subsidiaries noted above was as follows:
Name of undertaking
Capital and Reserves
Profit/(Loss)
£
£
Pinnacle Furniture Limited
2,189,625
493,203
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
300
300
6
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
400
300
400
300
On 12 December 2024 the company completed a share-for-share exchange for the £100 ordinary share capital of Pinnacle Furniture Limited. The shares were purchased at par value.