Amazing Space (South East) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 08884819 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

FOR

AMAZING SPACE (SOUTH EAST) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

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

FIXED ASSETS

Investment property

4

425,000

CURRENT ASSETS

Debtors

5

38,027

38,015

Cash at bank

90,517

78,225

128,544

116,240

CREDITORS

Amounts falling due within one year

6

4,059

4,906

NET CURRENT ASSETS

124,485

111,334

TOTAL ASSETS LESS CURRENT LIABILITIES

549,485

536,334

PROVISIONS FOR LIABILITIES

17,508

NET ASSETS

531,977

518,826

CAPITAL AND RESERVES

Called up share capital

4

Fair value reserve

7

52,524

Retained earnings

479,449

466,298

531,977

518,826

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 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 1 September 2025 and were signed by:

J H Pescod - Director

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 year 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 year was NIL (2024 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 June 2024

and 31 May 2025

425,000

NET BOOK VALUE

At 31 May 2025

425,000

At 31 May 2024

425,000

Fair value at 31 May 2025 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:

2025

2024

£

Cost

354,968

Investment property was valued on an open market basis on 31 May 2025 by the director. .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Amounts owed by group undertakings

37,866

Prepayments and accrued income

161

149

38,027

38,015

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Tax

2,829

4,006

Accrued expenses

1,230

900

4,059

4,906

7.

RESERVES

Fair

value

reserve

£

At 1 June 2024

and 31 May 2025

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.

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.