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Registered number: 10930355

Space (Worcester SA1) Ltd

ACCOUNTS

FOR THE YEAR ENDED 31/12/2024

Prepared By:

Space (Worcester SA1) Ltd

ACCOUNTS

FOR THE YEAR ENDED 31/12/2024

DIRECTORS

Michael Dwan

Timothy Edghill

Steven Hollis

REGISTERED OFFICE

Building 1000 Kings Reach

Yew Street

Stockport

SK4 2HG

COMPANY DETAILS

Private company limited by shares registered in EW - England and Wales, registered number 10930355

ACCOUNTANTS

Space (Worcester SA1) Ltd

ACCOUNTS
FOR THEYEARENDED31/12/2024
CONTENTS
		Page
Directors' Report		-
Statement Of Comprehensive Income		-
Balance Sheet		3
Notes To The Accounts		4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account		-
Profit And Loss Account Summaries		-

Space (Worcester SA1) Ltd

BALANCE SHEET AT 31/12/2024
						2024				2023
		Notes				£				£
FIXED ASSETS
Tangible assets		3				13,000,000				13,200,000
CURRENT ASSETS
Debtors		5		114,562				130,727
Cash at bank and in hand				331,898				298,428
				446,460				429,155
CREDITORS: Amounts falling due within one year		6		209,665				11,197,738
NET CURRENT ASSETS / (LIABILITIES)						236,795				(10,768,583)
TOTAL ASSETS LESS CURRENT LIABILITIES						13,236,795				2,431,417
CREDITORS: Amounts falling due after more than one year		7				12,842,793				2,248,498
NET ASSETS						394,002				182,919
CAPITAL AND RESERVES
Called up share capital		8				1				1
Revaluation reserve		1c,9				2,320,204				2,060,531
Profit and loss account						(1,926,203)				(1,877,613)
SHAREHOLDERS' FUNDS						394,002				182,919
For the year ending 31/12/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 24/09/2025 and signed on their behalf by
.............................
Michael Dwan
Director

Space (Worcester SA1) Ltd

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31/12/2024

1. ACCOUNTING POLICIES

1a. Basis Of Accounting

The accounts have been prepared under the historical cost convention.

The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .

1b. Investment Properties

Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view.

1c. Revaluation Reserve

Surpluses or deficits arising on the revaluation of individual fixed assets other than investment properties are credited or debited to a non-distributible reserve known as the revaluation reserve (see also note 9).

Revaluation deficits in excess of the amount of prior revaluation surpluses on the same asset are charged to the profit and loss account.

2. EMPLOYEES
				2024		2023
				No.		No.
Average number of employees				-		-

3. TANGIBLE FIXED ASSETS

Cost

At 31/12/2024

Depreciation

At 31/12/2024

Net Book Amounts

At 31/12/2024

Space (Worcester SA1) Ltd

4. INVESTMENT PROPERTIES
		Investment
		Properties		Total
		£		£
Fair value
At 01/01/2024		13,200,000		13,200,000
Revaluation		(200,000)		(200,000)
At 31/12/2024		13,000,000		13,000,000

5. DEBTORS				2024		2023
				£		£
Amounts falling due within one year
VAT				-		175
Other debtors				53,083		106,289
Prepayments				61,479		24,263
				114,562		130,727

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
				2024		2023
				£		£
Bank Loan				-		11,023,551
Trade creditors				25,448		108,988
Accruals				184,217		65,199
				209,665		11,197,738

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
				2024		2023
				£		£
Other creditors > 1yr				-		2,248,498
Due to group companies >1yr				12,842,793		-
				12,842,793		2,248,498

Space (Worcester SA1) Ltd

8. SHARE CAPITAL				2024		2023
				£		£
Allotted, issued and fully paid:
1 Ordinary shares of £1 each				1		1
				1		1

9. REVALUATION RESERVE				2024		2023
				£		£
Revaluation reserve				2,320,204		2,060,531
				2,320,204		2,060,531