ACCOUNTS - Final Accounts

Operating profit

The operating profit is stated after charging:

15 months ended

31 December

12 months ended

30 September

Registered number: 12487403

STREETSPACE HOLDINGS LIMITED

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

STREETSPACE HOLDINGS LIMITED

COMPANY INFORMATION

Directors	Roy Deacon
	Deborah Deacon
	Nigel James Deacon
	Naomi Deacon
	Timothy Charles Deacon
	Suzanne Deacon


Company secretary	A M Deacon


Registered number	12487403


Registered office	Unit P Lympne Industrial Park
	Otterpool Lane
	Lympne
	Hythe
	Kent
	CT21 4LR


Independent auditors	Barnes Roffe Audit Limited
	Chartered Accountants & Statutory Auditor
	Charles Lake House
	Claire Causeway
	Crossways Business Park
	Dartford
	Kent
	DA2 6QA

STREETSPACE HOLDINGS LIMITED

CONTENTS

	Page
Group Strategic Report	1 - 2
Directors' Report	3 - 4
Independent Auditors' Report	5 - 8
Consolidated Statement of Comprehensive Income	9
Consolidated Balance Sheet	10 - 11
Company Balance Sheet	12
Consolidated Statement of Changes in Equity	13
Company Statement of Changes in Equity	14
Consolidated Statement of Cash Flows	15 - 16
Notes to the Financial Statements	17 - 38

STREETSPACE HOLDINGS LIMITED

GROUP STRATEGIC REPORT

FOR THE PERIOD ENDED 31 DECEMBER 2024

Introduction

The directors present their strategic report for the 15 months ended 31 December 2024.

Business review

Streetspace Holdings Limited is a holding company for its trading subsidiary, Streetspace Limited.

Streetspace Limited is a UK designer, manufacturer and installer of covered space structures and urban streetscene products. The three brands, Streetspace Structures, metroSTOR and urbanspec, serve specific industry sectors with the same end-to-end consultancy, design and project management approach.

Within education and leisure, Streetspace Structures create permanent, all-weather sport, learning and social environments. MetroSTOR products support safer neighbourhoods and a cleaner world with external storage systems for bins, cycles and mobility scooters that promote recycling and safe green travel initiatives. Urbanspec is our external works brand, providing easy to specify external storage systems, bike parking and street furniture to the construction sector and to specifiers.

The group had a strong period of trade in the 15 months ended 31 December 2024, as illustrated in the ‘Financial key performance indicators’ section. We saw an increase in demand with both our Streetspace Structures and metroSTOR trading brands, which has attributed to the growth in annualised turnover compared with the previous period. Demand for our Urbanspec brand remained comparable with the prior period.

Research and development

The group continues to invest in R&D, both improving and enhancing existing products as well as listening to the evolving needs of our customers and providing innovative solutions to meet them.

Future developments in the business
We expect to continue strengthening the Streetspace brands via organic growth in the UK, as well as actively developing the metroSTOR brand in key US markets. The group is positioned well in the industry and expects the business to remain resilient in the current period.

Principal risks and uncertainties

The group recognises a number of principal risks and uncertainties, and has developed risk mitigation strategies in response to these strategic, operational and financial risks.

Construction Industry Bias

To avoid the risks of over reliance on the volatile and price sensitive construction market, we continue to diversify and target a wide customer base.

Market Volatility

In order to maintain margin and competitiveness, close attention is paid to liquidity, currency, raw material inflationary pressures and increasing costs.

Competitor Activity

Whilst there is competition in all market sectors, we believe that demand is increasing in certain areas and the continued focus on product development, value and customer service will ensure we continue to get a share.

Page 1

STREETSPACE HOLDINGS LIMITED

GROUP STRATEGIC REPORT (CONTINUED)

FOR THE PERIOD ENDED 31 DECEMBER 2024

Financial key performance indicators

15 months 12 months

to 31 December to 30 September

2024 2023

Turnover £23,760k £18,008k

Gross margin 33.6% 39.1%

Trade debtors £1,700k £1,844k

Trade creditors £1,227k £1,658k

Total stocks £2,754k £3,485k

This report was approved by the board on 15 September 2025 and signed on its behalf.

Roy Deacon

Director

Page 2

STREETSPACE HOLDINGS LIMITED

DIRECTORS' REPORT

FOR THE PERIOD ENDED 31 DECEMBER 2024

The directors present their report and the financial statements for the period ended 31 December 2024.

Directors' responsibilities statement

The directors are responsible for preparing the Group Strategic Report, the Directors' Report and the consolidated financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period.

In preparing these financial statements, the directors are required to:

∙select suitable accounting policies for the group's financial statements and then apply them consistently;

∙make judgments and accounting estimates that are reasonable and prudent;

∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the group will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Results and dividends

The profit for the period, after taxation, amounted to £979,570 (2023 - £1,385,234).

Dividends totalling £701,067 have been proposed and paid during the period (2023: £557,832).

Directors

The directors who served during the period were:

Roy Deacon

Deborah Deacon

Nigel James Deacon

Naomi Deacon

Timothy Charles Deacon

Suzanne Deacon

Future developments

We confirm there have been no subsequent events that would materially affect the financial statements and that in this financial period the group has continued to grow and to trade profitably. We are aware that any plans for the future development of the business may be subject to unforeseen future events outside our control.

Page 3

STREETSPACE HOLDINGS LIMITED

DIRECTORS' REPORT (CONTINUED)

FOR THE PERIOD ENDED 31 DECEMBER 2024

Disclosure of information to auditors

Each of the persons who are directors at the time when this Directors' Report is approved has confirmed that:

∙so far as the director is aware, there is no relevant audit information of which the company and the group's auditors are unaware, and

∙the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the company and the group's auditors are aware of that information.

Post balance sheet events

There have been no significant events affecting the group since the year end.

Auditors

After the year end Barnes Roffe LLP resigned as auditors due to the transfer of its audit business and its successor Barnes Roffe Audit Limited was appointed by the directors under s485 Companies Act 2006.

This report was approved by the board and signed on its behalf.

Roy Deacon

Director

Date: 15 September 2025

Page 4

STREETSPACE HOLDINGS LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF STREETSPACE HOLDINGS LIMITED

Opinion

We have audited the financial statements of Streetspace Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the period ended 31 December 2024, which comprise the Consolidated Statement of Comprehensive Income, the Consolidated Balance Sheet, the Company Balance Sheet, the Consolidated Statement of Cash Flows, the Consolidated Statement of Changes in Equity, the Company Statement of Changes in Equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

∙give a true and fair view of the state of the group's and of the parent company's affairs as at 31 December 2024 and of the group's profit for the period then ended;

∙have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

∙have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's or the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Page 5

STREETSPACE HOLDINGS LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF STREETSPACE HOLDINGS LIMITED (CONTINUED)

Other information

The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

∙the information given in the Group Strategic Report and the Directors' Report for the financial period for which the financial statements are prepared is consistent with the financial statements; and

∙the Group Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Directors' Report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

∙adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

∙the parent company financial statements are not in agreement with the accounting records and returns; or

∙certain disclosures of directors' remuneration specified by law are not made; or

∙we have not received all the information and explanations we require for our audit.

Page 6

STREETSPACE HOLDINGS LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF STREETSPACE HOLDINGS LIMITED (CONTINUED)

Responsibilities of directors

As explained more fully in the Directors' Responsibilities Statement set out on page 3, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Group financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

•The engagement partner ensured that the engagement team collectively had the appropriate

competence, capabilities and skills to identify or recognise non-compliance with applicable laws

and regulations;

•We identified the laws and regulations applicable to the group through discussion with directors and

other management, and from our commercial knowledge and experience of the engineering sector that

the group operates in;

•The specific laws and regulations which we considered may have a direct material effect on the financial

statements or the operations of the group, are as follows;

o Companies Act 2006.

o FRS102.

o ISO9001:2015.

o ISO 14001.

o EN10 90.

o Health and Safety legislation.

o Employment legislation.

o Tax legislation.

• We assessed the extent of compliance with the laws and regulations identified above through making

enquiries of management, reviewing board minutes and inspecting relevant correspondence;

• Laws and regulations were communicated within the audit team at the planning meeting, and during the

audit as any further laws and regulation were identified. The audit team remained alert to instances of

non-compliance throughout the audit; and

Page 7

STREETSPACE HOLDINGS LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF STREETSPACE HOLDINGS LIMITED (CONTINUED)

We assessed the susceptibility of the group’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur by:

•Making enquires of management as to where they consider there was susceptibility to fraud and their

knowledge of actual suspected and alleged fraud;

•Considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and

regulations;

•Reviewing the financial statements and testing the disclosures against supporting documentation;

•Performing analytical procedures to identify any unusual or unexpected trends or anomalies;

•Inspecting and testing journal entries to identify unusual or unexpected transactions;

•Assessing whether judgement and assumptions made in determining significant accounting estimates,

including the stage of completion of long term contracts, stock provisions, the useful economic life of

tangible fixed assets and useful economic life of intangible assets were indicative of management bias;

and,
• Investigating the rationale behind significant transactions, or transactions that are unusual or outside the

group’s usual course of business.

The areas that we identified as being susceptible to misstatement through fraud were:

•Management bias in the estimates and judgements made;

•Management override of controls; and

•Posting of unusual journals or transactions.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members, as a body, for our audit work, for this report, or for the opinions we have formed.

Mario Cientanni (Senior Statutory Auditor)

for and on behalf of

Barnes Roffe Audit Limited

Chartered Accountants

Statutory Auditor

Charles Lake House

Claire Causeway

Crossways Business Park

Dartford

Kent

DA2 6QA

Date: 26 September 2025

Page 8

STREETSPACE HOLDINGS LIMITED

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

FOR THE PERIOD ENDED 31 DECEMBER 2024

	15 months ended 31 December	12 months ended 30 September
	2024	2023
Note	£	£


Turnover	4	23,759,978	18,008,375
Cost of sales		(15,770,642)	(10,959,543)
Gross profit		7,989,336	7,048,832
Administrative expenses		(6,589,533)	(5,200,296)
Operating profit	5	1,399,803	1,848,536
Interest receivable and similar income	9	33,478	3,322
Interest payable and similar expenses	10	(123,363)	(77,127)
Profit before taxation		1,309,918	1,774,731
Tax on profit	11	(330,348)	(389,497)
Profit for the financial period		979,570	1,385,234

Profit for the period attributable to:
Owners of the parent company	979,570	1,385,234
	979,570	1,385,234

There were no recognised gains and losses for 2024 or 2023 other than those included in the consolidated statement of comprehensive income.

There was no other comprehensive income for 2024 (2023:£NIL).

The notes on pages 17 to 38 form part of these financial statements.

Page 9

STREETSPACE HOLDINGS LIMITED

REGISTERED NUMBER: 12487403

CONSOLIDATED BALANCE SHEET

AS AT 31 DECEMBER 2024

	31 December	30 September
	2024	2023
Note	£	£

Fixed assets
Intangible assets	13		1,420,659		1,763,826
Tangible assets	14		2,353,460		2,705,803
			3,774,119		4,469,629
Current assets
Stocks	17	2,753,534		3,484,702
Debtors: amounts falling due after more than one year	18	1,442,314		442,832
Debtors: amounts falling due within one year	18	2,256,404		2,295,681
Cash at bank and in hand	19	1,819,448		744,985
		8,271,700		6,968,200
Creditors: amounts falling due within one year	20	(4,031,786)		(3,564,865)
Net current assets			4,239,914		3,403,335
Total assets less current liabilities			8,014,033		7,872,964
Creditors: amounts falling due after more than one year	21		(1,404,562)		(1,533,060)
Provisions for liabilities
Deferred taxation	24	(259,760)		(299,445)
Other provisions	25	(244,801)		(214,052)
			(504,561)		(513,497)
Net assets			6,104,910		5,826,407

Capital and reserves
Called up share capital	26	2,580,020	2,580,020
Profit and loss account		3,524,890	3,246,387
		6,104,910	5,826,407

Page 10

STREETSPACE HOLDINGS LIMITED

REGISTERED NUMBER: 12487403

CONSOLIDATED BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2024

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

Roy Deacon	Timothy Charles Deacon
Director	Director

Date: 15 September 2025

The notes on pages 17 to 38 form part of these financial statements.

Page 11

STREETSPACE HOLDINGS LIMITED

REGISTERED NUMBER: 12487403

COMPANY BALANCE SHEET

AS AT 31 DECEMBER 2024

	31 December	30 September
	2024	2023
Note	£	£

Fixed assets
Investments	15		2,779,999		2,779,999
Investment property	16		735,000		735,000
			3,514,999		3,514,999
Current assets
Debtors: amounts falling due within one year	18	1,052,733		63,339
Cash at bank and in hand	19	1		5,489
		1,052,734		68,828
Creditors: amounts falling due within one year	20	(901,665)		(212,548)
Net current assets/(liabilities)			151,069		(143,720)
Total assets less current liabilities			3,666,068		3,371,279

Creditors: amounts falling due after more than one year	21		(953,248)		(702,182)

Net assets			2,712,820		2,669,097

Capital and reserves
Called up share capital	26	2,580,020	2,580,020
Profit and loss account		132,800	89,077
		2,712,820	2,669,097

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

Roy Deacon	Timothy Charles Deacon
Director	Director

Date: 15 September 2025

The notes on pages 17 to 38 form part of these financial statements.

Page 12

STREETSPACE HOLDINGS LIMITED

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

FOR THE PERIOD ENDED 31 DECEMBER 2024

	Called up share capital	Profit and loss account	Total equity
	£	£	£
At 1 October 2023	2,580,020	3,246,387	5,826,407

Profit for the period	-	979,570	979,570
Dividends	-	(701,067)	(701,067)
At 31 December 2024	2,580,020	3,524,890	6,104,910

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

FOR THE PERIOD ENDED 30 SEPTEMBER 2023

	Called up share capital	Profit and loss account	Total equity
	£	£	£
At 1 October 2022	2,780,020	2,418,985	5,199,005

Profit for the year	-	1,385,234	1,385,234
Dividends	-	(557,832)	(557,832)
Shares redeemed during the year	(200,000)	-	(200,000)
At 30 September 2023	2,580,020	3,246,387	5,826,407

The notes on pages 17 to 38 form part of these financial statements.

Page 13

STREETSPACE HOLDINGS LIMITED

COMPANY STATEMENT OF CHANGES IN EQUITY

FOR THE PERIOD ENDED 31 DECEMBER 2024

	Called up share capital	Profit and loss account	Total equity
	£	£	£
At 1 October 2023	2,580,020	89,077	2,669,097

Profit for the period	-	744,790	744,790
Dividends	-	(701,067)	(701,067)
At 31 December 2024	2,580,020	132,800	2,712,820

COMPANY STATEMENT OF CHANGES IN EQUITY

FOR THE PERIOD ENDED 30 SEPTEMBER 2023

	Called up share capital	Profit and loss account	Total equity
	£	£	£
At 1 October 2022	2,780,020	415	2,780,435

Profit for the year	-	646,494	646,494
Dividends	-	(557,832)	(557,832)
Shares redeemed during the year	(200,000)	-	(200,000)
At 30 September 2023	2,580,020	89,077	2,669,097

The notes on pages 17 to 38 form part of these financial statements.

Page 14

STREETSPACE HOLDINGS LIMITED

CONSOLIDATED STATEMENT OF CASH FLOWS

FOR THE PERIOD ENDED 31 DECEMBER 2024

			15 months ended 31 December	12 months ended 30 September
			2024	2023
			£	£

Cash flows from operating activities
Profit for the financial period	979,570	1,385,234
Adjustments for:
Amortisation of intangible assets	344,324	275,459
Depreciation of tangible assets	440,806	332,894
Loss/(profit) on disposal of tangible assets	41,655	7,849
Interest paid	123,363	77,127
Interest received	(33,478)	(3,322)
Taxation charge	330,348	389,497
Decrease/(increase) in stocks	731,168	(1,049,294)
(Increase)/decrease in debtors	(960,205)	111,916
Increase/(decrease) in creditors	500,523	(226,972)
Increase in provisions	30,749	63,302
Impairment of tangible fixed assets	-	169,505
Corporation tax paid	(456,169)	(299,594)
Net cash generated from operating activities	2,072,654	1,233,601

Cash flows from investing activities
Purchase of intangible fixed assets	(1,157)	(8,426)
Purchase of tangible fixed assets	(295,622)	(960,175)
Sale of tangible fixed assets	165,504	50,077
Interest received	33,478	3,322
HP interest paid	(60,554)	(31,633)
Net cash from investing activities	(158,351)	(946,835)

Page 15

STREETSPACE HOLDINGS LIMITED

CONSOLIDATED STATEMENT OF CASH FLOWS (CONTINUED)

FOR THE PERIOD ENDED 31 DECEMBER 2024

		15 months ended 31 December	12 months ended 30 September
		2024	2023
		£	£

Cash flows from financing activities
Redemption of redeemable shares	-	(200,000)
New secured loans	-	155,000
Repayment of loans	(75,983)	(9,456)
New finance leases	-	335,185
Dividends paid	(701,067)	(557,832)
Interest paid	(62,809)	(45,494)
Net cash used in financing activities	(839,859)	(322,597)
Net increase/(decrease) in cash and cash equivalents	1,074,444	(35,831)
Cash and cash equivalents at beginning of period	744,985	780,816
Cash and cash equivalents at the end of period	1,819,429	744,985

Cash and cash equivalents at the end of period comprise:
Cash at bank and in hand	1,819,448	744,985
Bank overdrafts	(19)	-
	1,819,429	744,985

The notes on pages 17 to 38 form part of these financial statements.

Page 16

STREETSPACE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

1.	General information

Streetspace Holdings Limited is a private company limited by shares and incorporated in England and Wales. The registered office is at Unit P Lympne Industrial Park, Otterpool Lane, Lympne, Hythe, Kent, CT21 4LR. The principal activity of the company during the period has been that of a holding and property rental company. The principal activity of the group continued to be that of the manufacture and installation of landscape architectural equipment & supplies.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires group management to exercise judgment in applying the group's accounting policies (see note 3).

The company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of Comprehensive Income in these financial statements.

The following principal accounting policies have been applied:

2.2

Basis of consolidation

The consolidated financial statements present the results of the company and its own subsidiaries ("the group") as if they form a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full.
The consolidated financial statements incorporate the results of business combinations using the purchase method. In the Balance Sheet, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the Consolidated Statement of Comprehensive Income from the date on which control is obtained. They are deconsolidated from the date control ceases.

Page 17

STREETSPACE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.3

Foreign currency translation

Functional and presentation currency

The group's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Consolidated Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the group and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the group will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

Page 18

STREETSPACE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.5

Operating leases: the group as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

2.6

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.7

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.8

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

2.9

Pensions

Defined contribution pension plan

The group operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the group pays fixed contributions into a separate entity. Once the contributions have been paid the group has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the group in independently administered funds.

Page 19

STREETSPACE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.10

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company and the group operate and generate income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits;

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met; and

∙Where they relate to timing differences in respect of interests in subsidiaries, associates, branches and joint ventures and the group can control the reversal of the timing differences and such reversal is not considered probable in the foreseeable future.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

2.11

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of the group's share of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Consolidated Statement of Comprehensive Income over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 20

STREETSPACE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.12

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Investment property rented to other group entities and accounted for under the cost model is stated at historical cost less accumulated depreciation and any accumulated impairment losses.

At each reporting date the group assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the following bases:

Freehold property	-		50 years straight line
Plant and machinery	-	25%	reducing balance and 15 years straight line
Motor vehicles	-	25%	reducing balance
Office equipment	-	25%	reducing balance
Other fixed assets	-	33%	straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.13

Investment property

Investment property is carried at fair value determined annually, either by external valuers or the directors, and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

2.14

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 21

STREETSPACE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.15

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of recent purchase orders and invoices. Work in progress and finished goods include labour and attributable overheads.
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.16

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.17

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

In the Consolidated Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the group's cash management.

2.18

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.19

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

Page 22

STREETSPACE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.20

Financial instruments

The group has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the group's Balance Sheet when the group becomes party to the contractual provisions of the instrument.

2.21

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

3.	Judgments in applying accounting policies and key sources of estimation uncertainty

Key accounting estimates and assumptions
In the application of the group's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period. If the revision affects both current and future periods then the revision is recognised in the current and future periods.
Critical judgements in applying the group's accounting policies:
Provisions
The group has recognised provisions for dilapidations in its financial statements which requires management to make judgements about the likely residual costs to be incurred upon exiting current property leases.
Long term contracts
The group accounts for turnover on long term contracts on a basis estimated and judged to be appropriate to the stage of completion and when the outcome of the contract can be assessed with reasonable certainty.
Debtor recoverability
The company has made significant judgements relating to the recoverability of amounts due from a connected company of £1,442,314 (2023: £442,832). The balance is reviewed annually for indications of impairment.

Page 23

STREETSPACE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

Turnover

The whole of the turnover is attributable to the group's principal activity.

All turnover arose within the United Kingdom.

Exchange differences	(4,149)	1,888
Other operating lease rentals	108,265	61,469
Depreciation	440,806	332,894
Amortisation	344,324	275,459

Fees payable to the company's auditors for the audit of the consolidated and parent company's financial statements

20,020

18,975

Page 24

STREETSPACE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

7.	Employees
	Staff costs, including directors' remuneration, were as follows:

		Group 31 December	Group 30 September
		2024	2023
		£	£


Wages and salaries	5,120,232	4,924,345
Social security costs	604,632	30,195
Cost of defined contribution scheme	87,948	82,467
	5,812,812	5,037,007

The average monthly number of employees, including the directors, during the period was as follows:

	Group	Group	Company	Company
	15 months ended 31 December	12 months ended 30 September	15 months ended 31 December	12 months ended 30 September
	2024	2023	2024	2023
	No.	No.	No.	No.

Directors and company secretary	7	7	7	7
Staff	93	103	-	-

	100	110	7	7

8.	Directors' remuneration

During the period retirement benefits were accruing to no directors (2023 - 7) in respect of defined contribution pension schemes.

Page 25

STREETSPACE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

	Other interest receivable	33,478	3,322
		33,478	3,322

Bank interest payable	48,801	40,023
Finance leases and hire purchase contracts	60,554	31,633
Other interest payable	14,008	5,471
	123,363	77,127

Page 26

STREETSPACE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

Corporation tax
Current tax on profits for the year	461,222	373,218
Adjustments in respect of previous periods	(91,189)	(84,257)

Total current tax	370,033	288,961

	Deferred tax
	Origination and reversal of timing differences	(39,685)	100,536


	Tax on profit	330,348	389,497

Page 27

STREETSPACE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

11.Taxation (continued)

Profit on ordinary activities before tax

1,309,918

1,940,215

Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 19% (2023 - 19%)	334,708	431,576
Effects of:
Non-tax deductible amortisation of goodwill and impairment	80,485	69,963
Expenses not deductible for tax purposes, other than goodwill amortisation and impairment	5,146	15,710
Capital allowances for period/year in less than/(excess of) depreciation	35,338	(133,504)
Loss/(profit) on disposal of fixed assets	6,016	(996)
Adjustments to tax charge in respect of prior periods	(91,189)	(84,257)
Short-term timing difference leading to an increase (decrease) in taxation	(471)	304
Tax losses utilised	-	(9,835)
Deferred tax movement	(39,685)	100,536
Total tax charge for the period/year	330,348	389,497

Factors that may affect future tax charges

There were no factors that may affect future tax charges.

Page 28

STREETSPACE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

	Dividends paid	701,067	557,832
		701,067	557,832

	Patents	Goodwill	Total
	£	£	£
Cost
At 1 October 2023	8,426	2,754,589	2,763,015
Additions	1,157	-	1,157
At 31 December 2024	9,583	2,754,589	2,764,172
Amortisation
At 1 October 2023	-	999,189	999,189
Charge for the period on owned assets	-	344,324	344,324
At 31 December 2024	-	1,343,513	1,343,513
Net book value
At 31 December 2024	9,583	1,411,076	1,420,659
At 30 September 2023	8,426	1,755,400	1,763,826

Page 29

STREETSPACE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

14.	Tangible fixed assets
	Group

	Freehold property	Plant and machinery	Motor vehicles	Office equipment	Computer equipment	Total
	£	£	£	£	£	£
Cost or valuation
At 1 October 2023	735,000	1,596,083	740,435	163,192	260,442	3,495,152
Additions	-	43,025	187,743	14,834	50,020	295,622
Disposals	-	(48,754)	(323,697)	-	(41,526)	(413,977)
At 31 December 2024	735,000	1,590,354	604,481	178,026	268,936	3,376,797
Depreciation
At 1 October 2023	15,000	344,252	271,484	68,666	89,947	789,349
Charge for the period on owned assets	18,750	85,228	528	25,389	44,851	174,746
Charge for the period on financed assets	-	89,487	169,868	6,705	-	266,060
Disposals	-	(12,602)	(183,242)	-	(10,974)	(206,818)
At 31 December 2024	33,750	506,365	258,638	100,760	123,824	1,023,337
Net book value
At 31 December 2024	701,250	1,083,989	345,843	77,266	145,112	2,353,460
At 30 September 2023	720,000	1,251,831	468,951	94,526	170,495	2,705,803

Page 30

STREETSPACE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

14.Tangible fixed assets (continued)


Plant and machinery	461,358	551,877
Motor vehicles	344,442	468,951
Furniture, fittings and equipment	14,764	21,469
	820,564	1,042,297

15.	Fixed asset investments

	Company

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 October 2023	2,779,999
	At 31 December 2024	2,779,999

Subsidiary undertaking
The following was a subsidiary undertaking of the company:
Name	Registered office	Class of shares	Holding

Streetspace Limited

Unit P Lympne Industrial Partk, Otterpool Lane, Kent, CT21 4LR

Ordinary, A, B, C, D, E, F, G, H, Ordinary 1

100%

Page 31

STREETSPACE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

16.	Investment property

	Company

		Freehold investment property
		£
	Valuation
	At 1 October 2023	735,000
	At 31 December 2024	735,000

Historic cost

922,964

17.	Stocks
		Group 31 December	Group 30 September
		2024	2023
		£	£

Raw materials and consumables	1,190,880	1,345,420
Work in progress (goods to be sold)	1,562,654	2,139,282
	2,753,534	3,484,702

Page 32

STREETSPACE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

18.	Debtors
		Group 31 December	Group 30 September	Company 31 December	Company 30 September
		2024	2023	2024	2023
		£	£	£	£

Due after more than one year
Other debtors	1,442,314	442,832	-	-
	1,442,314	442,832	-	-

Group 31 December	Group 30 September	Company 31 December	Company 30 September
2024	2023	2024	2023
£	£	£	£

Due within one year
Trade debtors	1,700,147	1,844,193	-	-
Amounts owed by group undertakings	-	-	946,147	-
Other debtors	216,756	126,045	59,595	16,328
Called up share capital not paid	-	20	-	20
Prepayments and accrued income	339,501	325,423	-	-
Deferred taxation	-	-	46,991	46,991
	2,256,404	2,295,681	1,052,733	63,339

19.	Cash and cash equivalents
		Group 31 December	Group 30 September	Company 31 December	Company 30 September
		2024	2023	2024	2023
		£	£	£	£

Cash at bank and in hand	1,819,448	744,985	1	5,489
Less: bank overdrafts	(19)	-	(19)	-
	1,819,429	744,985	(18)	5,489

Page 33

STREETSPACE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

20.	Creditors: Amounts falling due within one year
		Group 31 December	Group 30 September	Company 31 December	Company 30 September
		2024	2023	2024	2023
		£	£	£	£

Bank overdrafts	19	-	19	-
Bank loans	35,333	35,333	35,333	35,333
Trade creditors	1,227,711	1,657,948	-	-
Amounts owed to group undertakings	-	-	-	34,745
Corporation tax	294,360	367,951	11,409	6,169
Other taxation and social security	514,200	215,120	-	4,050
Obligations under finance lease and hire purchase contracts	357,811	440,155	-	-
Other creditors	910,938	183,279	854,904	131,032
Accruals and deferred income	691,414	665,079	-	1,219
	4,031,786	3,564,865	901,665	212,548

21.	Creditors: Amounts falling due after more than one year
		Group 31 December	Group 30 September	Company 31 December	Company 30 September
		2024	2023	2024	2023
		£	£	£	£

Bank loans	444,129	470,628	444,129	470,628
Net obligations under finance leases and hire purchase contracts	451,314	830,878	-	-
Other creditors	509,119	231,554	509,119	231,554
	1,404,562	1,533,060	953,248	702,182

Obligations under hire purchase contracts are secured against the assets to which they relate.
Bank loans due within and after one year amounting to £479,462 (30 September 2023: £505,961) are secured against the freehold property owned by the group.

Page 34

STREETSPACE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

22.	Loans
	Analysis of the maturity of loans is given below:
		Group 31 December	Group 30 September	Company 31 December	Company 30 September
		2024	2023	2024	2023
		£	£	£	£

Amounts falling due within one year
Bank loans	35,333	35,333	35,333	35,333
Amounts falling due 1-2 years
Bank loans	35,333	35,333	35,333	35,333
Amounts falling due 2-5 years
Bank loans	106,000	106,000	106,000	106,000
Amounts falling due after more than 5 years
Bank loans	302,796	329,295	302,796	329,295
	479,462	505,961	479,462	505,961

23.	Hire purchase and finance leases
	Minimum lease payments under hire purchase fall due as follows:
		Group 31 December	Group 30 September
		2024	2023
		£	£

Within one year	357,811	440,155
Between 1-5 years	451,314	830,878
	809,125	1,271,033

Page 35

STREETSPACE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

24.	Deferred taxation
	Group

	2024	2023
	£	£

At beginning of year	(299,445)	(198,909)
Charged to profit or loss	39,685	(100,536)
At end of year	(259,760)	(299,445)

Company

	2024	2023
	£	£

At beginning of year	46,991	-
Charged to profit or loss	-	46,991
At end of year	46,991	46,991

The provision for deferred taxation is made up as follows:
	Group 31 December	Group 30 September	Company 31 December	Company 30 September
	2024	2023	2024	2023
	£	£	£	£

	Accelerated capital allowances	259,760	299,445	(46,991)	(46,991)
		259,760	299,445	(46,991)	(46,991)

Page 36

STREETSPACE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

25.	Provisions
	Group

		Dilapidations provision
		£

	At 1 October 2023	214,052
	Charged to profit or loss	30,749
	At 31 December 2024	244,801

Allotted, called up and fully paid

333,600 (2023 -333,600) A shares of £1.00 each	333,600	333,600
333,600 (2023 -333,600) B shares of £1.00 each	333,600	333,600
333,600 (2023 - 333,600) C shares of £1.00 each	333,600	333,600
333,600 (2023 - 333,600) D shares of £1.00 each	333,600	333,600
333,600 (2023 - 333,600) E shares of £1.00 each	333,600	333,600
333,600 (2023 -333,600) F shares of £1.00 each	333,600	333,600
55,600 (2023 -55,600) G shares of £1.00 each	55,600	55,600
55,600 (2023 -55,600) H shares of £1.00 each	55,600	55,600
356,000 (2023 -356,000) Redeemable shares of £1.00 each	356,000	356,000
111,200 (2023 -111,200) S1 - S4 shares of £1.00 each	111,200	111,200
20 (2023 -20) W1 - W20 shares of £1.00 each	20	20

	2,580,020	2,580,020

27.	Pension commitments

The group operates a defined contribution pension scheme. During the period contributions of £87,948 (12 months to 30 September 2023: £82,467) were charged to the profit and loss account. There was £9,177 (30 September 2023: £14,198) outstanding at the end of the year in respect of contributions payable.

Page 37

STREETSPACE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

28.	Commitments under operating leases
	At 31 December 2024 the group and the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
		Group 31 December	Group 30 September
		2024	2023
		£	£

Land and buildings
Not later than 1 year	162,423	121,139
Later than 1 year and not later than 5 years	185,919	141,848
	348,342	262,987

		Group 31 December	Group 30 September
		2024	2023
		£	£

Other
Not later than 1 year	146,612	116,906
Later than 1 year and not later than 5 years	213,041	-
	359,653	116,906

29.	Transactions with directors

Included within other creditors due within one year are amounts owed to the directors amounting to £852,779 (2023: £128,907).
Included within other debtors due within one year are amounts owed to the company by the directors amounting to £54,617 (30 September 2023: £16,328)

30.	Related party transactions
	At the year end, an amount of £1,442,314 (2023: £442,832) is due from Metrostor Inc, a company under common control and is included within other debtors due after more than one year. In addition, the group made purchases of £Nil (12 months ended 30 September 2023: £6,539) from Metrostor Inc.

31.	Controlling party

There is no one ultimate controlling party.

Page 38