Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-31 2025-03-31 2024-04-01 false No description of principal activity 2 2 true true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08091181 2024-04-01 2025-03-31 08091181 2023-04-01 2024-03-31 08091181 2025-03-31 08091181 2024-03-31 08091181 c:Director1 2024-04-01 2025-03-31 08091181 d:MotorVehicles 2024-04-01 2025-03-31 08091181 d:MotorVehicles 2025-03-31 08091181 d:MotorVehicles 2024-03-31 08091181 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 08091181 d:CurrentFinancialInstruments 2025-03-31 08091181 d:CurrentFinancialInstruments 2024-03-31 08091181 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 08091181 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 08091181 d:ShareCapital 2025-03-31 08091181 d:ShareCapital 2024-03-31 08091181 d:RetainedEarningsAccumulatedLosses 2025-03-31 08091181 d:RetainedEarningsAccumulatedLosses 2024-03-31 08091181 c:FRS102 2024-04-01 2025-03-31 08091181 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 08091181 c:FullAccounts 2024-04-01 2025-03-31 08091181 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 08091181 2 2024-04-01 2025-03-31 08091181 7 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: 08091181 MORESPACE BASEMENTS LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 MARCH 2025
MORESPACE BASEMENTS LIMITED REGISTERED NUMBER: 08091181 STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 5 |  | 944 |  | 1,259
|  |  | 944 |  | 1,259
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 6 | 226,911 |  | 204,802 |
Cash at bank and in hand |  | 2,273 |  | 24,250 |
|  | 229,184 |  | 229,052 |
Creditors: amounts falling due within one year | 7 | (212,310) |  | (210,010) |
Net current assets |  |  | 16,874 |  | 19,042
Total assets less current liabilities |  |  | 17,818 |  | 20,301
Net assets |  |  | 17,818 |  | 20,301
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 200 |  | 200
Profit and loss account |  |  | 17,618 |  | 20,101
|  |  | 17,818 |  | 20,301
The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. 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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 21 October 2025.
A Newman
Director
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MORESPACE BASEMENTS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. | General information
Morespace Basements Limited is a private company limited by shares, incorporated in England and Wales. The address of its registered office is 124 Finchley Road, London, NW3 5JS. The address of the principal place of business is 112 Gunnersbury Avenue, Ealing, London, W5 4HB. 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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
| 2.2 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company 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. Architectural and project management services The company provides architectural and project management services for basement conversions and extensions to residential property. Revenue is recognised at the point at which the Company receives the consideration due under the contract. At the reporting date, revenue is accrued for works completed but not yet invoiced.
| 2.3 | 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. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives. Depreciation is provided on the following basis:
|  |  |  | Motor vehicles | - | 25% reducing balance
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 the Statement of Income and Retained Earnings.
| 2.4 | Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to and from related parties. Page 2
MORESPACE BASEMENTS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.5 | Pensions
Defined contribution pension plan The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company 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 statement of financial position. The assets of the plan are held separately from the company in independently administered funds.
| 2.6 | Holiday pay accrual
A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the reporting date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the reporting date.
| 2.7 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.8 | Taxation
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 reporting date in the countries where the company operates and generates income.
3. | Judgments in applying accounting policies and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the reporting date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. Tangible assets Tangible assets are depreciated over their useful lives taking into account residual values where appropriate. The actual lives of assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing the assets' lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Accruals The company makes an estimate of accruals at the year end based on invoices received after the year end and work undertaken which has not been invoiced based on quotations or estimates of amounts that may be due for payment. Page 3
MORESPACE BASEMENTS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
4. | Employees
| The average monthly number of employees, including directors, during the year was 2 (2024 - 2).
5. | Tangible fixed assets
|  | Motor vehicles
|  | £
| Cost or valuation |
| At 1 April 2024 | 29,850
| At 31 March 2025 | 29,850
| Depreciation |
| At 1 April 2024 | 28,591
| Charge for the year on owned assets | 315
| At 31 March 2025 | 28,906
| Net book value |
| At 31 March 2025 | 944
| At 31 March 2024 | 1,259
6. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other debtors | 93,911 | 71,461
| Prepayments and accrued income | 133,000 | 133,341
|  | 226,911 | 204,802
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MORESPACE BASEMENTS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | - | 3,300
| Corporation tax | 70 | 70
| Other creditors | 209,640 | 203,040
| Accruals and deferred income | 2,600 | 3,600
|  | 212,310 | 210,010
8. | Related party transactions
| At the reporting date the company was owed £93,711 (2024: £70,711) by Lubber Limited, a company under the control of Mr A Newman, a director, which is included in other debtors. The amount is not subject to interest and is repayable on demand. During the year, the company made sales totalling £nil (2024: £45,000) to Loft Rooms.co.uk Limited, a company under the control of Mr A Newman. At the reporting date, amounts totalling £133,000 (2024: £133,000) were included in accrued income and £209,640 (2024: £203,040) were included in other creditors. The amounts were not subject to interest and are repayable on demand. During the year the company paid rent of £nil (2024: £14,400) to Mr A Newman. The company has not entered into any other transactions during the year with related parties that are material and that have not been concluded under normal market conditions.
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