Company Registration No. 06222447 (England and Wales)
Space2Prosper Limited
Unaudited accounts
for the year ended 31 March 2025
Space2Prosper Limited
Unaudited accounts
Contents
Space2Prosper Limited
Company Information
for the year ended 31 March 2025
Director
Colin Andrew Davison
Company Number
06222447 (England and Wales)
Registered Office
Winton House
Winton Square
Basingstoke
RG21 8EN
United Kingdom
Accountants
Cranleys Chartered Accountants
Winton House
Winton Square
Basingstoke
Hampshire
RG21 8EN
Space2Prosper Limited
Statement of financial position
as at 31 March 2025
Investment property
-
10,793,000
Cash at bank and in hand
-
97
Creditors: amounts falling due within one year
(162,719)
(11,131,441)
Net current assets/(liabilities)
297,281
(10,697,731)
Total assets less current liabilities
297,281
113,004
Creditors: amounts falling due after more than one year
(1,605)
-
Net assets
295,676
113,004
Called up share capital
1
1
Profit and loss account
295,675
113,003
Shareholders' funds
295,676
113,004
For the year ending 31 March 2025 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 September 2025 and were signed on its behalf by
Colin Andrew Davison
Director
Company Registration No. 06222447
Space2Prosper Limited
Notes to the Accounts
for the year ended 31 March 2025
Space2Prosper Limited is a private company, limited by shares, registered in England and Wales, registration number 06222447. The registered office is Winton House, Winton Square, Basingstoke, RG21 8EN, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Space2Prosper Limited
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Plant & machinery
Fair value at 1 April 2024
10,793,000
Amounts falling due within one year
Amounts due from group undertakings etc.
460,000
-
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
38,526
4,392,404
Amounts owed to group undertakings and other participating interests
-
201,399
Loans from directors
124,193
6,502,405
8
Creditors: amounts falling due after more than one year
2025
2024
Space2Prosper Limited
Notes to the Accounts
for the year ended 31 March 2025
9
Average number of employees
During the year the average number of employees was 0 (2024: 0).