Company No: 08201999 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	31.10.2024		31.12.2023
		£		£
Fixed assets
Tangible assets	4	10,812		14,494
Investments	5	50		50
		10,862		14,544
Current assets
Stocks		27,500		27,500
Debtors	6	452,685		407,043
Cash at bank and in hand		0		13,207
		480,185		447,750
Creditors: amounts falling due within one year	7	( 464,677)		( 318,256)
Net current assets		15,508		129,494
Total assets less current liabilities		26,370		144,038
Creditors: amounts falling due after more than one year	8	0		( 58,678)
Provision for liabilities		( 2,703)		( 3,624)
Net assets		23,667		81,736
Capital and reserves
Called-up share capital	9	100		100
Profit and loss account		23,567		81,636
Total shareholders' funds		23,667		81,736

For the financial period ending 31 October 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial period in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Public Open Space Limited (registered number: 08201999) were approved and authorised for issue by the Board of Directors on 11 December 2025. They were signed on its behalf by:

Mr S Ward Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Public Open Space Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 1 East Pitten Barn, Smitherleigh, Plymouth, PL7 5BB, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Reporting period length

The Company changed its financial reporting period end date from 31 December 2023 to 31 October 2024. This is to align the Company’s year-end with that of other related entities.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Computer software

3 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life, as follows:

Vehicles	25 % reducing balance
Fixtures and fittings	25 % reducing balance
Office equipment	3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	Period from 01.01.2024 to 31.10.2024		Year ended 31.12.2023
	Number		Number
Monthly average number of persons employed by the Company during the period, including directors	1		1

3. Intangible assets

	Computer software		Total
	£		£
Cost
At 01 January 2024	2,990		2,990
At 31 October 2024	2,990		2,990
Accumulated amortisation
At 01 January 2024	2,990		2,990
At 31 October 2024	2,990		2,990
Net book value
At 31 October 2024	0		0
At 31 December 2023	0		0

4. Tangible assets

	Vehicles		Fixtures and fittings		Office equipment		Total
	£		£		£		£
Cost
At 01 January 2024	24,800		6,861		8,415		40,076
Disposals	( 2,000)		0		0		( 2,000)
At 31 October 2024	22,800		6,861		8,415		38,076
Accumulated depreciation
At 01 January 2024	13,561		3,789		8,232		25,582
Charge for the financial period	2,341		640		144		3,125
Disposals	( 1,443)		0		0		( 1,443)
At 31 October 2024	14,459		4,429		8,376		27,264
Net book value
At 31 October 2024	8,341		2,432		39		10,812
At 31 December 2023	11,239		3,072		183		14,494

5. Fixed asset investments

	Investments in associates		Total
	£		£
Cost or valuation before impairment
At 01 January 2024	50		50
At 31 October 2024	50		50
Carrying value at 31 October 2024	50		50
Carrying value at 31 December 2023	50		50

6. Debtors

	31.10.2024		31.12.2023
	£		£
Trade debtors	418,810		225,054
Amounts owed by associates	0		150,761
Amounts owed by directors	0		28
Retentions receivable	33,875		31,200
	452,685		407,043

7. Creditors: amounts falling due within one year

	31.10.2024		31.12.2023
	£		£
Bank loans and overdrafts	171,569		63,718
Trade creditors	153,597		169,697
Amounts owed to directors	13,851		0
Accruals	20,470		6,250
Taxation and social security	105,177		38,335
Other creditors	13		40,256
	464,677		318,256

8. Creditors: amounts falling due after more than one year

	31.10.2024		31.12.2023
	£		£
Bank loans	0		58,678

There are no amounts included above in respect of which any security has been given by the small entity.

9. Called-up share capital

	31.10.2024		31.12.2023
	£		£
Allotted, called-up and fully-paid
95 Ordinary shares of £ 1.00 each	95		95
5 Ordinary A shares of £ 1.00 each	5		5
	100		100

10. Financial commitments

Commitments

	31.10.2024		31.12.2023
	£		£
Total future minimum lease payments under non-cancellable operating leases	69,505		91,968

The above financial commitments comprise operating leases for premises and vehicle rental.

11. Related party transactions

Transactions with entities in which the entity itself has a participating interest

At the year end, Public Open Space Limited was owed £132,766 (2023: £150,761) by Award Group Limited, an associated company. This balance has been written off as an irrecoverable debt in the financial statements as Award Group Limited entered liquidation post the year end.

Transactions with the entity's directors

	31.10.2024		31.12.2023
	£		£
Director's loan	(13,851)		28

During the year, the company advanced £74,270 to a director, of which £88,149 was repaid. The total amount due to/(from) the company at the year end was (£13,851) (2023: £28 ) the amount is subject to interest at HMRC's official rate and is repayable on demand.