ACCOUNTS - Final Accounts preparation

Registered number: 06099215

ESH SPACE THE PARK LIMITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

31 DECEMBER 2024

ESH SPACE THE PARK LIMITED

REGISTERED NUMBER: 06099215

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Investments	4		7,300,000		7,300,000
			7,300,000		7,300,000
Current assets
Debtors: amounts falling due within one year	5	450,711		396,881
Cash at bank and in hand		173,537		253,539
		624,248		650,420
Creditors: amounts falling due within one year	6	(5,415,913)		(3,565,029)
Net current liabilities			(4,791,665)		(2,914,609)
Total assets less current liabilities			2,508,335		4,385,391
Creditors: amounts falling due after more than one year	7		-		(2,248,544)

Net assets			2,508,335		2,136,847

Capital and reserves
Called up share capital	4,000,000	4,000,000
Profit and loss account	(1,491,665)	(1,863,153)
	2,508,335	2,136,847

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 comprehensive income 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 by:

................................................

Mr M F Hogan

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ESH SPACE THE PARK LIMITED

REGISTERED NUMBER: 06099215

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2024

Director

Date: 8 December 2025

The notes on pages 3 to 5 form part of these financial statements.

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ESH SPACE THE PARK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

The company is a private company limited by share capital incorporated in England and Wales. The address of its registered office is Dere Street Bownburn North Industrial Estate, Bowburn, Durham, England, DH6 5PF.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

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. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

2.3

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.

2.4

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.

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ESH SPACE THE PARK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.5

Valuation of investments

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors. Their assessment is based on local property values, adjusted if necessary for any difference in nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

2.6

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.

2.7

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.

Employees

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

			2024	2023
			No.	No.


			0	0

4.	Investments properties

		2024
		£
	Cost or valuation
	At 1 January 2024	7,300,000
	At 31 December 2024	7,300,000

The investment properties are stated at fair value as assessed by the directors. Their assessment is based on local property values.

There has been no valuation of investment property by an independent valuer.

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ESH SPACE THE PARK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Debtors

					2024	2023
					£	£


Trade debtors	117,853	150,980
Other debtors	322,894	237,184
Prepayments and accrued income	9,964	8,717
	450,711	396,881

6.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Trade creditors	27,214	6,729
Amounts owed to group undertakings	3,984,693	3,145,999
Corporation tax	86,148	113,868
Other taxation and social security	31,424	42,625
Other creditors	1,000,444	-
Accruals and deferred income	285,990	255,808
	5,415,913	3,565,029

Current liabilities includes £4,985,137 (2023: £3,261,223) owed to shareholders.

7.	Creditors: Amounts falling due after more than one year
		2024	2023
		£	£

Loan	-	2,248,544
	-	2,248,544

8.	Controlling party

The company's immediate parent is Vestbrown ESPL Limited, incorporated in England and Wales.
These financial statements are available upon request from Dere Street House, Bowburn North Industrial Estate, Bowburn, Durham, England, DH6 5PF.

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