REGISTERED NUMBER: 03066096 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2025

for

YOUR SPACE PROPERTY LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs L M Williams

M T Nutley

SECRETARY:

M T Nutley

REGISTERED OFFICE:

Pegasus House

5 Winckley Court

Mount Street

Preston

Lancashire

PR1 8BU

REGISTERED NUMBER:

03066096 (England and Wales)

BANKERS:

Lloyds TSB

Fishergate

Preston

Lancashire

PR1 2JB

FIXED ASSETS

Tangible assets

4

1,099,986

1,100,344

CURRENT ASSETS

Stocks

-

641

Cash at bank

37,827

65,744

37,827

66,385

CREDITORS

Amounts falling due within one year

5

79,311

46,550

NET CURRENT (LIABILITIES)/ASSETS

(41,484

)

19,835

TOTAL ASSETS LESS CURRENT LIABILITIES

1,058,502

1,120,179

CREDITORS

Amounts falling due after more than one year

6

191,874

209,178

NET ASSETS

866,628

911,001

CAPITAL AND RESERVES

Called up share capital

902

902

Revaluation reserve

8

164,535

164,535

Retained earnings

701,191

745,564

SHAREHOLDERS' FUNDS

866,628

911,001

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 December 2025 and were signed on its behalf by:

Mrs L M Williams - Director

1.	STATUTORY INFORMATION

Your Space Property Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Freehold

to

and

Computer

property

property

fittings

equipment

Totals

£

£

£

£

£

COST OR VALUATION

At 1 May 2024

and 30 April 2025

521,497

577,415

2,548

-

1,101,460

DEPRECIATION

At 1 May 2024

-

-

1,115

1

1,116

Charge for year

-

-

358

-

358

At 30 April 2025

-

-

1,473

1

1,474

NET BOOK VALUE

At 30 April 2025

521,497

577,415

1,075

(1

)

1,099,986

At 30 April 2024

521,497

577,415

1,433

(1

)

1,100,344

Cost or valuation at 30 April 2025 is represented by:

Improvements

Fixtures

Freehold

to

and

property

property

fittings

Totals

£

£

£

£

Valuation in 2007

79,540

-

-

79,540

Valuation in 2011

61,384

-

-

61,384

Valuation in 2012

23,611

-

-

23,611

Cost

356,962

577,415

2,548

936,925

521,497

577,415

2,548

1,101,460

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

441,762

441,762

Value of land in freehold land and buildings

441,762

441,762

Freehold land and buildings were valued on an open market basis on 29 March 2012 by Pinders .

The freehold property had previously been valued on 31st May 2011. This valuation was carried out by an independent surveyor.

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

16,644

16,644

Trade creditors

-

2

Corporation Tax

3,454

10,276

Other creditors

1,675

1,675

Directors' current accounts

45,408

5,758

Accruals and deferred income

7,960

7,960

Accrued expenses

4,170

4,235

79,311

46,550

The bank loans & overdrafts are secured by a first legal charge over the freehold properties held by Your Space Property Ltd.

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

16,644

16,644

Bank loans - 2-5 years

175,230

192,534

191,874

209,178

The bank loans & overdrafts are secured by a first legal charge over the freehold properties held by Your Space Property Ltd.

7.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

208,518

225,822

The bank loans & overdrafts are secured by a first legal charge over the freehold properties held by Your Space Property Ltd.

8.

RESERVES

Revaluation

reserve

£

At 1 May 2024

and 30 April 2025

164,535