REGISTERED NUMBER: 05457529 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

FOR

SPACES TO LET LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A D Godfrey

Mrs S J Godfrey

SECRETARY:

Mrs S J Godfrey

REGISTERED OFFICE:

Ossington Chambers

6-8 Castle Gate

Newark

Nottinghamshire

NG24 1AX

REGISTERED NUMBER:

05457529 (England and Wales)

ACCOUNTANTS:

Stephenson Nuttall & Co

Chartered Accountants

Ossington Chambers

6-8 Castle Gate

Newark

Nottinghamshire

NG24 1AX

FIXED ASSETS

Tangible assets

4

6,095

24,321

CURRENT ASSETS

Debtors

5

17,802

-

Cash at bank

4,600

14,456

22,402

14,456

CREDITORS

Amounts falling due within one year

6

26,744

33,770

NET CURRENT LIABILITIES

(4,342

)

(19,314

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,753

5,007

PROVISIONS FOR LIABILITIES

7

1,158

4,621

NET ASSETS

595

386

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

593

384

SHAREHOLDERS' FUNDS

595

386

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22nd December 2025 and were signed on its behalf by:

A D Godfrey - Director

Mrs S J Godfrey - Director

1.	STATUTORY INFORMATION

Spaces to Let 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1st April 2024

6,409

37,154

43,563

Disposals

-

(32,454

)

(32,454

)

At 31st March 2025

6,409

4,700

11,109

DEPRECIATION

At 1st April 2024

2,348

16,894

19,242

Charge for year

610

881

1,491

Eliminated on disposal

-

(15,719

)

(15,719

)

At 31st March 2025

2,958

2,056

5,014

NET BOOK VALUE

At 31st March 2025

3,451

2,644

6,095

At 31st March 2024

4,061

20,260

24,321

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Other debtors

17,802

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade creditors

4,132

-

Tax

3,747

775

Other creditors

17,245

19,192

Directors' current accounts

-

12,243

Accrued expenses

1,620

1,560

26,744

33,770

7.	PROVISIONS FOR LIABILITIES

31/3/25

31/3/24

£

£

Deferred tax

1,158

4,621

Deferred

tax

£

Balance at 1st April 2024

4,621

Accelerated capital allowances

(3,463

)

Balance at 31st March 2025

1,158

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/25

31/3/24

value:

£

£

2

Ordinary

£1

2

2

9.	RELATED PARTY DISCLOSURES

During the year the company charged management fees of £35,000 (2024 - £40,000) and maintenance work of £9,488 (2024 - £22,110) to Spaces, a partnership in which Mr A D Godfrey and Mrs S J Godfrey are the sole partners.

10.	ULTIMATE CONTROLLING PARTY

Mr A D Godfrey and Mrs S J Godfrey together own 100% of the company's issued share capital.