Robospace Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 6

Robospace Limited

Balance Sheet

28 February 2025

	Note	2025 £	2024 £
Fixed assets
Investment property	4	747,517	747,517
Current assets
Debtors	5	9,363	7,070
Cash at bank and in hand		53,607	43,671
		62,970	50,741
Creditors: Amounts falling due within one year	6	(679,653)	(693,991)
Net current liabilities		(616,683)	(643,250)
Total assets less current liabilities		130,834	104,267
Provisions for liabilities		(36,217)	(36,217)
Net assets		94,617	68,050
Capital and reserves
Called up share capital	7	2	2
Profit and loss account		94,615	68,048
Shareholders' funds		94,617	68,050

Robospace Limited

Balance Sheet

28 February 2025

For the financial year ending 28 February 2025 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 24 December 2025 and signed on its behalf by:
 

......................................... W S Jackson Director

Company Registration Number: 11216601

Robospace Limited

Notes to the Unaudited Financial Statements

Year Ended 28 February 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
E1-E3 Church View Business Park
Bickland Water Road
Falmouth
Cornwall
TR11 4FZ
England

These financial statements were authorised for issue by the Board on 24 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The disclosure requirments of Section 1A of FRS102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in pounds sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The directors of Robospace Limited have considered going concern and understand it to be reasonable to prepare accounts on a going concern basis. The company has seen a profitable year, and have increased their net asset position to £97,617 (2024 - £68,050).

The company also receives continued support from the directors.

Revenue recognition

Revenue relates to rents receivable plus service charges which are recognised on an accruals basis.

Robospace Limited

Notes to the Unaudited Financial Statements

Year Ended 28 February 2025

Tax

Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation 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 taxable income.

Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss. The investment property has not been subject to an external valuation during the year. Based on their review, the directors consider the carrying amount to represent the fair value at the reporting date and that there have been no movements during the year.

Robospace Limited

Notes to the Unaudited Financial Statements

Year Ended 28 February 2025

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors;and
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments..

 

Key sources of estimation uncertainty

In applying the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

In the opinion of the directors there are no areas of the financial statements upon which there is estimation uncertainty or significant judgement.
.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2024 - 0).

Robospace Limited

Notes to the Unaudited Financial Statements

Year Ended 28 February 2025

4	Investment properties

	2025 £
At 1 March 2024	747,517
At 28 February 2025	747,517